Money Management in Sports Betting

Money management is vital to anyone trying to make a profit wagering on sports. Too many gamblers focus their attention on winning percentages and that one lock of the week they can place most of their bankroll on. This is a recipe for disaster. At the start of the season you must set aside a starting bankroll. While bankroll size will differ from player to player, you should never exceed 5% of your bankroll on any single play.

Smart players don’t fall into the many pitfalls that lie in wait for those who don’t have strong money management guidelines in place at the start of the season. Keeping your wagers within the size of your budget will protect your bankroll throughout the long football season. THERE IS NO SUCH THING AS A LOCK. Now go back and read the last sentence five more times before we move on. This is the biggest mistake gamblers make year after year. Anything can happen on any given Sunday. Problem gamblers get into trouble when they try to triple their winnings or try to win back their losses on that game that looks like the lock of the year. Having strict guidelines early and not having the urge to load up on that one sports pick that just can’t miss will protect your bankroll and lead you to a profitable season.

Related posts:

1. The Science of Money Management
2. Taking Dogs: Profitable Sports Picks
3. 3 Keys to Successful Sports Picks
4. College Basketball Picks: The Best Chance to Win ATS
5. Sports Handicapping 101: Don’t bet on Bad Teams

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