In my opinion the importance of good money management while betting is THE most important factor to becoming a long term winner. Picking winners is great, but no one wins all of the time, no matter how good they are.

So what do I mean by money management? Well, to me money management is the art of keeping your losses to a minimum so that you bank is never affected too much by a single day of losses. Not only that but it is making sure, as best you can, that your bank grows over time. Bank growth is where the issue appears for most people.

Lets take a very common example…

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