Being successful in betting requires a combination of understanding the interplay between luck and skill, effectively managing📈 risk, and making informed choices. Ultimately, mastering the art of betting involves utilizing both luck and skill to maximize your📈 likelihood of success.
You use the Kelly Criterion formula (f = [bp q] / b) to choose bet📈 sizes. In this formula, b is the odds subtracted by 1, p is the probability of winning, q is the📈 probability of losing (1 p), and f is the bet size.
