Home - Money Management

Gambling on sports is much like putting money in the stock market.  I think of it as a rollercoaster ride:  some days you just can't lose,  some days you just can't win. 

The secret to surviving in this volatile hobby of ours is money management and I cannot stress enough how  important it is in sports betting.  Countless people have lost their bankroll on one game due to poor management; others go on a hot  streak and 'press their luck', only to lose all of it in one bad streak. On a personal note, as much as I preach, I too sometimes do not  follow wise management.  The trick is to know strategies to maximize your profits and minimize potential losses, and never place your  entire bankroll on one game, unless you are willing to walk away from this hobby and find a new one.

The standard rule of thumb is betting in percentages.  In order to survive, and play the odds, I suggest never playing any more than 5% of  your bankroll on any one side.  This conservative style of play will assure you that you will never 'get rocked' and will save you to play  the next day.  Even if all your bets lose, you still have 95% of your bankroll left.  I once heard somewhere that "the national anthem  will be played again tomorrow, so there's no use putting all your eggs in one basket on one game".

The great thing about the 5% rule is that when you win, your bet size increases, and when you lose, you decrease your bet size.  This will  ensure that you maximize your luck when you go on a hot streak, and minimize your losses on a frigid roll. If followed correctly, one may be able to withstand the strict –110 obstacle placed by sportsbooks and survive in this hobby given that  you win at a rate of 55% or greater.