Sir, check out my thread in the college football or nfl forum to see what I have done money management wise.
If you have increased your bankroll 5X what you are starting, then I say you look at as if you are starting over, and do the following:
Wager 1% to 3% of your bankroll now on all your wagers, parlays 1% and straight up bets 2% and 3%. So say your bankroll is now 1000$, 1% or 1 unit is 10$.
This seems like a small amount to bet when you have a large amount of money, but the truth behind the matter is that betting large amounts of your bankroll is how 90% of people lose their money and bankrolls. You do great for a while, build your bankroll then blow it all on one game. The books love bettors like that, hence why they can afford to give out 20% bonuses to newcomers, because they know the money will be theirs again sooner or later whether or not the bettor wins 1% of his games or 90% of his games.
Build your bankroll like this, and once you have doubled your bankroll again (so in this case to 2,000$), then double your unit size. It is still 1% of your bankroll but now it becomes 20$.
I started with 8,000$ and using this method have doubled my bankroll four times in six years, turning that 8,000$ into what is now 131,000$ approx.
If you wan't to make money, this is the way to do it. Though you still need to win your picks, it is much easier this way, and it takes a long ass time to lose your bankroll if you are having a bad streak, so you're not charging your credit card for more gambling money every weekend when football is on.
Do not put all of your eggs in one basket.
I hope this helps, if you choose to go a different path then I suggest doubling your unit size each time you win your bankroll.
In this case since you have won your bankroll 5 times, you should wager 5 times you were at the beginning when you deposited your money. Hoping you are wagering 1-5% on all games however, or that money will be gone sooner than you think.
GL
If you have increased your bankroll 5X what you are starting, then I say you look at as if you are starting over, and do the following:
Wager 1% to 3% of your bankroll now on all your wagers, parlays 1% and straight up bets 2% and 3%. So say your bankroll is now 1000$, 1% or 1 unit is 10$.
This seems like a small amount to bet when you have a large amount of money, but the truth behind the matter is that betting large amounts of your bankroll is how 90% of people lose their money and bankrolls. You do great for a while, build your bankroll then blow it all on one game. The books love bettors like that, hence why they can afford to give out 20% bonuses to newcomers, because they know the money will be theirs again sooner or later whether or not the bettor wins 1% of his games or 90% of his games.
Build your bankroll like this, and once you have doubled your bankroll again (so in this case to 2,000$), then double your unit size. It is still 1% of your bankroll but now it becomes 20$.
I started with 8,000$ and using this method have doubled my bankroll four times in six years, turning that 8,000$ into what is now 131,000$ approx.
If you wan't to make money, this is the way to do it. Though you still need to win your picks, it is much easier this way, and it takes a long ass time to lose your bankroll if you are having a bad streak, so you're not charging your credit card for more gambling money every weekend when football is on.
Do not put all of your eggs in one basket.
I hope this helps, if you choose to go a different path then I suggest doubling your unit size each time you win your bankroll.
In this case since you have won your bankroll 5 times, you should wager 5 times you were at the beginning when you deposited your money. Hoping you are wagering 1-5% on all games however, or that money will be gone sooner than you think.
GL
ramshaad
Welcome to the RX and congratulations on having increased your bankroll 5 times. To answer your question, your unit value should be based on a percentage of your bankroll, so if your bankroll has increased 5 times, the amount you were wagering, can be increased 5 times. Try to keep the wager the same percentage of your bankroll and your wagers will increase as your bankroll increases and decrease as your bankroll increases. Doing this on a weekly basis will help manage your money. Best of luck.
Welcome to the RX and congratulations on having increased your bankroll 5 times. To answer your question, your unit value should be based on a percentage of your bankroll, so if your bankroll has increased 5 times, the amount you were wagering, can be increased 5 times. Try to keep the wager the same percentage of your bankroll and your wagers will increase as your bankroll increases and decrease as your bankroll increases. Doing this on a weekly basis will help manage your money. Best of luck.
glad that we see eye to eye, and there are many of us that use this type of money management. problem is there is many more who don't. no problem, if you have any other questions ever dont feel like you cant PM (personal message) me. Congrats on making your bankroll five times, it took me six years to do that. Though I do not agree in the philospohy of parlays, because they look like they are filled with lots of value because the payout is higher but really the books screw you. They should give 10-1 odds on 3 game parlays, not 6-1. GL
I know that you should only bet a certain percent of your bankroll. But what if you are only playing with a small amount of money? Let's say $100 dollars.
Wouldn't it be more wise to start with 5-10 dollar bets until you double up or get a decent bankroll?
I just think it's a waste of time to bet so small when you have a small bank roll. Just roll the dice, hope you get lucky, and if you do, then you can use proper money management. Thoughts?
Wouldn't it be more wise to start with 5-10 dollar bets until you double up or get a decent bankroll?
I just think it's a waste of time to bet so small when you have a small bank roll. Just roll the dice, hope you get lucky, and if you do, then you can use proper money management. Thoughts?
the problem with using $5-10 bets on a 100 dollar bank roll is that once you hit a cold streak, you've lost a significant portion of your bankroll and that makes it very hard to come back. you might as well have just started with a bigger bank roll than waste 100 with a dead project. with proper bankroll management using 1-3 dollar bets, you could probably double up in a season. slow, but you're not losing either.
For the most part I agree. But not everyone has more than $100 to play with. Yeah, shocking I know, but true. And not many people have the patience to do 1-3 dollar bets.
So technically, and statistically speaking, I would say bet the same % of your bankroll no matter what. But if your looking to have more fun and get rich a little quicker...and willing to accept losing...then make exceptions for when you are playing with a small bankroll.
Just my two pennies.
what
you don't have more than 100 to play with AND you don't have the patience to do 1-3 bets? what exactly are you betting for to begin with?
you're a) poor and b) wasting money
what's the point?
the thing with betting on a bankroll of 100 is that to really gain a significant amount of money you can't flat bet the same amount every time and expect to come out doubling, especially if you're only hitting about 54%. if you're a good capper at over 60%, you wouldn't even bother with a microbankroll. different games should have different wagers. when you've designated a unit to be 5 dollars, well you're fucked if your 4 unit play doesn't come through. it also makes it harder to make larger wager plays as they continue to take up even more of your bankroll as you lose.
if you don't have the patience to microbet, then save up more money until you have a bankroll that you're satisfied with. otherwise you're just going to be waiting on your next $100 reload
