EppleySports

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.

A quick recap.  Example is team A is -120 and team B is +110.  Three ways to bet: 1) Traditional - risk 120 to win 100 on team A or risk 100 to win 110 on team B; 2) Risk same amount - bet 100 on either team; 3) To win same amount - bet to win 100 on either team. For a more detailed explanation, it was covered in an earlier post. So which way is best?  First, let's look at why the traditional way of betting doesn't work,  Let's say you bet 2 games.  Game 1 you bet 120 to win 100 on a favorite, and game 2 you bet 100 to win 110 on an underdog.  If the favorite wins and the dog loses, you break even.  If the dog wins and the favorite loses, you lose -10.  So the only way for you to win is for both games to win. But now let's say you bet the same 2 games using method #2 above.  So now you bet 100 to win 83.33 on the favorite and 100 to win  110 on the dog.  If the favorite wins and the dog loses, you lose -16.67.  If the dog wins and the favorite loses, you win +

In money line sports (baseball, hockey), should you bet more on a favorite?  Let's say team A is -120 and team B +110.  The traditional way of betting is to bet $120 to win $100 on team A, or bet $100 to win $110 on team B.  But there are other ways of betting: -Bet $100 on either team.  So $100 to win $83.33 on team A, or $100 to win $110 on team B.  This style of betting values underdogs more than favorites.  It also lets you bet large favorites without having to risk any more than $100.  However, this style of betting is generally preferred by guys who bet mostly underdogs. -Bet to win $100 on either team.  So $120 to win $100 on team A, or $91 to win $100.10 on team B.  This style of betting values favorites and underdogs about the same.  A slightly different version of this style is to add 10% to the underdog win amount.  It lets you bet large underdogs with less risk than the other betting styles.  A +250 dog would be $40 to win $100, or $44 to win $110.  So which