If you want to survive in the game of sports betting, Topbet Online in Reviews 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. Games And Casino 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, Topbet Online 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, Where Can You Bet On Sports just remain diligent and the rewards are sure to follow.
Topbet Online in Reviews?
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.
Football (Soccer) Betting Strategy - Discover Winning by Picking Draws
Now that we have put the Barry Bonds/ Babe Ruth blah, blah, blah to sleep, I think it’s time that we sat back and wagered a few bucks on our favorite MLB team. Parity is here and every one of the six divisions is up for grabs this year and handicapping these teams, takes patience and talent.
Let’s start with the glamour division and of course I am referring to the American League East where the New York Yankees and Boston Red Sox have been trading punches since the opening week of April and George’s boys are now sitting in the penthouse.
Lurking down in the lobby are the Toronto Blue Jays who have fought off injuries to their starting pitching staff, with superb hitting and are 32-25 and are just three games back. Toronto has made it clear from the get go, that they will spend money during the season in order to contend.
In the AL Central my 9-1 betting bonanza and that would be the 2005 Chicago White Sox are scuffling a bit after a torrid start and presently trail the Motown Detroit Tigers. The Tigers began the first 50 games under Jim Leyland in spectacular fashion, but injuries are beginning to hit them, with the latest being to Pudge Rodriguez.
At 28-29 the Cleveland Indians will make a move at some point and placing a few bucks on them, could provide you with a nice return on your dollar. The AL West with Texas, Oakland, Seattle and Los Angeles is a crapshoot, with only 5.5 games separating the VIP section and the cheap seats. The first place Rangers incidentally are the only team in the West with a winning mark in games played within the division and against the powerful AL East and you cannot ignore that vital gambling statistic.
The New York Mets like their neighbors the Yankees like to throw the money around and they sit atop the NL East presently, but the Phillies and Braves can almost reach out and touch them. With 14 straight division titles, I certainly would think about a wagering a few bucks on them to win once again.
The Cardinals are suddenly trying to ward off the Cincinnati Reds who are getting healthy and pounding the ball. The Cardinals meanwhile have all kids of injury issues with Pujols and ace Chris Carpenter does not look stable.
Just like their counterparts in the AL West, the NL West Diamondbacks, Dodgers, Padres, Giants and Rockies are in a fierce battle for supremacy. Just six games separate the top and bottom, with Arizona leading the pack. The Dodgers are getting superb play out of Garciaparra and if their veterans can stay healthy, watch out!
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