10-22-2007, 11:59 AM
Just was searching through the net and came across this Article. Everything written on this article is completely true and for any begginner, this would be your bible. Pretty much straight forward and i am pretty sure most of us use this method, i know i do, although, i use to be very wreckless.
Take a look:
10-22-2007, 12:35 PM
"The bottom line: Remember, bet 2% - 5% of your bankroll on any given game (more often on the low end of that range). A good rule of thumb is about 3% per game. If you aren't as sure on a game, drop it to 1% or 2% and if you feel very good about a game, take it up to 4%. For those once or twice in a season games that you absolutely love, go with 5% but never more."
Very sound strategy, completely agree.
Tbh, 3% as the rule of thumb is very high imo. Of course, there's the bank/capital definition discussion but if the bankroll is the fundamental investment capital that you are prepared to lose, 1-2% in average (and as a flat rate) is standard for professional gamblers, and I would advise beginners to move between 1-3% with 1% as a point of departure. When you have proven that you can obtain a yield of 5-10% (hopefully closer to 10%) over a period of time, you can take up the percentage to 1.5% or 2%. And I would advise beginners to bet with flat rates (same stake every time) in the first phase as you have to prove that you can obtain a sufficient strike rate.
Not playing Mr Know-it-all here, but I do find 3% as an average stake much too high, esp.ly for beginners.
10-22-2007, 06:27 PM
good read mate, thanks.
i thought it was talking directly to me when the 1st line said "you are betting too much"
really got to stop that.
It depends the size of your bank. I like to keep a bank of about £1000 and I sometimes stake about 50% of that. I can afford to lose this, so it doesn't bother me hugely if it loses but I have kept up a steady profit over the last 2 years. I do trade a lot which I think is really good to do in tennis due to the amount of swings there is in matches.