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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.

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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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