If you bet daily and alot of plays, is betting 2% of your bankroll too much

Iceman · Jul 30, 2006

I say with out a doubt yes it is too risky.

I have bet baseball (very up and down) all year and have tried the whole 2% thing(at times) and just seems way too high. I think your chances of going bust increase dramatically. You go on a 3-15 stretch (which will always happen) and you have dropped half of your bankroll and than talk about pressure.

I am not saying you can't bet an occasional bet at 2% but not your base bet (if you are betting multiplie plays daily).

I have bet every day this year and can't imagine betting this high of pct. It would be too stressfull. Give me 1% or less (a 200 unit bankroll is a half percent, ideal to me).

Does anyone here:
a) bet a minimum 5 bets on average daily
and
b) bet 2% or higher on these plays.

if so tell me how you do it? I would love to here. Mentally it would have to be a huge strain.

charleslanger · Jul 30, 2006

Use a formula based on your performance: http://horsestreet.com/products/index.html#Manuscripts

& btw Kelly doesn't work 'in practice'......

edit: best-spent money you could imagine.........

Fishhead · Jul 30, 2006

Define bankroll vs. "net worth".

royalfan · Jul 30, 2006

I find bankrolls and percentages to be extremely unnecessary. I just fire in a bet if I think it will win and all that matters is that you win money over time. Simple as that. This bankroll stuff people use amuse me.

SSI · Jul 30, 2006

i think we have been down this road before..

if you make alot of plays daily, reduce the % risked.. 5 or more plays daily, id be going with 1% at most..

but you know at times, i prefer 1-2 plays daily... i will play as high as 5% when im on the "one at a time" thing..

ive always made my best profits in this manner.. and the stress is way less for me..

something about an 0-5 day, can put you on tilt........ but an 0-1 day is easier mentally, even at a higher %..

charleslanger · Jul 30, 2006

royalfan said:
I find bankrolls and percentages to be extremely unnecessary. I just fire in a bet if I think it will win and all that matters is that you win money over time. Simple as that. This bankroll stuff people use amuse me.

Show me yuour ledger & I'll show exactly you how much money you're leaving on the table. Same as with any other business: hire an auditor and a financial advisor & watch them tell you how much money is frittered away.

royalfan · Jul 30, 2006

charleslanger said:
Show me yuour ledger & I'll show exactly you how much money you're leaving on the table. Same as with any other business: hire an auditor and a financial advisor & watch them tell you how much money is frittered away.

Not leaving any money on the table. Use feel on amounts not percentages of a bankroll, ofcourse my bankroll is for all practical purposes not a concern. More than one way to skin a cat, though I suppose. But to say I am leaving money on the table is not accurate.

WildBill · Jul 30, 2006

Iceman said:
I say with out a doubt yes it is too risky.

I have bet baseball (very up and down) all year and have tried the whole 2% thing(at times) and just seems way too high. I think your chances of going bust increase dramatically. You go on a 3-15 stretch (which will always happen) and you have dropped half of your bankroll and than talk about pressure.

I am not saying you can't bet an occasional bet at 2% but not your base bet (if you are betting multiplie plays daily).

I have bet every day this year and can't imagine betting this high of pct. It would be too stressfull. Give me 1% or less (a 200 unit bankroll is a half percent, ideal to me).

Does anyone here:
a) bet a minimum 5 bets on average daily
and
b) bet 2% or higher on these plays.

if so tell me how you do it? I would love to here. Mentally it would have to be a huge strain.

Huh? You go 3-15 and have lost half your bankroll? By my math you have lost 24% of your BR. It all depends on your risk tolerance. If it makes you sweat much to lose and changes your decision making process day-to-day then you are betting too much. When it comes down to it you might not be cut out for consistent profits and reasoned sports betting if you do. The prospect of losing quite a bit of money at times has to be easily accepted to do this well.

If you want to stretch your BR further, just cut your plays in half whenever you lose half of it. So your BR could end up with 150 units (or more).

Iceman · Jul 30, 2006

WildBill said:
Huh? You go 3-15 and have lost half your bankroll? By my math you have lost 24% of your BR. It all depends on your risk tolerance. If it makes you sweat much to lose and changes your decision making process day-to-day then you are betting too much. When it comes down to it you might not be cut out for consistent profits and reasoned sports betting if you do. The prospect of losing quite a bit of money at times has to be easily accepted to do this well.

If you want to stretch your BR further, just cut your plays in half whenever you lose half of it. So your BR could end up with 150 units (or more).

whoops I meant to type in go 6-24 and you will lose close to half your bankroll. I use a 200 unit bankroll. It eliminates stressfull days.