Optimal bet size (and the advantage of small bets).

[Agbe]

Add it to what you have said, as sports betting, the method that is good for you might not good for another person. And it is not for big or small. It is very interesting when you use small amount to win big amounts. Some of us used $100 and split it to bet on 20 games and once one game cut then the ticket is over and the gambler lose all. While some used the whole $100 for one odd. The issue here is not even the size of the game but the strategy use because every gambler wants to win and not to lose. I have won like $300 with small odd. Many people lose  ig amount because they want to win big so they stake with big amounts.

[rachael9385]

One tricky thing about gambling and prediction is that when you are betting on a long games, while predicting the long games along the line you might get tired and start adding some of the games your mindset is not settled with. That is why in most of our game we play the first 5 games (or 10) will be in our favor while the other might be on red. Basically, this is the reason why I stake low on long games and stake high on shorter games so that I could be able to reduce the risks.

_{Cut of}

You are right but we still need fo understand that no odds is sure because anything can happen just the way odds can increase and reduce. However, the only thing that could make some gamblers to stake high on some games is only when they checked that the team and it's players are of a good performance and the opposite will not be in a good position to play with the stronger team.

[Charles-Tim]

Many people lose  ig amount because they want to win big so they stake with big amounts.

I noticed that when I take one match, I do win. I think all single matches that I have bet on this year, I won all. But whenever it is parley, I lose. I used $50 like 4 weeks ago to bet on parley, the winning amount was $370 or so. I lost the match. I have always lose parley as usual but there are some 2 matches that I won several time. But when it is getting to 3 matches or more, I do lose it. But be it a single match, I prefer to use small amount of money to bet. If the amount is getting high, it is not good also. I prefer to win small amount of money than to lose high amount of money.

[Oluwa-btc]

I will be writing about sports betting here, not casino games. Let's discuss what the optimal bet size is depending on the profit expectation. Most likely, different strategies allow different percentage values ​​of a single bet as a percentage of the entire bankroll.

Talking about bet size I think your talking about the amount you can afford to lose and that's why you mentioned from 1-5% which is quite a good decisions cause betting small gives you added advantages of wins alot times, tho you ought to know losses ain't exempted as well but when you bet with small amounts it keeps you on the safe sides, tho some gamblers think your betting amount works greatly in giving you bigger wins but then you ought to stick to betting small.

[Dr.Bitcoin_Strange]

I think this can be said to be a strategy in gambling which allows the player to enjoy a long time of playing and also stand the chance of being luck more occasionally. Like the example you gave, although reverse can be the case in the sense that the player can still win 40 bet and lose 60. It can varies because every day is not usually the same.

[Slow death]

In my case, I always prefer to choose many games and then carefully analyze each game and then choose only the games that I see that I have a good chance of winning. If, for example, there are 20 games and I only see that only 1 game is ideal to bet on, then I will only place one bet. I prefer to win a little but win, than to keep betting on 20 or 100 games but knowing that most of the games I am not very sure that I will win. Honestly, in my opinion, even if you create any strategy, in the long run the house always wins. That is why I keep making sports bets for fun. I do not put a lot of money on each bet because that way my bankroll, which is small, allows me to bet for a long time.

[Saint-loup]

This image of a cigar box is a good illustration, but a candy box or a box of chocolates would even be more understable. When you mix 2 kind of things and you blindly pick some of them, you can get only one kind of them, despite picking a large number of them, because randomness doesn't exclude series, and hazardous order. They have same likelihood to happen than other combinations actually. It illustrates well how works wining and losing streaks at a 1:1 ratio I think.

[Weawant]

If the winning whenever gotten doubles up so much that it covers for the losses then we can agree to saying it's an effective strategy so a 60/40 win rate wouldn't be regarded as a bad one but gamblers who always look and always make sure to maximize profit in rhia manner gets to make thw most of gambling with their strategy, my taught has always making sure that stake is at a 1:4 win rate so for every win it covers up for losses if there was any preceding the wins. I believe by the time you make four moves one should come through id you aren't lucky.

[Darker45]

Overall, I'm of the opposite opinion and observation. It seems to me that the longer you bet, the more likely you will lose. Such is the reason why betting to recover is futile. Instead of recovery, you'd have a bigger loss in the end. For me, profit comes early and not after placing a thousand bets. By that time, you're already losing.

Also, I don't find it logical that bets should be uniform in size. It's not as if all your bets have 50:50 chance of winning. If it were so, then we can have equal sizes of bets. But since you're betting on odds as low as 1.10 or 1.15 and odds as high as 3.74 or 4.00, then the size of your bets should also be adjusted.

[Julien_Olynpic]

The weak point of this strategy is that it is difficult to find such a large number of quality bets. However, I would like to write about this. Many bettors misunderstand the principle of 1000 bets. You should not focus on this number, you should focus on small bets. We need the number 1000 simply to illustrate the example that if your strategy is winning and the advantage is small (~ 57%), then this advantage will only reliably manifest itself on a large number of bets. Perhaps this will happen even in a few years. But the main advantage of low bets is that they allow you not to lose your deposit in the event that an unfavorable dispersion of your average value occurs.

