Money Management for the Year Round Professional Sports Handicapper

I came across this money management system used by a very successful bettor who has been making very steady profits betting on baseball. Seems like these principles can easily be applied to forex trading. I'll post the relevant excerpts, along with the PDF. Let us know what you think!

First let me introduce myself. My name is Tony Stoffo and I am the former Race and
Sports Book Manager of the Desert Inn casino in Las Vegas, Nevada. Through all my
years working in Las Vegas, I have seen it all, especially when it comes to sports betting.
You learn so much when you work on the other side of the Sports book counter.
In the following chapters I will share with you the most profitable Money Management
Programs that have come across my Sports Book counter that have constantly shown a
steady profit.
Actual handicappers here in Las Vegas have used these Money Management Programs
through the years.
The first statement I am going to make is a proven fact. All people who bet spend 90% of
they time trying to figure out who they are going to bet, and only 10% on how they are
going to bet them.
Think of it, you do the same think don’t you?
Whether you’re an occasional weekend bettor, or trying to be a professional sports
handicapper. You must have a solid Money Management program behind you to have
any chance of being a success.
Through all my years here in Las Vegas, I have seen tens of thousands of bettors lay they
money down trying to beat the sports book. Only a select few have been successful.
I have had the rare privilege of becoming friends with a few of these professional
handicappers. And will share with you in the proceeding chapters how they have
accomplished this incredible feat. Again the one thing they all have in common is a
strong Money Management program backing them up.
Now I will show you the special Money Management Programs that I have compiled
through the years. Plus, a special chapter on how to build your bankroll using these
special programs.

Program #1 - The 2-6 Straight Bet System
Keeping the Customer Satisfied
A big part of any sportsbook manager’s job is making sure the regulars and high-rollers
are kept happy. This involves a good amount of schmoozing and an even greater amount
of “comps” -- complimentary meals, hard-to-score show tickets and plush hotel suites.
The idea is to keep them in -- or coming back to -- your hotel and casino, because the
longer they play, the better the odds they’re ultimately going to lose.
After working for a while at the Rio and Desert Inn sportsbooks, I noticed that a small
percentage of these regulars -- and I do mean small, about 2% -- seemed to defy the odds
and win on a consistent basis. At first, I thought they may just be lucky.
Then it occurred to me -- they weren’t lucky. They were smart. They were “betting wise.”
Loose Lips Sink Bookies’ Ships
So I made it my personal mission to find out what these players knew that other gamblers
-- and even a sportsbook manager like me -- didn’t. Zeroing in on a longtime regular at
the Desert Inn named Ed, I approached him one day with some small talk and a fistful of
comps. He remembered me from the “old days” at the Rio, and we spent the afternoon
reminiscing.
Finally, I got up the nerve and asked him: “How are you doing it?” He eyed me for a
moment and then smiled. Very few people who are great at what they do can resist
talking about it. And even fewer can keep a secret.
So he grabbed a cocktail napkin and a pen and showed me one of the simplest, most
brilliant money-management strategies in the history of gambling. An old-timer from
back East had taught it to him years before, and he’d since been using it to make big
money. I’m now going to show it to you.

The Set-Up
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Each of my 12 Money-Management Programs are composed of a Series of bets that are
either predetermined by me or can be quickly calculated by you using a Formula I’ll
provide you.
For the purposes of examples, all bets are straight bets on which you will be laying $11 to
win $10 (or multiples thereof), the standard odds against the spread on basketball and
football games, unless otherwise noted.
The Program
The brilliant beauty of The 2-6 Straight Bet System is that you can win just 2 of any 6
bets (for a winning percentage of .333) in a Series and still attain a profit. Additionally,
your wagers, or “Series Amounts,” are predetermined, so there’s no guesswork regarding
how much to lay on a particular game.
In The 2-6 Straight Bet System, you are going to make a Series of up to 6 bets, in the pre-
calculated amounts of $11, $22, $44, $66, $88 and $132.
You will bet 1 or 2 games at a time in the Series, moving up to the next Series Amount
after each bet. When you achieve your goal of just 2 total wins, you roll your profits back
into your Personal Betting Bankroll and start over at the beginning if you’d like.
For example, to begin, make 1 wager in the Series Amount of $11, or 2 wagers, 1 in the
Series Amount of $11 and the other in the Series Amount of $22. If you win both bets,
your goal is attained and you add your profits to your Bankroll. If you win just 1 wager of
the 2, however, you can bet only 1 game at a time thereafter, since you are seeking just 2
total wins anywhere in the Series of up to 6 wagers.
Say, for instance, you win your first wager for $11, then lose bets in the subsequent
Series Amounts of $22, $44, $66 and $88. Then you win your final wager in the Series,
for $132, reaching your goal of only 2 total wins in 6 wagers. At that time, you can go
back to the first number in the Series and start over with another Series of up to 6 bets, or
begin playing one of my other great 12 Money-Management Programs.
The Goal
The simple objective is to win any 2 bets in a Series of no more than 6 wagers.
The Series
11-22-44-66-88-132.
(Again, Series are pre-calculated so that you can profit by winning the minimum set
numbers of wagers in a particular System, in this case, 2. They also protect your Bankroll
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by representing about 25% of your total available money, so if you happen to go on a
losing streak and lose your entire Series, you are down just 1 Betting Block, and still have
75% of your Bankroll with which to wager.)

