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Through luck or judgment, I’ve built up a pretty solid war chest from my punting in the last few months. In the past, life expenses would dictate that I withdraw and have to start over, but now I feel ready to reinvest and keep building.
I’m looking for some bankroll management advice and some general tips. I know most people here use a confidence-based ‘points’ system for their staking, but what does that actually equate to as a percentage of your bankroll?
I am quite cautious and never risked more than 2% of my bankroll per tournament or cash game as a poker player, but how should that limit be pitched in sports betting? I feel like there are more swings, so 1% may be better, but is that too nitty?
Any general theories and advice appreciated.
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