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General Discussion / What is the key to successful sports betting?
« Last post by Kebash on Yesterday at 11:10:13 PM »I don't consider myself an experienced gambler, but I have placed quite a lot of bets in my life and am familiar with the terminology. Apart from this, I also managed to win money by following some important and fundamental rules that I believe any sports bettor should follow in order to make profitable bets.
Money and bankroll management. This aspect cannot be overstated because I believe this is the main reason why most players lose money. You should not bet more than you can lose. Even though this is obvious, I think it still needs to be said. Additionally, it is extremely important to have a strict betting system. When I talk to new players, I always have a question: “How much money should I bet on one bet/parlay?”
I always recommend that they follow the formula that I discovered several years ago and I still stick to it to this day. Bet on percentage! This means that you have a certain percentage that you place on your bets, taking into account how risky the bet is. Never exceed 10% of your bankroll. This is 1/10th of the money you bet, it would be foolish to go beyond that because no bet is a "lock" no matter what some players tell you. Every bet involves risk and you should try to minimize it as much as possible.
I usually bet 3, 4 or 5% of my bankroll on one bet. This allows me to have variance in my bets. This allows me to bet big if I want (which means I bet on a lot of sporting events). It also automates my betting. If my bankroll increases, that means my bets will increase too. It also happens the other way around: if my bankroll decreases, my bets will drop. This is a great way to ensure that you never go broke on your gaming account unless you hit a monumental cold streak.
Money and bankroll management. This aspect cannot be overstated because I believe this is the main reason why most players lose money. You should not bet more than you can lose. Even though this is obvious, I think it still needs to be said. Additionally, it is extremely important to have a strict betting system. When I talk to new players, I always have a question: “How much money should I bet on one bet/parlay?”
I always recommend that they follow the formula that I discovered several years ago and I still stick to it to this day. Bet on percentage! This means that you have a certain percentage that you place on your bets, taking into account how risky the bet is. Never exceed 10% of your bankroll. This is 1/10th of the money you bet, it would be foolish to go beyond that because no bet is a "lock" no matter what some players tell you. Every bet involves risk and you should try to minimize it as much as possible.
I usually bet 3, 4 or 5% of my bankroll on one bet. This allows me to have variance in my bets. This allows me to bet big if I want (which means I bet on a lot of sporting events). It also automates my betting. If my bankroll increases, that means my bets will increase too. It also happens the other way around: if my bankroll decreases, my bets will drop. This is a great way to ensure that you never go broke on your gaming account unless you hit a monumental cold streak.