The Formula
For those who find the Series Amounts in the Series
11-22-44-66-88-132
too rich or poor for your blood, there is no reason you can’t raise or lower the amounts
according to your betting objectives.
The formula for setting the 6 Series Amounts in The 2-6 Straight Bet System is
a, 2a, 4a, 6a, 8a, 12a.
In the Series above, a = 11 or $11. If you find this too conservative, try a larger multiple
of 11 for the value of a, say 22. If you pick 22 for the starting bet, your Series would be
calculated 22, 44, 22 x 4 = 88, 22 x 6 = 132, 22 x 8 = 176 and 22 x 12 = 264, or
22-44-88-132-176-264.
On the other hand, if the prospect of having to risk $132 to make $120 should you go 1-4
or 0-5 in your first 5 bets makes you nervous, you can start with a $5.50 bet, or a Series
of
$5.50-11-22-33-44-66,
which will limit the downside in the event you pick less than 50% winners or go on
occasional losing streaks.
For our purposes here, however, we will stick with the original betting Series for
examples.
Note that when setting your own Series Amounts, if you add up each of the 6 numbers in
the Series, they should total about the same dollar figure of each of your 4 Betting
Blocks, give or take 10%. This is what prevents you from losing more than 25% of your
Bankroll during any given losing streak.
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The Rules
1) Make only 1 or 2 bets at a time in the predetermined amounts until you have won at
least 1 bet.
2) Once you have won 1 bet, bet only 1 game at a time in the predetermined Series
Amounts, until you win a second wager.
3) When you win 2 bets in any Series of up to 6 wagers, your goal is achieved, so you roll
your profits back into your Personal Betting Bankroll and either start over with a new
Series to build your Bankroll, or begin a Series in another of my 12 Money-Management
Programs.
4) If you suffer an unfortunate losing streak of 1-5 or 0-6, start over with a new Series
and begin recouping your recent losses.
The Proof
It’s one thing for me to boast that this System can turn a profit for you if you can pick just
33% winners, and it’s another to see it in black and white. Below is the proof.
First, let’s look at example where you pick just 2 of 6 (or 33%) winners while betting
traditional 11-10 odds against the spread, say on football or basketball games.
Bet $ Wagered Result $ W/L Net Profit
#1 11 lose -11 -11
#2 22 lose -22 -33
#3 44 lose -44 -77
#4 66 lose -66 -143
#5 88 win +80 -63
#6 132 win +120 +57
It’s hard to believe, but by going on a 2-4 losing streak, you’ve added an astounding $57
to your Bankroll.
Of course, the goal is to achieve 2 wins as fast as possible in the Series of up to 6 wagers,
so hopefully you won’t regularly reach the sixth bet. Remember, your Series can end
after 2 bets, if you win them both, at which point you start over.
In our next example, let’s look at a scenario in which you win a mediocre 14 of 30 bets
(or 47%) over the course of a month, assuming you lay 1 bet in this Series per day. (Keep
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in mind that you can run several Series at once, or play early and late games every day in
a single Series and end up laying wagers on more than 30 bets in a month if you’d like.)
While the bookmakers’ 10% “juice” (or commission) would cause you to lose money
picking 50% winners with straight bets of the same amount, my System allows you to
post a substantial profit.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#1 11 win +10 +10 +10
#2 22 lose -22 -12 -12
#3 44 win +40 +28 +28
You win 2 out of your first 3 bets, so your Series goal is achieved. Add your winnings to
your Bankroll and start over with another $11 wager.
Note that you’re already ahead $28 by posting a 2-1 record, but if you had made 3
