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Tag archive: money management

Money Management in The Betting World

Money management is a very important part of the betting world. In order to advance from a recreational better to a professional one, you need to establish a monthly betting bankroll and learn how to divide it into several bets. The bankroll represents the money that you are left with after you cover your monthly expenses.


The Kelly Criterion

The Kelly Criterion is a rather simple money management betting system. However, in order to make use of this system, you must be very thorough with your sports analyses so that you can deduce an accurate probability of winning. This system is not recommended for recreational betters.