What's more important to you? Money management or decent handicapping skills?

[larryacraig]

Yes you obviously need both but what's more critical to your livelihood? There is no right answer. Would you rather win at 60% with no money management or at 55% with great money management?

1, 2, 3 ....... GO!

[pat venditto]

Fail.

[RockBottom]

I weigh them evenly. Decent handicapping skills are not as important if you don't have the money management skills.

[SlickFazzer]

all depends on volume. you can be 60-40, 60%

or you can be 540-460, 54%

its all about profits, what gets you the most profit

your bank account only knows $$$, not winning %

[ryanXL977]

money management is important
the people here who think they can pick winners are smoking ass

[larryacraig]

all depends on volume. you can be 60-40, 60%

or you can be 540-460, 54%

its all about profits, what gets you the most profit

your bank account only knows $$$, not winning %

OK...so i see a lot of touts and even some here on the boards putting down 5 dimes on one game and 50 on another and so on.

Do you guys think this is simply money system based or are there true ways to cap games and determine the betting value....NO GANCH you can't play. I don't understand a thing you say.

[jayc88]

no money management will kill you in the long run , even if you hit 60 %

[SlickFazzer]

Money management is of most importance.

[reno cool]

of course having an edge is most important and objective measure.

money management is a subjective, often misleading issue.

[larryacraig]

of course having an edge is most important and objective measure.

money management is a subjective, often misleading issue.

Misleading? Your theory sir?

[reno cool]

Simply put, if you have a true edge you're expected to win that % of all money wagered.
If you have a negative expectancy you will lose in the long run regardless your money management strategy.

Now you can increase your chance of winning by aiming to win a smaller amount. Thats all a money management system does. Thus it becomes a matter of personal needs or preference. I've argued before that Kelly for example does nothing more than that.

[BobHarvey]

Money Management.

[SlickFazzer]

Simply put, if you have a true edge you're expected to win that % of all money wagered.
If you have a negative expectancy you will lose in the long run regardless your money management strategy.

Now you can increase your chance of winning by aiming to win a smaller amount. Thats all a money management system does. Thus it becomes a matter of personal needs or preference. I've argued before that Kelly for example does nothing more than that.

Yes, Reno. But you have to take into account the context of the demographic of this thread. Most here could not calculate +EV or know what their winning % is from their last 1000+ plays.

For recreational players using a simple system like 2% of bankroll for each play will suffice and keep them in the game.

[reno cool]

I think recreational or those playing with a -edge should consider betting a large % of bankroll, make fewer bets, aim to bet longer shots, all in an attempt to give volatility a chance to help them make a big score and retire.

[frostno98]

Money Management only when your losing, increase bets size while your streaking

[TodaysAction]

Flat betters need a higher capping skill. No winner, no cash.

Non-flat betters can get away with it by using a money management program. Fewer winners, but more cash.

[pat venditto]

Today's Action and Frostno are the winners of this thread. Or should I say most clueless.

[c-rok]

Money Management doesn't mean shit all if you can't actually win bets.

I'd rather be a great capper than a disciplined gambler that lost on his capping skills

[BestPlay2day]

Much better to be a 55% bettor with great money management than a 60% bettor with no money management skills.

[Matt Rain]

Handicapping skill is utterly overrated, unless all you bet is openers.

Guesstimating your edge and staking accordingly is more important.

[pavyracer]

Without handicapping skills you can't have money management because you won't know how to assign units to your plays.

[reno cool]

Much better to be a 55% bettor with great money management than a 60% bettor with no money management skills.

very hard to believe. 60% will yield such a high edge that you could only loose if you intend to bet an extremely high % of bankroll. And even if you chose such an approach you would give yourself a fair chance of making a fortune and reaching betting limits before going bust....but this is not something one would intuitively do.

55% gives a good chance of losing regardless of your betting strategy.

[reno cool]

Handicapping skill is utterly overrated, unless all you bet is openers.

Guesstimating your edge and staking accordingly is more important.

I wont disagree with this just because "guesstimating" may in fact yield a higher edge than traditional handicapping. But only for that reason. In fact it's an approach I like.