Some people can pick winners in Pro football betting but have no clue how to manage their money. Let’s see if we can find out how to manage our money in NFL betting. NFL betting gamblers can oftentimes pick more winners than losers but they can’t control themselves when things start to go bad. Many of them also don’t have any kind of a money management plan. And having some type of plan for your NFL betting is important.
The first part of NFL betting money management is your bankroll and bet size. People have preached for years about the proper bet size being 5% of your overall bankroll. A more professional approach would be a bet size of lower than 2%. This is not a popular thing to hear for most people when it comes to Pro football betting money management. For example, let’s say your bankroll is $1000 and you go with the 5% idea in NFL betting. That means $50 a game. That low of an amount just doesn’t appeal to most people, but it is done for a reason. You don’t want to lose your bankroll after a bad week or two. You also don’t want to have to chase your losses just because you had a bad week in Pro football betting. If you keep the percentage size smaller you can withstand a difficult time without going into a panic in NFL betting.
Patience is a virtue and it is very apparent when it comes to Pro football betting. Most people will say that they can’t make any money by wagering only 2% or 5% of their bankroll in NFL betting. The big thing as you are betting is to be able to survive the inevitable losing streak and be around for the good streaks. Keeping your plays at a reasonable percentage makes that possible. For example, if you had a bankroll of $1,000 and were betting $100 game, a common occurrence, then a bad day or two might wipe you out. Even a disappointing 2-4 day puts you in a position where you want to get the money back in NFL betting. A bigger bankroll puts you in a much better position to withstand the ups and downs of NFL betting.
Money management in NFL betting is not easy but it has to be done intelligently if you want to win money.