Video Summary

In the world of sports betting, risk management is crucial for long-term success. A common question among bettors is how to determine the optimal bet size for their bankroll. Kelly Stewart and Yanni Corrales, a seasoned gambler, discuss the importance of bankroll management and how to avoid common pitfalls.

The key takeaway is that bet size should be determined by the edge, not the win percentage. Even with an edge, over-betting can lead to losses. The goal is to maximize profit while minimizing loss, and this requires careful management of the bankroll. The duo emphasizes the importance of capital preservation, as this allows for dry powder to be used when the edge is greatest.

They also stress the importance of not over-betting, even with a significant edge. Instead, bettors should aim to minimize their bet size and focus on consistency. By doing so, they can avoid the risk of ruin and ensure long-term profitability.

The conversation also touches on the importance of quantifying the edge and becoming a winning bettor before adjusting bet sizes. By following these principles, bettors can increase their chances of success and avoid common mistakes.