I think that this is the only way to manage money over time and win. I start with a theoretical bankroll for each sport. For example, during football we create one pot for college, one for pros. If you put $1000 into each pot, a 3% or 3* bet is $30. Lets start with first week of college ball: if you play ten 3% bets (ten bets at $30 each), and go 7 and 3, your win new bankroll is 1111 ($ 210 minus $99 equals $111 profit), The next time you bet, each % or star is worth $11.11
Conversely if you went 3 and seven you would have lost $423 (7 times $99 in losers minus your 3 times $90 in winners). You bankroll is then $577. For your next session each star is worth only $5.77. I adjust bankroll every day.
Once you double your money, pull the risk capital off as profit. If you are hot like Thunder has been in college bball, you have pocketed some nice money. Conversely, if you hit a losing streak, you won't go bankrupt as fast. Obviously, if your book rounds down to the nearest dollar, risk an amount that won't punish you. If you can find an offshore book that charges only 5% juice, you are either in the game longer, or cash back your bankroll more quickly.
Conversely if you went 3 and seven you would have lost $423 (7 times $99 in losers minus your 3 times $90 in winners). You bankroll is then $577. For your next session each star is worth only $5.77. I adjust bankroll every day.
Once you double your money, pull the risk capital off as profit. If you are hot like Thunder has been in college bball, you have pocketed some nice money. Conversely, if you hit a losing streak, you won't go bankrupt as fast. Obviously, if your book rounds down to the nearest dollar, risk an amount that won't punish you. If you can find an offshore book that charges only 5% juice, you are either in the game longer, or cash back your bankroll more quickly.
