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Proven Money Management Techniques
These are simple points to remember, but they can make all the difference in playing the Dogs Formula:
We recommend that you wager 2% of your bankroll on each play. For example, if you have a bankroll of $5,000,
you would wager $100 per play.
The 2% Per Play Formula:
Take your bankroll amount (your account size). Multiply that by 2% (.02). Wager that amount (and no more) per play.
Example: $5,000 x 2% (.02) = $100 wagered per play (a steady $100 all season).
Play a steady unit for each game all season long. Do not play additional units on certain games that appear
to have a higher confidence rating (or visa versa).
Only play with risk capital (money you can afford to lose).
Never play with borrowed money.
Develop the Players Mindset. Here's a partial list of traits you should develop:
- A sense of calm when playing
- Ability to focus on the present reality - not getting too hung up on any particlar loss.
- Always looking to improve skills
- Keeping an open mind
- Absence of anger
- Enjoyment of the process
- Taking full responsibility for results
Life is short. Have fun and enjoy the ride!
Risk of Ruin (ROR):
Through the 2004 MLB Season, the Dogs Formula had over 2,700 plays under its belt (that is the total number of official plays
from the 2002-2004 MLB seasons). In
those 2,700 plays, the Dogs Formula had an overall
Profit on Turnover (POT) figure of 5.2% (don't confuse Profit on Turnover with Return on Investment - see our
home page for both statistics). The Dogs Formula is a
safe formula for players who play by the above-mentioned bankroll rules.
For example, wagering $100 per play with a $5,000 bankroll (2% of your bankroll), the Dogs Formula would
have to lose 50 units
during the MLB season for your entire bankroll to be wiped out. There is a better chance of Key West getting
slammed with a snow storm than seeing a Dogs Formula
bankroll get entirely depleted when risking a steady 2% on each play.
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