Theoretically is not impossible for somebody to grind small amount out of the pools earning a modest living although very few have managed to do it and even fewer relied to it as their only source of income. Most people deceive themselves, adapting ultra conservative strategies which although they extend their presence in the game they fail to show profitability and eventually have to refund their limited bankrolls.
A more realistic approach for a serious bettor would be to operate based in a decently sized bankroll (well in the four digits) shooting for the big paydays with relatively large bets proportional to the total amount available .
My advice to a small bettor who wants to give himself the opportunity to hit it big, is to try to build a bankroll taking larger than optimal chances, betting aggressively while his total capital is still small thus his risk is by default minimal in absolute value. A key point here is not to use the betting bankroll to cover living expenses, giving it the chance to grow fast and uninterrupted. As it will increase, a Kelly-level bet sizing will be reached, limited only by the pool – overlay relationship which should be constantly used thereafter.
The sad reality though, is that very few of us have the talent, determination and consistency required to beat this game and exactly because of this difficulty, the game is actually beatable!
Last edited by DeltaLover; 06-09-2010 at 03:50 PM.
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