money management help

[gump]

i lost a ton of money last year and i lost a good amount of money last week

my problem is money management i have spent some time trying tofigure out how get it under controll i have two that i like but dont know wich is better if you have one that works please let me know

first one is i will bet $10
the goal is two win 2 out of 6


once i win two i then start over this i like but the profit vearys wich i dont like
this one is the same 10 bet
but all i need is to win one game out of 6 wich is prety real

first bet is 11
sesond is 22
thrid is 33
fourt is 77
fitheh is 125
i win one game then it will start over

please let me know what you thinks all thoughts are wecome good or bad

thanks

[Will]

Gump, it seems ur post got swamped up in the news about Sportingbet. plc CEO being arrested, as reguards to money management i suggest you play the same game at the same unit, or go smaller. be consistant. 6 games a day is too much imo. try picking some early games and if those do well and u seem satisfyed with ur early plays add on to your card from there. GL

[alby]

^^^
solid advice

[BigdaddyQH]

I have to agree with Will. What your system fails to do is allow for a losing streak. They are going to happen. You must allow yourself enough room to survive the losing streaks so you can maximize your wagers when the winning streaks come around.

[gump]

no it's not 6 game a day its a game a day

[GFootsXtreme]

> MINDSET: The goal is not to get back your money you lost. It's gone. Until that is clear, don't bet at all. Chasing losses is a recipe for disaster. As soon as you can honestly say you're starting over again today, then get back in. Until then lay off.

> BET SIZE: You are not justifying why your bet sizes increase, and that is the main killer of your bankroll. Make your bet unit size the same for every bet.

> # BETS: Follow the advice given above, 3 bets per day is plenty.

> STRATEGY: Stabilize, then go for bigger $$$. Get yourself picking 50-50 first and then try changing things up a bit i.e. make one of your 3 plays a 2 unit bet and see how things go.

[gump]

BigdaddyQH i think that th on the first on i need two win 2 out of 6 game thats 33%of the games if it would go past i would start over the
2nd on i need to win 1 out of 6 is .17% to make a proit and i would start over if i could not win a game

[gump]

GFootsXtreme iam not trying to argu i am trying to understand if i would go 50-50 i am lossing money if i would have one bet worth 2 unist and loss i break even. last year i had 1unit 2,3,and 5 i am trying to get away from that it did not work for me. my 1 and 2 units would do good but i lost a ton on my big game. so i am trying to get somthing figured out i dont wont a nother lossong season thanks If I would go 50-50 in any of these programs I would make money

[kahlmyishmael]

well... regardless, you're using a progression system in an environment where you are paid off at less than true odds...

...just as the discovery of the calculus demonstratively established that it was impossible to square the area of the circle...

..it is the branch of math known as "probability/statistics" that proves no progression system will work, in the long run, when one is being paid off at less than true odds.

FIND A GOOD CAPPER ON THIS FORUM(JonnyBlaze is one...ask for the names of others.....bet 2% on each game per Fatman and Jerome) and then...

..be patient---Neither Rome nor Bankrolls were built in a day

[dave nz]

Originally Posted by GFootsXtreme

> MINDSET: The goal is not to get back your money you lost. It's gone. Until that is clear, don't bet at all. Chasing losses is a recipe for disaster. As soon as you can honestly say you're starting over again today, then get back in. Until then lay off.

> BET SIZE: You are not justifying why your bet sizes increase, and that is the main killer of your bankroll. Make your bet unit size the same for every bet.

> # BETS: Follow the advice given above, 3 bets per day is plenty.

> STRATEGY: Stabilize, then go for bigger $$$. Get yourself picking 50-50 first and then try changing things up a bit i.e. make one of your 3 plays a 2 unit bet and see how things go.

[gump]

thanks for the replys thanks