Sports Betting - Money Management is a Must
In gambling, there is one
thing that will kill you. It’s not a bad beat, it’s not bad lines and odds,
it’s not bad luck, it’s not a failure to handicap, it’s not a good or bad sportsbook – there is one thing and one very important thing
that will kill you quicker than any of the before mentioned; bad money
management. If you are serious about earning money by way of sports gambling,
then you must be serious about our money. Your bankroll is everything, without
it you are not a gambler on any level and with it comes responsibility.
Insiders Sports Report - How to find a Trustworthy
Handicapper
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Set a budget: You must qualify
yourself. How much can you spend on each event, prop line, future bet, in the
casino, or in the racebook? You know how much you earn, and you know what your
bills are. You are the one that determines how much you can spend on gambling
each week. You set the amount, now you must stick to it.
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Never chase a bad beat: Bad beats
happen in sports just as they do in poker. The truth of the matter is they
probably happen more in sports betting than they do in sports. Listen – there
is a great deal of luck involved when it comes to betting on live sporting
events. It certainly goes a very long way to know what it is you are betting on
and what your chances of winning the bet is. You must be diligent and handicap
the games you are betting, at least on some level, this gives you a chance to
win.
Understanding the Bettor vs. Online Sportsbook
Relationship
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The biggest problem with not
sticking to a budget is “chasing”. When people lose, they are mad, and they
want to chase it to get their money back. This is a natural instinct. We all
hate losing and especially when there is money involved. Chasing leads to more
chasing and then before you know it you have either spent a large amount of
money that you had no intention of spending – and/or you find yourself in
financial trouble. That leads to borrowing and credit and a money trail that
you want nothing to do with. Never borrow money to chase a bet. We know at some
point, you are going to chase a bet. This is going to happen no matter how much
we tell you not to do it. We all do it from time-to-time. What you must never
do is borrow money to chase a loss. This will kill you very quickly.
You must discover how much
you want to play on each game and forget about the win/loss factor. Of course,
we all know that any sport has a win/loss factor. Take baseball for example –
the best teams will win 100-games, the worst will probably lose 100-games or
more.
Americas Bookie - Appealing to the Masses With Huge
Betting Menu
Find a happy medium with
your spending and do not take credit cards onto the casino floor. Play like a
wise guy. Find a great online sportsbook and seek more direction. You can certainly come to
grips with a spending problem and you can certainly learn to play within your
budget.
