Wednesday, June 9, 2010

When to Change Your Bet Size

Let's say your bankroll is $1,000. This is the amount you have set aside to bet. You decide you are comfortable betting 3% per game ( remember you can use between 2% and 4%). That would make your bet size $30.00.

You can increase your bet size if you are making money. So if you take your account up to $1,500 , 3% of $1,500 will become your new bet amount. That would make your new betting unit(size) $45.00.

On the other hand, let's say your account temorarily drops to $900.00. You do not adjust your betting size downward. You keep it at $30.00. We only adjust our betting size when our account goes up in value. If you drop your bet size because your bankroll has gone down, then you will need a higher percentage of winners just to get back up to breakeven.

Since your bet size is only 2%-4%, you have enough of a buffer zone to make up for any loses without having to reduce your bet size.

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