Money Management

[LVJimmy]

SFLINSJ, read post #6. Those are rules I follow and rarely break. Hopefully, it'll assist you with betting more disciplined.

Frank, that was a ridiculously good post...I just printed it out and magnatized it to my computer monitor. Now I can't see what to play, but at least I'm disciplined...lol. Thanks again.

[frankb03]

I have a few betting rules that I very rarely break.

First, 95% of my wagers are 2% of my bankroll. Assuming I have a $1000 bankroll then 2% unit wager is $20. A few times a week I'll play 5% of my bankroll. Very rarely will I play more that 5%. Less than once a month.

I adjust my bankroll weekly on Mondays. If my bankroll increases to $1200. Then my 2% wager is $24. If my bankroll decreases to $900. Then my wager amount is $18. When my bankroll doubles I remove 50% of my bankroll. I keep my wagers based on a $2000 bankroll or $40

Finally, a few personal rules that I hardly ever break.

Once all of my bets are made I DON'T bet anymore on a game I already played nor do I bet on any other games. This rule avoids chasing. Too many bettors chase. Also, many bettors when they are up for the day or week make needless wagers.

I very rarely, watch the games I bet. I do this for a few reasons. First, I don't need the aggravation. Second, it keeps my emotions out of my capping process. In the past I'd make a bet against the team I just lost on because I was pissed. I wan't being objective. It also helps chasing after a tough loss.

Finally, it's not a rule but one of the most important lessons in sport betting. Learn to ACCEPT loses. Read the threads at this forum. I truly believe many bettors expect to win every game. The whining! The fix is on. ETC. Guys you can make lots of money hitting 54-55%. Hitting 55% means losing 45%. Forget the tough losses. Forget the 1/2 losses. Move on.

Recently, a fellow member emailed me with a plan to double his bankroll in one year. His plan was based on 54% winners. He will reach his goal. With the cappers at this site 54% is very realistic. One of the most important traits this member possesses is PATIENCE. Be Patient!

[frankb03]

Finally, it's not a rule but one of the most important lessons in sport betting. Learn to ACCEPT loses. Read the threads at this forum. I truly believe many bettors expect to win every game. The whining! The fix is on. ETC. Guys you can make lots of money hitting 54-55%. Hitting 55% means losing 45%. Forget the tough losses. Forget the 1/2 losses. Move on.

A member recently defined a 2-1 night as OK. Are you kidding? We'd all retire if we were guaranteed 2-1 every day. Books would close up shop is the sport bettor went 2-1.

A dime better would win $900 EVERYDAY. Who can't survive on $900 a day?

[BigWeiner]

I rarely watch the games myself, why stress, I can't change the outcome.

[roccodean]

I have created a table based on the number of games you play and the percent you expect to win. For example if you expect to bet 100 games in the NFL , if you expect to win 55% you should bet 3.9% of your bankroll where if you expect to hit 60% you should wager 6.5%. This is a 1 unit wager. If you love a game you sould wager 1.3-1.5 units. If you just like a game you should wager .7-.8 units. If you are winning or losing you should NEVER vary your unit bets (always consider your original bankroll no your new bankroll).

[ham]

Just bet different amounts on different games those people who bet the same on each game never win...pick your spots

[Coach_G]

Just a word of advice for the newbies. As you can see, i bet very small compared to some other members. I love Capping games and the thrill when a game starts, but I know at the end of the day, if my play tanks, my bills are still paid, food is in the fridge, and my savings are not touched (although I really want to win all my bets)

Bottom Line is My Family is safe and Secure. I sometimes bet as low as $ 5 on a baseball game , the thrill is still there.

As Coach I urge you to be carefull and do not bet with money you do not have. You will get into trouble for nothing and many other problems arise. I have seen too many people go down that road, aint worth it. Sorry for the long post, but if I can help one person here, it was worth it.

[wayne1218]

Just a word of advice for the newbies. As you can see, i bet very small compared to some other members. I love Capping games and the thrill when a game starts, but I know at the end of the day, if my play tanks, my bills are still paid, food is in the fridge, and my savings are not touched (although I really want to win all my bets)

Bottom Line is My Family is safe and Secure. I sometimes bet as low as $ 5 on a baseball game , the thrill is still there.

As Coach I urge you to be carefull and do not bet with money you do not have. You will get into trouble for nothing and many other problems arise. I have seen too many people go down that road, aint worth it. Sorry for the long post, but if I can help one person here, it was worth it.

Great post and i'm with ya'. If what you are betting stresses you out in any manner, you are betting too much money!