Bank Percentage strategy is more related to financial management, rather than strictly than playing against a bookie. But then again, every bookmaker firm strives to make their clients spend their money quickly and this strategy helps to negate their intentions.
The strategy is designed to make bets of a certain size, depending on the current state of your banking account. It is thought that if you make relatively small bets (relative to your current bankroll) then even with the most pessimistic forecast on outcomes, the bookie you’re playing against won’t be able to beat you quickly.
The rules of the strategy are as follows:
-
If you have no more than $100 on your account, the size of your bet cannot exceed 10% of the sum;
-
If you have no more than $200 on your account, the size of your bet cannot exceed 15% of the sum;
-
If you have no more than $500 on your account, the size of your bet cannot exceed 20% of the sum;
-
If you have no more than $1000, the size of of your bet cannot exceed 25% of the sum.
Every time the bet is concluded (regardless of the outcome), the size of the bet has to be recalculated in accordance to the current total bankroll.
It’s worth noting that many money management strategies employ much more strict recommendations about the size of the bet. However, remember that small bets won’t yield significant profit, which significantly decreases the interest to the game. On the other hand, for the beginner bettor, the smaller the bet - the better.
