Sports Betting

Written by Jack Jones

Millions of people all over the world love sports betting, but not very many of these individuals win on a consistent basis. There is a lot of hard work that goes into picking winners, but even if you are working hard you need to have the right tools at your disposal or you could be wasting your time. There are people out there who are betting just to get some entertainment value out of it, the excitement of having action on the games, but if you fall into this category then this site isn’t for you. We created this web site for those individuals that have a lot more fun with gambling when they are winning money from the sportsbooks, which I would say is most of us.

We use a lot of the same principles for the following activities:

Gambling Money Management

When sports betting you need to play your money intelligently. The first step is to never bet more than you can lose. This is an investment and any intelligent financial advisor would never try to tell you to put all your eggs in one basket, to risk your family’s daily living expenses trying to invest in the long term. The same applies to gambling on sports, set a budget and stick to it. This can be a combination of both entertainment and investment money that you set aside, but no more than that. This will ensure that if you hit a bad streak to start off and things go south, you won’t be risking more than you can handle.

Another step smart money managers take with gambling is to never chase your losses. Why throw good money after bad? This is the easiest way for sports bettors to go bankrupt, trying to double up on a late game when they lost during the day or starting to press and double your units up when you hit a losing streak. Keep steady with the unit values that you set up at the beginning of the season, whether you are winning or losing. You only want to adjust at the finish of the season, whether it’s football betting, basketball betting, or baseball betting.

The key to success with sports betting is to focus on the long term goal of winning at the end of the season and not just trying to win on a day-to-day basis. Over the short term anyone can get lucky and win a few games, but it takes skill and hard work to take the books down over the course of the season. You can’t simply get lucky and beat the man 365 days a year. If you come to this understanding then a few other minor principles should logically click in your mind. You can’t let a bad beat get you down and change how you handicap the next day’s games. If you keep your eye on the long term prize, this isn’t going to be a problem but if you get too emotional in the daily swings, it will.

One way that we have found it easiest to make sure all of our visitors keep their emotions in check and think long term is to give them a guide on how much to bet per game. We cannot stress enough that you shouldn’t risk more than 5% of your bankroll on any given game, and if you are doing a consistent unit value on each and every game this should be somewhere between 2-3%. You can also keep your emotions in check a lot better if you keep away from parlays. This is not a profitable venture for most gamblers anyway, but you are going to see a lot bigger swings in both directions if you use them, and a steep swing down can lead to pressing.

Sports Betting

We have a lot more sports betting information for you on this site, so check out the links below and become a better sports gambler.

Comments

One Response to “Sports Betting”

Sam Oconnel on May 19th, 2011 1:04 PM

“The key to success with sports betting is to focus on the long term goal of winning at the end of the season and not just trying to win on a day-to-day basis.”

That is so true. In fact, if you want to win you CANNOT play every day. The good opportunities are a little more scarce than that.

You win with patience and a plan.

Thanks for a great article.

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