Most of us focus on betting systems and strategies that will be profitable. After all, without a good betting system, we will NOT make any money, right? The same thing can be said about “money management.” That is, if you do NOT pay attention to money management, you might NOT be able to take that next step to becoming a “sports investor.” Good money management will reduce the chances of extreme losses and help turn this hobby into a legitimate investment.
Learn how to manage your money like the professionals. Start building your bankroll like never before with my expert tips and skills for sports betting. Read the articles and tips found on this site. They are the best on the internet!
you have to treat it like a long-term investment not a weekend trip to the casino. Investing on sports takes discipline and lots of it. You are NOT trying to hit the jackpot with one play. You instead are trying to find many small edges over a long period of time.
Rule 1 – Bet the same amount for each play. “Chasing” or increasing bet size based on your last bet is NOT recommended.
Rule 2 – What type of investor that you are. I typically recommend that a sports investor bet 1% – 3% of their bankroll on each bet. On the other hand, conservative sports investors (or beginners) should bet 1%-2% on a play. Always be realistic of your bankroll!
Rule 3 – Stay Patient. You have got to have the will to sit through a losing streak. There is no avoiding them. Losing streaks happen to everyone. Yes, EVERYONE!
In conclusion, money management will allow you to “stay in the game” during tough times so that good handicapping strategies can put you ahead.