I never claimed any type of management system can turn a loser into a winner. I do however believe that poor money management can turn a winning capper into a broke capper.
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I never claimed any type of management system can turn a loser into a winner. I do however believe that poor money management can turn a winning capper into a broke capper.
Nailed it. Great post.
So which method do you subscribe to?
A gambler with a TRUE edge will NEVER knock himself out of the game if he utilizes proper Kelly criterion. With that said, you have to evaluate your own goals. If you only have $1,000 and you can...
May have misstated what was said in the article. I was trying to go from my memory, but here is a link to the article...
https://www.drbobsports.com/essays.cfm?p=5
From the article...
Talk...
Even +EV bets can have long losing streaks!
Recently read an article on money management and in the article they interviewed a former sportsbook manager who claimed 20% - 30% of handicappers can...