It is essential, in my view, to understand the value of compounding the gains in whatever betting activity you do, including trading. It's the foundation of any business expansion, re-investing profits. If you keep putting gains aside you're limiting your potential equity growth. Typical example is starting an Amazon seller business, you buy £200 worth of crap and sell it for £400, buy £400 worth of crap and sell it for £800, buy £800 worth of crap and sell it for £1,600. After 3 stock repurchases you've made a net return of 700%, if you were to put profit aside you'd have made a net return of 300%. It is imperative to realise that re-investment of gains via a realistic strategic plans, betting on whatever, presents much better ROI opportunities compared to 'hoarding' profits. IMHO
Some confuse compounding with Martingale strategy, compounding is prudent money management, whereas Martingale strategy will consistently keep wiping account balances. Apples & oranges.
Here's my mate's results for December running compounding challenges starting from £10/£25. He tips sports betting events, makes sense doing it? Yes 100%, as long as you know what to bet on and apply PRM. Last biggie lost yesterday, but what was lost? Just unrealised profit, initial stake was removed earlier on, basically 0 loss.
Almost 25/1 odds BOOM! PRM? Small Risk, Big gain, Realistic enough individual match results, in my book this is PRM, some would call it gambling