Hey guys,
was talking to a fellow sports gambler today (who does quite well for himself) and he showed me his MM plan. It makes a ton of sense, so I thought I'd post it. It's not a secret or anything (after googling money managment, you'll find similar ideas).
The idea is to only bet 2-3% of your BR on each bet, never more. So if your BR was 1000$, you'd bet 20$. He doesn't re-evaluate his bet amount until he's increased his BR by 25% (so when he's BR got to 1250$, he'd change he's bet's to 25$. Also, he never lower's his bet, even during a losing streak, he's stay at his current bet amount.
Just a note ;)
Matt
PS - Admins, if you would rather this post be in the sports section, feel free to move.
Hey Matt
The best staking plan when betting with an edge is Kelly betting.
% of highest bank non-reducing, like your mate does, I believe as well is the next best.