#1
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Bankroll Management Question
A friend of mine who has been a successful sports bettor for 3-4 years now seems to have a flaw in his bankroll
management and I wanted to come here and get some input. Basically he readjusts his bankroll daily and I contend his is giving up too much value by doing this. His argument is that his method is more conservative. He also argues it lets his winning streaks compound fully. I countered him by saying he is giving up too much value on his winning days following losing days which happen much more often that long streaks. (bounceback days 55% or so, win streaks 9-11%) Shouldn't you have a large sample size of plays before readjusting or do it based on a longer time because your low % of BR risked on each play is a built-in mechanism for avoiding BUSTO? I could be wrong in my thinking, but I would like to take his method he's teaching me and tweak it according to a few leaks I feel he has, thus making me more profitable. Hope you guys will give some good input (that's why I came here). Take care. |
#2
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Re: Bankroll Management Question
You should readjust after every play ideally. Day by day is std since many events go off at once.
You are incorrect. |
#3
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Re: Bankroll Management Question
I like to readjust instantly or go with a set amount of gambling capital/power.
That is, kelly bet based on a set number like 30K. Of course the way i do it, this is much more conservative since obviously the true bankroll size would have to be at least double. |
#4
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Re: Bankroll Management Question
[ QUOTE ]
You should readjust after every play ideally. Day by day is std since many events go off at once. You are incorrect. [/ QUOTE ] could you expound on that? is there math to back it up? i don't want this to come off as challenging you are calling you wrong, but i want to be able to present what you guys say to him in a detailed way if possible. |
#5
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Re: Bankroll Management Question
[ QUOTE ]
[ QUOTE ] You should readjust after every play ideally. Day by day is std since many events go off at once. You are incorrect. [/ QUOTE ] could you expound on that? is there math to back it up? i don't want this to come off as challenging you are calling you wrong, but i want to be able to present what you guys say to him in a detailed way if possible. [/ QUOTE ] If he uses Kelly Criterion (which is best) you readjust. If he is using % of bankroll you readjust as well. Seems like he is using one or the other. He should be familiar with both systems if he cares enough to readjust his bet sizes. |
#6
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Re: Bankroll Management Question
Well I know you readjust, but why every play rather than a set number of plays (say 150 or so). is there math behind this?
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#7
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Re: Bankroll Management Question
[ QUOTE ]
Well I know you readjust, but why every play rather than a set number of plays (say 150 or so). is there math behind this? [/ QUOTE ] Umm... Because you'll increase RoR by overbetting? |
#8
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Re: Bankroll Management Question
[ QUOTE ]
Well I know you readjust, but why every play rather than a set number of plays (say 150 or so). is there math behind this? [/ QUOTE ] Which is more accurate(assuming GW Bushi isn't involved) The estimates of who's winning the election, or the actual counted votes? |
#9
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Re: Bankroll Management Question
alrighty well thanks then
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