1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Follow Casinomeister on Facebook | Twitter | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

How good is your money mangement?

Discussion in 'Sports Talk' started by coloradobuff, Nov 1, 2009.

    Nov 1, 2009
  1. coloradobuff

    coloradobuff Experienced Member

    Sports Writer
    Denver, Colorado
    I have a couple questions for ya'll about money mangagement.

    1) Is there a certain amount of days you stay away from betting after you hit a cold streak? For me, I usually take a few days off when I lose 3-4 in a row. I dont want to get in the habit of chasing and a few days away from betting can be a good thing. It shows discipline.

    2) I have been doing well in 2nd halfs in college football. When you are winning consistenly at a sport, how long do you wait before you increase your units?

    I appreciate any input here. Thanks
  2. Nov 1, 2009
  3. 4 of a kind

    4 of a kind Repeated violations of forum rule 1.16 - troll

    Trans. Tech
    New York

  4. Dec 15, 2009
  5. Bullajami

    Bullajami Dormant account webmeister

    Enjoying It!
    If you are sure that taking a few days off following a cold run helps prevent you from making bad bets, then it is a GREAT money management tool. Something too few sports bettors have.

    I use the following criteria for managing my sports betting bankroll:
    • Minimize risk of ruin (bankruptcy)
    • Maximize returns

    Stake size is determined from the above, not based on my current run - good or bad. But since I bet in percentage of bankroll, there is some influence, of course.

    Whether or not I commit a stake to a bet has nothing to do with previous results or current bankroll size. I have wholly different criteria for that. Although I do cap the total percentage of my bankroll I will have at risk at any one time - which may influence me to not make a bet I otherwise might.

    Last edited: Dec 15, 2009

Share This Page