Sportsbetting winners usually handle their money well and make intelligent betting decisions. Handicapping and selecting the right plays are important, but money management and discipline for the sports betting gambler are even more important.
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Sportsbetting for many people is not successful because they can’t handle their money. A lot of sportsbetting gamblers are good handicappers but they still lose money at the end of the year because they can’t handle their money. Money management is definitely a big key when it comes to sports betting.
Most sportsbetting gamblers don’t have good money management skills. This is the main reason most of them lose. You should know the three main keys to winning – Money management, knowledge, and discipline. Very often the average sportsbetting gambler doesn’t practice any of these three things, but sometimes he at least has a little knowledge. Serious sports betting gamblers develop a plan and remain disciplined. They start by setting aside the proper sportsbetting bankroll. Most experts agree that you should not wager more than 5% of your overall bankroll on any play, but a safer figure, especially during a busy football or basketball Saturday is 2% of your bankroll. The problem we run into when going more than 2% is when the inevitable losing streak occurs. At 10% or more it only takes 9 units at $110 per play to lose your entire gambling bankroll.
Perhaps more important to the sportsbetting gambler is discipline. The average sportsbetting gambler can’t keep in control when the losing starts. What we have to remember, and this is very difficult, is that we are not going to win every game. We won’t win every week, and we might not even win during a long period of time when things are going bad. It is so difficult to remember during our sports betting that we can’t win every battle, but we want to win the war.
Many people believe that sportsbetting gamblers win money because they practice sound money management and strong discipline. They also believe that most average sportsbetting gamblers lose money because they don’t practice good money management and have little discipline. Picking winners is important but without a plan and some discipline, it won’t matter how many winners you select. A successful sportsbetting gambler will remember that money management and discipline are big keys to their success.