E13 - Professional Sports & Racing Trader
Business of Betting Podcast
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The Importance of Money Management
Most punters, if they can double their money in a day, that's brilliant, but it's also totally unrealistic. We work on a plan, Jake, that if you can make 3% of your bank per day, you will double your bank in 24 days. That's the power of compounding. The other side of that is never risk more than 5% ofyour bank on any one trade. If you've got 1000 pound and you've just blown 300 of it, that's a pretty tough emotional blow to get back.
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