[Su-asa]

Not everyone has the patience for this type of betting system because it's going to take a lot of time, the only advantage you can have with this is minimizing your losses. Small bets are the only way to ensure that your losses are reduced. Staking low and waiting for a big odd to play out is a good strategy. Gamblers double their stake in most cases to recover what they have lost and most they end up losing more money. Gambling is not something you are certain about so take risk that are within your capacity.

[Botnake]

The weak point of this strategy is that it is difficult to find such a large number of quality bets.

Sounds like this approach is more about placing many bets rather than focusing on just a few, which makes sense if you think long-term. Honestly, 1,000 bets isn’t that much with this mindset. Like in the NBA season, I could easily make over 1,000 bets, averaging about 10 a day.

The goal is to keep a win rate of at least 57%. If we do that, we profit as long as we stick to good bankroll management. Both are key: without solid bankroll control, even a good win rate won't guarantee profit in the long run.

[Smartprofit]

The weak point of this strategy is that it is difficult to find such a large number of quality bets.

Sounds like this approach is more about placing many bets rather than focusing on just a few, which makes sense if you think long-term. Honestly, 1,000 bets isn’t that much with this mindset. Like in the NBA season, I could easily make over 1,000 bets, averaging about 10 a day.

The goal is to keep a win rate of at least 57%. If we do that, we profit as long as we stick to good bankroll management. Both are key: without solid bankroll control, even a good win rate won't guarantee profit in the long run.

Yes, that's right. To make a profit, you must simultaneously fulfill two conditions.

The first condition is not to lose your entire bankroll (budget for the game).
The second condition is that the amount of money you win must exceed the amount of money you lose. A large number of small bets allows you to fulfill the first condition.

The overall effectiveness of the strategy allows you to fulfill the second condition. As a result, a player using such a strategy will be able to make a profit in the long term.

[Julien_Olynpic]

Not everyone has the patience for this type of betting system because it's going to take a lot of time, the only advantage you can have with this is minimizing your losses. Small bets are the only way to ensure that your losses are reduced. Staking low and waiting for a big odd to play out is a good strategy. Gamblers double their stake in most cases to recover what they have lost and most they end up losing more money. Gambling is not something you are certain about so take risk that are within your capacity.

Yes, minimizing losses is very important. I have already written that even a good strategy has dispersion. In other words, for a strategy to show good results and be reliable, a large number of bets must be made. But at the very beginning, you may be unlucky. And even though you adhere to a good strategy, you may have a long series of failures that will kill your bankroll. And there will be a paradoxical situation: you have a profitable strategy, but this strategy killed your bankroll. It would be funny. If it were not so sad. However, there is another way that allows you not to reduce bets too much. You must greatly increase the predictive ability of your analytical research. However, in practice, this is extremely difficult to achieve.

[Cryptmuster]

Sounds like this approach is more about placing many bets rather than focusing on just a few, which makes sense if you think long-term. Honestly, 1,000 bets isn’t that much with this mindset. Like in the NBA season, I could easily make over 1,000 bets, averaging about 10 a day.

The goal is to keep a win rate of at least 57%. If we do that, we profit as long as we stick to good bankroll management. Both are key: without solid bankroll control, even a good win rate won't guarantee profit in the long run.

Making more bets does not mean having a better chance of eventually getting a profit, 10 bets a day is too much, and if you assume that you will play so intensively at least a few days a week, then personally I would get tired of it very quickly.

And here it is also important what is the average odds of your bets, if it is small, then 6 winning bets out of 10 may not be enough to cover the losses from the lost bets, so I would like to hear more specifically about the odds and the bet size. I don't see the point in playing with small odds, with small bets, otherwise it just turns into entertainment without the risk of losing something, but you will not be able to win anything significant either.

[mammusu]

Not everyone has the patience for this type of betting system because it's going to take a lot of time, the only advantage you can have with this is minimizing your losses. Small bets are the only way to ensure that your losses are reduced. Staking low and waiting for a big odd to play out is a good strategy. Gamblers double their stake in most cases to recover what they have lost and most they end up losing more money. Gambling is not something you are certain about so take risk that are within your capacity.

In gambling we should have a more thoughtful approach so that we can make decisions that will not make us lose money in gambling, so it is very important for us to make decisions that are relevant in betting, because it is important to have a strategy that can minimise risks, so maybe starting from small bets and waiting for big opportunities is a safer way and can help reduce losses in my opinion, You may see it as a waste of time but I think it's important to look at the odds realistically and not blindly, but on the one hand I agree with some of what you said, because doubling down to try to recover losses is often risky and can lead to bigger losses, so it's important to always bet according to our financial capacity.

