Money Management When Sports Betting

By: Richard Bleuze

If you are to do sports betting in a serious way, you must treat it as you would any other business.   Your inventory in sports betting is your cash.  Thus, if you run out of cash, you are out of business.  There is an old saying that sports bettors should NOT use their rent money to place a sports bet.   Well, that is true.  However, if you are making sports bets for a living it is also true that you must not use your gambling bankroll to pay the rent. 

The thing to remember about sports betting is the amazing return on investment (ROI) that is possible.  The return on investment is a function of the winning percentage and the amount that is invested.  The amount invested is a function of how many games (investments) are bet and how much is your bet on each game.  

I suggest that you bet 1% of your bankroll and that you continue to flat bet until your bankroll has grown by at least 25%.  Once it has reached the goal of 25%, then you should recalculate the 1%.  Thus,  if you started your bankroll with $50,000, you would make your sports bets at $500 a game until your bankroll grows to at least $62,500.  At that point,  I would suggest that you refigure your unit in making your sports bets to $625.  This way your actual risk reward ratio does not get too high.  In addition, you should never lower your sports bets no matter what others tell you.  Keep in mind, that if you vary your sports bet, your breakeven goes up.  Thus,  at a 1% unit you can ride through a losing streak and not vary your sports bet. 

If you enjoyed this post, make sure you subscribe to my RSS feed!


 

About the Author:

Richard provides articles and information about sports betting on his website at http://www.24-7wagering.com


This Article is Brought to you by:


Sports betting is always an exciting time at the sports book featured on this site.  Our various sports books feature live lines for almost every event held around the world. Be sure to view all the different sportsbetting options available for both American and International betting lines.

It does not matter if you are a sports betting fan in the Mid-Atlantic states or in Manchester, England; you will always find great betting lines available for football, basketball, baseball, hockey, soccer and more.

The excitement of sports betting is truly unrivaled when it comes to most other forms of gambling. When betting on sports, you are able to view online betting lines for your favorite sports teams in action all year round to help build your bankroll.

In today’s high tech internet world, sports book betting can be done easily on the web. Sports book betting is just a few clicks of your keyboard away and the benefits that it can offer are numerous.

Considering sports book betting online is worthwhile than betting with a local bookie as it gives you a number of different options. As you may know, the sports books online are generally in competition with one another. As such, they tend to change their sports book betting prices to be more competitive.  In addition, online sports book betting gives you the chance to find the better odds than anything you can find with your local bookies, even though you have lost the patience and the time to search for sports book betting companies for the best lines. 

Now, how can you make your sports book betting on the web a reality?

All you need to do is to open a sports betting account now!

 

 

 

Gambling Related Articles:

Free NBA Betting System

Free NBA Betting System You will find lots of NBA betting systems and strategies on the internet.  Some do well, ...

By: Richard Bleuze

Sports Betting Terms

If you are new to the wagering game, or just looking to learn more about certain phrases or terminology, here are some common sports betting terms and definitions....

By: Richard Bleuze

NBA vs. NCAA Basketball

NBA vs. NCAA Basketball Well, with the NBA season starting this week, I thought that I'd ask the question which is debated year after year. Which do you prefer, NBA betting...

By: Richard Bleuze

Updated Gambling Related News:

O'Neil: Marinatto never had a chance as Big East puppet King: For coaches like Shaka Smart, Brad Stevens and Gregg Marshall, home rea... Ex-Syracuse coach's wife to sue ESPN for libel

.go.com/mens-college-basketball/story/_/id/7937124/syracuse-orange-ex-coach-bernie-fine-wife-laurie-sue-espn&service=bit.ly&source=espn">


ACC head won't deal with Fla. St. 'hypotheticals' Committee selects D.C. to host East Regional