New sports bettor here.

[hwzdavu]

OK, I was just reading through a few things on how much I should bet, so on and so forth and I just wanted to make sure I got it straight because I have been betting around $20 per bet.

I only started with a bankroll of $200. And if everything is done in units and I just want to be an average better, I should bet 3 units, which comes out to $6 per bet. Is that correct?

Of course, I have been down recently because I am trying to increase my bankroll as much as possible. But of course I don't want to lose it all. I just want to be a casual bettor that makes the games more interesting.

Let me know what you think.

 

[billhill999]

An average bet should be about 2 1/2 percent of your bankroll.
If you are starting out with 200 dollars, five dollars a wager should be fine. (between 4 and six dollars)

You should rate your games from 1 unit to 5 units
* = units
You should never bet more than 5 percent of your bank on any one game.

If you absolutly love a game, bet it 5* or 5 percent of your bank, in this case 10 dollars, if you like the game, 2 to 3 * should be the bet, or about 4 dollars or so (with a $200 working capitol)

If a game is on TV, and you want a little action, and you kinda think a team will win, .5 or no more than 1* shoulde be risked, 1 dollar would be the play.

Books like DSI or 5Dimes have a 1 dollar min.

BoL

 

[hwzdavu]

So basically if your bankroll goes down, you will be betting less and if your bankroll goes up, then you will be betting more. Correct?

 

[billhill999]

Correct.
If you get hot, and that 200 is now 300, your average bet should be about 6 to 7 dollars now, if you run into a dry spell, and your bank is down to 150, your average bet should be about 3 dollars.

It's all about how you manage your money, it's just that simple.

 

[hwzdavu]

Well then I hope I win my bets that I made today before I read about all this. Have Cle -2.5 and College of Charleston +9 at $22 each. We'll see how that goes.

Thanks again and I am sure you will be hearing from me again.

 

[anieve]

i hope you didnt parlay cleve with charleston :/

charleston covered(good choice)

 

[hwzdavu]

Phew, won both. I was a little scared the first 3 quarters of the Cleveland game.

 

[billhill999]

Now manage those winnings son.
If you are in this for the long haul, and average bet from here on out should be 2 to 3 percent of your bankroll.

 

[anieve]

Good I thought u took cleveland st who lost

 

[hwzdavu]

Now manage those winnings son.
If you are in this for the long haul, and average bet from here on out should be 2 to 3 percent of your bankroll.

OK, one last question. When you say 2 to 3 percent of my bankroll, do you mean each bet? Or total per day? I have not been making more than a couple bets per day anyway.

 

[billhill999]

2 to 3 percent per bet, not day.

 

[take2amphittoright]

good job Bill

2 to 3 percent per bet, not day.

Keep that bank roll growing.

 

[hwzdavu]

It would keep growing if I had stayed away from O/U bets. For some reason I just cannot win those. Especially when I see them on TV. That Mavs game from Friday night killed me.