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- #826
Roby you're trying to demonstrate a money making scheme.
You obviously need to tell people your staking plan, which you're finally now doing.
Without a staking plan you'd just be whacking the same amount on each game - which you're not.
There's a reason your stakes vary, you obviously are more confident about some results.
If you're making claims about bank increases - which you always have - it's impossible to do so without telling anybody the starting point.
I don't need to tell people about my staking plan because my staking plan is different to yours, and the next guy and so forth.
And my staking plan my change next year depending on success, circumstances, heart condition.
The best thing I can offer is a multitude of advice on how to stake, using a Kelly system for example, different methods, long and short term staking plans, etc..
For example, a person who is just interested in seeing what kind of results it produces I'd say how much money would you not notice if it fell out of your bank account? $500? Whatever the amount it doesn't matter because you don't feel like your risking anything.
If your looking at a long term investment option then the amount and the percentage staked will depend on:
- what are you long term goals?
- how much money do you want to make?
- how long do you want to invest it for?
- Do you want to take money out and different times?
These question may differ over time.
If you dire financial straits and needed to get out financial black hole really quick than you may decide to stake aggressively and over 30% of your bankroll each week as opposed to someone who is looking to just pay for world vacation in 2018 for the family staking 10% a week.
As the amount you stake will depend if you are on the dole, someone working and has 50K spare in their cheque account or if they are wealthy tycoon with several ferraris your staking amount will change because money means different things to you.
We could talk about it all day and there is whole other host of issues like gambling successfully has it's own problems. For example thinking you have won $x amount when in fact you have won $x-$y amount. Many gamblers like to count their winnings and forget their losses, not a good idea for obvious reasons but if you've had big win it's easy to go then waste than money quickly by spending it too quickly, overbetting the following time, or losing it somewhere else.