What Percentage of Your Bankroll do you bet per game?

I read an article stating the making smaller bets is a pretty good strategy to use, because it will pay in the long run.
If you bet large you run the risk of demolishing your bank roll if you run into a losing streak too early in the game.

So I heard it is safe to bet 2% on average, of your bankroll. Lowering it to 1% on games you're less confident in and increasing it to a MAX of 5% of your bank roll...but try to keep the average bet to 2% of your bank roll.

I am sure that some bettors here use a rule similar to this. The percentages may vary, but they follow some sort of money management nonetheless. For those of you, this question is directed towards you:

Let's say my bankroll is $100 and I want to place two bets with 2% of my bank roll. Do I recalculate my bankroll after each bet?

EX: Bet 1 = $2.00 (2% of $100)
Bet 2 = $1.96 (2% of the $98 that remain after I placed my first bet) so on and so forth...

Or do you recalculate your bankroll at the end of the day, based on your winnings/losings from your bets?

EX: Bet 1 and Bet 2 are both $2.00 each. Assuming you win both bets, your new bankroll would be $102.20 and for the next days bets your percentage would be based off that new calculated bankroll.

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I'm certainly no pro gambler but from what I understand 1-2% is a good amount of your BR to gamble on average, and definitily never more then 5%.  And I heard on a radio show one time a pro gambler said it's best to recalculate everyday cuz the way he put it is when you are on winning streaks it helps to maximize profits and when you are on losing streaks it helps to minimize loses (or at least something like that)  I personally gamble 3% just cuz it's my favorite/lucky number.  I hope this helps.

Thanks bpn333. Yeah, recalculating everyday will help maximize earning on winning streaks and minimizing damage on losing streaks. Thanks for the response.

(I figured recalculating after each bet is placed would be a bit tedious).

Thanks for the article Ziegler. Very informative. Do you use that method? Does it work well for you?

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Every article or post I read says anywhere between 1% and 5%. Never more that 5%. Also everything is straight flat bet.


Recalculate at the end of the day. That's the way I do it.

Staying disciplined is a whole other story

The larger your bankroll the smaller the percentage, between 1% and 5%.   If you want to be aggressive there are a couple strategies that won't bust you out.

1) the bigger the advantage the bigger the bet, but staying with in the 1% to 5% range. 

2) this is really aggressive and hard to stay with if you hit a bad skid, but dividing your bankroll by 4 then using the 25% split up on your plays.   

Flat betting is always the safe way but after a winning season you'll only be up a few units. 

Always bet low for sure.

as was taught to and you are correct the sharps and wise guys money managent sysytem destroys the Books !

 

max is 5% of total bankroll on any one game

many use 3%  and increase with 3% all year

THEY are players tho they do thier JOB they converse with each other really handicap the games in all sports college and Pro 

and will get down 5 to 10 grand using thier teams to run bets at the vegas books also known as proxies  !

YOU never hear about these real players they are kept out of press and the NEWS but they are there they make thier living betting on sports that thier business registered and pay taxes on thier winnings beause they are betting in Vegas where it is legal !

10 K wins must be reported ! EVEN if was more than ONE game

small bettors need not worry your $5  wagers aint rasing no eyebrows at IRS even $100 so if u want you can win $500 a week for the whole year  and IRS wont even blink an eye !

 

 

 

 

I heard teddy covers on a podcast say the smaller the bankroll the more shots u want to take in order to grow the roll.