Know Your Edge 05/26/13 (more...)


The difference between being highly profitable or going bankrupt in this business is razor thin. In a micro example 11-9 every 20 plays +1.1 units big money. 10-10 every 20 plays -1.0 units eventually your bankroll grinds to zero. I know the above is a simplistic example but over a large enough sample size that is exactly what happens.
You must know your edge. If you are a long term 50% handicapper you need to find someone to help you to get to at least 53% where money begins to be made. This help can come in the format of free plays (never never pay for picks) from a full time professional who has more experience and knowledge than you. This business is not about ego it is about winning and money. Help can also come in the form of studying,reading,professional development to increase your own knowledge moving your edge higher and closer to 53%.
One last warning; anyone that boasts a higher win% over a large sample size of 55% run as fast as you can in the opposite direction and hang on to your wallet