MONEY MANAGEMENT
Every single person who wants to make profit with betting should have a money management. And I believe every professional has one. It’s very simple, you CAN NOT be succesful in betting without having a MM for yourself.
Once you create it, stick to it and do not make quick changes if you will not be satisfy in the beggining. Money management is for a longer period use.
In this article I’ll provide you my money management which I use for 2 and a half years. There is a lot of money managements you can find on the Internet, but I’ll talk about it some other time.
Here is the way i do it…
My starting fund is $2000 and I bet for 2% of it.
I usually make single and double bets, and just occasionally triples. It’s very easy to calculate that 2% from 2000 is 40. So, $40 is my starting stake. One more thing; your betting fund has to be just for betting. DO NOT spend that money on other things! Also, DO NOT bet for stakes you can not stand to lose!
Let me show you in example…
My bet is Bayern Munchen to beat AC Milan in the Champions League. The quote is 2.40. If Bayern wins I’ll get $96.
Now, 2000-40+96= 2056. So my fund now is $2056.
My stake for the next bet it will be $41,12 but only if I will make single or double bet. If I will make a triple bet than my wage will be 1% of my total fund which would be $20,56. It’s that simple, easn’t it?
What will be if I lose my bet? My total fund will be $1960.
But, for next bet I’ll play again with 2%, so that would be $39,2. I reduce my stakes for 0,5 % if I lost 3 bets in a row. Fortunatelly, that’s very, very rarely.
In the end of the month I set a new total fund. If it’s higher than last month I do not raise it, I still bet for 2% of total fund. If it’s lower than I reduce it to 1,5%.
And I always do that, 2 and a half years and I’m very satisfy with my result and total fund.
One more very important thing is that I don’t bet every day. I bet only when I have a lot of time to do research. I’m trying to place bets which I’m “100 %” certain are going to be winning. Of course, no one can be 100 % certain but I think you know what I’m trying to say here.
Ups, I almost forgot one important fact…
The fact is you have to set your goal which you want to acomplish! Either on daily, weekly, monthly or yearly base, you have got to set your goal. It’s very important so you wouldn’t relax.
I want to warn you that this is a long period MM! In the beggining you will think you’re making progress very slowely but after a couple of months shall be paid and you will see this really works. After a year or two you will be capable to place large ammounts without the blink of an eye!
Click here to see the betting system which can help you a lot!
I wish you all the best and many winning bets!
10 sportsbetting advices
Do you want to stop giving your money to sportsbooks?
If your answer is yes then keep reading this article.
At these pages we will be writing about succesfull betting systems and strategies with the help of you will actually start to win your bets.
The biggest mistake from a whole bunch of people in betting World is the one that they made bets for fun.
Be aware that betting is a hard job, not fun.
Of course, if you want to earn money from it constantly.
If not, you’ll bet just for fun and keep losing your money away. If you wont to be a professional than you have to follow the rules writen down below…
1.) Allocate your money
Create your “bank” just for betting. And DO NOT, I repeat DO NOT make your bets with the money out from the “bank”. This is maybe a crucial thing. The thing is that you MUST NOT spend more money for betting then you defined at the beginning. Let’s take an example…
Your starting bank is $1000. What you mustn’t do is make let’s say 1 or 2 bets for 500 or 1000$. It’s more smarter to make 10 bets for 100$ or even 20 bets for 50$ at the beginning. You will learn to control yourself this way.
2.) Be patient
You have to be aware of the fact you will not become a millionaire over the night, so making a small wage bets is definitely smarter than spend all your money quickly.
Think over what’s better, bet for 100$ and get 150$ or bet for 150$ and lose… Patience is very important because otherwise you wont be able to accumulate your income.
3.) Keep a records of your bets
It is vital for you to do this. You have to note down every single bet you make! Without exception! Don’t forget to do this! At any time you have to know how much money you invested, how much money you lost and how much money you won. It will be a little bit difficult do this in the beginning but after a while that becomes routine. On the Internet you can find many betting tools that helps you provide this information, though you have to do this in a simple Excel sheet.
4.) Find information
Do this very seriously because it very helpfull in a longer period. Do not want guess sports results! Sure, sometimes you will guess, but that will be rarely, trust me.
Try to find as much more information as you can about game you are going to bet. Search for team news,player news, injuries, weather, suspensions,schedules,history facts etc.
5.) Bet on the well-known sports
You’re wondering why? It’s easy. You definitely will not bet on sports you don’t recognize because that would be a gambling. If you don’t have any knowledge about baseball, do not bet on baseball games! Follow the sports you have known the best and you will become succesful.
6.) Do not bet on the teams who fan you are
Do not place these kind of bets. In betting business there is no place for emotions. Remember that and repeat to yourself as many times as need. This is the way to preserve the nerves.
Too many people doing mistakes like this, you don’t have to be one of them.
7.) Be smarter than your bookie
Do not bet on huge favourites with small quotes. You will not earn nothing, you’ll see. This is the way your bookie “put you on” and it’s very risky because if you do that you could lose a lot of money. Remember, there is no “sure” bets in this business.
8.) BET ONLINE
Find your bookie online. It’s much easier to bet online than in your local bettinghouse. And you have all the information you need on the Internet. So go for it and use that information for your profit. The best thing in online betting is that you can bet live. But, also that is one of the most dangerous things because you could find yourself easily “draw on” and spend your money. Be disciplined and everything is going to be OK.
9.) DO NOT DOUBLE UP
Do not double your stakes under any circumstances. Especially when you lose. One of the biggest mistakes that people do is they doubleing their stakes and trying to reverse the money they have already lose. Instead, they are sinking deeper and deeper. Don’t be one of them, do not double your wage. I’m deadly serious about this.
10.) CREATE YOORSELF A MONEY MANAGEMENT
Money management is very important for you so you get it as soon as possible. Do not start placing your bets if you still do not have your MM. Chose yourself one and than you can start to bet. Also, you may check it out here and see one of the best betting systems which guarantee 97% win of all your bets.
Good luck!
