If you want to survive in the game of sports betting, Best Online Gambling in List then you have to use effective money management. I recommend that you follow these guidelines at all times.
- Only invest what you can realistically afford to lose. Sports Betting News you have to remember that you really do not need to start with al a lot of money. I got started with only $100 dollars and I followed the system and my money has doubled over and over again over the course of years.
- Do not make your initial bet too high. Only invest 5% of your total bankroll for a flat betting system (in which you bet the same amount each time) and no more than 2% for a progressive system. You need to be patient here and allow your systems to do their slow and steady work.
- Increase your initial bets when your bankroll has increased by 25%. This will increase your earning power, Best Online Gambling just remember to stick to the suggested percentages in #2.
- Remember to Diversify your portfolio. If you have a total bankroll of $1000 and 4 systems that you would like to use, then each system should be allotted $250 and you have to keep those amounts separate.
You have to be disciplined in your use of your systems and in your money management strategy. It can be difficult especially you are doing exceptionally well or if you are losing badly. You may be tempted to deviate from the systems or the money management guidelines in either of those situations. But do not, Sports Betting News just remain diligent and the rewards are sure to follow.
Best Online Gambling in List ?
Sports betting offers a fun and exciting way of earning money online. It combines the fun of enjoying your favorite game and the additional excitement of getting money from your sports team's victory. There are those who make online sports betting a way of earning money. They improvise a system that will make the chance of winning higher by using facts gathered from previous games. While some bettors bet based on instinct or according to their personal favorites, bettors that aims at earning money would use a formula based on available resources to improve their chance of winning. There are websites that use sports betting system to predict winners. Look for the best sports betting website for a more reliable predictions.Luck still plays a big role in winning or losing the game. But there are measurable aspects of the game that will balance luck with probability which therefore increase the chance of winning. Bookmakers often change the weight of winning and losing stake to encourage bettors in a lopsided game. There is a choice whether to stay on the safer margin or go against the odds for a larger stake. Wise bettors tend to go safe and ensure win with lower stakes while those who like to gamble would go with the spread for a larger stake.The best sports betting strategy is to bet against the public. Bookmakers will prompt you to bet against the public whenever certain games are causing the public to bet on a match in favor of a losing team. This will cause a high percentage of winning to those who will bet in favor of the winning team. Bookmakers often require subscription to be able to get alerts on the games with a high percentage of winning against a public bet. The subscription is actually just a small amount compared to the potentially large sum of to be won through their betting against the public alert. Look for a reliable bookmaker that will provide the best sports betting strategy.Subscribing to a bookmaker for best sports betting strategy is profitable in the long run. It would give the bettor an edge over other people because he would have an access to the bookmaker's trade secret which is the alerts whenever there are games where there are rampant bet against a team with high probability to win. The subscribed bettor will be ensured of a good percentage of winning. He would still be subjected to lose in some of his bet but because of the high rate of winning against losing, he will profit in his business over a period of time.Online sports betting is a profitable business for some people. There are ways to guarantee a high percentage of win by subscribing to website that specializes in analyzing information gather from previous games. The result of the analysis becomes the basis for a team's winning percentage in their next game. These websites offer the best sports betting system in the internet. They can guarantee that bettors subscribed in their website will produce good results.
Betting On The Tigers This Weekend Gets Tricky!
This is the third instalment in a series of articles on profitable betting through sensible money management. So far, I have discussed the importance of getting value when you bet, to maximise the returns you achieve when your selections win. In the most recent article you should have learned to keep your stakes in proportion to the size of your betting bank.
Today I want to examine a common mistake that often gets punters into serious trouble – chasing your losses.
I don’t think there can be many of us who have not at some time, decided to get back what we just lost by betting a little bigger on the next race. It is sometimes known as progressive staking.
Let’s take a simple scenario: you bet £10 on Red Rum, and he loses. What do you do? Perhaps you continue with your selection methods and come up with another pick in the next race – Best Mate. The price is 6/4F
But, rather than putting another £10 bet on Best Mate, you decide to ‘chase’ your loss from the last race. You add another £7 to your stake so that when Best Mate wins you will pick up an extra £10.50 to recover the bet you lost on Red Rum. Good plan? Could be, after all Best Mate is a sure fire winner, right? May be. May be not!
What happens if Best Mate loses? You are now £27 ‘in the hole’. But you still have a plan. Your next selection is a dead cert winner at Even money. You place your usual £10 stake plus an extra £27 to cover your losses so far. No need to worry. When this one comes in, you will have re-couped your losses and have a £10 profit to show as well.
Let’s take a step back here. You are staking £37 to win a £10 profit. Think about it – you are effectively getting odds of only around 1 to 4 odds-on about a horse that is Even money in the market. That is terrible value!
You may escape this time and your horse may well win. But what if, heaven forbid, your red-hot even money favourite fails to win? After just three bets, you are down to the tune of £64 when your normal stake is just a tenner!
Long losing runs do occur, more frequently than you might think, and even with short-priced selections.
If you spent a day in a casino at the roulette tables, and analysed how many times you witnessed a run of 7 or 8 consecutive ‘red’ numbers, I would not be at all surprised if you saw this happen four or five times – in a single day. Here we have pretty much a 50/50 bet, even money, that the roulette ball will land in either a red or a black slot. Yet I was amazed to learn that the longest run of the same colour (reported) was THIRTY-NINE consecutive reds!!
Imagine if you were betting on black, and saying to yourself each time “no worries, it’s got to be black next time…. Surely?”
But let’s go back to the more common occurrence of a losing run of 7 even money bets. We will be betting on the red.
We place a £1 bet on the first spin. It’s black. We chase our loss by ‘doubling up’ and next bet £2. If we were to carry on in this manner, after 6 spins we would be betting £64 to win our original £1
I sincerely hope my point is getting across. By chasing your losses you can very quickly see your stakes climbing to preposterous levels, to win your original, relatively small stake. The risk is way out of proportion compared to the potential reward.
One last example to really ram the point home. The Racing Post runs a tipster competition. All the leading racing journalists are involved, representing the nation’s newspapers and horse racing publications. These are experts at tipping horses. Take a look at the results table any day, and see for yourself the longest losing run. Remember, these are the experts.
I looked today, and Racing Post PostData has suffered this season a losing run of twenty-seven. Twenty-seven consecutive losers from an expert tipster! And believe me, he is not on his own, just the worst offender this season so far.
There is an old saying – “Don’t throw good money after bad”. If your selections don’t make a profit from simple level stakes betting, don’t try and make them profitable by throwing more money at them. You may survive with a profit for a while, but this approach is a disaster waiting to happen. Sooner or later you WILL blow your entire bank chasing a disproportionately small profit.
If your selections don’t make a profit from simple level stakes betting, change your system.