Notes

What is the difference between bankroll and the management of money?
I'm sure you have heard statements like "if you don't possess good financial management skills, then you'll never win'; or what do you feel that'money management is more crucial than the selection strategy used'; or even 'you won't win if you don't have the right financial management skills'.
A certain group of gamblers will never cease to boast about the virtues and benefits of managing money. They believe that'money management' will magically transform their failed strategy into one that is profitable. All they need to do is alter the way they stake. It's the same as Jess going on a night out with Nicole Kidman.


Now I realise, that I may be inflicting a bit of a snare somewhat here, especially if you too have been deceived by the people who believe in these two words. As with everything that I have written this is simply an opinion and you are free of course to ignore completely the things I've written.
I admit that I probably should not really feel the way I do. I'm telling you, I experience some very negative thoughts that enter my mind whenever those two words are spoken.

What's all the fuss about? What exactly is the distinction between bankroll management and money management?

The term "money management" (in my view) is when a player is trying to earn profits from any type of gambling using some sort of betting strategy. It doesn't matter what type of game you select (horse racing or craps sports betting , etc.), losing if you bet blindly is a sure way to be lost. That means that if you place your bets on the number 7 at the roulette wheel for long enough it is likely that the casino will win. We might get lucky in the short term, however it will all be over within a half-reasonable time period.

But, if you believe you can win one of these games by purely changing the amount that you stake per race/bet/spin/hand etc, then you are still playing in a losing position. That means you're trying to control your money in order to beat the game. You are playing a bad game, and trying to win by staking.

It is obvious that we can make the majority of gambling profitable if we use our knowledge and skills. Certain games are more challenging than others.

The management of your money is the ultimate decision about what to put your money on once you have chosen a profitable strategy.
It is important to think about the way you place your bets when you win.

In essence, it's the main difference. People who attempt to beat a game solely through staking are using money management. It may be great entertainment, I'm not saying that however, it's not great for your wallet.

It would be stupid and arrogant to ignore the fact that the entire idea of stakestaking can be quite controversial. Millions upon millions of punters will claim (or many punters) that you can make a losing strategy profitable by clever money management. If that is the case, then please, don't allow me to stop you. Any punter should continue to pursue the strategy that is most effective for them. Simply put, if your strategy for staking works for you and you are successful, then by all means, take it to the next level and keep going.

However games to play would prefer using proven approaches to bankroll management. The management of your bankroll is all about how to maximize the profit potential of a strategy. It is not about how to stake your way to success. If you don't have a profit-making approach, then there is NO way that you can find a profitable approach through simply staking your selections differently. It's not a theory, or a guess - it is a proven mathematical reality that's been in use for more than a decade!

It is their responsibility to decide whether they are willing to accept the evidence that has been shown to work or if they prefer to dismiss the evidence and claim that it isn't working (as many punters have politely told me).

When considering website is necessary to be asked if it were feasible to beat an impossible game just by staking, it would have been one of the most intriguing mysteries in the world of how casinos could be allowed to exist. Casino games, like, roulette have much lower house margins, than say, the horse races and sports betting, or keno. For example the house advantage for roulette is 2.7 percentage, which is compared to 15 - 25 percent for horse racing and 5% – 10 percent for betting on sports. Therefore, if it were likely, you would think that casinos would be the first ones to be cleaned. Wouldn't you?
However, I will tell you, when ones livelihood is based on these kinds of decisions, I feel much more confident in choosing strategies that may be mathematically proven to be efficient, even if it is not a good idea, rather than to rely on hunches and hot streaks. My experience is that hot streaks and hunches do not provide food for the table.

If you are playing a tournament most of the above is not applicable. Because an entrant is directly playing against a different opponent, this is the only exception of the general rule. click for more info is a good idea to try an alternative staking strategy based on the position of your opponent. When playing a tournament, such as a casino blackjack or roulette tournament simply playing in a calm and steady way will more often than not result in you maintaining, or possibly expanding your bankroll to some extent. In order to win these tournaments you need to be more aggressive in order to beat other players.

In conclusion, if money management is your forte and you think that games like roulette are beaten simply through staking, you're more likely to be accepted by any casino.

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