straight bets of $11 each, you’d be up only $9. So my System has already increased your
profits by more than 300% after just 3 bets.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#4 11 lose -11 -11 +17
#5 22 win +20 +9 +37
#6 44 lose -44 -35 -7
#7 66 lose -66 -101 -73
#8 88 win +80 -21 +7
Even though you now go on a slight losing streak, winning 2 bets and losing 3, you
achieve your Series goal. You lose $21 for the Series but remain up $7 overall with a
combined record of 4-4.
Had you been placing $11 bets, you’d be at -$4 after 8 wagers. This is a great example of
how my Systems can make you money when under normal betting circumstances you’d
be in the hole. Let’s continue with our hypothetical month.
Bet $ Wagered Result $ W/L Series Profit Net Profit
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#9 11 lose -11 -11 -4
#10 22 lose -22 -33 -26
#11 44 win +40 +7 +14
#12 66 win +66 +73 +80
Again, your Series is over when you achieve 2 wins. What’s amazing is, even though you
go just 2-2, you add $73 to your Bankroll. So, overall, you are 6-6, but you’re up $80. On
the other hand, because of the juice extracted by bookies, you’d be at -$6 if you’d bet $11
on each game.
So far, our Series have lasted 3, 4 or 5 wagers each. Let’s see what happens when we go
on minor winning and moderate losing streaks.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#13 11 win +10 +10 +90
#14 22 win +20 +30 +110
By attaining the quickest Series win possible of 2 wins with 2 bets, you now stand $110
ahead with an 8-6 overall record. Again, by laying $11 a game, you’d have just $14 to
show for your efforts. By utilizing my Money-Management Program, your profits are
785% more than they’d be by betting the old way.
Now, let’s see what happens when you go into that moderate slide.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#15 11 lose -11 -11 +99
#16 22 lose -22 -33 +77
#17 44 lose -44 -77 +33
#18 66 win +60 -17 +93
#19 88 lose -88 -105 +5
#20 132 win +120 +15 +125
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As you can see, by increasing your bets methodically according to the predetermined
amounts, you save huge losses despite a 2-4 losing streak. Adding $15 to your Bankroll,
you’re now up $125 by picking 10 winners out of 20 bets (for a winning percentage of
.500), whereas if you’d kept betting $11 a game, you’d be at -$10.
Let’s finish out our hypothetical month with 1 mediocre and 1 losing Series and see how
the numbers add up.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#21 11 lose -11 -11 +114
#22 22 win +20 +9 +134
#23 44 lose -44 -35 +90
#24 66 win +60 +25 +150
By going an average 2-2 with your picks, you manage to once again add $25 to your
Bankroll, making it $150 richer than when you began. Meanwhile, the bettor making
straight $11 bets with a 12-12 record would stand at -$12.
Now, for the final Series in our month.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#25 11 lose -11 -11 +139
#26 22 lose -22 -33 +117
#27 44 win +40 +7 +157
#28 66 lose -66 -59 +91
#29 88 lose -88 -147 +3
#30 132 win +120 -27 +123
Even with a disappointing 2-4 finish, you still end up adding $123 to your Bankroll for
the month by winning a so-so 47% of your picks. On the other hand, those plunking
down the same $11 bet every day would find their Bankrolls depleted to the tune of -$36.
Using just the first of my 12 Money-Management Programs, you have turned a $36 loss
into a $123 profit. And that’s by hitting less than 50% winners.
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Imagine how much you can win if you have a bigger Personal Betting Bankroll to wager
with, or you follow your favorite sports closely enough to consistently pick over 50%
winners.

