Betting Size vs. Variance/Risk?

[nuuuitsjdragon]

I’ve been trying to find out how to calculate the optimal bet size but it seems like most calculators are geared towards Sports Betting. 

I’m confused as hell since the games involved (Plinko, Keno, Video Poker) have different results for different risk settings.

How am I able to work out what % portion of my current balance should I ideally bet & do I factor in my stop losses? 

Also, if my balance decreases due to losses - do I have to recalculate it at intervals? 

Any professional mathematicians please help! 😫



 

[BLXN]

don't use formulas for anything but guidelines, man -- unless you're really keen on playing longterm numbers, and autobetting without supervision .. gambling is intuitive, and seldom does following a mathematical design work against a PRNG-- different scales applied at different times according to the perceived behaviour of the algorithm is the best I've come up with. just sayin. there's no such thing as too low of a bet, as long as you know when to raise.

[Enzo]

As a rule of thumb I try to be 1/10th my balance. That's on games like crash/dice. But if I'm playing Plinko or something similar wher eyou go for high multipliers. I will usually bet %1-3 of my balance to give me a lot of roles. Sometimes even less depending on balance.

[barbaris]

Your math won't help you here. Just play as your intuition tells you and your inner voice. I always put different rates and they do not depend on my balance, it seems to me that it suits me.

[williamshennie9]

It would depend entirely on the probabilities. A low multiplier (or chance of a team winning), for example, 1.5x chance, would warrant a larger bet than a team unlikely to win with a high multiplier.

[Kingcashedout]

Theres no mathematical solution thats gonna allow u to break stake.....you go high ....your balance goes low....you drop ur bet low ur high multipliers start hitting ....you reraise ur bet u bust.....so u re depo n go low n u still bust ...u re depo n decide to go really high  n ur either gonna bust or cashout with a big smile on ur tace

[echang426]

Honestly, when it comes down to it, I just play based on my experience and instinct. I usually do well enough on Keno betting 1/50th or 1/100th or my bankroll depending on how lucky I get.

In the end you'll still need luck or else you'll always bust before you make it anywhere substantial to profit

[carlosxddd]

I wish there was a formula, but no ... I agree that you just follow your instinct and have fun