MLB - Tuesday 4/21

Quote Originally Posted by GameHunter:



Thanks for the kind words....I wish I had the correct answer for your question as I am trying to figure out the right time to do that also.....technically, a 1.5 unit play which represented 1.5% of my bankroll on Opening Day is only about 1.1% of my current bankroll which is technically worth 134+ units today.

It's a tough decision and I may consider tinkering with it when I get to +50 units.....however, it also opens up a chance that I can be up units on the season and down money if I get into a slump after making the change...it gets dicey.

One strategy I've done for many years is similar to a blackjack strategy (has worked for 10+ yrs)

1. Say your wager (unit) is 1 and you win, keep the wager the same next game, if you lose, keep it the same.
2. If you win your next wager (in your case, would be your second consective winning day), this would be classified as a winning streak and like in BJ, I increase my wager by 10-20%, in this case to 1.1-1.2 units. If you have another winning day, then again you increase to 1.21-1.32 units. Once you have one losing day, you cut back again back to 1 unit per wager until the next win streak.

**note: you obviously make your own calls on certain days. Say you go 4-4 +0.50 unit, I would take that as a caution even though it was a winning day and would cut back slightly. Like getting a push vs the dealer in BJ.

Whether in gambling on sports, at the casino or in the stock market, the biggest mistake by a gambler (investor) was pressing their wager at the wrong time. Normal gambler wages more when down "to win it all back" when in actual fact this is when you place yourself at the highest level of risk. 

Hats off to one thing you do especially well...you are very disciplined. Very tough considering the emotions that can get in the way when making wagers.

Hope my message made sense.