The Mathematics of Survival: Why Bankroll Management Outperforms the All-In Mentality in Gambling and Investment Strategy
Most people think gambling is about predicting outcomes, but long-term success in gambling has far less to do with accuracy and far more to do with bankroll survival. The gambler who goes “all in” on a single wager may appear bold or confident, but from a mathematical standpoint, they are not participating in a long-term probability game at all. They are engaging in a one event risk where a single loss ends their ability to continue. By contrast, gamblers who treat bankroll management the...
