Bankroll Management Sports Betting
The only bankroll management strategy that you need in sports betting is the one that I discussed in point #3. You can’t beat sports betting through manipulating wagers – you can only win through skill and research. Some of these strategies can even ruin your bankroll, such as the Martingale when you go on a cold streak. Bankroll management is an important technique that will help give sports bettors a chance to win more of their wagers. Proper management means wagering a fixed amount and an amount that’s appropriate. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NFL season was $1,000 you would be making $10-$50 bets on each NFL game you wanted to bet on. Put simply, good bankroll management means never letting your gambling budget dry up. As a general rule, gambling experts advise that you never wager more than 2% of your total bankroll on any one play.
For most, sports betting is a fun way to make a specific event more exciting and fun to watch. But for a small percentage of people that know how to make money betting on sports, sports betting is a way of life. Some people can make their sole income is from sports betting, but it isn’t an easy gig: one week you can be riding high and be on top of the world, while other weeks you can be near rock bottom with a streak of bad luck.
Here’s How to Make Money Betting on Sports
Sports betting can be a rollercoaster of emotions, with even the most successful sports bettors in the world losing about 45 percent of the time. Winning just 11 out of 20 bets consistently can put you near the top ranks of the sports betting world. Below are a few tactics that are familiar to sports betting professionals that know how to make money betting on sports.
Bankroll Management
All sports bettors are different. Some like to rely on statistics, deep research, and algorithms, while others rely on gut feeling and minimal research. Regardless of their preferred methods and betting styles, every professional sports bettor will tell you the same thing: bankroll management is crucial in helping you survive the ups and downs of the betting lifestyle.
Much like professional poker players, managing your bankroll is the number one thing you have to do if you want to become a successful and profitable sports bettor in the long run. It’s important to avoid chasing losses, betting too big, and giving into emotion. Bad beats are going to happen, so having smart bankroll management is a key part of surviving those backbreaking moments.
If you’ve seen the movie Rounders, you may remember the line where Matt Damon’s character quotes Confessions of a Winning Poker Player by Jack King.
“Few players recall big pots they have won, strange as it seems, but every player can remember with remarkable accuracy the outstanding tough beats of his career.”
The same goes for sports bettors. Any professional bettor who has been betting for years can tell you stories of bad beats that resulted in huge losses.
Don’t let those bad beats cripple your bankroll, and don’t chase losses by betting bigger to try and recuperate that lost money. The most important part of becoming a profitable long-term bettor who knows how to Make Money Betting on Sports is smart bankroll management.
Do Your Homework
You don’t have to spend hours per day researching a single game or event if you want to understand the sports you want to bet on. However, you should do enough research to know that you aren’t throwing your money away on bad bets.
Betting blind on random events or games is a big no-no. While betting a couple of bucks on a random game with friends is fun, doing it consistently is generally a bad idea if you’re trying to make money.
Take a few minutes before placing a bet to see why the line is where it is, check injuries, and read other news. Depending on the sport you should also check the weather. Weather can play a huge factor in baseball and football.
Don’t just bet on the Lakers because you think they are the better team and should win outright; instead, see why the moneyline may only be -130 against a far inferior team. Even just a few minutes studying and doing even a little research before placing your bet can save you from bad beats and tough losses.
Bet on Sports You Know
Being a successful sports bettor doesn’t mean you have to bet on every sport or even multiple sports. The best sports bettors stick to the sports they know best.
If you want to bet on another sport, watch a match, take notes, and study the nuances of a game. Learning the small things about a particular sport can be the difference between being profitable and being a loser.
Stick with those sports you know best, and only venture out after you understand the dynamics of a particular sport.
Log Your Bets
Keeping track of your bets is a key part of growing as a sports bettor. You might think you’re an excellent NBA bettor, but after analyzing your wins and losses, you may realize that you have a better winning percentage in the NHL. Keeping track can also help you adjust betting amounts so that you can place bigger bets on sports you’re more skilled in.
In addition to logging your wins and losses, you should log as much information about your bets as possible. Recording the moneyline odds, spread, and total will help you identify patterns and make better decisions moving forward.
If you use a betting algorithm, tracking your bets can also help you find trends that will help you see how your algorithm performs in certain scenarios. Perhaps low totals in NFL games aren’t winning at high percentages, while double-digit spreads in the NBA are winning at a high rate.
Never Assume You’ll Win
Touts (those who sell their picks) love to use the word “lock” when referring to a bet. Any professional sports bettor will be the first to tell you there is no such thing as a “lock” in sports betting.
Never assume that a bet is guaranteed to be a winner. Touts like to target uninformed and beginner bettors by promising bets that can’t lose. Sometimes those locks do in fact turn into wins, but more often than not, they don’t.
These are just a few general tips if you want to learn how to make money betting on sports. In the future, we’ll provide more in-depth tips and strategies for specific sports and events.
Ready to start betting on sports? Download ZenSports for Android or iOS today.
One of the greatest quotes in world history is “Never change the winning formula“. As in life, the same statement can apply to the world of betting. There are multiple ways to win some serious money betting on various sports and there are also some strategies or betting systems that might help you do that. Here we will review the best sports betting systems out there which are the most trusted & accurate ones.
ZCode System Membership: VIP Club, Winning Picks & Predictions
#1 Rated Sports Betting System Software: The Zcode betting system is one of the best sports betting investment system providing sports picks for NBA, MLB, MFL, NHL, NCAAF College Football, NCAA College basketball, tennis, soccer and horse racing, and other sports since 1999. In the last MLB session, they have generated 12000 US dollar profit for members from an investment average of 100 US dollar. The good thing about the system is that they have not a single losing month ever.
