Proper Bankroll Management Opinions

Search

Member
Joined
Oct 2, 2018
Messages
321
Tokens
I’d like to get everyone’s opinion. Let’s say someone was to always bet the exact same amount while being extremely selective on how many bets are made (100-200 a year) would betting 5% of their bankroll be unwise? Thoughts?
 

Nothing Can Stop What is Coming!!!
Joined
Jan 4, 2005
Messages
21,455
Tokens
normally would say 5 percent is very aggressive but then again given you are making less than 200 bets in a year, maybe its not.......
 

Member
Joined
Sep 20, 2017
Messages
21,911
Tokens
5% may be fine if you don't bet many games
But simplistic terms the higher the risk the higher the reward.
Its a personal decision
Largely dependent on your goals and start off balance
If you have a small bankroll many don't want to bet 10-20 dollars a game
 

my clock is stuck on 420 time to hit this bong
Joined
Sep 21, 2004
Messages
8,343
Tokens
Discipline is the hardest thing . I play hockey and mostly dogs my record typically sucks but do it more for entertainment . No easy answer on a good year can be profitable on a bad year can lose a couple grand. Everyone’s kitty is different . What are you willing to lose where you’re not hurting your everyday life? It’s a love hate relationship when your flat betting same amount whether you’re hitting your +200 dog or losing +200 dog. I wish I put down more or why did I lay so much. Finding that happy medium is not easy. the best advice I can give is if you have extra money and time then learn how to trade stock or commodities or crypto. I been playing in the otc pink sheets last few years and it seems like there’s some better odds in hitting the lottery there only difference is you have to pay attention when markets are open . Plenty of shit as well in the penny stocks but gosh darn you get that one runner it can be life changing .
 

Member
Joined
Sep 20, 2017
Messages
21,911
Tokens
Also depends on how you cap
Situational bettor
Grinder looking for value on bets
Or a combination of both

Situaional bettors can bet more and rely on smaller number of bets
A grinder who finds value in the line and will play many can vary bets but stick to 1-3% of bankroll more easily
 

FreeRyanFerguson.com
Joined
Sep 21, 2004
Messages
13,308
Tokens
5% is way too high. You want to be able to comfortably lose any bet you make and be able to move on from it with a shrug of the shoulders like nothing at all happened. You have a 0-4 day betting 5% and you’re absolutely buried in a single day and it’s impossible to not have the kind of stress that affects your judgment. Every professional gambler is a rehabilitated loser and everyone has done stupid shit like betting 5% a game.
Betting 5% is not only gay, it’s borderline trans and definitely retarded. But everyone has done it at one time.

Being a winning gambler takes every tool in the toolbox firing on all cylinders at every moment. Greed will destroy you. And the default position of the human brain until trained out of it is to hope when you should fear and fear when you should hope. Nobody is born with discipline either, and along my journey I’ve tilted too many times to count and become a dice player just firing away and chasing losses….anything to try to take the sting of being buried away. Sometimes chasing works and sometimes it doesn’t, but if you chase one time, you will do it again and again, and you will go bust wondering how you could lose your fucking mind and go full retard. By then it’s too late and you’re looking for a second job to get back in the game after a long timeout. Discipline is a learned behavior that is unnatural to the human brain and quite honestly the human heart. We are all greedy sons of bitches at birth. It’s like body building for your brain and emotions….it takes a lot of training to completely rewire your brain so that it can become possible to win as a gambler. Books know this and that’s why they give out free $1k first bets to newbies. They want you to get used to betting big like it’s no big deal. They are preying on your nature and they are playing you like a fiddle. It takes years of experience to learn how to find edges in sports gambling but that is only 10% of winning. 90% of winning is strict discipline and then once you have that, you can win with some God given talent. But there are a shit ton of talented handicappers out there, and only a handful of successful pros. Talented cappers go bust everyday, and end up like Matt Damon in Rounders. One other thing to consider is that if you are going to be betting big money on sports, you don’t want to follow anyone else’s plays. A successful gambler knows what he wants to bet and gives no fucks what he overhears in the book as he walks to the window and realizes his opinion is not shared by others. You always want to be protective of your hard earned bankroll of after tax money that you’ve saved. But you want to be aggressive when you know you have an edge. It’s a fine line and a constant balancing act. 1% per bet is plenty, and more like .5% is preferable. Best of luck to you, but really there is no such thing as luck. The one with the edge always wins over time, and it’s usually the bookmaker with their built in vig. Respect the oddsmakers, they aren’t easily beaten and can never be conquered. But if you want to dedicate your professional life to sports gambling, you may be able to become one of the few that can milk the books like a cow and consistently make money. It’s an easy choice to pass unless you really want to become great and also have God given talent.
 

Forum statistics

Threads
1,115,549
Messages
13,525,390
Members
100,283
Latest member
peterdanzel
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com