This is a good article by J.R. Miller. Will help you save money if you
choose to get involved with sports gaming.
"Generally speaking, non-professional gamblers go wrong by risking too
much of their bankroll on individual bets. They don't spread their risk
thin enough over a big enough number of bets. Professionals use smaller
bet sizes in proportion to their bankroll over larger number of bets. As
a matter of fact, one good way to spot a non-pro is that he often has
fewer than a half-dozen bets per week, and he risk more than two per-
cent of his bankroll on each bet. (Those sport touts peddling "locks",
"progressive betting schemes" or "one star, two star, three star" systems
aren't professional gamblers at all: they're salesman selling dreams over
their 900 numbers. Big swings in the size of your bets will send you back
to your job at the car wash quicker than bad handicapping.)
If you are a part-timer with a wad of 'mad' money to risk, it may be
okay to risk 4 or 5 percent of your bankroll on a single bet, but don't
expect to play that way for long. Sooner than later, such poor manage-
ment will annihilate you.
Of the genuine professional sports betters I've known, most would
never risk more than 2 percent of their working bankroll on any single
bet, most usually risk much less than that."
Sports betting can be fun and profitable if done right. Avoid the silly
sucker crap and you have a chance to keep your head above water.
Best of luck!
choose to get involved with sports gaming.
"Generally speaking, non-professional gamblers go wrong by risking too
much of their bankroll on individual bets. They don't spread their risk
thin enough over a big enough number of bets. Professionals use smaller
bet sizes in proportion to their bankroll over larger number of bets. As
a matter of fact, one good way to spot a non-pro is that he often has
fewer than a half-dozen bets per week, and he risk more than two per-
cent of his bankroll on each bet. (Those sport touts peddling "locks",
"progressive betting schemes" or "one star, two star, three star" systems
aren't professional gamblers at all: they're salesman selling dreams over
their 900 numbers. Big swings in the size of your bets will send you back
to your job at the car wash quicker than bad handicapping.)
If you are a part-timer with a wad of 'mad' money to risk, it may be
okay to risk 4 or 5 percent of your bankroll on a single bet, but don't
expect to play that way for long. Sooner than later, such poor manage-
ment will annihilate you.
Of the genuine professional sports betters I've known, most would
never risk more than 2 percent of their working bankroll on any single
bet, most usually risk much less than that."
Sports betting can be fun and profitable if done right. Avoid the silly
sucker crap and you have a chance to keep your head above water.
Best of luck!
