How to Manage Your Won Money at Gambling and Sports Betting from Busting It Up at Online Sportsbook

Have you heard stories about people hitting big jackpots, winning high staked all-in Texas Hold'Em poker or going on hot streaks in sports betting ???

Of course you have.

And what happened with most of these (short time to get large amount of money) people ???

Simple answer -- they got a complex of being unbeatable and lost all the money they got in these short time and even went busting their entire bankroll in trying to get back on hot streak.

Don't let that to EVER happen to you.

All you have to do is to follow...

RULE No.1: Maintain The Right Money Management.

1st and most important rule you have to implement is how much money are you going to maximum bet on 1 bet?

These can either represent a:

  • % of your bankroll (like 2% or 5%) or
  • it can have a fix amount (like $200 or $5000).

    • I myself bet 5% of my current bankroll and I change my stake every 2 weeks (that's 2x a month). That means that I start a year with the 1st day of NBA regular season and I bet a $1000 on a single bet. Then I change amount every 2 weeks BUT my stake is always 5%.

    Example:

    My starting bankroll is $20.000 and 5% is $1000. After 2 weeks my current bankroll is let's say $28.000 so 5% is $1400 and so I bet for the next 2 weeks $1400 on every SINGLE bet.

    But don't just read these lines here but...

    STOP READING AT THIS MOMENT and GET a decision HOW MUCH WILL YOU BET on every bet from now on !!!

    Take as many time as you want (minutes or hours I don't care) but please don't do it for my sake but DO IT FOR YOURSELF !

    Believe me you will thank me more then once in future for these step you will MAKE NOW !

    Let's continue to...

    RULE No.2: Always bet on SINGLE bets ONLY !!!

    The classic mistake an average bettor makes, is to bet on parlays.

    In any pro sports where any team can be defeated it is suicidal to bet on doubles or higher team parlays.

    Yes -- the odds are getting also higher but your chances are more rapidly falling then odds for winning this parlay is increasing.

    Fact: more teams you put in your parlays, the less chance you have to beat sportsbooks in the long run.

    You might win some parlays once in a while but in the long run you are just throwing your money away.

    And that's it.

    Stick with this simple 2 rules, obey them and you will be minimizing the risk of busting your entire bankroll in less then a week.

    The author of this article, Bruce Goldmayer - is a well known sports betting investor that also published
    an ebook Spank Your Bookie - How to Make & Save TIME and MONEY with Sports Bettting

    From his website you can also contact him about any questions you may have regarding this article or his ebook.
    You can GET a FREE Chapter or DOWNLOAD his ebook at http://www.SpankYourBookie.com

    More Resources

    Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

    More Casino/Gambling Information:

    Related Articles

    Compulsive Gambler Seeks Alternatives To Stop Gambling
    Compulsive gambler's life was devastated by gambling and now seeks alternatives to help his addiction before he loses everything. This seems to be a common trend among compulsive gamblers.
    Online Gaming In Your Face?
    Whether it is on the street or online, one cannot escape the force that has become the state of Internet gambling. You cannot hide from it because it is crossing international borders as easily as George W.
    FAST Roulette System: New, Unconventional , Latest Breakthrough in Roulette System
    This article is going to show you a new, unconventional , latest breakthrough in roulette system.The creator is a real genius.
    Compulsive Gambler's Journey To Day One Stop Gambling
    Its day one and this was the most exciting day in Justin's life. He made the choice to stop gambling.
    How to Win Free Online Poker Games
    Online poker is very popular, but not everybody plays for real money. The free games are a good way for inexperienced players to get a feel for how the games are played and develop some card sense.
    Gender Differences in Gambling
    Being a fairly regular gambler, I have noticed a few interesting differences between men and women over the many years I've spent on the casino floor. Although these observations are by no means scientific, the general results have more or less been consistent.
    FSBO: For Sale By Owners - A Novel Fiction Work Preface
    We are For Sale By Owners, "FSBOs." We spend our time trying to sell ourselves and others on what we are doing or what we want to believe.
    Virtual Casino Gambling
    You might be wondering how virtual casino gambling started and how or why this virtual gambling phenomenon has grown so rapidly.Take a quick look into history of gambling and you'll discover why virtual casino gambling was the next logical step and why virtual casino games are set to become even more popular than they already are.
    Online Casino Sign-Up Bonus and Match Bonuses - Easy Way to Lose Your Money
    Online casinos have many ways to "trick you" into gambling. One of the most common ways is offering casino bonuses, which can be divided into several categories.
    Baseball is Back!
    What are your goals for this season?In another week the boys of summer will be back in action for another season of Major League Baseball. During the start of each sports season I like to evaluate how things went the previous season, and set my goals for the upcoming season.
    How To Choose A Reputable Online Casino
    With literally thousands of online casinos on the internet, it can sometimes become very confusing as to which ones are safe and reputable, and which casinos are not. So many of them are beautifully designed, look very professional and offer great signup bonuses, so how does one go about choosing the "reputable" online casinos while avoiding the "dodgy" ones?When choosing an online casino to play at, one should always take into consideration the following points:Licensed casino: Is the casino licensed? While many online casinos are licensed, a significant number of casinos are not.
    Just The Best Online Gambling, Casinos, Poker, Sports Book
    BlackJack, Slots, Roulette, Video Poker, Bonus Slots, Stud Poker, Texas Hold em Free Money and Freerolls, All types of sports betting. Does this interest you? Read on!Is lady luck with you? Vegas, Atlantic City Etc.
    Slot Machines - Does Location Make a Difference?
    Books have been written on this subject and the debates and arguments about where the "hot" machines are placed in a casino are still raging - 60 years after slots were first installed in casinos.The classic rule is that the best slots were placed just inside the door of the casino, so that people walking by would see jackpot winners and be enticed to come inside and play.
    Spread Betting Basics
    Spread betting is a complicated venture; the statement is nothing but a popular misconception. Proponents of this form consider it to be real easy, once the new player has understood the concept.
    Poker Fever
    Big blind with my jack-three off suit, I found myself able to see a free flop as the action was checked back to me. Typically, jack-three off suit is a hand I, or any other poker player with the slightest knowledge of the game would not even look twice at, but when the flop of communal cards comes out jack-eight-three, it is a very pleasant surprise.
    Halftime Betting for Football
    There are several different ways bettors use the halftime wager, but for the most part, they use it more as a hedge bet. No matter how you want to bet a halftime bet, it is just another fun way to bet.
    Why TV Poker Can Make You Wealthy!
    There's an awful lot of poker on the television these days. If you wanted to you could probably watch poker on the TV almost round the clock and the big events like the World Poker Tour and the World Series of Poker receive massive coverage.
    2005 World Series of Poker -- Final Tournament Report
    Now that the 2005 World Series of Poker has finished, we can tell you what took place in Events #23 through #45. But most importantly we can announce what happened in the Main Event and who won the $7,500,000 top prize and became the 2005 champion.
    Addicted Gambler Can Not Stop Gambling Due to Tactful Advertising By Local Gambling Establishments
    Gambling has been a form of entertainment since the beginning of time. Today gambling establishments have created a world with in a world of beauty and elegance in order to entice you to enter their enterprise.
    Beat the Casinos
    Do you have what it takes to become a successful (and profitable) gambler? Read on and find out:1. A gambling systemNo matter what your game, a gambling system is being marketed to turn you into a winner.