Entries by admin

BANKROLL MANAGEMENT

For release purposes, I utilize a unit rating system as follows: 1.0, 1.5 and 2.0 with 2.0 being the strongest and the most rare. Majority of the plays will be 1.0 or 1.5 unit plays. For me personally I am quite conservative and a 1.0 unit play represents .5% bankroll, 1.5 unit play represents 1% […]

Understanding variance

While the average result was just under a four unit increase in bankroll, the difference between the best (+38 units) and worst (-30 units) outcomes is substantial. As a bettor it is important to understand variance and be aware that a 4% edge doesn’t guarantee a 4% profit. With this simulation of 100 bets, 90% […]