In the early 1990’s there was a boom in sports handicappers and tipsters on network television in North America.
Warren Buffet once famously said: “There are two rules to successful investing, number one – don’t lose money, and, number two – don’t forget rule number one.” The idea of managing a betting bankroll is great, but thinking that doing so will lead to not losing money, is not true. The issue I have with the common narrative of the teachings is that they tend to mix up managing a betting bankroll and the principle of not losing money. Bankroll management is taught in some form or another by anyone with a voice in the sports betting industry.
