Sports betting is just like everything else in life. There are rules to follow and guidelines to go by to ensure success. The problem is that most people don't know what the rules are when placing money on expert NFL picks, NBA picks and MLB picks. They go through this process, more or less, blindly, hoping that one bet will be the miracle one that draws in a fortune. They fail to realize that just by looking at sports betting that way, they are breaking one of its cardinal rules. In order to survive the sports investing market, you will have to know the rules as well as the experts.
The first major rule of sports betting is to keep your professional sides and your business sides separate. Any quality sports betting system owner will tell you is to set up a separate account just for investing purposes. No one who expects to last long will use their personal funds to finance betting. In fact, most decent companies recommend using less than 5% of your bankroll on onetime bets and less than 3% on bets that happen over time. A good rule of thumb is to never bet more than you can afford to lose. Ideally, you won't lose much of anything, but that isn't realistic. Keeping your investments down will help you keep your losses down, while still seeing a profit.
The second major rule of sports betting is to learn the difference between gambling and investing. In gambling, when you lose, it's time to either stop or up your bets in order to make up for lost funds. With a sports betting system, your money is an investment, not a gamble. Sometimes, people lose money on their investments. This is a natural byproduct of the way the market is designed. However, you cannot resort to upping your investment to catastrophic heights to make up the difference. If you have patience, and have chosen your system well, then you will make significantly more money than you lose over time.
The last rule of sports betting system is to know how much to invest at a time. This is perhaps the most difficult of the rules, because it is the most subjective. Five percent is fairly general. However, the 5% available funds of a millionaire will be different then the 5% of a blue-collar worker. Ideally, you want to have at least $500 to invest, but the full amount may be different for you.
The first major rule of sports betting is to keep your professional sides and your business sides separate. Any quality sports betting system owner will tell you is to set up a separate account just for investing purposes. No one who expects to last long will use their personal funds to finance betting. In fact, most decent companies recommend using less than 5% of your bankroll on onetime bets and less than 3% on bets that happen over time. A good rule of thumb is to never bet more than you can afford to lose. Ideally, you won't lose much of anything, but that isn't realistic. Keeping your investments down will help you keep your losses down, while still seeing a profit.
The second major rule of sports betting is to learn the difference between gambling and investing. In gambling, when you lose, it's time to either stop or up your bets in order to make up for lost funds. With a sports betting system, your money is an investment, not a gamble. Sometimes, people lose money on their investments. This is a natural byproduct of the way the market is designed. However, you cannot resort to upping your investment to catastrophic heights to make up the difference. If you have patience, and have chosen your system well, then you will make significantly more money than you lose over time.
The last rule of sports betting system is to know how much to invest at a time. This is perhaps the most difficult of the rules, because it is the most subjective. Five percent is fairly general. However, the 5% available funds of a millionaire will be different then the 5% of a blue-collar worker. Ideally, you want to have at least $500 to invest, but the full amount may be different for you.
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