Money management for success on sports laws:

A fundamental strategy for filling long-term profits

Face it: the number one goal of any sports bettor is to win money. Nobody likes the feeling of betting on a sporting event and then losing the money they earned hard because their team did not win the game or cover the spread point. It has been widely discussed in the past that many people who bet on sports lose money in the long run. 

After analyzing this trend, one of the biggest problems that most amateur bettors have is a poor, if not non-existent, money management strategy. While nothing in sports betting is ever sure, there are some very important skills you can learn, and implement today that distinguish you from the majority of people who lose money in sports betting. . You can become one of the few who show a beautiful victory.

This article is by no means all that you need to know or consider with a money management program, but it does give you a SOLID basis from which to build your bankroll month after month and year after year.

Set Sports Betting Goals

As I said before, people bet because they are trying to see a profit. One of the most important questions you need to consider when developing a winning plan for success is:

1. How much money do I want to make each month or year from sports betting, and do I have enough money to start achieving this goal?

Good if you don't have a clear understanding of what the answers to the above two questions should be. It will soon be completely clear.

Let’s use an example of an unrealistic goal: I want to make $ 500 a month in sports betting. I have $ 500 to start at the beginning of the football season.

FORGET, GO TO FIND A NEW PASSAGE, OR GO PLAY THE LOTTERY!

Let’s now use an example of a realistic goal: I want to make and bet extra $ 100- $ 300 per month on sports. I have $ 3000 to start at the beginning of the football season.

THIS IS VERY REALISTIC NOW, AND THIS ARTICLE WILL SHOW YOU HOW TO DO IT MORE AND MORE BY FOLLOWING THAT BASIC MONEY MANAGEMENT SKILLS.

Like any business, if you treat sports betting like a serious business, money can be made, if you understand what is involved. Many people have unrealistic expectations that they can bet $ 50 on a $ 500 banknote and double their money in no time. IT WILL NOT WORK THIS WAY. We will now look at how you can set up a fair bankroll for your betting habits, set realistic goals, and execute your sports betting as you would any other company.

Bankroll size

The first thing you want to do is create a starting bankroll for your sports betting, and then decide how much you will spend on each particular game. Your bankroll should always determine the size of your bets, and the size of your bets should correlate with the size of your current bankroll.

Let the size of the bankroll be defined as the amount of money available to make your bet, and the investment car to build your profit. The most important betting technique we use, and which we advise you to use for long-term success with the majority of your bets, is a basic fixed rate of 2% of the bankroll. This means that if you start with a $ 1000 pa bankroll your first bet will be $ 20, or 2% of your bankroll. 

Why 2% may ask? With 2% bets, you have almost no chance of losing your entire bankroll during a series of losses, because if your bankroll fails, a 2% bet will also fall. As things get hotter and hotter, and your bankroll grows to more than your first $ 1000, you have to increase the size of your bet, simply by being disciplined and sticking to the fixed rate of 2% of the bankroll system. Below you can see what 2% of different bankrolls look like.

% of Bankroll Initial Bankroll Bet Size

2 100 2

2 500 10

2 750 15

2 1000 20

2 1500 30

2 2000 40

2 5000 100

2 7500 150

2 10000 200

2 20000 400

2 50000 1000

Now you can see that if you're the kind of person who feels comfortable with a $ 20 game bet, you should start with a $ 1000 bankroll. You should use this type of system to minimize your losses. during a cold streak and maximize. Your Profits During a Hot Streak

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