E39 - Betting like an Investor
Business of Betting Podcast
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The Power of Compound Money Management
You've got to start with a bang bang. You need to have a set amount and say, this is how much I want to bet. We convert the betting bank into units and utilize a 100-unit betting bank. If you have $10,000, then you're betting $100 per unit. Some people like to sort of bet 5% the bank, 4% those sorts of numbers are generally around what's advised by hedge funds.
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