1) Keep it entertaining and fun to do, while playing
intelligently, and the small
house advantage in the game of your choice will be a small
price for you
to pay for that entertainment.
2) Give yourself a limit in time and money
spent for this entertainment, treating it as
any other recreational sport. You wouldn't agonize through
three double head
days of baseball back to back, or a marathon viewing session
of three, four or five hockey games in one night, so don't
over do this form of sport either.
Making Your Money Count For Football Bets
Gamblers
or prospective gamblers beware! Most gambling hype you read,
see, or hear in regard to betting sports is
misinformed, erroneous or simply designed to take your money
before you even place a bet. In order to be successful
sports bettor, you have to have skills in money management,
play selection, a good attitude, and reasonable expectations
as to what you can expect to win if you are successful.
Let me give you a method of money management as an eye opener:
Size of Bet |
Minimum Bankroll |
|
|
$20 - $30 per
game |
$1,000 - $2,000 |
$40 - $50 per
game |
$2,000 - $3,000 |
$100 per game |
$5,000 |
$500 per game |
$25,000 |
Most players
start the season with absolutely no clue as to how much
capital it takes to withstand the ups and downs of a typical
football season. You should give yourself enough money to
have a chance all year. Sports betting is nearly
always full of streaks.
Even with great handicapping, you’re still going toolset
40 percent of your bets, so be prepared. You've got
a bankroll, so what’s next? Divide it up as follows:
Bankroll |
Average
Bet |
College |
Pro |
Reserve |
|
|
|
|
|
$1,000 |
-$25 |
$400 |
$400 |
$200 |
$2,000 |
-$50 |
$800 |
$800 |
$400 |
$5,000 |
-$100 |
$2,000 |
$2,000 |
$1,000 |
$25,000 |
-$500 |
$10,000 |
$10,000 |
$5,000 |
Here is
the important part. Never risk more than 25 percent to 30
percent of your bankroll on any week. In other words, if
you like 5 pro games you will bet 6 percent of our bankroll
on each game. On the best plays you will bet 8 percent
and maybe
2 to 3 times a year you will find a game that’s worth 10
percent of your bankroll.
If you love a lot of action, simply drop your bet size (2
percent to 3 percent), but never risk more than 33 percent
of your bankroll in one day. If you win one week, your bankroll
is larger so you’ll automatically increase your bets
as you win and conversely decrease your bets as you lose.
The purpose of the reserve is to recapitalize one of your
bankrolls if the season starts out cold and you hit an early
losing streak. In a typical year you should be cautious
weeks 1 – 4, be bold weeks 5 – 12, and then revert to caution
until the play-offs and bowl games.
This is
a simple money management scheme and we’ll coach you on
taking profits or when to use your reserve as the season
progresses. There are more sophisticated methods of money
management available, but for most people this method should
work just fine. We will keep track of our hypothetical bankrolls
using this method.
This should give you a start in the right direction. As
the year progresses we will discuss how a football season
is really 4 seasons, each of which must be bet differently.
We'll discuss the importance of the line or point spread
and which line moves are significant and which aren’t, as
well as recap for you weekly where the syndicate (Gambling
Syndicate) money was placed as well as how the sports books
themselves actually fared. We trust you will find reading
us enjoyable and informative and look forward to the season.
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