PRE-DETERMINE YOUR DISCIPLINED MONEY & GAME MANAGEMENT STRATEGY.
Industry Best Practices that will reduce your learning curve by decades for the good of your Sports Betting Bankroll
Nations most successful Sports Better Billy Walters did not succeed until later in his career when Late Pro Poker Player Chip Reese educated Billy on Money Management. Establishing your annual Bankroll Amount & Money Management System should be your first priority preparing for any upcoming seasonal sport as it will increase your chances of winning & decrease or even eliminate your chance of losing. Sports Betting is 50% Money Management Discipline & 50% Handicapping. Nobody wins long term without BOTH!
Establishing Your Bankroll Guidelines must include :
*Original Bankroll Amount ( No amount is too small) 'Small Ball' is a good way to start each season , practicing & verifying discipline to beat Vegas 'with their own money.'
(View your Play amount in terms of 'turnaround in your bankroll' $110.= $210. $330. = $630. $ 550. = $1050.) Be satisfied with steadily increasing your bankroll.
* Use Star Rating System 1 % - 5 % of total Bankroll
*Total Single Session % (not to exceed 10-15%)
*After each session adjust according to amount W/L $ amount to determine new Bankroll amount before next day/ week’s session.
Money Management System described above takes less than 5 minutes to build & Last a Lifetime. Make it your first Tab in your Sports Investing spreadsheet.
It takes Tremendous Discipline (TD) & Respecting Your Bankroll at all times that allow you to 'stay in the game.' Not just this year, but decades to come.
Tom Landry once was quoted saying , ' Achieving your goal is not the main thing. It is how you go about achieving your plan by staying with it.' This applies to Bankroll Discipline.
Treat info received like Clerical Work, don’t get emotionally invested during the heat of battle. Discipline will fill your cup to the rim in the long run.
Game Management
Game Management is vital to your continued success & goes hand in hand with Money Management. Game Management means 'Total # of bets during a single betting session.' For NFL my preference is the '2 game format.' This increases my chance of increasing bankroll while decreasing my exposure to losses. During the flow of a season everyone incurs winning & losing streaks. Always be aware of your surroundings and where you & your Capper may be and adjust according. After a big winning week , adjust not to give back winnings.
Straight Plays ONLY DISCIPLINE
# 1 mistake novice bettors make disrespecting their bankroll is betting Parlays or Teasers better known as 'exotics.' These BANKROLL ERRORS have 'highest amount of hidden juice' & are sucker bets that 'Squares' play. Vegas loves these type bets as they build huge Exotic Hotels & Casinos with these dollars At the end of the year Sports Books depend on parlay action for a profitable year.
Example: If you make 3 wagers $110 each & win 2 your plus $90. Bet 3 Teamer for $100. win 2 your minus $100. That is a $190. 00 BANKROLL MISTAKE.
Do that 50 x per year & you just gave Vegas $9,500.00 disrespecting your bankroll that may end your Sports Betting for the year or career.
When approaching Vegas betting window the first 3 words should be 'STRAIGHT PLAY ONLY.' RESPECT YOUR BANKROLL!
Think of it this way. If you play 2 games for $330.00 each , you have $30.oo to win $600. Much better that a $100 parlay (with 17% Hidden Juice) to win 600.
In a nut shell , weak players better known as Squares play exotics , strong experienced players are slow & steady with straight plays ONLY.
Industry Best Practices that will reduce your learning curve by decades for the good of your Sports Betting Bankroll
Nations most successful Sports Better Billy Walters did not succeed until later in his career when Late Pro Poker Player Chip Reese educated Billy on Money Management. Establishing your annual Bankroll Amount & Money Management System should be your first priority preparing for any upcoming seasonal sport as it will increase your chances of winning & decrease or even eliminate your chance of losing. Sports Betting is 50% Money Management Discipline & 50% Handicapping. Nobody wins long term without BOTH!
Establishing Your Bankroll Guidelines must include :
*Original Bankroll Amount ( No amount is too small) 'Small Ball' is a good way to start each season , practicing & verifying discipline to beat Vegas 'with their own money.'
(View your Play amount in terms of 'turnaround in your bankroll' $110.= $210. $330. = $630. $ 550. = $1050.) Be satisfied with steadily increasing your bankroll.
* Use Star Rating System 1 % - 5 % of total Bankroll
*Total Single Session % (not to exceed 10-15%)
*After each session adjust according to amount W/L $ amount to determine new Bankroll amount before next day/ week’s session.
Money Management System described above takes less than 5 minutes to build & Last a Lifetime. Make it your first Tab in your Sports Investing spreadsheet.
It takes Tremendous Discipline (TD) & Respecting Your Bankroll at all times that allow you to 'stay in the game.' Not just this year, but decades to come.
Tom Landry once was quoted saying , ' Achieving your goal is not the main thing. It is how you go about achieving your plan by staying with it.' This applies to Bankroll Discipline.
Treat info received like Clerical Work, don’t get emotionally invested during the heat of battle. Discipline will fill your cup to the rim in the long run.
Game Management
Game Management is vital to your continued success & goes hand in hand with Money Management. Game Management means 'Total # of bets during a single betting session.' For NFL my preference is the '2 game format.' This increases my chance of increasing bankroll while decreasing my exposure to losses. During the flow of a season everyone incurs winning & losing streaks. Always be aware of your surroundings and where you & your Capper may be and adjust according. After a big winning week , adjust not to give back winnings.
Straight Plays ONLY DISCIPLINE
# 1 mistake novice bettors make disrespecting their bankroll is betting Parlays or Teasers better known as 'exotics.' These BANKROLL ERRORS have 'highest amount of hidden juice' & are sucker bets that 'Squares' play. Vegas loves these type bets as they build huge Exotic Hotels & Casinos with these dollars At the end of the year Sports Books depend on parlay action for a profitable year.
Example: If you make 3 wagers $110 each & win 2 your plus $90. Bet 3 Teamer for $100. win 2 your minus $100. That is a $190. 00 BANKROLL MISTAKE.
Do that 50 x per year & you just gave Vegas $9,500.00 disrespecting your bankroll that may end your Sports Betting for the year or career.
When approaching Vegas betting window the first 3 words should be 'STRAIGHT PLAY ONLY.' RESPECT YOUR BANKROLL!
Think of it this way. If you play 2 games for $330.00 each , you have $30.oo to win $600. Much better that a $100 parlay (with 17% Hidden Juice) to win 600.
In a nut shell , weak players better known as Squares play exotics , strong experienced players are slow & steady with straight plays ONLY.
