Most gambling systems fail to produce positive returns on investment in the long term, this is mainly down to human psychology and no real strategy. In this article I will discuss position sizing and anti-martingale strategies that will assist and help you make a long term profit.
It doesnt matter if you are gambling in horse racing, investing in stocks or day trading forex you will need to manage your money pot with a position sizing strategy. If you apply this correctly and your desired punts are coming in your money will grow. If you have no position sizing then you are doomed to failure.
What is position sizing?
Position sizing in its purest form can be divided into two areas, martingale or anti-martingale, Most casino gamblers will probably have tried to use a martingale strategy without even realizing it. Martingale strategy increases your bet size if you are losing, anti-martingale is the opposite and you increase your bet size when you are winning. One works the other is a total disaster.. guess which one?
Martingale example:
Any game of chance will have losing streaks!
Joe punter places a $1 bet at 2.0 decimal odds to win, on...
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