Bettor must win 52.4 percent of his pains to break even. Some bettors who win more than 52.4 percent of their bets still end up losing money. Why? The answer is because they do not use proper monetary management. Money management is as important as selecting a winner. Here are some simple (but sometimes hard to follow) tips for proper money management.
My first advice is to have money aside for sports betting. This should be the amount you can afford to lose. There should not be money you need to pay a mortgage, car payments, utility bills or other money you need to run well with your home.
My other advice is that you should never bet more than five percent of your bank account. It's going to lose robberies, which are unavoidable. It is a law of compensation and it happens to everyone. Keeping your bet low, keep you in the game until your luck is over.
My third advice is that you should bet the same amount per game. In most cases there are two levels of plays. Perhaps you decide to bet two percent on regular games and four percent of what you think are very strong games. But whatever you do, keep the percentages you choose.
It brings me my fourth advice, which is not tracking your loss. That means if you lose four percentage points in game today, you do not bet six percent in game tonight. This is the quickest way to bankrupt you and bookies who consider you to fall into this trap.
The last piece of money management data as it concerns sports betting is that you should never significantly reduce your bets. For example, you went 3-0 today. You bet $ 100 per game, so you're up $ 300 to go tomorrow. Tomorrow you roll and you choose three games, but this time you win $ 200 each game. You end up leaving 0-3 today. Because you've doubled your bets, you lost $ 660 today, making your two-day total less $ 360. This also relates to betting in the same amount each game, but the temptation to double is very strong when you & # 39; are hot
Sports betting is not just about choosing more winners than losers. Money management is extremely important if you want a steady profit in this area. The probability of success is much greater if you can follow the above guidelines on money management.