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.
Football Forecastor is home to the nations most prolific sports handicapper, we specialize in NFL and College Football handicapping and take sports betting to a whole new level by treating sports wagering as an investment.
Over the past 30 plus yrs, I have been on both sides of the Sports Investment Business, as a entrepreneur that ran his own business, to building and maintaining a Private Clientele base that Greatly Benefits from my Superior Handicapping expertise in the sporting arena.
Football Forecastor has been an internet based sports handicapping service since 1997, we specialize in NFL and College football handicapping and over the past eight years have maintained one of the very best winning percentages of any sports handicapping service.
If you are looking for a Proven winner that churns out Consistent NFL and College football winning selections visit us at http://www.footballforecastor.com and start winning today!
 Google News Updated : Tue, 14 Oct 2008 11:56:09 GMT Milk, Sunshine Each Day Keep the Doctor Away - Washington Post
Washington Post - ยท Kids from newborns to teenagers should take twice as much Vitamin D as previously recommended because it may help prevent serious disease, a leading medical group said yesterday. Video: HealthWatch More tenacious about vitamin D Publ.Date : Tue, 14 Oct 2008 06:17:28 GMT Asian, European Markets Continue Upbeat Rally - Washington Post
Washington Post - By Blaine Harden TOKYO, Oct. 14 -- Feverish buying in Japan on Tuesday replaced last week's market panic, as the benchmark Nikkei stock index soared to its largest-ever percentage gain in a single day, up 14.15 percent -- part of a global rally in ... Video: Asia Markets Mostly Up Monday World Markets Reflect Growing Hope Publ.Date : Tue, 14 Oct 2008 10:11:14 GMT Berlusconi Shares Investor Pain With $2 Billion Loss (Update2) - Bloomberg
Bloomberg - By Andrew Davis and Lorenzo Totaro Oct. 14 (Bloomberg) -- Prime Minister Silvio Berlusconi promises Italians they won't lose ``even a euro'' of their bank accounts in the current credit crisis. Video: Bush Says He Will Help US Banks Bush To Speak About $250 Billion Banking Rescue Plan Monday Morning Publ.Date : Tue, 14 Oct 2008 09:46:59 GMT House Race Is Shaken by Report of an Affair - New York Times
New York Times - By IAN URBINA WASHINGTON - The Florida congressman who succeeded Mark Foley after he resigned because of a sex scandal is now embroiled in a sex scandal of his own, and has requested a Congressional ethics investigation to clear his name. A Florida (House) Bombshell House to investigate lawmaker for alleged affair, ethics lapse Publ.Date : Tue, 14 Oct 2008 03:20:36 GMT Cambodia: Thailand withdraws troops from border - The Associated Press
The Associated Press - PHNOM PENH, Cambodia (AP) - Thai troops retreated from a disputed border zone Tuesday, a Cambodian general said, averting a possible military clash after Cambodia's prime minister issued an ultimatum to Thailand to withdraw by midday. Thai army to maintain troops in disputed area Thailand, Cambodia spar over border troop positions Publ.Date : Tue, 14 Oct 2008 09:51:31 GMT Kashkari Leaps From Obscurity to Lead Role in US Bank Rescue - Bloomberg
Bloomberg - By Robert Schmidt and Rebecca Christie Oct. 14 (Bloomberg) -- Minutes before Neel Kashkari's public debut as the chief of the US Treasury's financial rescue plan, he sat in a hotel lobby in Washington, unrecognized by many of the international bankers ... What Treasury is planning After Historic Rally, Feds To Buy Bank Ownerships Publ.Date : Tue, 14 Oct 2008 07:57:34 GMT North Korea to resume nuclear dismantlement - The Associated Press
The Associated Press - SEOUL, South Korea (AP) - North Korea planned to resume dismantling its nuclear program Tuesday for the first time in two months, days after the United States removed the communist regime from a terrorism blacklist as a reward under a disarmament pact. IAEA: N. Korea disabling set for Tuesday North Korean foreign minister set for nuclear talks in Moscow Publ.Date : Tue, 14 Oct 2008 09:11:42 GMT Make Money Online |
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