Tips
1) The 2-6 Straight Bet System turns a profit when you bet against the spread with
traditional 11-10 odds (like on football and basketball), but it can show even more profit
when used with “even-money” or better bets such as moneyline wagers (or which team
will win “straight up” or outright, not against the spread) on underdogs.
2) For the reasons stated in Tip #1, this System works especially well when using the
strategies detailed in Program #8, The Baseball Underdog System.
3) If you are betting against the moneyline and/or with odds worse than 11-10, make
sure you wager enough to win the payouts associated with your Series Amounts. In other
words, if you are betting on the Yankees -150, instead of wagering $11 to win $10, you
must wager $15 to win $10.
4) Related to Tip #3, for any wager with odds worse than 11-10 that you lose, you must
add the additional losses, in this case $4 ($15 - $11 = $4), to the payout of what would be
your normal Series Amount, in this case making your next Series Amount $26 ($20 + $4
= $24 payout so the next Series Amount at 11-10 odds would be $26 to win $24), so that
a win can not only recoup your losses but post a profit.
5) Don’t forget to also add any money paid to a professional handicapper for his picks to
your Series Amounts in the same way you add losses at worse than 11-10 odds (as
explained in Tip #4). Keep in mind that if you pay $25 for 5 picks, you must add only $5
to each Series Amount, assuming you run 5 Series that day. In other words, divide the
handicapper’s fee among the total number of picks you play that day.
6) If your Bankroll allows it, try running 2 or more Series at once, which can boost your
monthly profits to $500 or more on this System alone.
7) Don’t forget to keep strict track of your 2-6 Straight Bet System bets using copies of
the Chart provided at the end of this chapter
Crunching the Numbers
For those who want to delve further into The 2-6 Straight Bet System and understand the
mathematical laws that make it work, I’ve listed below literally every possible outcome
of The 2-6 Straight Bet System in which you achieve 2 wins in a Series.
Next to each possible outcome, I’ve shown your net profits, including juice paid to the
bookmaker. Next to that I’ve included the amount you would have won betting the
traditional way of laying the same amount on every game. Last, there’s a column
reminding you how much extra money my System has put in your pocket.
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Note that even when suffering through unfortunate losing streaks, you still make so much
more -- or lose so much less -- than if you’d bet the old way.
Series Your Net Profit Extra
Betting Net If Making $ For
Record Profit $ All $11 Bets You
(2-0)
W-W +30 + 20 +10
(2-1)
W-L-W +28 +9 +19
L-W-W +49 +9 +39
(2-2)
W-L-L-W +4 -2 +6
L-W-L-W +25 -2 +27
L-L-W-W +67 -2 +69
(2-3)
W-L-L-L-W -42 -13 -19
L-W-L-L-W -13 -13 0
L-L-W-L-W +21 -13 +34
L-L-L-W-W +63 -13 +77
(2-4)
W-L-L-L-L-W -90 -24 -66
L-W-L-L-L-W -69 -24 -45
L-L-W-L-L-W -27 -24 -3
L-L-L-W-L-W +15 -24 +39
L-L-L-L-W-W +57 -24 +81
As you see, there are only 15 possible winning Series outcomes of The 2-6 Straight Bet
System, and 10 of them (or 67%) make you money, as shown above. Also, in 11 of the 15
scenarios (or 73%), you’re as good or better off betting with my System than with
straight $11 bets.
Incredibly, of the 12 unfortunate scenarios in which you post a .500 or losing record with
2 wins in the 2-6 System, 7 of them (or 58%) still earn you profits.
In fact, all 3 scenarios in which you achieve 2 wins and 2 losses net you a profit.
Remarkably, half of the scenarios in which you win 2 games and lose 3 still build on your
Bankroll. Even more astounding is that 2 of the 5 scenarios in which you win 2 and lose 4
wagers earn you as much as $57 in profit -- or as much as an $81 increase over traditional
betting -- for picking just 33% winners.
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Weathering the Dry Spells
Into every gambler’s life comes the occasional dry spell, of course. These dreaded losing
streaks that result in a 1-5 or 0-6 Series in The 2-6 Straight Bet System can cost you. But
because you’ve set up your Personal Betting Bankroll and have broken that into 4 equal
Betting Blocks, you not only maximize your profits, you minimize your risks.
In the rare instance when you lose 5 of 6 wagers in a Series -- or even go all 6 bets
without a win -- you still have more than 75% of your original Bankroll in reserve to
recoup your losses with future wins.
Because, as all bettors know, the tide will inevitably turn back in your favor.
The examples below show the only 7 possible outcomes out of 22 (or 32%) in which you
will show significant losses to one of your Betting Blocks. On the up side, if this occurs,
there are 3 more Betting Blocks where those came from.
Series Your Net Profit Extra
Betting Net If Making $ For
Record Profit $ All $11 Bets You
(1-5)
W-L-L-L-L-L -342 -44 -298
L-W-L-L-L-L -321 -44 -277
L-L-W-L-L-L -279 -44 -235
L-L-L-W-L-L -237 -44 -193
L-L-L-L-W-L -195 -44 -151
L-L-L-L-L-W -111 -44 -67
(0-6)
L-L-L-L-L-L -363 -66 -297
While these numbers may seem daunting, don’t forget that 1-5 and 0-6 streaks make up
less than 33% of the possible outcomes. And for regular bettors who do their homework
on games, 0-6 losing streaks come along much less regularly than 1 in every 3 Series.
Also, such droughts are often followed up by winning streaks that will wipe out these
losses and, even if they don’t, your Betting Blocks held in reserve are created precisely
for this reason.
For instance, one winning streak of 8-2, as shown below, can potentially negate the
losing skid of 1 win and 5 losses shown above.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#1 11 win +10 +10 +10
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#2 22 win +20 +30 +30
Your goal of 2 wins is achieved, so add $30 to your Bankroll.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#3 11 lose -11 -11 +19
#4 22 win +20 +9 +39
#5 44 win +40 +31 +79
With 2 wins in 3 bets, add $31 to your Bankroll for an overall profit of $79 for going 4-1.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#6 11 win +10 +10 +89
#7 22 lose -22 -12 +67
#8 44 win +40 +28 +107
Again, add $28 to your Bankroll, giving you $107 profit for posting a 6-2 record.
Bet $ Wagered Result $ W/L Series Profit Net Profit
#9 11 win +10 +10 +117
#10 22 win +20 +30 +137
By winning another $30 with 8 wins out of 10 wagers, you add $137 to your Bankroll,
which erases between about 40% to 100% of the losses incurred by a 1-5 or 0-6 slump.

