How to
Maximize Your Sports Betting
With Proper Money Management
What is the
number one pitfall that prevents sports bettors, even the smart ones
from creating a profit? It's not too little time spent analyzing
matchups, it's not lack of research, and it's not even picking the
wrong team. It is poor money management, plain and simple. I
have broken down my system for consistent profits into four easy to
follow steps. Follow these steps and you will see a marked
improvement in your bankroll!
Step
One First
you will need to determine your budget for your bankroll. This should
be done in a way that does not interfere with your other living
expenses. Don't finance your sports betting with the rent money! Sports
betting funds should be classified as entertainment and be budgeted
for. Your initial bankroll can be as little as $20 or as much as
$10,000, it doesn't matter. Naturally, you may want to start with a
lower amount until you get an idea of what you are doing.
Step
Two Your
next step is to select a sportsbook or online offshore sportsbook to
place your wagers with. Choosing a service to deal with can be very
overwhelming! There are scam sites, sites that don't appreciate
winners, sites that don't pay in a timely manner, and then there are
the few sites that make it easier to profit and process you payouts
quickly and free of charge. An excellent source for reviews of highly
reputable gaming sites is www.GamblingReviewsSite.com I
have used each of the recommended sites and they all offer excellent
service, security, and fast payouts.
Step
Three The
next step is to develop a plan of action. Now that you have your
bankroll planned for you need to choose a sport or sports to focus on.
Choose ONE game and one game only. Do not bet parlays, multi bets, or
any other 'gimmick' play. Focus on a sport that you are familiar and
comfortable with.
Step
Four The
fourth and final step is the hardest, only wager %20-%25 of your
bankroll. Stick to your plan...one straight wager (single
bet)...%20-%25 of your bankroll ONLY! This is the most important step.
By only risking a percentage and not a set dollar amount you will
accomplish two things. First, you will assure yourself of the ability
to play tomorrow if your selection is not correct. You will not 'chase'
your losses. You will always be risking more when you are winning, and
less when you are losing.
Overall Tips & Warnings
Remember use entertainment funds only Stick
to sports you personally follow Do
not become emotional about your wagers Expect
to lose a little less than half of your picks Remember,
this works!
Don'ts...
DO NOT CHASE YOUR LOSSES!!!!
You will not succeed if you do! DO NOT bet parlays! DO
NOT risk your rent money! DO NOT deviate from the money management system!
.
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DO NOT CHASE YOUR LOSSES!!!!