Topic: Bankroll Management Challenge! - page 20. (Read 9230 times)
Update you status everyday so we can tell if your method is working. 5% is too big if you have a big bankroll but anyway good luck to your journey in gambling.
I think that betting 5% of your bankroll in a gambling session is being referred to the betting on sports. I cannot see how this can be applied to casinos. If you do this thing on games of chances like a casino you can see where this will end up based on Kelly Criterion. Read more here:
https://en.wikipedia.org/wiki/Kelly_criterion
Something that just crossed my mind while reading in depth the Kelly Criterion we can try this strategy on Over and Under goals which is a bet with only 2 possibilities , win or lose. I am not much of a gambler so I haven't got to this in detail but I hope someone does for the benefit of all of the sports loving bettors.
https://en.wikipedia.org/wiki/Kelly_criterion
Something that just crossed my mind while reading in depth the Kelly Criterion we can try this strategy on Over and Under goals which is a bet with only 2 possibilities , win or lose. I am not much of a gambler so I haven't got to this in detail but I hope someone does for the benefit of all of the sports loving bettors.
Testing this method...wager only 5% of bankroll each time...
did you ever hear about KC = Kelly Criterion? if not just google it
Testing this method...wager only 5% of bankroll each time...
I always see you doing different kinds of challenge and most of them ended up quite nicely like the all in or bank challenge. I'll try to follow this whenever I can and goodluck.His strategy is to limit his bets to only 5% of his bankroll. However, I don't know if that is his set strategy, or if he's going to fluctuate his bet values up to 5%, or 5% as his base bet. It would be great if you could elaborate, OP.
If not, maybe you should lock the thread if you have the answers you need and will not provide tips.
OP should post his stats after doing the challenge before locking the thread. If not, maybe you should lock the thread if you have the answers you need and will not provide tips.
What game are you playing? Dice? Are you going to change your amount, or bet 5% every time? Anyways, restricting your betting is a good strategy, so hopefully this will work out for you.
bitcoinprofit is interested in sports , he should had clarified that in the topic so people don't get lost
if you are interested you can check his thread , he usually post some picks here in the forums
https://bitcointalksearch.org/topic/sportsbooks-101-1234363
Testing this method...wager only 5% of bankroll each time...
I always see you doing different kinds of challenge and most of them ended up quite nicely like the all in or bank challenge. I'll try to follow this whenever I can and goodluck.I don't see any strategy on his post about bank roll.
-snip-
His strategy is to limit his bets to only 5% of his bankroll. However, I don't know if that is his set strategy, or if he's going to fluctuate his bet values up to 5%, or 5% as his base bet. It would be great if you could elaborate, OP.
If not, maybe you should lock the thread if you have the answers you need and will not provide tips.
Testing this method...wager only 5% of bankroll each time...
I always see you doing different kinds of challenge and most of them ended up quite nicely like the all in or bank challenge. I'll try to follow this whenever I can and goodluck.I don't see any strategy on his post about bank roll.
In my own personal bankroll management. I'll never bet an all in because it is 50/50% chance on winning and if you lose on all in you will never bet again to even your loss. I always wager only 20% of bank roll then multiply it by 2.1 in that case i'll recover my loss and have some profit. But this is always a case to case basis. You need to experiment on your own to conclude in different result.
managing your bankroll should be the only thing that you always do and also stick to it in every single bet you make.
otherwise you should not even make any bets because losses will be great if you lose the handle on your bankroll.
otherwise you should not even make any bets because losses will be great if you lose the handle on your bankroll.
Testing this method...wager only 5% of bankroll each time...
I always see you doing different kinds of challenge and most of them ended up quite nicely like the all in or bank challenge. I'll try to follow this whenever I can and goodluck.Testing this method...wager only 5% of bankroll each time...
I always see you doing different kinds of challenge and most of them ended up quite nicely like the all in or bank challenge. I'll try to follow this whenever I can and goodluck. Testing this method...wager only 5% of bankroll each time...
I don't know if that is a good method or not but I am sure you can not always follow that. There will be a poit where you will be tempted to bet a bit higher more becase you are sure that you are going to win.That is true and most us will face this issue at some instant while gambling and when we go to that face and mostly we will lose more money than making money. So gambling I always consider as a fun game instead making some profits from it. But somehow I'm in profits from sports betting.
What game are you playing? Dice? Are you going to change your amount, or bet 5% every time? Anyways, restricting your betting is a good strategy, so hopefully this will work out for you.
bitcoinprofit is interested in sports , he should had clarified that in the topic so people don't get lost
if you are interested you can check his thread , he usually post some picks here in the forums
Ah I see, yes, with betting only with 5% every time, combined with sports betting, is a good way to profit. I'll check out his pick threads, if they're good and win most of the time, he definitely can profit a lot.
Testing this method...wager only 5% of bankroll each time...
I don't know if that is a good method or not but I am sure you can not always follow that. There will be a poit where you will be tempted to bet a bit higher more becase you are sure that you are going to win. Testing this method...wager only 5% of bankroll each time...
The more bets you make the more you will see negative effect of house edge, gambling is about "all or nothing", you can't expect to be in profit over the long run.
What game are you playing? Dice? Are you going to change your amount, or bet 5% every time? Anyways, restricting your betting is a good strategy, so hopefully this will work out for you.
bitcoinprofit is interested in sports , he should had clarified that in the topic so people don't get lost
if you are interested you can check his thread , he usually post some picks here in the forums
What game are you playing? Dice? Are you going to change your amount, or bet 5% every time? Anyways, restricting your betting is a good strategy, so hopefully this will work out for you.
well in poker bankroll management is the first step on the success journey , I don't know much about sportsbetting but I think the same applies to it
cause as long as you have a high win rate you should be able to beat it by betting the same amount on each match
like when the match has something like X2 odds , then you should be sure that your pick will win more than 50% of times
if it won then cool , if it lose then it's just variance and you should make money by repeating the process in the long run
I don't know if there is anyone here who is making a living by betting on sports , maybe he should share his thoughts
cause as long as you have a high win rate you should be able to beat it by betting the same amount on each match
like when the match has something like X2 odds , then you should be sure that your pick will win more than 50% of times
if it won then cool , if it lose then it's just variance and you should make money by repeating the process in the long run
I don't know if there is anyone here who is making a living by betting on sports , maybe he should share his thoughts
That is what you should always do. It's the best way to manage risk in gambling.
That way, even if you lose, you won't lose it all
That way, even if you lose, you won't lose it all
But that ways when you win, you won't win as big as you would want to. I follow strict bankroll management myself, but I don't suggest doing it as a recreational gambler as you won't get far when the house edge starts kicking in.
This is a good way to start. You should never bet more then what you can afford to lose e.g your bankroll.
Gambling management is somewhat personal habit and you shouldn't be enforcing something that works for you on others.
I am talking about hard numbers here. 5% of bankroll could be $1 for someone and $4000 for someone else.
I am talking about hard numbers here. 5% of bankroll could be $1 for someone and $4000 for someone else.
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