money management

[only_lasts_forever]

my normal bet is $200 on a 2 team parlay.I dont make the bet every night,and i stick to 2. I see poeple with like 9 or 10 picks and i couldnt do that. so i take my $200 bet and if it loses i am apt to chase and try and get it back,which i know is very bad news indeed. However if i win i become very conservative and maybe not bet for a week or two cos i dont want to lose the cash i have won
i tried betting smaller amounts like $20 but if they win i just get annoyed cos i think that i should have had my $200 and i see it as losing instead of winning.
it seems that when i win i dont want to lose it back but if i bet small it is boring and i dont really wanna sit thru a whole game with just $20 on.
maybe my $200 is too high a stake and i should just bet $50 or $100.
i normally have 2 teams as i hate betting more than 2 teams
as you can see i have a major flaw here in my money management so any advice would be welcomed.
can i afford to bet $200 a game. Yes if i only bet like once a week and they lose. Do i get pissed if i lose? yes.
do i get pissed if lose when i bet $20. No.
so i guess i should lower my stake but i find it hard to study and handicap when i am just betting $20 but obv i am betting too high as i get annoyed when i lose
any advice?
Rob

 

[TheGeneral+]

Welcome to The Rx.

If you have the funds & are putting yourself in no bad financial situation, then continue to play the way you are if you enjoy.

My best advise would be to stop the parlays and wager a dollar on straight bets. You will have 2 games to enjoy for monies & you have a better chance of winning I think.

If a 2 teamer pays 2.6 to one, then you will have to hit 1 of 3 to make a profit. That is tough for most.

Best of luck my friend

 

[RPM]

start by sticking to strait wagers. NO PARLAYS. next, bring your wager amounts to a level you are comfortable with winning or losing. nothing wrong with a big bet once in a while, when you feel really good about a game, but dont make it your normal size bet.

lots of good advice to be found here about money management.

 

[tsm123]

Money Management is far and away, the singlemost important aspect of sportsbetting.

A respected handicapper once said, "Good handicapping will never make up for poor money management, but good money management will always make up for poor handicapping."

If you are handicapping/wagering a single sport like college football, you may want to consider your starting bankroll and ask yourself (which nobody does, including me) how much of a profit you expect at seasons end.

But here's the real problem:

First, learning to handicap effectively in any sport is like trying to learn Chinese Physics. Secondly, the problem is further compounded by trying to resolve money management and betting strategy issues which are highly subjective. Lastly, factor in greed.

Welcome to the world of 11 to 10.

There is some very good general advice in this forum, but the truth is, there are no easy answers.

For me? I stick to the MM philosophy of minimal exposure of my bankroll and conservative wagering UNTIL I GET AHEAD. THEN, AND ONLY THEN, WILL I INCREASE MY WAGERS.

Good luck and be careful.