money management
money management
The details are reasonably simple.
As an example of a money management system, they're great. Inquiring into another man's finances is a different matter, in my opinion. I know no offense was intended.
10,000 bank roll to begin. (Hypothetical, but realistic for many of us here.)
5% bet is $500 and 4% bet is 400. Only two bets of the morning and both lost? New bank roll for this afternoon is $9100 and a 5% bet for next session's games is $405 and 4% is $365.
I use the percents as a guideline and only adjust my 10K bankroll up or down once/day, the next morning. Sort of like a jump shooter who keeps plugging away even on a bad day. The losses might accumulate faster on a bad day or be a little larger but using Thunder's picks my a major 'capping aid, comebacks from morning to afternoon are pretty much the rule for Thunder rather than the exception.
After a bad day, I make my unit smaller (300 instead of 500-1000) cuz my bankroll is smaller. Thunder does the same. In line with the question about how much Thunder makes from gambling, I think someone should also ask him the size of his penis . . .
Personal questions you guys!! YOU decide the size of your unit. And keep the size of that
other unit between you and your loved one.
Actually, as a long time player in this game, I understand the
strong desire to know whether there are many gamblers out there or on MJ's who are consistently winning and even making a living from betting. I can answer.
No. Many win very consistently but of the thousands and thousands of us here, I'm guessing that no more than a dozen or two are really sustaining themselves just with gambling.
The vast majority of the guys in here get hot streaks and then cool off. Begin following one of them at the wrong time and you'll watch a rapid regression to the mean and you'll lose while they just drift back to zero or a small gain or loss based on what they did
before you joined them. Yes, it's fun to follow Thunder, GSP,Hawkeye, Woodson, Steel, and Titus but even these guys have bad days or weeks. Best thing to do: if you have medium level 'capping skills, do a little on your own and feel how they look next to just one of the really consistent posters.
Just one. Make your "real" plays following that person, or maybe two people (I strongly recommend Thunder and GSP) and ignore even the best of the other guys. You'll end up with fewer plays and a higher win percentage.
Also, for God's sake, quit nitpicking Thunder's wins or losses. He's not "going service" and fibbing to us. His math might be different than mine or yours on any given day and I don't give a shit because tomorrow's a whole new day!! Albeit with a slightly larger or smaller BR and slightly larger or smaller bets.
Have a great weekend, Jeff!! That double OT over was a helluva an omen for us.
J