1. 12-13-11 09:51 PM #1
    tractortrailer
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    It's all about Money Management

    No matter how good you are and how many winners you can pick in a row it really does not matter unless you have proper money management. When it comes to sports betting this is all that matters. Leonard Tose could win 99 games and through a hail mary on the 100th and lose it all as he did on the Philadelphia Eagles.

    So my think tank advice is device a system if the 2% doesnt work for you than try something different. It's all about paying your tuition in sports and that tuition bill may be hundreds of thousands of dollars but once you find a system that works for you, fits your personality, and can be managed properly than you have a good thing going.
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  2. 12-13-11 09:51 PM #2
    warriorfan707
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    Doesnt even have to be 2%

    Can even do 10% if you are good
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  3. 12-13-11 10:38 PM #3
    u21c3f6
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    One should first find and/or develop and know their edge. Once one has an edge, then one should learn money management to exploit that edge.

    Joe.
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  4. 12-14-11 12:13 AM #4
    chunk
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    Quote Originally Posted by u21c3f6 View Post
    One should first find and/or develop and know their edge. Once one has an edge, then one should learn money management to exploit that edge.

    Joe.

    Truth. Discipline and patience are also keys to being a long term winner.
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  5. 12-14-11 03:27 AM #5
    andywend
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    No matter how good you are and how many winners you can pick in a row it really does not matter unless you have proper money management.
    Tractortrailer, this statement is absolutely LUDICROUS.

    The ability to pick winners whether it be sports betting, stock investing is FAR, FAR more important than money management will ever be.

    It doesn't matter if you have ************* management skills if you have no idea how to accumulate wealth.

    People very often inversely correlate money management with risk taking.

    You'll NEVER get anywhere in life without taking calculated risks just like you'll never win some big poker tournament if you sit back and wait for monster hands.
    Last edited by andywend; 12-14-11 at 03:27 AM. Reason: I'm not sure why the word PERFECT was blocked out
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  6. 12-15-11 09:30 AM #6
    tractortrailer
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    Okay pick winners and take calculated risks and than lay it all down on one game because you dont have proper MONEY MANAGEMENT.
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  7. 12-15-11 03:18 PM #7
    LT Profits
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    You obviously need both but the pecking order is:

    1 – Pick Winners
    2 – Money Management

    The best money management in the world won’t help you if you can’t identify +EV plays
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