Sports Betting and Money Management
Your bankroll must be protected at all costs, a good bankroll will get you thru the ups and downs of sports wagering.
You must think of Sports Wagering in the very same light as you would Stock Market investments... in either form of investment, you have to have a "Cushion" to get you thru the ups and downs of a market that naturally rises and falls during any given cycle.
I recommend wagering NO MORE than 5% of your bankroll on any one game, period. I have found that the very best way to protect your bankroll is to incrementally raise or lower the amount that you will wager by "Percentage of Bankroll".
For example, lets say that you have a starting Bankroll of $5000, this should be an amount that is set aside and dedicated to nothing else but sports wagering, don't fall into the trap of the ordinary "Joe Public" type of gambler that does not start the season with a "Dedicated Starting Bankroll" and instead finds themselves dipping into their mortgage or rent payment or car payment and before long winds up playing with "Scared Money" because they know that they can not afford to lose, this type of gambler usually ends up digging a hole for themselves that they can not climb out of!!
When utilizing the "Percentage of Bankroll" concept that I mentioned, a top play selection would be 5% of your starting bankroll, in our example let's say its $5000, thus 5% of $5000 is $250.00, a medium play would be 3% of your starting bankroll, but most plays should fall into the "Regular" or small selection status of only 1% of your starting bankroll.
Each week your starting Bankroll would be different because of how you did the previous week, therefore, each week your wagering amounts based on 5%, 3%, and 1% of the bankroll would be different.
So, I would recommend either using a "Flat Betting" system which means that you wager the same amount on each contest but is still based on percentage of bankroll and self adjusts each week based on your new starting bankroll.
Or use the incremental system of 5%, 3%, 1%, to wager different amounts on different games, but keep in mind that the top wager is still only 5% of your bankroll... remember this simple rule of thumb and it will keep you out of trouble my friend!!
Using either system as I have outlined will keep your bankroll safe and sound over the ups and downs of a long season.
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