The Lock Talk - Newsletter #45

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TLT SPORTS BETTING SCHOOL
BANKROLL MANAGEMENT 101 - RECORD KEEPING

Prior Bank Roll Mgmt. Lesson Emails:
- Part I - What is Bankroll Mgmt.?
- Part II - What is a Unit?
- Part III - Different Betting Styles
- Part IV - Dealing with W’s & L’s
- Part V - Record Keeping

Keep track of your bets & get better at our lesson from above by clicking the link HERE 

• Scale Bets Proportionally with Bankroll Changes:

  • If your bankroll increases from $1,000 to $1,200, consider increasing your typical bet from $20 (2% of $1,000) to $24 (2% of $1,200).

  • Conversely, if your bankroll drops to $800, reduce your bet to $16 (2% of $800).

• Decrease Bet Size When on a Losing Streak:

  • After a losing streak that reduces your bankroll by 10% (e.g., from $1,000 to $900), decrease your bet size proportionally.

  • If you were betting $20 per game, reduce it to $18 (still maintaining the 2% rule).

• Gradually Increase Bets After Consistent Wins:

  • Following a winning streak where your bankroll grows by 15% (e.g., from $1,000 to $1,150), you can cautiously increase your bet size.

  • If you were betting $20 per game, you might increase it to about $23 (still around 2% of your new bankroll).

• Avoid Chasing Losses with Larger Bets:

  • If you lose a bet of $20, resist the urge to place a significantly larger bet (like $40 or $50) in an attempt to quickly recover the loss.

  • This strategy can deplete your bankroll rapidly. Stick to the planned betting size of around 2% per bet.

• Regularly Reassess Bankroll to Adjust Betting Strategy:

  • Schedule a monthly review of your bankroll.

  • If it grows by 20% (e.g., from $1,000 to $1,200), consider adjusting your bet size from $20 to $24.

  • Similarly, if it decreases, reduce your bet size accordingly to maintain the same percentage of your bankroll.

Incorporating these specific dollar and percentage examples helps to provide a clearer and more practical understanding of how to adapt betting strategies in response to changes in your bankroll.