When do you adjust percentage to use when flat betting?
I often see that one of the best money management tools in sports betting is to use flat betting at a 2%-3% percentage rate of your bankroll. When determining this amount do you feel it is better to go with the starting bankroll for each day, or if you will be making many wagers in a month period of time, is it better to use the beginning bankroll percentage amount for the beginning of that month. When do you adjust percentage to use?
Lets say the bankroll is $200.00 and will not be replenished. Anywhere from 5 to 10 wagers are made each day. Would you use the day to day bankroll amount, say at 2%, or keep a steady wager amount until the next month then recalculate? Do you recalculate daily?
Question? When to adjust your percentage.
Answer? It doesn’t matter.
Money management is irrelevant if you can’t pick winners.
You can adjust your bet % every bet you place if you like…most people keep it the same when they are winning enough to cover vig AND profit.
I am making the assumption that you are new to this as this is a newbie type of question. Since you are new, my advice to you is forget about money management and learn how to pick winners first. Once you know you can win enough to profit long term, work money management into your strategy.
answer
http://answers.yahoo.com/question/index;_ylt=AqFyzNSLVGr2kiFW03r91arsy6IX;_ylv=3?qid=20100314171444AA5PH41
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Good job Randy. You provided a link to a Deleted page. :\
I’d say go with the day by day Bankroll number.
References :
I’d think that’s a total bankroll number, not a day by day number.
How many bets does one make in a single day? If I decide that I’m going to bet $100 today… I’m only betting $3 on the first game? If I like 4 games, I’m betting $20 or $30 on them. If I have a terrible day, then I lost the $100. Then again, I don’t make 20 or 30 bets on the same day, maybe you do.
Now, if my entire bankroll was $100, and that couldn’t be replenished, then of course I wouldn’t bet that much on a single game. $2 or $3 makes a lot more sense.
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I wouldn’t know how to make a tiny bankroll like that last at the rate of 5-10 bets a day. I’d go with 2-3 a week laying 11/10. Come back with $100,000 and maybe we can come to grips with this problem.
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There’s a terrific book I have called Beat the Sports Books by Dan Gordon that is the best thing of its kind that I’ve ever seen.
I would recommend that you have a goal to reach before adjusting bankroll percentage. I personally would suggest 25%. In other words, once your bankroll hits $250 ((.25 + 1)) * 200), then you can now start using this as your new percentage. The next time you would adjust your betting amount would then be at $312.50 ((.25 + 1)) * 250)…and so on and so forth.
This way you actually have set goals that your trying to reach as opposed to an arbitrary time frame. This is a very simple but effective way to manage your bankroll for long term success. For more information, check out http://www.sports-betting-insights.com . Best of luck.
References :
http://www.sports-betting-insights.com
Question? When to adjust your percentage.
Answer? It doesn’t matter.
Money management is irrelevant if you can’t pick winners.
You can adjust your bet % every bet you place if you like…most people keep it the same when they are winning enough to cover vig AND profit.
I am making the assumption that you are new to this as this is a newbie type of question. Since you are new, my advice to you is forget about money management and learn how to pick winners first. Once you know you can win enough to profit long term, work money management into your strategy.
References :
http://www.goldensportsbettingsystems.com