When to Raise / Lower Bets
I explained earlier that you shouldn't ever risk more than 1% on any game. So a bankroll of 10K would be a $100 maximum bet. If you like to use different levels of betting, then always reduce the first level below 1%. So if you have 1 unit bets and 2 unit bets, the 1 unit might be 0.5% and the 2 unit bets 1%. But should your maximum bet always be $100 with a 10K bankroll? What you want to do is raise your bet when you're winning and lower it when you're losing. You can do this by recalculating your 1% every day. Example: 10K bank, 1%=100 bet. You bet 3 games at -115, +105, +130. In yesterday's post I explained how to bet these games. So you would bet 100 to win 86.96 at -115, 114.29 to win 120 at +105, 92.31 to win 120 at +130. Let's say they all win for a total of +326.96. Now your bankroll is 10,326.96, so 1%=103.27. So you would bet 103.27 on any favorite. But don't forget to add your 20% to small underdogs so you would bet 107.76 to win 123.