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Money Management in Theory and Practice: Part I

by Steve Zolotow |  Published: Aug 29, 2018

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Mason Malmuth once referred to the topic of money management as extremely silly. From a theoretical point of view, this may be true. In general, if you don’t have an advantage you shouldn’t play, and if you do, no system of money management will convert you into a winner. From a practical point of view, you still need to have some idea of how to manage your bankroll when you do have an advantage or at least frequently have an advantage. The WSOP has just ended. During the six weeks it lasted there were a huge number of tournaments at the Rio and elsewhere. There were non-stop cash games, some of which were great. Both tournaments and cash games could be found with buy-ins ranging from miniscule to the nosebleed high-roller events. Congratulations to the tournament winners, especially to those I consider friends like Justin Bonomo, John Hennigan, Phil Hellmuth, ...


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