March 2016 Monthly Review +$24,780.00

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  • Michael

    Hi Steve,
    May i ask you which Betting Bank in total you have? I sae that you place bets between 500 – 2000 Dollars but how big is your total betting Bank for year 2016?
    King regards
    Michael

  • I have different bank sizes for each different model. I’ve found that a 150-200k bank covers all bets and gives me enough peace of mind when going through a bad run. I started with a 25k bank and 25k as a backup, I was betting way too much compared to my bank size early on.
    My bets now range from $100-$15,000, but the average is about $1,300 according to my spreadsheet.

  • Michael

    Hi Steve,
    Thanks for your answer!
    Ok so your average bet size of 1300 goes confirm to the typical bankroll managment. 1300 Depend on a 150-200k Total Betting Bank means around 1% in average for each bet which is very save i would say 🙂
    But is maximum bet of 15k not a bit too much? That means 10% of your total betting bank…you not afraid that this is too high?
    I always read that maximum bet should be not more as 2% of total betting bank…do you not agree with this?
    Thanks in advanve and King Regards,
    Michael

  • 2% rule is a fairly good rule. But those 15k bets are on the NFL and AFL models, which I stake much higher and have a bigger bank then other bets. Those bets are about 7% bank size bets, my risk tolerance is much higher then most AND (and this is critical) I can deal with losing runs.