Tuesday, October 16, 2007

Money Management

By J. Chabrotta

Part 1

First, let me say that even if you have a better than average winning percentage you will fail to
make profits if you do not use or incorporate a faulty money management system.
Professional gamblers, stocks and bonds traders, arbitragers, or any similar professionals understand the necessity of valid money management systems. There are several reasons for the need of such a system. The obvious one is to decrease risk while maximizing profits. Another reason was told to me by Paul Paulson of moneykeg.com and author of Money and the Middle Man. He explains,

“The reason for money management, in my opinion, is so that a bettor can comfortably utilize his View the rest of this article

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