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    All Forums | Systems & Strategies

    Question on money management?

    Ja1298
    orhane
    bruin95
    BUSTERDOUGLASS
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    Ja1298
    Ja1298
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    Posted: Mar. 7, 2014 - 2:09 AM ET #1

    To make it simple my unit =$100
    I know to only risk 5% on my bank roll per bet. What about when I have pending wagers already?
    Example today I had over 50 units pending out of my 80 unit bank roll. Next round of games start at 6 and there's a couple I like. Would my bet be 5% of bank roll still or 5% of what's available? And is 5% a constant whether it's a lean or lock? 
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    To remove first post, remove entire topic.
    To make it simple my unit =$100
    I know to only risk 5% on my bank roll per bet. What about when I have pending wagers already?
    Example today I had over 50 units pending out of my 80 unit bank roll. Next round of games start at 6 and there's a couple I like. Would my bet be 5% of bank roll still or 5% of what's available? And is 5% a constant whether it's a lean or lock? 
     
    orhane
    orhane
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    Posted: Mar. 7, 2014 - 9:04 AM ET #2

    I'd take 5% of the initial bankroll, because just because bets are pending does not mena that this bet has less value than the ones before.
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    I'd take 5% of the initial bankroll, because just because bets are pending does not mena that this bet has less value than the ones before.
     
    bruin95
    bruin95
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    Posted: Mar. 7, 2014 - 9:23 PM ET #3

    Not sure where you got the 5% from, but the long standing percentage number used in money management is 2%.
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    Not sure where you got the 5% from, but the long standing percentage number used in money management is 2%.
     
    BUSTERDOUGLASS
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    Posted: Mar. 8, 2014 - 1:48 PM ET #4

    orhane 5% is max % used many stay in 3% - 2 % range at all times.

    YOU are betting too many games PERIOD.

    if you got 50$ out already at $5 per game thats ten wagers

    and YES it's still same % of your bank roll so now you cannot BET $5

    because 5% of $50 = $2.50

    limit your action to max 4 games per time that is early games and later games.

    TRY this 7 days a week in bases shoot to win $50 a day on average

    thats $350 a week X 24 Weeks = $8400 in your pocket!
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    orhane 5% is max % used many stay in 3% - 2 % range at all times.

    YOU are betting too many games PERIOD.

    if you got 50$ out already at $5 per game thats ten wagers

    and YES it's still same % of your bank roll so now you cannot BET $5

    because 5% of $50 = $2.50

    limit your action to max 4 games per time that is early games and later games.

    TRY this 7 days a week in bases shoot to win $50 a day on average

    thats $350 a week X 24 Weeks = $8400 in your pocket!
     
    BUSTERDOUGLASS
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    Posted: Mar. 8, 2014 - 2:05 PM ET #5

    oooo last part of your question the % is constant.

    even if you feel it's Lock of the millinenium

    The sharps developed this Money management system YOU do not even want to try to break thier methods.

    Thats why they win every year thats thier Bussiness.

    They do not work a 9-5 job and get checks weekly they are pro sports bettors. I think some are registered  as such and Pay Taxes of course writing off expenses.

    Anyway GL  stick with the money management and reduce your amount of plays per day and it's no more than 5% of bank roll balance

    if you have $100 you bet $5  now you have $95 that's only $4.75

    ok you bet $5 on second but now your above 5% already bank is 90$ you want a 3rd game but now 5% of 90 is only $4.50 so you have to bet over 5% again to make $5 wager ..... in short 4 wagers at $5 each = Total $20 out of $100 YOU just bet 1 5th of your bank.

    20% 4 X more than the max 5%

    if you go 0-4 your down to $80 YOU see what's happening here?

    IF you like to bet a lot of games daily you better start with a bank roll in the $1000's

    say you have $2000 to start now your 5% is $100 for the day NOT per game. YOU can bet 10 games for $10 each.

    Trust me brother i been at this way longer than half of the kiddies here lost college education when i was in teens up to when i was about 29 ....

    Back then College 4 years maybe about $20,000

    but i lost over $100,000 in 15 years.

     
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    oooo last part of your question the % is constant.

    even if you feel it's Lock of the millinenium

    The sharps developed this Money management system YOU do not even want to try to break thier methods.

    Thats why they win every year thats thier Bussiness.

    They do not work a 9-5 job and get checks weekly they are pro sports bettors. I think some are registered  as such and Pay Taxes of course writing off expenses.

    Anyway GL  stick with the money management and reduce your amount of plays per day and it's no more than 5% of bank roll balance

    if you have $100 you bet $5  now you have $95 that's only $4.75

    ok you bet $5 on second but now your above 5% already bank is 90$ you want a 3rd game but now 5% of 90 is only $4.50 so you have to bet over 5% again to make $5 wager ..... in short 4 wagers at $5 each = Total $20 out of $100 YOU just bet 1 5th of your bank.

    20% 4 X more than the max 5%

    if you go 0-4 your down to $80 YOU see what's happening here?

