Some basic questions

[SoxNation]

Ok, I've been betting on sports for over a year now, and I read these forums time to time to see who people are going with, but now I'm thinking that if I'm putting all this money into this, I should be smarter about it. I'm just looking for your thoughts on some of these things I'm debating.

I have a $750 bankroll and am debating to go with a unit play of 2% of my roll.

-When should I think about making withdrawals, or change unit play percentage? Is there a system that you guys like and are comfortable with?

Do you have a good tracking system for your stats? I'd like to keep track of my wins/losses, units, and daily balance, etc etc.

Any tips would be appreciated!

[FlyersFan]

Sox- if you only have a bankroll of 750.00 you aren't going to make anything betting 15.00/game. So you need to look at this from a fun perspective. Why do all that tracking and invest hours into something for 14.00? The only way to make money is to bet money.....lets say you make 200 bets in a CFB season and are good enough to go 58% or 116-84 at regular juice which is actually 116-93 w/juice...you just made about 300.00 at a 15/13.70 2% clip. 300.00 over 4 months is about 75.00/month....that's fine if you are doing so for fun, but to waste all that time and energy into tracking, stats, w/l record etc...is a huge waste of effort. Just realize you aren't in it for the money at 750.00 and have some fun with it. Or GO BIG a couple of times and see what happens....GL either way:thumbs:

[SoxNation]

Well, $750 is a good amount for me right now. Should I think about upping my percentage to 3% per unit and dropping the number of games played?

[SoxNation]

And this is definately for fun. I mean if I can manage to get 100-150 extra dough a month, then I'd definately take this a lot more serious.

Do you have a good strategy where I can earn between 100-150 a month?

[FlyersFan]

Sox- wasn't belittling your dollar start amount, so hope you didn't take it that way. If you play 22.00/20.00 at -110 odds and play smart (no chase games and no betting just to bet because it is the only game at 9PM PST or you need action on something) and can hit 56 percent plus...you will make that amount each month by playing 100+ plays. The key really is being able to pick winners, because you can have all the money management strategies you want, and talk all kinds of vig and stats and tracking crap, but if you can't pick winners....eventually you are going to lose your stash....what percent you bet just determines how long your spiral lasts. Pick some sports you are strong at and stick to those. If you can pick winners, you will make money in the end and if you can't you won't....GL!:thumbs:

[beermantm]

Lay 40 a game......... should give you enough to get started........ Play only high percentage type plays or what you feel is your strongest picks. Realise your more likely to go broke than to make money by doing it but also realize with at least a decent money management system you also have a shot at going on a pretty good run and make some nice yen.........

I try to reinvest any money I make betting on sports but sometimes in life other things just are way more important to me so I'll surrender some of my bankroll.


If I use an example it would be how I approached football each year which seems to be what I'm best at. I would start each year with about 5k and run it up to about 7.5K or 8K by the end of the season. I would bet 200 a game and play 6 games a week.(unless there was more value than just the six games)

The higher percentage per game was justifiable for me because I had a pretty high winning expectation. Unfortunately this year ended with pretty crappy results but I did fairly well for not even seeing any of the games. I worked through the whole season including sundays. Anyway you get the idea..........

The higher your winning expectation the more you can risk per play........ cutting down on your plays though is something that people think helps but the truth is your deviation from 50% gets higher with less plays so weather your winning at a huge clip or losing your ass......... it normal with less plays. If your good and not just lucky you can stay on the winning side alot more often than on the losing side.


:gulp:

[I Bleed Black&Gold]

I AM NOT KISSING YOUR ASS but i could not have said that better I think there is Value in betting more games espicially if you are hot ride that Horse till you fall off when things arent so green pull back the reigns you can tell when your HOT then Pound the man

[yomonte]

FF, I spend alot of time on my stuff and am a small bettor. Its stays fun and I can sleep at night knowing I only lost $50 going 0-4. A certain emotion goes with losing 2 to 3 hundred a day and thats not a feeling I want to have LOL. I showed Big Pimpin' my baseball stuff I was tracking and he said, How the hell do you have time to do all that. Its easy if you keep it up to date and not get behind. I'm just a recreational gambler, but if you don't find some way to get an edge, your throwing your money away even if it only takes a 1/2 hour a day. I don't gamble for a living and know thats not a possibilty, no shit, LOL. And when you lose like I do its best to bet small LMFAO