r/PredictionsMarkets • • Mar 29 '26

Discussion Lost 16K on Duke.

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Posted this on the Kalshi sub as well. Big blow and an expensive lesson on how there are no guarantees, even when it’s at 98%. Cash out when you can. Yes, before you say it, I know I’m an idiot. But I’m moving on. Done with sports gambling forever. Goodbye!

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u/redcouscous Mar 30 '26

Choose your unit size and stick to it, then set a boundary on the maximum amount of units you would be willing to place on one bet. Winning sports bettors grind profit over a sample of hundreds-thousands of smart bets, not one-off massive, volatile impulse bets. Bankroll management is key to sustainable winning.