KidPoker Interview - April 2010 - Discussion thread

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Welcome to the discussion thread for the recently published interview with TGT's KidPoker.

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[DanielDares]

Great interview tgt/ kid, can you offer any further advice on money management in handicap betting (over and above never more than 3% of bankroll)? In fact just advice with handicap betting in general, it's something i've never explored before....

[kidpoker]

For bankroll management, I have a starting bankroll for a sport season. So lets say I started this baseball season with a 10,000 bankroll. I will never bet more than 300 on one play. Unless I was betting on a -130 favorite. Then i would be betting 390 to win 300. But I basically bet in unit size. 1-3 units per bet. So if my starting bankroll is 10,000, If I feel very strong on a play and it meets all the criteria for a bet, I will bet 3 unit or 300. If I feel very good about a play but it might not meet all criteria but most, I will bet 2 units, if I like a play, but there are some things that make me question it, i will be 1 unit or 100. I will keep this starting bankroll and unit size that whole season no matter what. This helps to control swings that happend every sports season. ALso, a big mistake people make is they get up around 50 units early, then raise their unit size, this can really kill if you have a bad swing right after. All the early hard work can be ruined in half the time. WHen i say max of 3% of bankroll also, That means on one play. I will sometimes have 5 plays in a day, ranging from 1-3 units. So could have 10% of my bankroll out at once, but on differnt plays.

Handicap betting is very profitable, but you have to really know what your doing, and betting on mainstream plays and sports is very difficult because it takes a lot of research and time to do it properly. That is why I am a wizard at prop betting and that is what i focus on. But I know of some really good handicap bettors that have been profitable and solid for many years, and i follow their plays for mainstream sport plays.

[Human123]

many thanks for your advice on handicappers kid...

just wondered what "prop" betting is though?

[Andy]

Im pretty sure it is short for "Proposition" betting. It is stuff like PlayerA to score more than PlayerB, or other bets which are unusual, or at least not betting on actual teams to win. If thats wrong im sure Kid will clarify but thats what I took it to mean.

[kidpoker]

Prop betting is betting on something other than the normal main stream bet.

So lets say the st. loius cardinals play chicago cubs. There would be a line on that game. Then there would be other bets they call prop bets. These prop bets would be anything else about the game. For example, player props. You can bet which team will have more hits/runs/errors. Or which team will strike out more. Or player props. Like one player on one team against another player on the other team, and which one will have more total bases. etc.

many thanks for your advice on handicappers kid...

just wondered what "prop" betting is though?