Following this type of Bankroll Management Plan will ensure that you invest a higher percentage of your bankroll on certain games / matchups and using certain strategies. And a lower percentage on others. This type of bankroll strategy is what professional sports gamblers like Billy Walters use to help stay focused on making a profit and prevent the dreaded "tap city". The structure of this very sound plan is split up into 3 steps.
Any successful Sports Gambler knows it's all about Bankroll Management Step #1:
(PW) 4% of bankroll 20% of the time.
(PW) stands for "Prime Wagers".
For example: If your bankroll is $400 then your prime wagers will be $16 (4% of $400).
Prime Wagers will be made in 2 out of every 10 games that are bet on average.
Prime Wagers are the best plays of the day. They don't have to be a sure shot that is "suppose to be" much the best. For example: A Prime Wager can be a win bet on a True Odds Overlay.
a Top Pick or Best Overlay that looks solid, etc, etc.
As mentioned in several other articles it is highly recommended that the player has
a separate bankroll for win bets and exotics.
Please Note:
Every player should have a "win bets bankroll" first and foremost. If the
player has a decent size overall bankroll it can be split up for win bets and
exotics and each exotic type wager gets a bankroll.
For example:
A player has a $1000 overall bankroll. $400 of that becomes the win bets bankroll,
$300 becomes the exacta bets bankroll and $300 becomes the pick 3 bankroll, etc.
If the player does have a large enough overall bankroll to split, it is
recommended that at least 40% of it becomes the "win bets bankroll". The
rest can be divided into the exotic wagers that are desired most by the player.
It has been proven by many experts over the decades that win bets are
the most productive type of wager.
Step #2:
(RW) 2% of bankroll 50% of the time.
(RW) stands for "Regular Wagers".
For example: If your bankroll is $400 then
your regular bets will be $8 (2% of $400).
Regular Wagers will be made by the player in 5 out of every 10 games on average.
Regular Wagers are nothing special like prime bets but are still worth playing. They can be a
win bet using the Conservative / Powerful Betting strategy strategy, etc.
Step #3:
(AW) 1% of bankroll 30% of the time.
(AW) stands for "Action Wagers".
For example: If your bankroll is $400 then your action bets will be $4
(1% of $400).
Action Wagers will be made by the player in 3 out of every 10 games on average.
Action wagers are basically bets just to have "action". Since many players only wager on the weekends or such, they don't like to pass a game.
This is acceptable as long as a small percentage
of bankroll is wagered on these games. It is ideal to actually pass certain
games when you are not liking the line but many players simply choose not to.
Summary:
(PW) 4% of bankroll 20% of the time.
(PW) stands for "Prime Wagers".
For example: If your bankroll is $400 then your prime wagers will be $16 (4% of $400).
Prime Wagers will be made in 2 out of every 10 games that are bet on average.
Prime Wagers are the best plays of the day. They don't have to be a sure shot that is "suppose to be" much the best. For example: A Prime Wager can be a win bet on a True Odds Overlay.
a Top Pick or Best Overlay that looks solid, etc, etc.
As mentioned in several other articles it is highly recommended that the player has
a separate bankroll for win bets and exotics.
Please Note:
Every player should have a "win bets bankroll" first and foremost. If the
player has a decent size overall bankroll it can be split up for win bets and
exotics and each exotic type wager gets a bankroll.
For example:
A player has a $1000 overall bankroll. $400 of that becomes the win bets bankroll,
$300 becomes the exacta bets bankroll and $300 becomes the pick 3 bankroll, etc.
If the player does have a large enough overall bankroll to split, it is
recommended that at least 40% of it becomes the "win bets bankroll". The
rest can be divided into the exotic wagers that are desired most by the player.
It has been proven by many experts over the decades that win bets are
the most productive type of wager.
Step #2:
(RW) 2% of bankroll 50% of the time.
(RW) stands for "Regular Wagers".
For example: If your bankroll is $400 then
your regular bets will be $8 (2% of $400).
Regular Wagers will be made by the player in 5 out of every 10 games on average.
Regular Wagers are nothing special like prime bets but are still worth playing. They can be a
win bet using the Conservative / Powerful Betting strategy strategy, etc.
Step #3:
(AW) 1% of bankroll 30% of the time.
(AW) stands for "Action Wagers".
For example: If your bankroll is $400 then your action bets will be $4
(1% of $400).
Action Wagers will be made by the player in 3 out of every 10 games on average.
Action wagers are basically bets just to have "action". Since many players only wager on the weekends or such, they don't like to pass a game.
This is acceptable as long as a small percentage
of bankroll is wagered on these games. It is ideal to actually pass certain
games when you are not liking the line but many players simply choose not to.
Summary:
On any given weekend (Thurday to Monday) - 16 NFL Games - the player will have 3 games for Prime Wagers, 8 games for regular wagers and 5 games for action Wagers.
The player will become proficient in determining how to categorize each matchup with experience.
Taking notes really helps to accomplish this. This 3-Step Bankroll Management Plan is conservative however this type of focus will enable you to stay in the game and make a profit.
If you have ever found yourself with empty pockets and having to take some time off from wagering you might seriously want to work this "conservative plan".
If you are serious about making a profit this plan is also definitely for you!.
The player will become proficient in determining how to categorize each matchup with experience.
Taking notes really helps to accomplish this. This 3-Step Bankroll Management Plan is conservative however this type of focus will enable you to stay in the game and make a profit.
If you have ever found yourself with empty pockets and having to take some time off from wagering you might seriously want to work this "conservative plan".
If you are serious about making a profit this plan is also definitely for you!.
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