[ Site Menu ]
| © 2006
Sky Betting Vegas
Succeeding with Sports Betting Money Management System
Has it ever occurred to you are spending too much money on your sports wagers? If you have ever wondered if you are spending unnecessarily for your bets, then you most likely are. You wouldn't have wondered in the first place if you have a sports betting money management system in place. Many gamblers eventually lose because they don't have a good money management program in place. They end up betting too much or too little. It's often common to hear of people placing more than 20 percent of their bankroll at risk on a single game.
Determining How Much You Should Spend
A good sports betting money management system will help you determine how much you can and should place at risk per game. Of course, the amount will initially depend on how much you can afford to lose. You need to consider the amount of money you have in your bankroll. You also need to consider how much you can afford to lose for the whole season. To make things simpler, the rule of the thumb is that you should not place more than 3 to 5 percent of your bankroll in any given game. In fact, ideally, you should stick with only 2 to 3 percent of your bankroll. This rule is actually what is common to each and every sports betting money management system.
You Always Stand to Lose Your Wager
Always remember that no wager is a sure bet. You always stand to lose. Even if you have won 80 percent of your wagers throughout the whole season, you still have 20 percent chance of losing your next wager. So, never go overboard with your wagers. Of course, there are situations which would warrant a higher amount of wager. However, you still need to be extremely mindful of the potential losses.
You need to set up the amount of money you are can afford to lose as wager before you even start placing your bets. This is actually the crux of every sports betting money management system. You stand to lose a lot of money if you don't adopt this strategy. If you continue betting more than 5 percent of your bankroll with every game, you will likely deplete your bankroll in no time at all.
If you are considering placing wagers on sporting events, you should definitely set up a sports betting money management system. You will likely go far, survive and succeed if you have a money strategy backing up your wagers.