New philosophy on betting

[ROBB MACK]

HEY GUYS,

I AM IMPLEMENTING A NEW THEORY ON BETTING. INSTEAD OF SENDING 500 AND BETTING 5 GAMES FOR A 100, I AM GOING TO PICK ONE STRONG GAME AND BET 400-500 ON IT AND HOPE TO KNOCK IT DOWN. ANY THOUGHTS?

[ravenmaniac]

Money management is the key to long term betting. Your making a mistake in my opinion betting 400-500 a game, unless you have a $50,000 bankroll

[Art]

Take a $20,000 Stake. It is essential to be well financed.

Start off with $50 bets.

If you win, ease up in being more selective, and expect to lose.

When you lose some, double up and catch up but be more selective.

As you double up and keep losing, be prepared to bet $5,000 a game to recoup. Eventually you will hit and recoup, more likely before you bust out.

If you recoup, start all over with $50 bets.

If you bust, start saving your next stake.

Another way if your stake is small: Do as you described - make one bet. Wait until the right one comes along. If it hits, bet only your winnings in small bets and pocket the rest. Quit when your winnings run out and return next year. Only fools wil keep betting beyond this, but gamblers are fools.