If Kelly worked everyone wouold do it, or some form of it. It doesn't work, and isn't even close enough to even be tweaked to work. But for some I guess it will always be some secret that they are the ones that truly make it work.
Starting out with 125 is only going to do a couple things. If he somehow does roll it over into some substantial amount, more than likely he will continue to bet, and eventually lose. Then inevitabely he will roll a few more bucksa into it, and then a few more, and a few more, always looking to get to where he got when he "didn't know anything".
If he takes the $125 and loses it all at once and never bets again, that would be the best solution. Plain and simple. Or does actually have the ability to quit if by some miracle he does win a bet or two, then all the better for him.
How many guys have we seen come in here with the same question, and the same plan? I tell them all the same thing. Not sure if any listen, you don't ever hear from them again for the most part. Unless it is to say how far they have fallen and are so deep in debt they need help from other degenerates on here and more advice on what to do.
I simply go past all that and tell them what will more than likely happen. they will lose, and I will take any bet at any limit than any guy who says they are "only using XXX amount of money", uses 2-100 times that amount before he is done.
It has nothing to do with ability, or even money management. It has to do with mentaility, and anyone only starting out with a minimal amount doesn't have the mentaility to do it to make money at it consistantly. (No offense) But if you do not have the mentality, you will lose.
There are a lot of guys on this site that can pick winners, a lot of impressive ficticious bankrolls or impressive positive amounts, the relationship between that ficticious amount and reality is surely not even close. It isn't that they are lying or that they can't win. It is just that they do not always follow exactly what they post or keep track of. That is the human condition.
People do not get rich gambling, if they did they would not quit gambling to do other things. There isn't a person on any list of "rich people" that is a gambler, not one. So with something that people think is so easy, and so many peiople show that they can profit, it would stand to reason that at least 1-2 guys with some cash could make enough to crack the top rich guys list, or even the top 500. But I would say that the richest gambler (counting monwey ONLY made from actual bets) would crack any list no matter how long.
