Capital Management

Capital Management and Betting Strategy

This section deals with optimizing the use of a limited amount of capital where there is a possibility of loss but also a chance of gain. Gambling games provide simple mathematical models, but most of the conclusions reached can be applied in the world of business.

There are a number of commercial betting systems or strategies that essentially promise to turn an unfavorable game into a favorable one. While we are skeptical about this prospect we will be glad to evaluate and write a review of any system that an author cares to submit. It is important to consider that most strategies must be abandonded under certain conditions and often a large loss will result. Those conditions generally are: 1) the player runs out of funds, which can happen unexpectedly, and 2) the strategy calls for a bet greater than the table maximum or less than the table minimum. In the following case studies we shall pay attention both to the amount won in relation to the amount risked and to the ratio of maximum to minimum bet called for.

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