Some of you may remember me from the NFL, MLB, NCAAB and NBA forums. I used to post a LOT... but stopped pretty abruptly last August when my baby girl was born! My last post including picks was literally the day she was born, and I swept the board going 3-0.
My style is to be ultra selective. I try to limit my plays to 3 or so a day across any and all sports, and NEVER make more than 5-6 in one day. I may rarely make a 2nd half play on a game if I feel there's exceptional value.
Anyway, here's how my money management system works for those of you who don't know.
So, I'll be starting with $10,000. Every wager made for the day from here on out will be 2% of my starting bankroll THAT DAY. Today, that equates to risking $200 on each play.
Write-up's if requested as always. Thoughts/opinions welcome. I don't mind giving my mind on other games either.
For those who don't know, I always start the system with $10,000. Every bet is 2% of whatever my starting balance was that day.
Right now I'm at $10,000. 2% = $200
My Tuesday pick(s):
Washington Wizards -1 @ -115 Risking $200 to win $174.
My other leans that I liked but won't be risking money on -
Miami -9 (or 9.5 depending on your book)
Toronto -3
Best of luck to those who tail as always.
(Yes, I put my bet in last night when the lines first came out, but I'd still take them at -2 or -2.5)
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To remove first post, remove entire topic.
Some of you may remember me from the NFL, MLB, NCAAB and NBA forums. I used to post a LOT... but stopped pretty abruptly last August when my baby girl was born! My last post including picks was literally the day she was born, and I swept the board going 3-0.
My style is to be ultra selective. I try to limit my plays to 3 or so a day across any and all sports, and NEVER make more than 5-6 in one day. I may rarely make a 2nd half play on a game if I feel there's exceptional value.
Anyway, here's how my money management system works for those of you who don't know.
So, I'll be starting with $10,000. Every wager made for the day from here on out will be 2% of my starting bankroll THAT DAY. Today, that equates to risking $200 on each play.
Write-up's if requested as always. Thoughts/opinions welcome. I don't mind giving my mind on other games either.
For those who don't know, I always start the system with $10,000. Every bet is 2% of whatever my starting balance was that day.
Right now I'm at $10,000. 2% = $200
My Tuesday pick(s):
Washington Wizards -1 @ -115 Risking $200 to win $174.
My other leans that I liked but won't be risking money on -
Miami -9 (or 9.5 depending on your book)
Toronto -3
Best of luck to those who tail as always.
(Yes, I put my bet in last night when the lines first came out, but I'd still take them at -2 or -2.5)
Hey, i don't know you but you look like a good guy, i have a question for u, if i have 1000$ bank roll, you still think 20$ is the price? If not then how much?
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Hey, i don't know you but you look like a good guy, i have a question for u, if i have 1000$ bank roll, you still think 20$ is the price? If not then how much?
Hey, i don't know you but you look like a good guy, i have a question for u, if i have 1000$ bank roll, you still think 20$ is the price? If not then how much?
If you want to strictly follow my system, then yes, $20.
The guideline is to only risk 2% of your bankroll on ANY play. It's how most people I've ever met who make a living gambling have always told me to approach putting your money at risk. It allows you to be tremendously comfortable in getting hit by negative swings. You'll find you chase and press less when you don't panic after a loss. Best of luck.
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Quote Originally Posted by Itay2277:
Hey, i don't know you but you look like a good guy, i have a question for u, if i have 1000$ bank roll, you still think 20$ is the price? If not then how much?
If you want to strictly follow my system, then yes, $20.
The guideline is to only risk 2% of your bankroll on ANY play. It's how most people I've ever met who make a living gambling have always told me to approach putting your money at risk. It allows you to be tremendously comfortable in getting hit by negative swings. You'll find you chase and press less when you don't panic after a loss. Best of luck.
2% no matter what?! Whether your 60% sure of a bet or 80% still bet 2%?
Correct, the ideology behind it is that humans are too emotional.
People get too invested in their beliefs and convince themselves that something is more "certain" or likely than it really is because they want to verify their own desires or thoughts.
Betting the same amount in every wager (percent wise that is) is beneficial for two reasons.
A) Less likely to chase and take large bad swings because you're too emotional.
B) Helps to adhere to strict money management... Paramount in gambling and attempting to truly be profitable in the process.
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Quote Originally Posted by thirdworld:
2% no matter what?! Whether your 60% sure of a bet or 80% still bet 2%?
Correct, the ideology behind it is that humans are too emotional.
People get too invested in their beliefs and convince themselves that something is more "certain" or likely than it really is because they want to verify their own desires or thoughts.
Betting the same amount in every wager (percent wise that is) is beneficial for two reasons.
A) Less likely to chase and take large bad swings because you're too emotional.
B) Helps to adhere to strict money management... Paramount in gambling and attempting to truly be profitable in the process.
And if I can get Orlando at +13.5 or better, I'll be wagering $200/$182 assuming its at -110.
