Question on record keeping / money mgmt
mgmhatesme
Member
Regarding record keeping standards on here and also money mgmt, wouldn't unweighting your picks mean that all picks should be judged as risking the same?
+odds should be to risk 1 unit.
- odds should be to risk 1 unit, not to win 1 unit.
This would truly by unweighting your picks.
The amount risked in a given wager is what is important in keeping a flat bet.
Additionally, Same side/total wagers for a period or half and game should not be treated as 2 separate wagers for record keeping or money mgmt purposes, correct?
+odds should be to risk 1 unit.
- odds should be to risk 1 unit, not to win 1 unit.
This would truly by unweighting your picks.
The amount risked in a given wager is what is important in keeping a flat bet.
Additionally, Same side/total wagers for a period or half and game should not be treated as 2 separate wagers for record keeping or money mgmt purposes, correct?
Comments
However, if you're looking for proper bankroll management, you should be betting more on favorites than on dogs and everything should be to win 1 unit. Risk 1.xx on favorites and .xx on dogs. Your method is risking too much on dogs and not enough on favorites.
So if you want to compare records you really should do the same. Look at all bets to win the same amount (assuming equal edge). Risking the same amount is even worse than the industry standard risk 1 dogs, to win 1 favorite.
That said, by all means, continue the higher-level (and more important) discussion of optimal betting strategy.