Have you dabbled in sports betting? How did you fare? Why do some bettors win and others lose? In the world of sports betting, the big difference between the winners and the losers isn't insider knowl...
Have you dabbled in sports betting? How did you fare? Why do some bettors win and others lose? In the world of sports betting, the big difference between the winners and the losers isn't insider knowledge. It's money management. Just as with the stock market, when you're wagering on sports handicapping picks, it's essential that you have a good money management system to provide long-term, consistent profits in your portfolio of sports picks. Whether you choose to bet weekly NFL picks, NBA expert picks, college football weekly picks or free MLB picks, the real key to consistently making money with your bets is to develop a system and stick with it.
Keep It Simple
Novice bettors like to dabble in the fancy bets - the parlays, teasers and props. While this types of bets are enjoyable, they carry a lot of risk. This makes it less likely that you'll win. That's why the experts generally advise that you stick with straight bets, and a flat betting strategy. With flat betting, you simply wager the same amount every time you bet. Statistics back up this rationale: if you bet the same amount on every game you bet and win more than 50 percent of them, you'll always be ahead. And when you get your advice and insider info from expert sports handicapping picks for major league baseball picks, you can do far better than winning 50 percent of your bets. Some cappers have averages as high as 77 percent in their best sports.
Choosing Your Bet
First things first. You have to start by deciding on your bankroll - the amount of money you can afford to lose over the course of the season. If you follow a consistent money management system in conjunction with NFL expert picks, free MLB picks, NBA weekly picks and college football weekly picks, you can maximize your wins and minimize your losses. Most experts recommend bets of about 2 percent of your bankroll, but some suggest a more aggressive strategy for beginners with a bankroll of less than a one thousand dollars. In that case, you might want to bet in the neighborhood of 5 to 7.5 percent of your bankroll.
Keep Your Eye on the Prize
Everyone likes a big payoff, but if you're looking for a quick score, sports betting may not be the best business for you. You should aim for a steady return at the end of the week rather than a series of big wins. Sports betting is a lot like stock trading. You won't win them all, so the trick is to win more than you lose. Even a 50 percent win-loss ratio will give you a return on your investment of about 15 percent a week. Once you understand that, you'll find it a lot easier to ride out the losses because the wins more than even them out.
Get Expert Advice
Sports betting can be profitable, but only if you use a good money management system and have a lot of knowledge about the sports and teams you're betting. You can increase your odds by following the experts who offer NBA betting tips, NFL expert tips, major league baseball picks and college football weekly tips. The services that provide sports handicapping picks employ handicappers who literally make their business to know the statistics, follow the teams, and keep up on all the insider knowledge that can make a difference in any game. Why try to go it alone when you can get expert advice from the top handicappers in the business?
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ABOUT THE AUTHOR
Chris Robertson is an author of Majon International, one of the world's MOST popular internet marketing companies on the web.
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