    IF you like to bet a lot of games daily you better start with a bank roll in the $1000's

    say you have $2000 to start now your 5% is $100 for the day NOT per game. YOU can bet 10 games for $10 each.

    Trust me brother i been at this way longer than half of the kiddies here lost college education when i was in teens up to when i was about 29 ....

    Back then College 4 years maybe about $20,000

    but i lost over $100,000 in 15 years.

     
     
    Ja1298
    Ja1298
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    Posted: Mar. 9, 2014 - 5:05 AM ET #6

    So my bank roll when I first started this thread it was at $8,000.
    5% of that per wager would be $400 per bet. My comfort zone is  $100-200 per bet whether I love it or really really love the pick.
    So my question is  
            Is laying down anything less than what I should per money management rules be a bad thing? 
      My bank roll is a 1/4 of what it was last year and I'm really trying to practice discipline. At the same time I don't want to limit it's growth.
     
    After recklessly losing a third of my bank roll by laying down $5,000 bets on a 40k bankroll I follow strictly follow these laws by BUSTERDOUGLASS 
    https://www.covers.com/postingforum/post01/showmessage.aspx?spt=79&sub=101827462
    Thanks Buster!!!
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    So my bank roll when I first started this thread it was at $8,000.
    5% of that per wager would be $400 per bet. My comfort zone is  $100-200 per bet whether I love it or really really love the pick.
    So my question is  
            Is laying down anything less than what I should per money management rules be a bad thing? 
      My bank roll is a 1/4 of what it was last year and I'm really trying to practice discipline. At the same time I don't want to limit it's growth.
     
    After recklessly losing a third of my bank roll by laying down $5,000 bets on a 40k bankroll I follow strictly follow these laws by BUSTERDOUGLASS 
    https://www.covers.com/postingforum/post01/showmessage.aspx?spt=79&sub=101827462
    Thanks Buster!!!
     
    Ja1298
    Ja1298
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    Posted: Mar. 9, 2014 - 5:16 AM ET #7

    If you can buster, go more in to detail on money management?

    In your laws you set, you say no more than 5%. So that's what I try to go by. 

    But what about these situations? As far as leans, locks, tips, wining streaks, losing streaks, live betting?
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    If you can buster, go more in to detail on money management?

    In your laws you set, you say no more than 5%. So that's what I try to go by. 

    But what about these situations? As far as leans, locks, tips, wining streaks, losing streaks, live betting?
     
     
    BUSTERDOUGLASS
    BUSTERDOUGLASS
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    Posts: 176
    Posted: Mar. 9, 2014 - 10:58 AM ET #8

    Quote Originally Posted by Ja1298:

    If you can buster, go more in to detail on money management?

    In your laws you set, you say no more than 5%. So that's what I try to go by. 

    But what about these situations? As far as leans, locks, tips, wining streaks, losing streaks, live betting?



    GRABS HAMMER and starts whacking your head

    MORE Detail? I will keep it short and Sweet again no leans locks winning streaks losing streaks or even live betting matter.

    A loss is a LOSS stop trying to recover losses in any day.

    YOU bet NO more than 5% of your cash bank PER DAY !

    DO you understand this?

    NOT per game or whatever you chose to do. FOR THE DAY!

    if you only have 100$ Bank YOU get to bet $5 to win $4.50 ONCE.
    for the Day. IF it wins then bet a second later game for $5 to win $4.50

    and you keep betting $5 until you double that $100 to $200 then you can increase wagers to 10$ PER DAY !

    There is no live betting in money management for people like you who only have $100 to start with.

    Thats my tips or rather the RULES that are written in stone in betting or gambling in any shape or form even in a casino YOU play within your means which means do not sit down at a $25 BJ table with only $100 go play a quarter slots machine or smaller denomination you have far better chance of winning that way!

    YOU are limited by these rules break them and YOU will NEVER EVER stay ahead of the Man.


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    Quote Originally Posted by Ja1298:

    If you can buster, go more in to detail on money management?

    In your laws you set, you say no more than 5%. So that's what I try to go by. 

    But what about these situations? As far as leans, locks, tips, wining streaks, losing streaks, live betting?



    GRABS HAMMER and starts whacking your head

    MORE Detail? I will keep it short and Sweet again no leans locks winning streaks losing streaks or even live betting matter.

    A loss is a LOSS stop trying to recover losses in any day.

    YOU bet NO more than 5% of your cash bank PER DAY !

    DO you understand this?

    NOT per game or whatever you chose to do. FOR THE DAY!

    if you only have 100$ Bank YOU get to bet $5 to win $4.50 ONCE.
    for the Day. IF it wins then bet a second later game for $5 to win $4.50

    and you keep betting $5 until you double that $100 to $200 then you can increase wagers to 10$ PER DAY !

    There is no live betting in money management for people like you who only have $100 to start with.

    Thats my tips or rather the RULES that are written in stone in betting or gambling in any shape or form even in a casino YOU play within your means which means do not sit down at a $25 BJ table with only $100 go play a quarter slots machine or smaller denomination you have far better chance of winning that way!

    YOU are limited by these rules break them and YOU will NEVER EVER stay ahead of the Man.


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