The Hidden Secret Behind Sports Betting Success!

Why Money Management is so important

To consistently make profits over a long period of time in sports betting, you must not only make the right bets, but you also have to use your bankroll and keep control of your emotions. There is a tendency for people to ride a winning streak too hard and bet too much hoping to hit a super big payday. I have done it many times before I learned proper bankroll management.

Also, there is a tendency for gamblers to bet wildly amidst a losing streak to attempt to make a one bet comeback. This has spelled the death of many sports bettors that would have otherwise been on the path to profits. Improper money management can turn wins into losses and moderate losses into nightmares.

Both winning and losing streaks are a very real part of gambling. It is how you deal with these ups and downs that will determine just how well you’ll do at the end of the day.

That is precisely why money management is so critically important. When you are on a winning streak, you have to stretch those winnings to the maximum, but still safe level and make sure that you are a winner. And when things go the other direction, you must restrict losses to affordable amounts.

Money management takes a lot of discipline and for some people it probably takes some of the fun out of it too. But those are the people that must get a kick out of giving a lot of money to the sports books. Sports

Betting is very similar to investing in stocks or other financials in the way that money management can make or break the investor.

Progressive Sports Betting System

In the world of sports betting as well as other gambling endeavors, the key to long-term success is enshrined in good bankroll management. While there exist more than a few methods out there that could prove worthwhile, the most fundamentally sound strategy that should be prioritize is progressive betting.

What is progressive betting? Progressive betting is basically when you stick to a set amount for each bet depending on the size of your bankroll, then increasing the amount of money per bet as your profit grows from the starting point. Identical methods are being used alongside many instructional orders on other gambling-like games like craps, blackjack. The recommendation usually varies wildly depending on the author but I personally advocate a more conservative stance than the majority of these authors simply because they tend to endorse a too risky and unsafe strategy once you’ve managed to grow your bankroll.

When betting on sports, discipline does not come easy to implement for a sports bettor. It is a skill that must be conquered for you to have long-term success in sports betting, as long as you took the time and effort to establish handicapping insight that has demonstrated a consistent winning record.

Let me give you an example that utilizes an effective conservative approach while at the same time, allows you to keep good discipline. Keep in mind that when gambling, a certain amount of swings will always be involved, therefore, it is crucial to be able to withstand losing streaks that could erase any profit you previously made alongside your initial bankroll money you started with.

Let’s say you begin with a bankroll of $2,000 in which you could have probably deposit that money in a reputable online sports-book or keep this money set aside for your sports betting future activity. In that case, the recommended unit size should be $44 to win $40 for each game which amount to about 2% of your bankroll in play. More than a few experts would proceed in suggesting you to risk 4 or 5 percent but the risk with a higher figure will be the limitation of your flexibility should you hit a prolonged losing streak. It may eventually take time to build up your bankroll, but you should always remember that sports betting is more like running a marathon, not a print.

With everything stated above, let us say that you’re averaging 1 bet per day for a full year, and ended up with a very respectable overall record of 210 wins and 150 loses. After taking into account house juice for each bet, you are left ahead with about 50 units or an additional $2,000 on top of your initial investment. With that conclusion, your initial bankroll of $2,000 would have been doubled in a span of a year to $4,000.

Now that your bankroll is standing at $4,000, you could ante up your bet to $88 from the previous initial bet size of $44. So you will basically retain the same 2% of your bankroll put into play but you will now be yielding twice the amount of profit that you started with. Logic should take hold with the fact that since you were able to double your starting bankroll of $2000, you would have probably achieved a proven track record as for your betting performance, thus allowing you to risk even more of your bankroll.

With everything being said, you still do not want to go crazy here and put all your profit at risk by increasing your bet size too much. Instead of going big, a conservative unit size bump of about 3% would yield a much better win percentage while still having some type of protection against cold streaks to fall back on. In this case, you may start entering bets of $120 to win $110 for each game which is just about 3 percent of your precious bankroll.

