Betting - mathematical approach

[omgbokie]

The thing I'm trying to teach people is how diversification works in betting. In my opinion Kelly's criterion is easy to understand but to apply diversification on to it is quite another story.

Through mentioned calculator (/BestSystemTable) the part where people need to understand all that - is skipped and you just need to follow instructions concerning recommended system (parlay) and recommended invest amount.. But my wish would be that everybody knows exactly "why" (when to teach everybody "how" is unachievable..)

 

[Rudy_Jewelz]

Yes showing everyone "how much" to wager and manage bankroll is one thing. Teaching everyone how to hit a certain winning percentage is a whole different animal.

 

[MariusTitulescu]

Indeed. An effective methodology is ok, a sure way to win is not reality, though.
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Marius
PMC betting systems

 

[RunMaker]

Winning is easy. The problem is psychological and emotional. These are the demons that bore within for a gambler. Once a 'winner' has a solution to those problems, winning is eternal.

So then the question would be, 'Why should such problems exist?' It is because the wiring of a man and the psychological/emotional pitfalls of gambling are polar opposites that fiercely battle one another in nature's preordained struggle for superiority.

These forces are always at work and cannot be 'defeated'. This is just as sure as a man walking on the Earth is held in check by gravity.

Presently still working on the solution.