The membership of VIP Club, Winning Picks & Predictions is costing $198 per month as long as you wish to be a member of the ZCode system. Now you can get a limited-time trial offer for $7 and thereafter a monthly payment of $49 by clicking the link below. Z Code system comes with a 60 days money-back guarantee. In any case, you are not 100% happy with the system you shall be refunded the subscription amount in full.
Sports Cash System – Sports Wagering System
Sports Cash System works for every sport in the USA and the world. This system is foolproof, easy to use, and works for all levels of sports bettors! Solid bankroll management, brilliant software and expert human prediction combined to make 94 percent winning profit in sports cash system. If you start with 100$ as starting a betting unit you can make a profit of $500 to $2500 per month.
Be sure if this system is right for you or not? This betting system that works for EVERYONE, no matter if you are a complete newbie or experienced sports bettor. Watch the free video preview here, it tells you exactly about Sports Cash System and why this system works so well:
As a new member, you can try the famous system for only $4.95 in your first week and then $149 per month. They teach you everything step-by-step and give you FULL member access to the system so you can start using the system using their expert handicappers picks and unique wagering system.
The Sports Picks Buffet System
The “Sports Picks Buffet” is a sports handicapper network, where you will access to sports picks from hundreds of the best handicappers around the globe. Normally an expert handicapper charges up to thousands of dollars for the sports picks. But in this system, you will get hundreds of tips for a particular game through one single subscription. Now you need not have to rely on a single handicapper before placing a bet for a particular game. You will go through the picks from different handicappers and place the bet in favor of the team for whom most of the handicappers provide their positive signals. In this way, it will be easier for you to determine the best picks of the day & expand your chance of winning.
Now they are offering a five days trial for $7 & the $37 weekly thereafter. This is one of the best sports betting systems & you must take a test drive through their trial offer!
Whale Picks System: The Champs Betting Systems
How To Manage Bankroll Betting
The promoter of The Whale Pick system is the famous gambler named as the “Whale” or “The Sports Betting Champ” who had ransacked the Sportsbooks by winning huge bets. By using his sports picks members have generated a million dollars of profit. By investing as per Whale Pick system’s number and pattern-recognition technique and following the system religiously one must generate huge profit.
Whale Picks system offers two bonus i.e. The Whale’s “Acceleration” Bankroll Management System and “The Whale’s Overtime Betting System” along with their subscription which very essential for sports bettor to succeed in betting. The Whale Picks cost higher i.e. $300 per month than the other two systems. But according to the sports picks provider the system has the potential to turn a thousand dollars into ten million dollars.
Exterminator Sports Betting System
This is one of the best handicapping system developed by “The Champ” which have taken the industry into a storm. The famous handicapper mixed his passion for sports with mathematics to developing this amazing betting system. The system mainly provides sports betting picks for NBA, MLB, NFL games. The betting system costs $200 which will provide lifetime access to the system plus lifetime picks.
What is the Sports investing system?
Sports betting investment systems provide predictions and picks prior to the game outcomes being declared and enabling the bettors to place the bet. The betting system software release the sports picks by taking into consideration the past performance of the teams, individual players, etc.
Why is important to have a betting system?
What is very important to realize at the very beginning, the formula itself is never a guarantee of any positive final outcome? The formula can also sometimes fail, but after some period of time, it can still give you more positive than negative outcomes. By going through the advice and picks of the picks provider and following proper bankroll management the sports bettor will ultimately succeed in his betting business.
If there was a universal winning formula at our disposal, the bookies would not be working and would most likely change something about their approach.
How to choose the right betting system?
The truth is, not all sports prediction software suit the same number of people so a lot of this is your decision. Kelly criterion is very successful but requires big calculations and research to properly invest, while Martingale can get you broke very soon.
Go through our top sports betting system review & visit their individual websites to choose the best betting system out there. While all the betting systems work with different techniques & strategies, it is always advised to stick to a single betting system at a time. No sports handicapper in the world can guarantee 100 percent success in their predictions.
- At first, you need to have thorough bankroll management which all the top betting systems will guide you through their training. It would be advised to fix your betting budget first and the amount per bet. Normally 1% of the betting budget is used per a single bet.
- Sports predictions are base on probability and need consistent wagering as per the advice of the winning betting system to succeed.
Bankroll Management Sports Betting Parlay
If you take sports betting as gambling you may likely fail in this business. Like any other business, you should learn the nitty-gritty of the game & prepare to take it as one investment option like share trading or Forex trading, etc.
Top Recommended Sports Betting System:
Top Recommended Arbitrage Betting Software:
Bankroll Management Calculator Sports Betting
References and Further Reading:
Bankroll Management Sports Betting Experts
- The Kelly criterion in blackjack, sports betting, and the stock market (EO Thorp – Finding the Edge: Mathematical Analysis of Casino, 1998)
- Sports betting: Can gamblers beat randomness? (M Cantinotti, R Ladouceur- Psychology of addictive, 2004)
- Mapping Internet gambling: Emerging modes of online participation in wagering and sports betting (R Woolley – International Gambling Studies, 2003)
- Testing market efficiency: Evidence from the NFL sports betting market (PK Gray, SF Gray – The Journal of Finance, 1997)
- Gambling on sport: Policy issues (JH Frey – Journal of Gambling Studies, 1992)
- Sports forecasting: a comparison of the forecast accuracy of prediction markets, betting odds and tipsters (M Spann, B Skiera – Journal of Forecasting, 2009)
- Optimal strategies for sports betting pools (B Clair, D Letscher – Operations Research, 2007)
- Of Bookies and Brokers: Are Sports Futures Gambling or Investing, and Does It Even Matter (CT Pickens – Geo. Mason L. Rev., 2006)