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Do you change your strategy when you’re down money?

flyingillini

flyingillini

Joined
Jul 25, 2022
Messages
28,692
I apply more variance to each play and that usually gives me the edge, works most of the time. I appreciate and cherish the variance calculator that @KVB graced his followers with.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
18,319
Do you change it up with betting amounts?

You should change your bet size the least amount and least often that you can.

Changing your bet size will change your breakeven point, and usually not for the better.

There are some exception, like partial Kelly betting, but that's a different level and different faith in your confidence and edge estimation, something we don't see much of around BMR.

So most should heed the advice and only change their bet size when they've stepped up or stepped down to a predetermined level of bankroll.
 
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