No it doesn't. If you're edge isn't as good, WHY BET IT?????
Seriously? Because you'd be leaving money on the table by not betting it. This is like picking up a $50 note and leaving the $10 note.
There is no such thing as "flat betting" or varying unit sizes.
I can't imagine how you came to that conclusion.
Seriously? Because you'd be leaving money on the table by not betting it. This is like picking up a $50 note and leaving the $10 note.
There is no such thing as "flat betting" or varying unit sizes.
I can't imagine how you came to that conclusion.
Since no-one has jumped in maybe they have difficulty getting the data so I'll have a go.
Simple queries on my database for 2006 shows a 46.6% win rate on 1X bets, a 50.0% win rate on 2X bets and a 53.3% win rate on 3-5X bets. The sample size is over 4000 and total win exceeded 100 units.
I guess you could say this doesn't support the value of ranging bets since I should just stop making my 1 and 2X bets.
Tricky post, silver7. You are right, it CAN happen. But why didn't you also mention the other way around as well, eh? You can't just present ONE side, come on... you want a practical way to make your point, that's fine, but it's not practical when you only present ONE view, right?
How about this view then?
"Going 1-5 on a terrible day, but hitting your 7 star play for $700 but losing 5 of the 1-star plays at -110 to lose $550. You profit $150 on a day where you went 1-5."
I am neither saying that flat-betting is bad nor saying that varying your bets is bad, too. This type of situation that happens to veterans so, so many times to the point that it is best to vary some bets BUT STICKING TO SOME KIND OF MONEY MANAGEMENT SYSTEM WITHOUT MAJOR DEVIATION AND BANKROLL PROPORTIONS! That is it.
* CalvinTy
i dont do flat betting, but having 1 unit, 2 unit and 4 unit plays.
Basically my 1 unit bets are action bets, while the 2 unit are the "normal plays" i like..4 is a big one.
Reason i did this is actually not upgrading the big bets, but more downgrading the action bets.
The more you vary your units the less the small bets have influence on your net result.
i agree with all posts saying that you should not bet the small bets if they are not profitable or bet them also big if winning, but for me it has something to do with controlling the emotion and feeling comfortable with a bet.
i have sometimes problems to avoid the actions bets (tv games and so on)..so i play them only small and make them relatively insignificant...but i still have my "action".
even if i know from long track-history that the small bets are winning i am just not comfortable in betting them big.
If i am really confident in a bet and have many reasons to go for it, i make it a big one and have no problem if it s losing (that can always happen), but i had a reason behind it.
That approach might change if you do this on a professional basis, but to do it as a fun hobby it s a way to control the emotions and enjoy the betting and still have a solid money management.
Basically my 1 unit bets are action bets, while the 2 unit are the "normal plays" i like..4 is a big one.
Reason i did this is actually not upgrading the big bets, but more downgrading the action bets.
The more you vary your units the less the small bets have influence on your net result.
i agree with all posts saying that you should not bet the small bets if they are not profitable or bet them also big if winning, but for me it has something to do with controlling the emotion and feeling comfortable with a bet.
i have sometimes problems to avoid the actions bets (tv games and so on)..so i play them only small and make them relatively insignificant...but i still have my "action".
even if i know from long track-history that the small bets are winning i am just not comfortable in betting them big.
If i am really confident in a bet and have many reasons to go for it, i make it a big one and have no problem if it s losing (that can always happen), but i had a reason behind it.
That approach might change if you do this on a professional basis, but to do it as a fun hobby it s a way to control the emotions and enjoy the betting and still have a solid money management.
For the people betting different amounts, take this quiz. This is my own version of the movie "Saw". I have a shotgun. I'm going to kill you unless you win $1,000 tonight. I'm giving you two options.
A) Bet $1,000 on one game that you really like.
B) Bet $600 on one game you really like and $200 on two other games you "kind of like".
What's it going to be and tell me why. :lolBIG:
A) Bet $1,000 on one game that you really like.
B) Bet $600 on one game you really like and $200 on two other games you "kind of like".
What's it going to be and tell me why. :lolBIG:
I think there is only one real answer to this question. And it is there is no real answer. This thing we do can be done in so many ways and if that way wins for you then it is the correct way. Its all about capping style and systems in use , the beauty of what we do is that what works for one doesnt have to work for another. In the end its about profit and if the system you use gets you to that profitable ending then it surely is the correct way of doing it "for you". Could some of our systems and styles be tweeked to accomplish more , probably so, but that comes with time and alot of trial and error. So in closing if your style fits you and it ends in a profitable manner then you are using the right answer. For those who have yet to find that style fit , there is no magic answer or system just continue to look for good advice and mold it to fit what you are looking to do.
If that's the case, in the long run, are you working out a positive result on those two other games? If the answer is yes, you should be playing them for more. It's either winning or losing. If you're winning with the smaller plays, great. Then play them for more and make more money.
Hmmm.
I mean, where is the line? If someone here says that in long run, his/her 1 unit play do win at a 54% clip... why ask that person to increase his 1 unit play to a 5 unit play "just for the sake of playing them because they would make money in the long run" when the perceived edge is still not the same as some other games with greater perceived edge by that person??
I mean, lets throw an example with numbers with hypothetical history of results:
5 units; "best" 60-40 60% +80 units
3 units; "normal" 114-86 57% +58.4 units
1 unit; "action" 162-138 54% +10.2 units
Total: 336-264 56% +148.6 units
All of them win at least 54% clip in EACH unit group, but are you suggesting that the person should have made all of them at 5 units? I'm not so sure that's wise simply because either due to: bankroll considerations and/or thinking that all plays are of equal edge. You follow?
* CalvinTy
Here is how I do it and handle it. 75% of my plays are 1 unit plays, which are winning plays (53-54% range) and as long as they are profitable I make them. The rest of the plays are 2 units and maybe a few are 3 unit plays.
What I am saying if a play/edge sticks out as being WAY above the normal than I double up. Not trying to grade every play as how much I like it but more or less saying okay is this bet a good bet with an edge for me and then if it sticks out as being a huge edge than I double up my bet or so sometimes triple. I think you start from there with will you bet it and if it is a great play than double it.
What I am saying if a play/edge sticks out as being WAY above the normal than I double up. Not trying to grade every play as how much I like it but more or less saying okay is this bet a good bet with an edge for me and then if it sticks out as being a huge edge than I double up my bet or so sometimes triple. I think you start from there with will you bet it and if it is a great play than double it.
