Keeping Yourself in the Game

Gambling can be an incredibly interesting and fun hobby, and even a full time occupation for a very small percentage of the population. But whether you choose to be an amateur or professional gambler, there is one vitally important lesson to consume and that is bankroll management.

You cannot drive a car without fuel and you cannot gamble without money. Money is fuel for the gambler and just like fuel it can burn if you are not too careful! Let’s have a look at a common bankroll mistake made by sports bettors.

Free Betting

Sports gamblers with poor bankroll management skills bet too much on each game.

Some sports bettors believe that they are seemingly invincible. You would never bet 40% of your retirement account on a single stock or bond, so why do people continue to break this rule when on sports? There is a high variance in sports betting and you need to be in it for the long run in order to make a slight profit.

Sometimes, in order to make a profit, you need to remove some of the excitement out of the game and just treat it as a job.  By removing the excitement, you are much more likely to be able to stick to a routine. This means only betting a certain percentage of your bankroll and lowering or raising that percentage dependant on how well you perform. By following this simple rule and by not deviating, then you will never go broke.

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