Great stuff.
I really enjoyed the read there.
I have read through so many forums about how 1% or a very smal few actually win at gambling and how the odds are stacked against us.
1. I would really like to know if anyone has any FACT on the % of bettors who actually make aliving wagering. I would assume its in the 30-40% range.
2. All of the points you made are so crucial to success. Its not about how much you make today, its about how much profit you turn over the season.
3. To add to money management, I think goals should be set. Especially in a long sport like mlb. Set a goal for 10 units and when that is achieved, you have your profit. Now you can re-evaluate your goals. You can stop or you can continue, but the discipline is there which is key.
4. I have heard that 2-5% is what your should risk per play. I understand why you would risk that little because when you go on a cold streak you want to limit your losses, but My perecption of a bankroll is an amount that I am willing to lose to reach a return. I wager 10%. Its very aggressive and some may see it as foolish, but once I hit +10 units, thats 100% return.
Also, I know that I am capable of winning ata 55-58% rate at worst. I had some good success in football last year(knock-on-wood). So you can judge how you feel you are and determine what your % should be. |