The 2-5 Straight Bet System: The 2-6 With a Twist
If you are an experienced gambler who doesn’t find it unusual to win 50% of your picks
consistently, The 2-5 Straight Bet System is an effective variation on my 2-6 System.
I suggest that you use this Series of
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20-30-40-60-120
primarily for even-money or better bets (such as selected “totals,” or over/under wagers)
and/or when betting the moneyline on underdogs, and with your strongest daily picks.
Why? Because in this new Series you must win at least 50% of your first 4 bets to show a
profit. Even if you go 0-4, however, the fifth bet will recoup the majority of your
previous 4 losses, but not all of them.
Let’s give 2 quick examples to show how picking 50% winners can work for you in this
bonus System, and how the final bet can make up for a short slump.
First, let’s examine a Series in which you hit 50% winners. (Note that we are playing
even-money or better wagers, such as underdogs on the moneyline, in this example, as
suggested.)
Bet $ Wagered Result $ W/L Series Profit
#1 20 lose -20 -20
#2 30 win +30 +10
#3 40 lose -40 -30
#4 60 win +60 +30
So with a 2-2 record, you net $30 in winnings, while if you’d bet every game at $20, even
with even-money odds you’d merely break even.
Next, let’s see what happens when you correct an 0-4 skid with a winning bet on the next
wager. (Note that, again, we are playing even-money wagers in this example, as
encouraged.)
Bet $ Wagered Result $ W/L Series Profit
#1 20 lose -20 -20
#2 30 lose -30 -50
#3 40 lose -40 -90
#4 60 lose -60 -150
#5 120 win +120 -30
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While a bettor laying the same $20 on each game would be at -$60 after a 1-5 record, you
take just a $30 hit to your Bankroll.
Summing It All Up
Without a doubt, these examples detailing The 2-6 Straight Bet System have proven to
you how essential my 12 Money-Management Programs are to limiting losses or turning
them into profits, and to turning modest winnings into big money. Here’s a quick
overview of the System:
1) Make only 1 or 2 bets at a time in the predetermined amounts until you have won at
least 1 bet.
2) Once you have won 1 bet, bet only 1 game at a time in the predetermined amounts,
until you win a second wager.
3) When you achieve your second win in any Series of up to 6 wagers, your goal is
achieved.
4) Roll your profits back into your Personal Betting Bankroll and either start over with a
new Series to build your Bankroll, or begin a Series in another of my 12 Money-
Management Programs.
5) Should you suffer an unfortunate losing streak of 1-5 or 0-6, start over with a new
Series and begin recouping your recent losses.
6) If you’re a bettor confident of regularly winning 50% of your picks, you may want to
try The 2-5 Straight Bet System, which uses a slightly different Series.
7) Every month or so, evaluate your Personal Betting Bankroll, and increase your 4
Betting Blocks if you feel comfortable doing so.

