Gambling heaven
Rule 1 Money Management This is the most important rule of all. It is a must for horse players and all people involved in gambling. If you are serious about making money gambling you must incorporate a money management system. I define a money management system as a determination of how much money is safely [...]
By way of example, let’s say you have a bankroll of $10,000. If you ‘optimize’ your bet in a simulation using techniques like, optimum f or the Kelly criterion, then your total bankroll will fluctuate more violently than if you size your bets with a simple 1% total bankroll bet. The ‘optimized’ simulation may draw [...]
Friday, February 10, 9:40 am