[Julien_Olynpic]

Sounds like this approach is more about placing many bets rather than focusing on just a few, which makes sense if you think long-term. Honestly, 1,000 bets isn’t that much with this mindset. Like in the NBA season, I could easily make over 1,000 bets, averaging about 10 a day.

The goal is to keep a win rate of at least 57%. If we do that, we profit as long as we stick to good bankroll management. Both are key: without solid bankroll control, even a good win rate won't guarantee profit in the long run.

Making more bets does not mean having a better chance of eventually getting a profit, 10 bets a day is too much, and if you assume that you will play so intensively at least a few days a week, then personally I would get tired of it very quickly.

And here it is also important what is the average odds of your bets, if it is small, then 6 winning bets out of 10 may not be enough to cover the losses from the lost bets, so I would like to hear more specifically about the odds and the bet size. I don't see the point in playing with small odds, with small bets, otherwise it just turns into entertainment without the risk of losing something, but you will not be able to win anything significant either.

You didn't quite get my point. Nobody forces us to make many bets per unit of time. The point is to simply use small bets of 1/1000 of the bankroll. In this case, your clear advantage will only manifest itself over a long distance, which corresponds to a large number of bets already played, conventionally this corresponds to the number 1000. This is a manifestation of the law of large numbers. Small bets are needed to protect against unfavorable dispersion. That is, small bets allow us to save the deposit when luck is not on our side. In addition, I wrote that we mean a strategy with a small win. The approximate ratio is that out of 10 bets, 6 are winning and they somewhat exceed the size of 4 losing ones.

[Cryptmuster]

You didn't quite get my point. Nobody forces us to make many bets per unit of time. The point is to simply use small bets of 1/1000 of the bankroll. In this case, your clear advantage will only manifest itself over a long distance, which corresponds to a large number of bets already played, conventionally this corresponds to the number 1000. This is a manifestation of the law of large numbers. Small bets are needed to protect against unfavorable dispersion. That is, small bets allow us to save the deposit when luck is not on our side. In addition, I wrote that we mean a strategy with a small win. The approximate ratio is that out of 10 bets, 6 are winning and they somewhat exceed the size of 4 losing ones.

I got the gist of it, the answer to many bets per day was on the post above, which said that he can make ten bets per day on the NBA and have a good profit, for me it looks too complicated in the sense that after a few days of such an intense game the player can burn out.

As for the bet size, I agree that the smaller part of the deposit we risk, the easier it is to play, but even in this case it all depends on the size of your bank, one player's bankroll can be $1000 and he will risk a bet of $1, and another player's bankroll can be $10,000 and the bet size can be $100 (in this case, the bet will be 1% of the deposit - more often than not, this ratio is enough for safe play for experienced players).

We were talking about the odds because you say that 6 out of 10 can be winning, but in this case the size of the odds is important so that the winnings can cover the losses, otherwise if it is a small odds, the loss will be higher even with 6 winning bets.

[EarnOnVictor]

I will be writing about sports betting here, not casino games. Let's discuss what the optimal bet size is depending on the profit expectation. Most likely, different strategies allow different percentage values ​​of a single bet as a percentage of the entire bankroll. You often see the opinion that the size of a single bet should be from 1 to 5%. This is a logical opinion, but I came across an interesting argument that quite logically justifies lower bets.

Yes, this is a logical opinion, and it's subjective as well. Gamblers can do whatever pleases them but anything that is preaching the safety of the account should never be disregarded. For instance, 1 to 5% risk will give your bankroll a tough time to ruin, so if you are a good bettor, you might just be having fun while the income rolls in without stress. Because, what causes the most losses with sports bettors is the aggressive approach, they are too greedy and want to win everything at once, but gambling is not like that, it needs you to add good budgetary plan and proper money and risk management to it for you to be calm and be in control, not emotion of using big portion of your bankroll at once.

[stomachgrowls]

Not everyone has the patience for this type of betting system because it's going to take a lot of time, the only advantage you can have with this is minimizing your losses. Small bets are the only way to ensure that your losses are reduced. Staking low and waiting for a big odd to play out is a good strategy. Gamblers double their stake in most cases to recover what they have lost and most they end up losing more money. Gambling is not something you are certain about so take risk that are within your capacity.

Im a long time bettor into sports specially on NBA and its true that with this kind of betting in regarding about small bets in terms of amounts then its not something that a bad thing either.
Minimizing loses will really be your main priority but we do know that not all gamblers or bettors does have that kind of patience. There are even to those people who do allocate a certain amont
then make a single or couple of bets into this aspect on which there's no way that they will really be trying out to make those kind of division and trying out to minimize as much as they can.
If you do have this kind of strategy and you are really seeing that you could be able to enjoy your betting and gets entertained then its not really that bad at all. If you are really just that
wanting or liking the way you do bet and on that bankroll management then it isnt really that a bad idea at all. Its your money then it will really be that up to you on how you do make out such bet.