To play with the use of the “going after” you should at first seriously decide some points. For example, the object of the “going after” (what event and how to go after it), the subject of the “going after” (the team which will be gone after) and the moment of the beginning of the “going after”. Besides you have to determine your bank for the “going after” and your winning (it means what you want to get).
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The Kelly criterion is used not only in the gambling games, but even at the exchanges. This method is the only one, which has the mathematical basic and that’s why it is used by a lot of different players. But during the use of this method two big problems appear at the same time.
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The experience is very important in the art of the betting in sport. To choose the events for betting right is often the main part of the winning. But this is the most difficult too.
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Continuation about Martingale betting system. Today we’ll talk about Kelly criterion. I will also provide example with good overview ;-).
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Martingale is the most well-known financial strategy, which was at first done for the using at the casino. With this strategy you can always be on the plus side even if you lose often. But, this strategy has a high risk, and if you use it thoughtless it can lead you to the financial crash. (more…)
Here I would like to say more about not to bet at all strategy. About the risk, results and some thoughts.
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Of course, though this system sounds banal enough, it can be used. The main its difference from all other systems is that the worse the gambler plays the more money he gets. Let’s decide what the advantages of this system above all other are.
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You should know that the function of the average pure income for the fixed percent depends on the coefficient, and it depends in that way, how the function of the sum of the stake depends on the coefficient and its dependence is reverse.
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Here, in comparison with the usual flat, not the sum of the stake is fixed earlier, but the sum of the “pure” income from each stake. And the sum of the stake varies depending on the coefficient and determines with the formula:
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The fixed sum of the stake, also known as the flat-betting – is the easiest and the most real strategy to use of all the strategies of the financial management. Its sense is in the betting the same sum of money on each stake, not depending on the event you’ve chosen.
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