If you decide to use the 3% method, all you’ll need to do is clear about 17 units to make your next $2,000 as opposed to the 50 units that would have been necessary to profit the same amount when you started.

As soon as you get more comfortable with this skill set and start seeing consistent positive results, the next step could be to start rating the quality of your picks and then incorporate it into a big strategy that could improve your betting system.

Let me give you another example to clarify things further. Let’s say your standard unit size is $44 per bet but on certain occasion, you feel more confident about certain games. In this case, you can announce that your confidence level for this particular game is so high that you will bet “2 units” instead of the original and standard “1 unit.” That should mean your wager would have to increase from $44 to $88 because it is now a 2 unit play. It is of course important to keep record of your larger unit size so that you know whether it is worth increasing your betting size. Unless you can demonstrate a winning rate of about 65% on those high confidence 2 unit size bet, it would not be worth going through with it. At this point, it would be best to keep it simple and fully go back to the original 1 unit size bet for all bets.

So remember, you should not force yourself to increase the size of your bet if the amount of money that would be needed makes you uncomfortable. Keep a performance track record so you know whether to discontinue certain part of your betting strategy. You will surely gain more experience and confidence as you go and this will allow you to be able to analyze your situation and make the needed fix when it requires it.

In the meantime, the best strategy that I would recommend to someone who is just getting started is to keep their wager at a consistent unit size, specially if it is showing a winning rate. There is simply no need to over complicate things too soon and risk losing it all because you got too greedy.

Use the Internet For Online Sports Betting and Make Profits While Staying at Your Workstation

There are many types of sports that offer its bettors to invest their monies in betting. Some of the sports are baseball, basketball, soccer (football), college football, golf, etc to mention a few. The bettors are encouraged to place their bets based on various factors, like predicting the winner or various place positions, the points or goals in the game, and even the individual performance of the players involved in the game. Nowadays, with the technological advancements such as internet, you can become a bettor and place your choice of bets online itself. Your profits out of betting are just a few clicks away. Learn more to make use of the technologies available at your service.

  • Internet is an information superhighway, which provides its audience with all the information required. You can find the details of different games, their rules and regulations, various tournaments held and their calendars. You are also provided with the intricate details of the statistics of the several tourneys, teams involved and the key players. This information can guide you in deciding the possible outcomes of each game.
  • The odds are the magical numbers that give you an idea of who are the favorites and the amount of risk. When the odds of a team has 1:20 whereas the other team has 1:10, then the former has lesser chances of winning as you would earn 20 times more if you place your bet on them and if they eventually win.
  • There are many bookies and books (formal organization of many bookies) available on the internet that feed you with an overdose of free offers and many goodies. By choosing the right book, you can avail these ancillary benefits apart from making profits regularly.

Betting Sports – How to Bet on Sports and Win 97 Percent of All Your Bets

The history of betting began as early as the history of sports itself. In its early days, sports betting didn’t get as much popularity as it does today. Before, only a few sports events involved betting such as horse races. But now, the common view about sports betting has changed. Betting sports has become more popular than ever before. You can bet on any event such as hockey, soccer, NBA, or NFL. People involved in sports betting want to feel the pleasure of winning and to earn some cash. Some people even make a living out of betting on sports.

These days, you don’t have to fly to Las Vegas just to place your bet. Instead, you can bet on sports with the help of some websites. Websites work in the same manner as a regular betting process. Every betting website uses a sports book where all the bets are placed. The sports book, which contains all the details of the game and players, provides information about the available bet types on a player, the winning team, and the highest-scoring team. You can even make a forecast on the future of any season through some bets.

It is advised that you get sufficient knowledge about sports before you get yourself involved in this activity of betting. You do your homework by keeping yourself updated on the latest team setups and trends. Newspapers and magazines can provide you with the latest picks and other betting essentials. You can also secure your way to victory with the help of handicappers and betting systems. You can use these tools to your full advantage if you know all the details.