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Bankroll Management – Don’t Go Broke

by Michael Piper |  Published: Sep 01, 2010


“The next best thing to gambling and winning is gambling and losing.” — Nick “The Greek” Dandalos There is one rule by which I live — don’t go broke. Going broke means losing the freedom to work when, where, and how hard I want. Those perks outweigh having a ton of money. I could probably make more working for a trading firm, but who wants to work for someone else? My indirect goal is to earn but my primary goal is to keep myself in the lifestyle I’ve grown accustomed to. I won’t avoid risk, but managing it is a tough skill. In this article, we’ll look at strategies to avoid going broke while making enough money to live. Being +ev (positive expected value) in a game is not good enough — you must be +ev enough to make a living, otherwise you rate to go broke. In online games, ...

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