cougar Posted September 12, 2012 Share Posted September 12, 2012 Hi everyone, I've recently become a member of this forum but although I have some strong sources of information about 2 leagues from different countries, I'm not such an experienced punter - I mean haven't been doing that on a regular basis. Starting with this month I've decided to invest a part of my savings in betting and try to increase my incomes from this area. Therefore I would very much appreciate any advice from your experience regarding the way of staking. My starting bankroll will be EUR 1.500 (it's not so much, but for the moment it's all I can afford to lose). I decided to use 3 bookies: 2 for single bets (600+600) and 1 for parlays (300). Having a rather small budget, it's obvious that if I want to generate more profit I must have a good yield, meaning I have to reinvest my capital much more times comparing to someone who's got a far bigger betting bankroll. So I was thinking to use the following staking system: 1 - medium confidence bets => stake 3% from bankroll = EUR 45; 2 - high confidence bets => stake 4% from bankroll = EUR 60; 3 - very high confidence bets (very few/season) => stake 6.67% from bankroll = EUR 100. How do you see this strategy? It's better this way or should I stick to flat stakes only? Are staking percentages OK or should I lower/increase them? Any advice will be highly appreciated! Thanks and good luck! Quote Link to comment Share on other sites More sharing options...
Jase82 Posted September 12, 2012 Share Posted September 12, 2012 My advice is (if you want to "invest" your money) find an investment scheme ;) Quote Link to comment Share on other sites More sharing options...
cougar Posted September 12, 2012 Author Share Posted September 12, 2012 Re: Money management - starting bankroll Hey, thanks for reply but not sure if I follow correctly: is that word (invest) wrong here? I'd just like to know if I think right, that's all. Quote Link to comment Share on other sites More sharing options...
The Saint Posted September 12, 2012 Share Posted September 12, 2012 Hi.... U need to calculate your Longest or Actual losing run over how ever many bets u would expect to have over a year/season or whatever your parameters might be. Once u know that multiply it depending on how confident u r in your selections... Then divide your Total by your bank - that's your stake per bet... Probably as clear as mud! Stuck on phone! Quote Link to comment Share on other sites More sharing options...
MPLouis Posted September 12, 2012 Share Posted September 12, 2012 Re: Money management - starting bankroll is that word (invest) wrong here? I'd just like to know if I think right' date=' that's all.[/quote'] No it's not wrong, that was just Jase's opinion. I'm not an expert, but my impression is that your maximum % stakes are quite high. I have heard that the maximum should be 2% or less. To be safe, I suggest maximum 1% to start with. You would look at this thread ... http://forum.punterslounge.com/threads/133047-Money-management-on-sports-betting And there is plenty of free information about staking on the internet - try searching for things like 'staking', 'money management' and sports betting. Quote Link to comment Share on other sites More sharing options...
lunatism Posted September 14, 2012 Share Posted September 14, 2012 Re: Money management - starting bankroll Hi.... U need to calculate your Longest or Actual losing run over how ever many bets u would expect to have over a year/season or whatever your parameters might be Have you yourself done any backtesting on this system that you are starting with? Or are there at least several seasons worth of past results that you can do some testing with? By testing, I mean looking at the results, the wins, the losses, the frequencies of wins and losses, etc. Because if you have no idea about how these are spread out over the course of a season, you will probably end up screwing your bank. As The Saint suggested, you should calculate your longest losing run, at least that way, you will be able to deal estimate what kind of betting strategy would best be used with this idea you have. Somewhere on this site, somebody posted about how to calculate the likely max number of losers in a row - you should look into that too. Because using only acutal data over a short amount of time can only help a little bit. I think you have the wrong idea about making money from betting - you shouldn't start off thinking that the only way you can increase your yield is by increasing your stakes - that is dangerous, because as soon as you hit a few losses...bank could be wiped out. How are you judging the confidence of these bets? This too could be a big factor in your betting. What kind of strike rate do your very high/high/medium confidence bets have? And why are you betting on medium confidence bets? Is it because you are trying to increase your yield? What's clear to me is that you shouldn't just start with this system. Paper trial at least for 3 or 4 months (but 3 or 4 seasons worth of backtested data should be at hand too). If this is a good system/idea you have, with a few months & seasons of previous data at hand, you will be more experienced too. Good Luck and don't rush into anything :ok Quote Link to comment Share on other sites More sharing options...
betting101 Posted October 14, 2012 Share Posted October 14, 2012 Re: Money management - starting bankroll A good staking plan is important....a good system can look bad with the wrong plan Quote Link to comment Share on other sites More sharing options...
Kolo Posted October 14, 2012 Share Posted October 14, 2012 Re: Money management - starting bankroll The % of your bankroll you should risk on any given bet depends on your edge. I use 1/4 Kelly http://en.wikipedia.org/wiki/Kelly_criterion Quote Link to comment Share on other sites More sharing options...
jayalexander Posted October 14, 2012 Share Posted October 14, 2012 Google 'ratchet staking'. With an initial bank like yours, I think it would be ideal Quote Link to comment Share on other sites More sharing options...
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