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Money Management in Betting on Sports

June 19, 2013 · by admin2014 ·

When betting on sports, it’s no surprise that you should know that hundreds of bettors lose their bets. Well, losing at sports betting is just normal. But didn?t you wonder why so many people lose at betting on sports despite the fact that sports betting offers them better chances of winning? Some claim that it’s because of poor handicapping. But even if this can be true, for me it’s not the actual reason why bettors lose as there are countless folks who are expert handicappers who still lose their shirts year in and year out. The fact is, people lose at betting on sports because of poor management skills.

People who have poor money management skills are usually uninformed. However, this is not often the case as others manage their funds poorly because they are undisciplined. No matter the case may be, people who lose at betting on sports are both uninformed and undisciplined.

So if you’re seriously interested in success in betting on sports, I guess it is very crucial for you to make plan and remain disciplined. As what almost all of the money management experts often say, it is advisable to set up your personal goals, your strategy for winning at betting on sports, and of course some betting rules that you will always remember during your sports betting.

When i state putting together of your goals, what I mean isIi mean , thinking first from what you need from a certain sportsbook. You should create your goals as money limit that you want to earn. Always remember that when betting on sports, you ought to bet simply with money that he or she can afford to lose. To put it simply, never bet with money that you simply can’t afford to lose or you do not have for this can only bring you lots of problems ultimately.

Once you have setup your betting goals, you should then start defining the betting strategies you might take. One particular winning strategy that I am familiar about is the so-called betting on singles only. According to many expert bettors and handicappers, it is very important that when betting on sports you avoid accumulators.

Perhaps one main support for this is the fact your possibilities for winning at sports betting are decreasing with every game added in accumulator. So at the beginning of the game or the betting season, make an effort to create your usual betting amount and only bet most of your singles. Then, when you find yourself winning in a particular betting season, don’t increase stakes. This is also true when you are in losing streak either.

Finally, betting on sports needs a time for little rest. So when you are on a loosing streak when betting on sports and it seems that you cannot win, reckon that maybe it?s time for you to take a little rest. Consider to not bet for a week or two. As far as I know, this will help you obtain a better look at things. Also, think that in sports betting not every seasons are in your favor. You ought to know that most punters enhance their bets every time they loose couple of bets because they think that they can?t miss all the time. The fact is, this is not a truth for all times. The thing is, don?t be greedy.

Filed Under: Horse Race Betting · Tagged: betting on sports

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