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Tuesday, June 3, 2008

TheMoneyPrinter | Don't Be A Loser

TheMoneyPrinter Don't Be A Loser: "Pro sports gamblers tend to have a lot of bets compared to non-professionals. Note that winning 55% of 500 bets is actually more profitable than winning 65% of only 50 bets.
More importantly, a bettor is more assured of achieving his expected win percentage over a larger total number of bets, and with more bets and smaller bet sizes, the 'ride' is much smoother, less risky, and more predictable. Generally speaking, non-professional sports gamblers go wrong by risking too much of their bankroll on individual bets. They don't spread their risk over enough bets. Professionals use smaller bet sizes in proportion to their bankroll over larger numbers of bets.
As a matter of fact, one good way to spot a non-pro is that he invariably has less than a half-dozen bets per week, and he risks more than 20 percent of his bankroll on each bet.
Ideally, you must place 8-10 bets a day, and not risk more than 2.5% of the 'first block bankroll' per bet, in order not to exceed 25% of the net running total and to obtain optimal results"

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