Things You'll Need:
- Calculators
- Notebook Papers
- Pens
- Pens
- Calculators
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Step 1
Total up your entire bankroll.
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Step 2
Find your advantage by multiplying all the possible outcomes by its probability of occurring.
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Step 3
Verify that you have the advantage on what you would like to bet on by making pretend bets. Don't just think you have an advantage and start betting.
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Step 4
Determine your advantage.
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Step 5
Bet a proportionate amount of your bankroll (see the Related eHow: "Learn the Kelly Method of Betting").










Comments
Anonymous said
on 11/22/2005 Betting is dangerous and not a a guarantee to gain money. Watch what you spend, and don't lose control.