Sports Betting and Money Management Tips

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The latest explosion in sports betting in the US has become a bonanza for Las Vegas and online gambling sites. But hotels and web empires are built with every increasing loss from today’s diligent sports gamblers. If only a daily sports gambler used simple logic and money management skills when approaching his daily choices.

Money Management in sports betting can sometimes be the difference between losing your shirt and breaking even Agen judi pulsa.

As an example. Many gamblers will buy “services” and receive several choices for a particular day. They are usually ranked (pick 5 stars, pick 4 stars, etc.). Your average gambler who views this list of choices will weight his bet according to the “value” given for each choice. But this is a critical mistake. If you get $ 500 on your 5-star pick, and $ 200 on a low 2-pick, you make yourself lose unnecessarily.

The first lesson is: If the pick is only 2-star, DO NOT PLAY !!! This might seem simple, but think: If you were given 2 stock tips and one was DEFINITELY HAL and the other was described as being less than 50/50 which might have paid, would you bother investing in “select fragile? NO, of course not. You are lesson number one: Discipline and only choices that you believe in (or are almost certain).

The second lesson is: But the same amount across the board. If you do not have the discipline to only take the highest score, and you must have “action” on several games, but the same number of units on all options. The fact is, everyone but you place is an individual, 50/50 proposition. If you start betting different amounts on all of those 50/50 propositions, you will likely end up in a hole, even if you win more choices than you lose.

Do math, use discipline and don’t be a GAMBLER, be a BETTOR. Gamblers take risks, bettors make smart decisions and have a good chance of making money.

Lawrence O’Connor is a big sports fan, blogger and podcaster. The Betting Sports blog and podcast are updated daily with advice & choices.

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