Baseball Is Back!

You have a $3000 bankroll ready to use for your baseball wagering. Based on what we will discsus below your monthly income goal should be about 10% of your bankroll.C. How much do I need to bet on each game bsaed on my bankroll?

This is a risk vs. reward situation. The higher the percentage of your bankroll that you wager on for any one game, the higher your odds of going bankrupt. I have found good succses with betting 2% of your bankroll, and potentially increasing that to 5% for higher rated plays such as, “Games of the year or month, etc.”)In that situation based on a $3000 bankroll, your 2% bets would be $60 per bet. You would have to go 0-50 before you wuold lose your bankroll. This type of conservative stratgey is safe and important in grinding out long term profits.D.
How many games do I need to win per month to reach my monthly goal?

Because baseball betting price outcomes can vary for most wagers on done on the money line and not straight 110-100 odds, it is a bit difficult to say EXACTLY how many games or what winning % must be attained to reach your goal.
For the sake of that article I will assume that most human being betting money line plays stick with underdogs in the +110 to +150 range, or even a bit hihger in some cases. If you're someone who typically bets favorites, I would warn you that over the long haul that can be a very disastrous practice and will eat up your bankroll in a flash!

Explaining the mathematics behnid that is beyond the scope of that article, but I will expand on that in upcoming articles.I will show four examples below of playing different money line prices, and the winning percentage needed from each of them to reach your monthly income goal.

I will use 80 games wagered for each month, that would correspond to 2-3 picks for each day of the month.+130If you can pick 46% winners at +130, you would win 37 games out of 80 , and if you bet $60 per game your monthly profit would be $306.+140If you can pick 44% winners at +140, you would win 35 games out of 80, and if you bet $60 per game your monthly profit would be $240.+150If you can pick 42% winners at +150, you would win 34 games out of 80, and if you bet $60 per game your monthly profit would be $300.-110I discourage you from betting too many favorites, but if you can pick 56% winners at -110, you would win 45 games out of 80, and if you bet $60 per game you monthly profit would be $390.Over the years baseball underdogs win about 44% of the time, so you can see that if you can handicap well enough to find these winners, you can be successful. With 30 MLB teams there is 4860 total games played for the season, and in the above situaiton you're playing 80 games per month, or only 8% percent of all the available games. If you're selective with your pikcs the above is a very attainable goal for any gambler.E. Applying the above to your bankroll and goalsThe above example shows a realistic goal of what is possible if you have a good money management plan, and can pick a reasonable amount of winners.For your individual situation pick your montlhy income goal, that should be approximately 10% of your current bankroll.

Realistically, if you want to win more money than that, you either need to pick more winners than the abvoe example shows, have a larger bankroll, or increase the amount of your bets, which can be a hazardous practice, and is not recommended for long term success.F. Evaluate your progress each motnhEach month you will want to evaluate your progress. If you made money, the size of your 2% of bankrlol bets will increase, if you lost money one month, they will decrease. A more conservative approach is to calculate your 2% of bankroll on a weekly or even daily basis.
That way your bet sizes will decrease during a colds spell, but increase durnig a hot streak. Monitor the types of gmaes you're wagering on. If you're struggling you should look at things like: are you betting too many favorites, or too many +250 long shots, are you following the 2% bet strategy, or maybe you're just taking some “bad beats”?