A topic that doesn’t get discussed often in bet tips is how to maximize value. Most of us focus on betting systems and strategies that will be profitable. After all, without a good betting system, we won’t make any money, right? Let’s discuss more about bet tips below
Money Management and a “Good Defense”
If you don’t pay attention to money management, you might not be able to take that next bet tips step to becoming a “sports investor.” Good money management will reduce the chances of extreme losses and help turn this “hobby” into a legitimate “investment.”
First things, first… We believe that “flat” betting is the way to go. That is, bet the same amount for each play. “Chasing” or increasing bet size based on your last bet (or series of bets) is not recommended in this point of bet tips .
Professional money managers – as well as sensible sports investors – will agree with this bet tips ,that you should minimize the chances of “blowing out” your investment portfolio. Flat betting will help you to “stay the course” and ride the ups and downs of investing.
Next bet tips, you should think about the type of investor that you are. Are you aggressive or conservative? Are you experienced or a novice? The answers to these questions will help you to determine the size of your typical bet. This is called your “unit” size an important .
We typically recommend that a sports investor bet 1% – 3% of their bankroll on each bet. Conservative sports investors (or beginners) should bet 1%-2% on a play.
Aggressive sports investors might want to bet 3% on a play. 2% is a good medium; it allows you to withstand a losing streak while helping to build up your sports investing bankroll.
Why not 4% or 5%? The bet tips is: Streaks and the risk of ruin. If you bet amounts that are too large, a bad streak could cut your bankroll in half (or worse). You then might feel like you need to reduce your bet size – just before the inevitable hot streak.
Investors – and in this bet tips , sports investors – need to understand the level of their “true bankroll” or “risk capital (allocated to sports).” Once investors take a serious look at their finances, they might better understand the “true” level or amount they allocate to sports investing. They might then realize that 1%-2% of their “true bankroll” or “risk capital” is indeed a realistic bet size.
Summary: Money Management and Playing Defense
Many of our articles focus on bet tips philosophies and betting tips strategies that have proven to work over time. In this article, we focused on money management – an area where most bettors do not pay enough attention.