There is no doubt that making winning wagers is a must to find success, but even more important than that is adhering to solid money management guidelines with one’s bankroll. Nobody is going to win every bet, in fact, the best handicappers strive for 60% or better each year. So making sure you always are “in the game,” money management and not chasing losses is the best way to cash in!
Sports Bankroll Management Techniques
While there are varying opinions out there on what exactly proper money management entails, a general guideline for new bettors is to wager between 2-4% of your betting bankroll on a particular game. Every bettor goes through up and down swings, so with big plays being at the higher end of the range, navigating your way through the down times is much easier.
There are countless stories of good handicappers (ie picking winners) going broke and missing out on the next great betting opportunity because they practice poor money management and get burned big when things don’t fall right. Successful sports bettors know that it’s a marathon, not a sprint, so keeping to those guidelines basically ensures you’ll always be in the race.
Properly Managing Your Sports Betting Account
When you properly manage the funs in your sports betting account, there won’t be any serious sweating on an individual outcome. While the losses will still happen, they’ll never break you and as long as you don’t start chasing losses during a downturn, things will turn back around. Now, sticking to proper money management is a lot easier said
Now, sticking to proper money management is a lot easier said then done, but trust me, but there is no more satisfying feeling then knowing you can handle the ups and downs that will inevitably come when taking sports betting seriously. Remember, as your betting account grows, so will your bet sizes as you will always be using a percentage of your bankroll rather than a certain number.
It works the other way as well during a losing stretch as you’ll still be able to make strong plays that you find during your handicapping process and grind it out to get back to where you’d like to be. Winning a big wager on a single game is always nice, but wouldn’t you rather provide consistent, monthly/yearly income year after year from sports betting? Practicing strong money management and always honing your handicapping style will get you to that long-term goal.
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