In program #1, if you lose the 1st 5 bets and win the 6th one, you are at
-99. If you lose all 6 bets, you are at -363.

So, why not increase the 6th bet to 231? This way, if you lose the 1st 5 bets and win the 6th one, you are at -0-. Or, if you lose all 6 bets, you are at -462. With this change, you are risking an add'l 99 to break even vs. being 363 in the hole.

Thanks for sharing this - I love these types of strategies.

Couldn't be bothered reading it all but looks like the labouchere system. (progression betting system)

Nothing new


http://en.wikipedia.org/wiki/Labouch%C3%A8re_system

Im sorry but this doesnt work - its a very slow way to go broke

The fact is your losses are far greater than your wins... so say you lose 2 lines in a row you now need to win about 6 straight lines to recoup (havent done the exact math but Ive seen this shit before)

It reads like one of those get rich quick ebooks that plague the net -

The casinos edge will ensure this eventually happens and then you lose another line whlst trying to recoup lol its a fools errend.


This is the flaw of all these systems,,, They talk % and odds but when red comes up on the roulette wheel do you really think this gives the chances of the next spin coming up black any more weight?

Red has been known to come up 30 times in a row - everyone starts betting black as if black now has a better chance of coming up lol. Its ludacris

Every spin is a new spin - what came up in the past will not in anyway affect what will come up in the future - despite the "chances"


Could it be applied to FOREX? Sure but I wouldn't bother

Thanks for sharing though it is interesting

I disagree.
Ofcourse you are not defying the odds just progressing them (see labouchere on link provided by spekkiefx). And you should still always have a stoploss at one point and abandon the system. But the fact is that the likely hood of a loss is smaller. This will enable to make the account grow quicker.

Not exactly the same thing. With Labouche you keep playing until a user defined target is met. You are also trying to recoup all of your losses within the progression. With 2/6, you're only concerned with the number of bets won during the series and not the amount of money that's won. You aren't trying to claw back your losses.

we are strictly talking about money management here, not strategy. of course methodology and strategy will ultimately determine success. I used to focus strictly on finding the best indicators, the best platform etc. etc. but now I understand the most important thing about trading is figuring out how not to lose as much as opposed to figuring out how much can be won on each trade.

As an experiment I'm going to trade a demo account this week applying the 2/6 with harmonic trading patterns. I only need 2 winning trade for the week, then will stop trading.

It will make no difference whether you quit after 2, 3, or 4, or X winning trades; everything else being equal, by quitting you'll miss as many subsequent winning trades that week, as you avoid losing ones. (Moreover, a week is nothing more than an arbitrary measure; why not 2 trades every 8 days, or 9 days, .....).

An edge can only come from strategy (i.e. that exploits demonstrable inequalities in the 'gameplay' probabilities), not a staking system. If you extend your study (in posts #4 and #5) to cover every possible permutation, I'm sure you'll find that the EV=0, as it ultimately does with all staking systems.

No wagering or betting system alone will produce any definable edge,
Nor protect you from "going broke" over any meaningful number of wagers/trades.

No progression systems.
No martingale.
Not even Kelly wagering (you will go "broke" slowly...)

The "edge" or moneymaker for sports bettors is in their handicapping systems or programs. Baseball, in particular, is one of the most "statistic friendly" games in which to research an "edge".

You pay the "juice" on every wager, if you have no "edge" ... no amount of wagering "magic" will save you over the long run.
(just like Forex)

Money management isn't what makes professional "handicappers" rich. In fact, the better bettors don't really handicap, they shop prices and play price movement.


No, it's in shopping for good prices. Very few models do well enough to provide the majority of the edge; in most cases the handicapping or model does little more than overcome the vig. A bettor can do well on shopping prices alone.


That's almost all I need to hear from the OP.


And they're still losers. A sharp bettor hasn't made a choice to bet until they've seen the price.