WIth 10 dimes BR, you should gamble $100 to $200, $500 tops (and only once-in-a-while, when you're on a roll and when you get a great number). You should try to build your BR by scalping and middling as much as possible. Don't bet futures beyond series prices, because you need to be rolling over your money and can't afford to have anything tied up for 3 to 6 months, for instance. Work the bonuses too. Gradually increase your units as your BR grows.
Jasin, I'm in the same shoe as you. I currently have about 10K in bankroll. I suggest betting $50-$100 a game and find tons of plays per day that you migh hold an edge on. Also shop/scalp around for good bonuses, I'm sure you can earn close to 5K in 5 months in bonus scalping alone if you have 10K in bankroll.
With a 10 dime BR, believe it or not, you can reasonably win 30 dimes a year or so. For that to happen, you must have at least a 1% average mathematical edge on every play you make, put 10 dimes a day in plays (that means a lot of scalps and middles, because your BR can only stand risking $100 to $250 per gambling unit), and you maintain discipline and don't lose focus and don't go on tilt and chase. At $500 a game, you can EASILY lose 10 dimes in one week (been there, done that). Remember that while you can only risk $100 or $200 a game, if you see a scalp it's okay to throw 3 or 4 dimes on each side, because your goal everyday is to put 10 k in volume in which you have the edge. The nice thing about that is the probablity of collecting more re-load bonuses, because you'll likely empty out on some of your accounts (and they'll think you're a square), although you'll win disporportionately on others. In fact, when bonuses are involved, you should should jump all over "scalps" that are only break-even, if it gives you a chance to re-load at an account or make roll-over requirements.
Saturdays and Sundays are big days for the small BR bettor, because of the opportunity to rollover the money from earlier games to the late games. With a 10 dime BR, you can easily make 20 dimes or more in plays when the game times are staggered all throughout the day.
Saturdays and Sundays are big days for the small BR bettor, because of the opportunity to rollover the money from earlier games to the late games. With a 10 dime BR, you can easily make 20 dimes or more in plays when the game times are staggered all throughout the day.
CoolBreeze22 said:
You're talking about a college kid here, with no substantial income. For even a $5000 CD, you're still talking the government taking pennies of it because of the low tax bracket he's in. I don't even report my earnings off of CDs because they're negligible. I'm making like $15 in 6 months off of a 6-month CD with $500 in there. Government doesn't care about that time of small potatoes.
Hey Jasin:
Didn't know you were in college too. Sweet. There's more undergrads here than I thought.
I don't have a good answer for you, though. I just got to the point you're at a little bit ago and am still testing the waters. I made my unit size $100, but allow my bets to fluctuate between 1 to 5 units, with the occasional 20 unit wager (VERY, VERY occasional - like once a month, maybe twice). Most of my bets are probably slightly larger than one unit, but not larger than 2.
I also don't do plays that often (I post most of them now in the NBA tracker forum), so I don't do the whole '4-5 plays a day' or what not.
But yeah. If you're serious about having your residual cash earn something, I'd go with ING direct. I think it's like 4.5% for the savings account, higher for the CDs (I stick with the savings account for liquidity purposes 'just in case', but that's just me).
And AFLGuru - you're in college too? I appreciate the advice you've handed out here. Any more tips?
Oh, by the way: hook'em.
)
Didn't know you were in college too. Sweet. There's more undergrads here than I thought.
I don't have a good answer for you, though. I just got to the point you're at a little bit ago and am still testing the waters. I made my unit size $100, but allow my bets to fluctuate between 1 to 5 units, with the occasional 20 unit wager (VERY, VERY occasional - like once a month, maybe twice). Most of my bets are probably slightly larger than one unit, but not larger than 2.
I also don't do plays that often (I post most of them now in the NBA tracker forum), so I don't do the whole '4-5 plays a day' or what not.
But yeah. If you're serious about having your residual cash earn something, I'd go with ING direct. I think it's like 4.5% for the savings account, higher for the CDs (I stick with the savings account for liquidity purposes 'just in case', but that's just me).
And AFLGuru - you're in college too? I appreciate the advice you've handed out here. Any more tips?
Oh, by the way: hook'em.
)
