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Article:
The Difference Between Bankroll and Money Management by: Jess Kirley I am sure you would have heard comments like, 'if you don't have good money management skills then you simply won't win'; or how about 'money management is much more important than the selection strategy used'; or even 'you won't win if you don't have good money management skills'. There will always be a group of punters who is always bleating about the virtues of money management. These punters believe that this mystical term 'money management' is a saviour, which will turn their otherwise unprofitable approach magically into a highly profitable one, simply by changing the way they stake. I can tell you that there is as much chance of this happening as there is of Jess going on a date with Nicole Kidman. Now I realise, that I might be stepping on your toes a little here, especially if you too have been brainwashed by the folks who worship these two words. As with anything else in the newsletter, it is just an opinion and you are free of course to ignore completely what I have to say. I admit that I probably should not really feel as strongly as I do, but I tell you, I get some really horrible thoughts entering my mind whenever those two words are spoken. Okay, what is all the fuss about? Just what is the difference between bankroll management and money management? Money management (in my opinion) is when a punter is trying to make money from any form of gambling, purely by using some sort of staking approach. As we all know, it doesn't matter which game we choose (horse racing, craps, sports betting, roulette etc), if we bet 'blindly
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