Strategies for Percentage Bets

[ScooterPi]

Hi Guys - 

I've been thinking about working with my bets more as a percentage of total balance. 

Does anyone else use this method for size of bet? If so, what is a good percentage to play with? 

Interested to hear what works (or doesn't work) for you all

 

[lolipant]

depends.

on large balance i'd bet max only 1% of my balance at most (and doesn't raise the base bet), may raise the payout tho 

on low balance (such as less than 50k sat) i'd go with normal martingale (depends on how much risk i'm willing to take) but usually don't use it for too long (and stop when i'm reached a specific amount or lose like half of them)

[JackBoi]

I usually try to bet like 10% if playing bj lmao, ima risky guy 😜

[jualid]

I think it's called bankroll management and it's a good strategy. I saw pro gambler use this strategy for a long run gambling.

[Mateusz]

Well my beloved strategy for 99x, just bet 1% of your balance 100 times on 99x. If win, stop, calculate 1% again and go, if lose, well, gg xd

[lopesjimbo]

i would like to try the suggestion in here

[Kate]

I would go with 50-50 in dice if you have a good balance and 20 if you have a bad balance 

[jualid]

On 9/9/2018 at 6:24 PM, BLXN said:

I tend to go for the sweet spot, just above profit margin - 6.6x @ 28% on loss provides a good return if you're patient - starting balance ~500k. 

How about the base bet and how many red streak you can got? If the result is good, i want to try it too.

[williamshennie9]

That is a very good strategy to use

It depends on the probability of the game you play.

If you play blackjack, dice 2x, or games with a 50% chance, then I usually go with 1% or 0.5% of my account balance, and I am prepared to lose up to 5%.

If you play games with high payouts, eg. mines, hilo, dice 100x etc. Then, the percentage needs to be much lower. Possibly as low as 0.001% of your total balance, adjusted according to the multiplier you have chosen.

Hope this helps

[maverick528]

For 2X games (for example betting red/black in roulette) and using martingale strat, I already posted this formula where you put the amount of your balance and the number of rolls you want to survive, and it returns the amount of the base bet....

 

https://forum.stake.com/topic/7090-some-basic-martingale-maths/?tab=comments#comment-93794

 

[wry]

Back when I would try martingale I would take my bankroll, enter it in the bet area and then hit 1/2 ten times.  That was my base bet, so a pretty small percent.  It worked great until it didn't and I had a run of 10 reds (not that uncommon) and was wiped out.  That made me so mad it got me to quit gambling completely for a month or so.

Since then I've focused more on having a reasonable win target, say +50% of my bankroll and when hitting that then stopping.  It seems to work better and base bet is less important, just how impatient I am going to be.

Good luck and be careful.

[ScooterPi]

Good advice - next time I have an amount to play with, I plan on using a percentage strategy....but with a hearty dose of intuition for stop loss purposes!

 

[fvanb1]

i try to play on many different game with the martingale system so i start with a low bet , let's say 5 % of my total bank and when loosing start to play double , but i must be honest and say that it most doesn't work for me , like you say , better play with intuition

[jualid]

16 hours ago, fvanb1 said:

i try to play on many different game with the martingale system so i start with a low bet , let's say 5 % of my total bank and when loosing start to play double , but i must be honest and say that it most doesn't work for me , like you say , better play with intuition

Martingale strategy is not good for long run mate, it's good for a short run but it's better to not use it for long run.

[roannedave]

i do around 10% of my bankroll

[Beercat]

Martingale is great for stories, every gambler has epic tales of the last roll that broke them. Most important is not to mind losing your whole bankroll, that's what gambling is about!

[louiesampras]

should learn bankroll management first

[gemmasimpsons]

3 percent might be ideal.

[cococrunch]

On 9/6/2018 at 12:11 AM, ScooterPi said:

Hi Guys - 

I've been thinking about working with my bets more as a percentage of total balance. 

Does anyone else use this method for size of bet? If so, what is a good percentage to play with? 

Interested to hear what works (or doesn't work) for you all

 

yes i always start low and martingale only until 4k coz i thnk its ok to lose 4k coz i know i can recover it, but if i bust 8k i dont think i can recover from it that fast, i start with 1 sat and martingale

[mimiglow]

On 9/6/2018 at 12:11 AM, ScooterPi said:

Hi Guys - 

I've been thinking about working with my bets more as a percentage of total balance. 

Does anyone else use this method for size of bet? If so, what is a good percentage to play with? 

Interested to hear what works (or doesn't work) for you all

 

diving my balnce in to 18 and that will be my base bet then martingale

[OneEyedKing]

I Bet 3.5% of my balance each bet

[jualid]

On 9/16/2018 at 8:40 PM, cococrunch said:

yes i always start low and martingale only until 4k coz i thnk its ok to lose 4k coz i know i can recover it, but if i bust 8k i dont think i can recover from it that fast, i start with 1 sat and martingale

Martingale is not good for long run mate, just remember to stop when you got some profits when using martingale.