Managing bankroll
lumpy19
Senior Member
hypothetical #1
newer bettor learning how to gamble
10k post up
2k credit
Is your bankroll 12k or 10k?
hypothetical #2
veteran gambler with a proven history
100k post up
20k credit
Is your bankroll 120k or 100k?
Curious to see what people think
newer bettor learning how to gamble
10k post up
2k credit
Is your bankroll 12k or 10k?
hypothetical #2
veteran gambler with a proven history
100k post up
20k credit
Is your bankroll 120k or 100k?
Curious to see what people think
Comments
Would treat it like it's a cash account with 20% margin, just like a stock account...if it goes the wrong way better watch out and be ready to handle it, and as with margin use it to your advantage in any and all +EV situations. So my answer would be the higher amount is available to maximize returns, so the higher amt. when prudently used
If they do, then it should be counted as "bankroll" and the numbers should be adjusted (based on the definition I use).
No other money
I define my bankroll on my spreadshet. It is a fraction of the credit available to me with my locals and considerably larger than the amount I keep in my Pinnacle account.
If this guy has no other money, then his bank roll should be more like 1k and 10k. Keep the other 90% to live.
I'm pretty sure lumpy meant no other money to put towards gambling, not no other money to his name.
I love this answer.
Really good analogy and not something I had thought of, good post.
I'd say hypothetical #1 the guy has a 10k bankroll because he is a newer bettor and we don't know if he's a winner yet.
Hypothetical #2 he(or she) has a proven history, I'd argue he has a 120k bankroll.
Some good answers in here, I'd like to hear how other people treat their credit accounts as part of their bankroll.
10k and 100k than.
what would change that is if the 100k bettor is making plays at +ev at which point it would obviously be prudent for him to use all resources available to maximize returns as stated.
thus my only problem with they second hypothetical is if that is the only money he can lose and be done he must not be a +ev bettor.