Obviously great results, couple things jump out to me.
1. If most plays are 8 units then one unit better be a pretty damn small %age of your bankroll.
2. The down weeks seems to be pretty damn brutal. Looks like maybe this particular person chases late week losses with large unit plays and a few times that hasn't quite worked out?
Example week of Jan 28 if you lost 89 units and a unit was any substantial size relative to your BR you'd be FUCKED regardless of how many "units" you had built up prior to that week. If you are altering your unit size corresponding to your BR then going into that week your unit size would be substantially larger than it was in the beginning, so this is obviously a horrid horrid week in terms of real $. IF units are held constant regardless of BR not that big of a deal I suppose...
No, I stuck to the money management. If you click on the money management link you will see that their bankroll requirement is 200 units or 20 units if you are a flat bettor.
The 89 unit loss week wasnt the biggest downswing, the biggest down swing was april 22 to june 16th which was about 110 units or 55% of the 200 unit bankroll. Somone who started on april 22nd would have shit their pants on june 16th, but if stuck to the plan they would be back up.
No chasing. Plays and size are steady with majority of the plays being risk of 8 units with rare 10 unit plays and some lower unit plays if the odds are big. You can see the plays of each week by clicking on the week.
I did 10 unit play as 3%, so my 8 unit plays were 2.4% of the bankroll and over 90% of the plays are for a risk of 8 units. I also used a fixed bankroll rather than adding the winning back to the bankroll so my bet size was fixed through out for each unit.
In the money management page they advice the ...actually let me copy and paste....
Bettingresource Money Management for small players*: You can find many articles on the internet about money management systems and bankroll management strategies with different approaches. We recommend that you use our method. Choose a bankroll that you can afford. Once you have selected your staring bankroll, don't bet any more than 5% of your bankroll on a single bet -- that means, the highest bet (10 unit bets) should be 5% of your bankroll. So each unit is 0.50% of the bankroll. Here is the table: 1unit=0.5%, 2unit=1%, 3unit=1.5%, 4unit=2%, 5unit=2.5%, 6unit=3%, 7unit=3.5%, 8unit=4%, 9unit=4.5% and 10unit=5%. Keep on reading to learn how to make adjustments to the bankroll after wins and losses.
*Small players refers to players with bankroll of $10,000 or less. This money management aggressive and it is not recommended in the long run. It is a short term plan for small players to help build their bankroll. Your goal is to grow your bankroll to a point where you can do 10 unit = 3% with a reasonable monetary value. Most professional bettors don't bet bigger than 3% of their bankroll in a single bet.
Let's imagine your starting bankroll is $500. Using the above table, a 1 unit bet would be for $2.50 and a 10 unit bet would be for $25 for your imaginary bankroll. Once you have started betting, do not adjust the winnings/losses to your bankroll, meaning, your bankroll and the dollar value of the unit stays the same regardless of the outcome of the bets. For example, let's say you finish the first day with a $100 loss or a $100 gain to make your balance $400 or $600 going into the 2nd day; now your unit size for the 2nd day should still be based on your starting bankroll of $500. Professional punters who live off sports betting keep the value of the unit size constant based on their starting bankroll throughout the season -- they don't add their winnings into the bankroll to increase the value of the unit size. Instead, they withdraw their winnings and treat it as income!
However, not everyone has the bankroll to make a living off sports betting. Most want to start with a small bankroll and build their way up. If you want to build your bankroll, add your winnings to your bankroll and adjust your unit size based on the adjusted bankroll only at the start of a new week. Do not make any adjustments if you finish the week with a loss. If you make an adjustment after a winning week and follow up with a losing week, you must wait till all those losses are made back before adjusting the bankroll again. For example: You finish the first week with $100 profit and you adjust your bankroll to $600 for the 2nd week, which makes 1unit=$3. Now lets say your 2nd week was a $50 loss using the new unit value. That makes your 3rd week's balance $550, but the important thing is that you don't make any changes to your unit value; 1 unit is still $3 for the 3rd week. Now let's say you finish the 3rd week with a $75 loss. That makes your 4th week balance $475, and again the important thing is that you don't make any changes to your unit value; 1 unit is still $3 for the 4th week. It remains $3 until you your balances becomes greater than $600. Now lets say you made a total profit of $100 for the 4th week and another $100 for the fifth week to make your balance $650 for the 6th week. For the 6th week you can set the new bankroll to $650; 1 unit is $3.25 now! Once you reach your desired unit value you can keep it constant. Remember not to be greedy.
