Posted: 12/26/2012 12:09:49 AM
The following posts are my response to INSERT NAME HERE
WHATS UP INSERT NAME HERE,
I noticed your post was a few months ago, but I hope you read this... you mightve been following the picks, but not the system, def not for 3 years as I've read it and it touches on bankroll management.... botton line is, 2 staight c losses (entirely possible- you see 13 win streaks in streaker contests ALL THE TIME by amatuers, so you have to be prepared for 6 straight losses, or 2 straight c bets lost) shouldnt float you- here is my bankroll management advice-
You need to start with a $2,500 bankroll for a $50 unit, first and foremost, in your particular situation, AND THAT IS AGGRESSIVE- this starts you @ a 2% unit to your bankroll (50 being 2% of $2000... Anyone who has done this for 3 years knows this, by the way ; ) (I, too have made the same mistakes you speak of in earlier years, and I, too, have turned around and explained it the same way you have in the earlier years, so I stand before you with shame in hand)- keep in mind, this is PER SYSTEM AT A TIME. In other words, if you want to run an NBA system AND a NCAA college basketball system, it is SAFE to start with $5000. And this is AGGRESIVE in my opinion (will explain in later posts)
Now, here is where the magic happens--- again, you better be prepared for a 6-10 year plan before you make decent cash from ANY of this stuff, no matter who you buy information from (most long standing services, www.XXXXXXXXXXXX.com, for example, would take a $40,000 bank for a $50 to be safe, with the potential of 20 unit bets being placed on -500 to -1000 or worse lines, especially halftime lines, and you have to be ready to place mid game bets within 10 min of recieving info)-- I digress, back to the magic--
The most common flaw with bankroll management is- "when do I raise/decrease my unit??" I will give you an AGGRESSIVE approach, as well as a CONSERVATIVE approach WHEN DEALING WITH CHASE SYSTEMS> I believe XXXXX XXXXXXX only chases basketball and football, any and all other advices given are straight bets (baseball, hockey, soccer, NASCAR, MMA, golf, etc).
Since you are focusing on a 3 game chase, or bet C limit, as you stated, we will discuss that approach, as straight betting can be figured out through the explanation I am about to give + logic.
First, lets start with you hypothetical bankroll- $2,500 with a $50 unit. 2% unit bet.
we will look to increase our unit, consistently, by $10 for now, so the next unit goal is a $60 unit. We want to stick with our 2% unit, so we would need to get our bankroll to $3000 to start betting $60, right? WRONG....
(more to come, this is getting long and I don't know if there is limited space)....