Protecting Profits 101; Is there an expert in the house?

Journeyman · Jun 20, 2003

This may be the biggest mistake I have and alot of people I`ve talked with thru the years ...

Offshore world is a little different as we don`t settle up after monday...

Suggestions on how or when to lay low, and when to step on the gas

SSI · Jun 20, 2003

use regression after you win, then use the UP&PULL method.. also take the shots when its on their money...

assassin · Jun 20, 2003

For protection, Trojan. Always use trojan.

If you consider it a safe book, no risk in leaving your money there. Never deviate from your strategy, whether you are up or down. Don't chase or load up. The only thing you can do is, within your money management profile, use your new larger bankroll as the basis for your unit bets.

If your bankroll was 1000 and you used a 5% wager you would be at 50 per unit. If you increased the bankroll to 2000, and were willing to risk all of it, you could increase to a 100 unit basis while maintiaining the 5%. Me, I would stay at my base unit of 50 even when the bankroll increased, becuase you will hit a bad streak.

Another thought would be to pull out a portion of the winnings to try a new book you always wanted to and collect their bonus (I keep telling myself if I ever get enough money I'll load at Pinnacle, but never quite make it there). Use it as a safe out or make a small deposit at a P2P in case you make a wager in error and the book won't cancel it, can reduce the risk that way.

ATX · Jun 20, 2003

it depends on your strategy. look at your historical win % and ROI per dollar, and do this BY SPORT, it is usually different for each sport since different people have different areas of specialty. another critical element is the number of wagers placed per year. I typically place over 3000 wagers per year, and over 90% of them are 1% or less of bankroll. Since you never know when you are going to lose a wager or have a horrid day, I suggest against progressive strategies. I wait until I have acquired +15% above bankroll before I reconfigure (add to) the strength of each wager. When I lose, I wait until I lose 20% of bankroll before subtracting from the strength of each wager. Nothing is set in stone, and I use subsets such as playoffs where I increase wager size for each event when my historical win% is higher. If you increase wager size just because you had a couple of winning days, that increases your needed win percentage in order to keep those profits. If you are placing only 1000 or less wagers per year, then it depends a LOT on if you flat bet and how aggressive you are.