Whats your money management strategy?

[bamafan2112]

Not too sure where this would go, so I'm throwing it here.

My strategy:

No more than 4% of my account bet on any day, EVER.

No more than 2% of my account placed on a single game.

And trying to break an old habit on this, but I am trying to get to a point where I am betting the same amount on every game from that day (nothing sucks like going 2-1 on the day and not breaking even ^<<^).

I stick with a "slow and steady wins the race" mentality. Just curious what some of your MM strategies are.

 

[oldmanTED]

bamafan2112

Not too sure where this would go, so I'm throwing it here.

My strategy:

No more than 4% of my account bet on any day, EVER.

No more than 2% of my account placed on a single game.

And trying to break an old habit on this, but I am trying to get to a point where I am betting the same amount on every game from that day (nothing sucks like going 2-1 on the day and not breaking even ^<<^).

I stick with a "slow and steady wins the race" mentality. Just curious what some of your MM strategies are.

Actually you have a realitively conservative approach which is very reasonable. You could lower it a bit and place no more then 1% on any single game while still holding your daily limit to 4% of your bankroll. This would protect your bankroll even more from any long term slumps. Best of luck.

 

[IrishTim]

1-2% of your bankroll, flat bet. Disregard daily limit.

 

[ParkerPerry]

Parlays kill, though they seem very tempting, even vegas tells you that it is a bad idea, it is hard enough to pick one game!

 

[HashishHaze]

Parlays do kill. I got a friend who is in love with them...but I've only heard him hit one or two EVER.

I like your approach bamafan2112. IrishTim why do you say disregard daily limits if you stay 1-2% of bankroll per single bet? could you explain.

 

[bamafan2112]

1-2% of your bankroll, flat bet. Disregard daily limit.

Personally, I don't like changing the limit on what I bet on a day-day basis.

My reasoning is:

Lets say you have $1000 in an account and place 10 $10 bets in one day. You go 10-0 to push your account to let's say $1090.

Next day, place 10 $10.90 bets. You go 1-9. You are down to around $1001 after hitting 55%.

If on your second day you stick with $10 bets and go 1-9, you are at around $1009. You've hit the same percentage on the same games and have more to show for it that way.

Of course, eventually there comes a time when bumping it up is appropriate, but I see that as a "later" rather than "sooner" scenario.

 

[GOFOR2]

I always play the same amount on every game. Why would you weight 1 game more importantly than the next? I bet the same for the year and then the next year I change my bet and bet that amount for the entire year.