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Author Topic: Bankroll Management Challenge!  (Read 8706 times)
bitcoinprofit
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August 27, 2016, 11:33:54 PM
 #1

Testing this method...wager only 5% of bankroll every bet...

All information and picks given out are for informational and entertainment purposes only. This information is not intended for any use which might promote any illegal activity or violate any of your local, state or federal laws. I do not share in any gains, nor am I liable for any losses that may occur as a result of the use of any information, recommendations, opinions, or picks provided. Although I may display past results, past performance is not a guarantee of future results.

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August 27, 2016, 11:37:04 PM
 #2

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  Smiley





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fullypak
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August 27, 2016, 11:37:15 PM
 #3

Testing this method...wager only 5% of bankroll each time...

Gambling is for fun and you already know that we can't win at the end than it is good to fix the amount how much we can lose for the day. % depends on individuals because if someone got a very little amount than 5% may not be sufficient for them to play so you should at least tell what is your current bankroll.
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August 27, 2016, 11:48:21 PM
 #4

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.
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August 28, 2016, 12:00:19 AM
 #5

This is a good way to start. You should never bet more then what you can afford to lose e.g your bankroll.
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August 28, 2016, 12:13:27 AM
 #6

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  Smiley

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.


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SyGambler
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August 28, 2016, 12:31:58 AM
 #7

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

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August 28, 2016, 12:33:55 AM
 #8

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.
SyGambler
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August 28, 2016, 12:41:34 AM
 #9

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

hatshepsut93
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August 28, 2016, 12:49:01 AM
 #10

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.

stiffbud
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August 28, 2016, 01:13:22 AM
 #11

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.
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August 28, 2016, 02:13:33 AM
 #12

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.
bitcoinmasterlord
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August 28, 2016, 02:20:28 AM
 #13

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.

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August 28, 2016, 03:48:23 AM
 #14

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.

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August 28, 2016, 03:50:23 AM
 #15

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.
Follow what ? He isn't doing tips or something I believe. He is only mentioning how he is going to follow bankroll management and make bets following a stricter roll management.


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August 28, 2016, 04:11:35 AM
 #16

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.

nothing to see here...
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August 28, 2016, 04:58:47 AM
 #17

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.
Follow what ? He isn't doing tips or something I believe. He is only mentioning how he is going to follow bankroll management and make bets following a stricter roll management.


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.

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August 28, 2016, 05:04:46 AM
 #18

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.
Follow what ? He isn't doing tips or something I believe. He is only mentioning how he is going to follow bankroll management and make bets following a stricter roll management.


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.
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August 28, 2016, 12:30:21 PM
 #19

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://bitcointalk.org/index.php?topic=1234363.0

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August 28, 2016, 02:32:21 PM
 #20

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.
Follow what ? He isn't doing tips or something I believe. He is only mentioning how he is going to follow bankroll management and make bets following a stricter roll management.
I'm sorry I misunderstood what he said at first I thought he will share his bet here in this thread just like what he does in some of his thread.

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.

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