Learning to manage your money properly is certainly
an important factor in successful sports betting. Overcomplicating
the process and not maintaining consistency are easy mistakes
make. It's your money, you've earned it. Don't throw it away.
The amount you wager on each individual game
should be determined by the size of your bankroll, and nothing
else. Many amateur bettors take themselves out of the game
early by increasing their wager amounts when they are down
or feeling lucky, etc. The seasoned professional knows how
to ride the waves, maintaining a consistent, predetermined
Successful sports handicapping is a marathon
- not a sprint. Those who get involved to make 'a quick buck'
will generally fail. Establish your bankroll and wager sizes
by what makes you comfortable and nothing else. Never wager
more than what you can comfortably lose. Your betting bankroll
should come from completely disposable income! Once you have
established what your betting balance is, you should determine
an average bet size. Most professionals recommend the average
wager to be somewhere between 3-5% of your total starting bankroll.
A good place to begin determining the size of your individual
wagers would be to rate the games by strength. Try to avoid
breaking your strength categories into more than three or four.
If you choose to rate your games on a typical star system,
set aside a certain level wager for your highest rated games
and drop the wager size accordingly for your lesser-rated games.
Games you choose to take solely because they are on TV or because
you're attending should be given the lowest rating.
We cant stress enough, consistency and
discipline in rating your games is critical. Don't overuse
the highest star rating and don't force too many fun bets.
Through it all, remember that before you were a sports bettor,
you were undoubtedly a sports fan. Sports betting can be very
enjoyable, but it can also be a very frustrating experience.
By equipping yourself with the right information and using
proven money management strategies, you'll certainly increase
your chances of making sports betting a profitable experience!