FLAT BETTING : When to recalculate your bet size as your bankroll changes ?

[iparout]

Hi. I have been betting on a daily basis for 15 full months and, unfortunately, after 10 winning months (out of 12) I have bumped into a consecutive 3-month losing streak that made me reconsider my betting approach and bankroll management. I am using level stake betting, risking 2% of my bankroll on each bet. I make around 220 bets per month, apart from June-July when most leagues are on vacation so my bets are around 30-40. Weekends are the most busy days (as expected) with about 25-30 simultaneous bets on Saturdays and around 20 simultaneous bets on Sundays. Up to now, I recalculated my 2% bet size after 1000 bets (i.e. after 4 months) but this 3-month losing break almost lost me my entire bankroll since I ended up betting a very big percentage of my roll. Thus, I was wondering, when is the best time to recalculate this 2% per bet as the bankroll changes ? It is impossible to do it after each bet since I have 20-30 simultaneous bets every weekend. I was thinking of adjusting my bet size after each day, but I don't know if this is the best way to go : Losing streaks are followed by winning streaks and vice versa, so when a losing streak occurs (usually after a winning streak), I will start losing much money and also, when a winning streak comes (usually after a losing streak) I will be betting very few on each bet, thus resulting in a very slow comeback. I was thinking of adjusting my bet size each month, but I am still not sure if this is the best way to go. What's your opinion, based on my betting habits ? Thanks !

[MPLouis]

Re: FLAT BETTING : When to recalculate your bet size as your bankroll changes ?

when is the best time to recalculate this 2% per bet as the bankroll changes ? It is impossible to do it after each bet since I have 20-30 simultaneous bets every weekend. I was thinking of adjusting my bet size after each day, but I don't know if this is the best way to go : Losing streaks are followed by winning streaks and vice versa, so when a losing streak occurs (usually after a winning streak), I will start losing much money and also, when a winning streak comes (usually after a losing streak) I will be betting very few on each bet, thus resulting in a very slow comeback. I was thinking of adjusting my bet size each month, but I am still not sure if this is the best way to go. What's your opinion, based on my betting habits ?

I wouldn't worry too much about this. The discipline of sticking to approximately 2% is the main thing, not how or when you change it as your 'bank' changes. I try to stick to 2% myself, and tend to change it when the bank reaches certain amounts. If I start with £100, then I change it when it either declines to £50 or rises to £200. So at £100, stake would be £2, if it goes down to £50 I reduce it to £1 and if it goes up to £200 then I increase it to £4. 10 winning months out of 15 suggests you are doing well, but it's always worth analysing what worked for you and what didn't to see what lessons you can learn.