The Ultimate Money Management System

Written by Administrator

In creating the ideal money management system, it became rather obvious that it would have to have a safeguard for the Wal-Mart bettors, but at the same time, not hamper the bettor who is more comfortable making two or three bets per day by having them wager too little on each game to reach maximum profits.

We will use 4% of our bankroll as our base figure, but then subtract .1% from our bet size for every additional wager we make after our first bet of the day. (If we wager on just one game for the day, our bet size will be 4% of our bankroll.) For example, if we are going to make five bets for the day, our bet size would be 3.6% of our bankroll (4% - .4%) and if we are going to make 11 bets on the day our wagers would become 3% of our bankroll on each play (4% - 1%).

It’s important to stress when using this method all of our wagers for the day will be the same size, as we only recalculate our wagering amount once per day. Using a calculator, this can be done in a matter of seconds, so that we can spend more time handicapping games or shopping for the best lines.

What we are essentially doing is using the half-Kelly method, but adding an element that takes the number of games bet into consideration.

Those who have access to an online sports book will have no problem following the method exactly as described, as online books are just as willing to accept a bet for $106.45 as they are to accept a $110 wager, while those using private bookies are likely to have to make some minor adjustments to their bet size so that it is an even amount.

Using this money management method doesn’t assure a sports bettor of huge riches, but it is the first step in having a profitable season.

To view the full article please go to this website:  http://sportsgambling.about.com/od/advancedtheory/a/moneymanage.htm