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Rule 3: Staking Strategy
The one certain thing is that you will never win all of your transactions and some losses are inevitable. Managing your bankroll correctly means that these losing transactions get swallowed up in the big picture and are not noticed in the long run.
We advocate that no single transaction should eat more than 2.5% of your starting bankroll, or the maximum below this that you set yourself (depending on the probabilities to win). Failure to manage your bankroll correctly is symptomatic of greed.
Most gamblers have no structure to their betting activity and place bets without thought to how much they may lose or how much they are trying to win.
You need to act like a business and your goals need to be SMART = Specific, Measurable, Achievable, Realistic and Time-based. Your staking strategy then needs to be structured to achieve these goals without variation.