I want to revisit the importance of managing your money properly in order to make money betting on sports. No matter how strongly you feel about a bet, you have to bet the same amount on each bet you make. This is called flat betting. Forget the following notions:
1. This is a 5 star play!
2. Play of the month!
3. Can't miss!
4. Unload on this one, and so on.
If you are a beginner, shut out all the hype and bet the same amount on every game.. Always remember Murphy's Law: What can go wrong will go wrong.
If you are an experienced bettor but are losing money I would bet that you do not have a solid, unwavering money management system in place that you stick to no matter what.
I spent the last few days studying my recommended bet amounts. In class I have been telling folkes to bet 2% of their total bankroll. Your bankroll is the money you have set aside for betting. It's not your monthly rent, food or child support obligations.
One adjustment I have made and this is particularly important for my current subscribers, is that you can bet between 2%-4% of your bankroll and still keep your money safe. So by example if your allocated bankroll is $1000, 2% would be $20 and 4% would be $40 per bet.
In my next post I will discuss when and how to change your bet size depending on whether you are making money or if you are going through a bad streak and your bankroll has dropped a few dollars.
By the way, I do get a lot of inquiries about my service which is $50.00 per month to get my plays e-mailed daily, and I appreciate the inquiries. If you cannot comfortably bet at least $20.00 per game do not pay for my service. What I do is not a get rich scheme for people that are in a desperate situation. Rather, it is an ongoing process that over one year should easily triple your starting bankroll.
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Good post but I was wondering if you could write a litte more on this subject? I’d be very thankful if you could elaborate a little bit further. Appreciate it!
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