Best of luck today everyone. I was on the fence about Cleveland, but I'm going to trust my gut. I also loved Toronto, but Atlanta's been playing well... I had them on the ML yesterday and it paid off nicely. Going to trust my gut here as well and just stay off the game.
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Going to finalize my card with...
Washington -1 (-115) @ $200/$174
Cleveland +10 (-110) @ $200/$182
Orl/GS O202.2 (-120) @ $200/$167
And if I can get Orlando at +13.5 or better, I'll be wagering $200/$182 assuming its at -110.
Best of luck today everyone. I was on the fence about Cleveland, but I'm going to trust my gut. I also loved Toronto, but Atlanta's been playing well... I had them on the ML yesterday and it paid off nicely. Going to trust my gut here as well and just stay off the game.
Correct, the ideology behind it is that humans are too emotional.
People get too invested in their beliefs and convince themselves that something is more "certain" or likely than it really is because they want to verify their own desires or thoughts.
Betting the same amount in every wager (percent wise that is) is beneficial for two reasons.
A) Less likely to chase and take large bad swings because you're too emotional.
B) Helps to adhere to strict money management... Paramount in gambling and attempting to truly be profitable in the process.
great advice and what I adhere to too although I go 3.3% as my max of current bankroll, in addition using this method keeps an honest record and that is really valuable too for you and people tailing or fading
All Out
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Quote Originally Posted by trustandfall:
Correct, the ideology behind it is that humans are too emotional.
People get too invested in their beliefs and convince themselves that something is more "certain" or likely than it really is because they want to verify their own desires or thoughts.
Betting the same amount in every wager (percent wise that is) is beneficial for two reasons.
A) Less likely to chase and take large bad swings because you're too emotional.
B) Helps to adhere to strict money management... Paramount in gambling and attempting to truly be profitable in the process.
great advice and what I adhere to too although I go 3.3% as my max of current bankroll, in addition using this method keeps an honest record and that is really valuable too for you and people tailing or fading
very nice. seems to be light and not to agressive. poker is a real example of gambling. if you lose in your pocket ace. bad beat. and you go all in in next card whatever it is. being emotional let you lose. just breathe and think. if you lose, study the game and be poker face haha
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very nice. seems to be light and not to agressive. poker is a real example of gambling. if you lose in your pocket ace. bad beat. and you go all in in next card whatever it is. being emotional let you lose. just breathe and think. if you lose, study the game and be poker face haha
very nice. seems to be light and not to agressive. poker is a real example of gambling. if you lose in your pocket ace. bad beat. and you go all in in next card whatever it is. being emotional let you lose. just breathe and think. if you lose, study the game and be poker face haha
Funny you say that... I'm from south Texas and ive grown up with people who have learned from and played with poker legends like Amaeillo Slim and Dodie Roach. Everything I know about bankroll management I've learned from poker players, some of whom also dabbled in sports betting.
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Quote Originally Posted by nhelzky:
very nice. seems to be light and not to agressive. poker is a real example of gambling. if you lose in your pocket ace. bad beat. and you go all in in next card whatever it is. being emotional let you lose. just breathe and think. if you lose, study the game and be poker face haha
Funny you say that... I'm from south Texas and ive grown up with people who have learned from and played with poker legends like Amaeillo Slim and Dodie Roach. Everything I know about bankroll management I've learned from poker players, some of whom also dabbled in sports betting.
And if I can get Orlando at +13.5 or better, I'll be wagering $200/$182 assuming its at -110.
Best of luck today everyone. I was on the fence about Cleveland, but I'm going to trust my gut. I also loved Toronto, but Atlanta's been playing well... I had them on the ML yesterday and it paid off nicely. Going to trust my gut here as well and just stay off the game.
With you on:
Washington -1 Cleveland +10 I like the over but not enough to wager instead I took Orlando+13
I use the same Bankroll management for years, it is mathematically proven to give the best chance of not going bankrupt. BOL to us
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Quote Originally Posted by trustandfall:
Going to finalize my card with...
Washington -1 (-115) @ $200/$174
Cleveland +10 (-110) @ $200/$182
Orl/GS O202.2 (-120) @ $200/$167
And if I can get Orlando at +13.5 or better, I'll be wagering $200/$182 assuming its at -110.
Best of luck today everyone. I was on the fence about Cleveland, but I'm going to trust my gut. I also loved Toronto, but Atlanta's been playing well... I had them on the ML yesterday and it paid off nicely. Going to trust my gut here as well and just stay off the game.
With you on:
Washington -1 Cleveland +10 I like the over but not enough to wager instead I took Orlando+13
I use the same Bankroll management for years, it is mathematically proven to give the best chance of not going bankrupt. BOL to us
i like the money managemnt concept....i do that as well...$$ managemnt is more than half the battle if u ask me...anyway best of luck with pix tonight...like your > gsw-orl play...i'd be on orl and 13.5 as well...
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i like the money managemnt concept....i do that as well...$$ managemnt is more than half the battle if u ask me...anyway best of luck with pix tonight...like your > gsw-orl play...i'd be on orl and 13.5 as well...
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