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Money Management

Being a successful sports bettor is as much about managing your bankroll as it is picking winners.  Knowing when to press your bets or scale back separates the serious bettor from his/her counterparts.  I figured it only made sense to share a few of my thoughts on the topic including an explanation of why everyone needs to have a basic understanding of the Kelly criterion before ever placing a single wager. As March Madness approaches, it’s the right time to start building your gameplan.