seanspeaks Blog

Posted on Sat, Aug 8, 2020

Money Management is the Key
Posted by seanspeaks
Posted on Sat, Aug 8, 2020

I have been a trader in the financial markets for many years. I started trading futures way back in the early 1990's. I'm not proud to admit that I lost several thousand dollars as I learned and crafted my skills.

I was drawn to sports handicapping because it lends itself to providing excellent returns with a couple of keys in place.

First, before you can apply a solid money management program to anything from stocks, futures, options and sports betting, you must have an edge. I like simple edges. A simple edge is figured by using a flat betting model. 

For example, take a sampling of a number of outcomes using a specific selection criteria to see if you have an edge. Once you have the edge, you are in business.

In my real money accounts, I have a very specific money management formula designed to compound my returns. For this service on Veribet and my other handicapper account on CapperTek, I follow a 3 Tier system which you can find on my handicapper page.

The point I am trying to make is that money management will make or break you in any venture which requires risk of capital.

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