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Money Management
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BANKROLL
The thing that matters in sports betting more than
anything is how you handle your bankroll. Bet management is the
skill/discipline that you must master to stay in the game when you are
losing and to stay ahead when you are winning. The worst song, and it
is sung every day in the casino is called "I got ahead early but gave
it all back". Your bankroll is your ammunition in the fight against the
oddsmaker. It can be lost. Therefore it can't be the rent money, or be
needed to pay for anything else. When you wager money that would hurt
you or your family if it is lost, then you are playing with "scared
money" and it is then that your emotions influence you and not for
the good.
Do not bet on credit. It is crazy to wager money that you
have not even earned yet. You stand on the slippery slope of gambling
destruction when you bet on credit. If you use a credit card (such as
when online betting) to gamble with you must keep within the amount of
real money, cash money that you have set aside for gambling.
The
downfall of every sports betting loser is not how poorly he picked
games or how bad his luck went, it is always his inability to handle
the bankroll properly when winning and when losing. This is becoming
very gloomy but the reality of gambling on household money or on credit
must not be taken lightly. By completely seperating your gambling
bankroll from your real life money you are able to make objective,
clear headed decisions about games.
UNIT NUMBER - SIZE MATTERS
Trendbetting.com releases sports picks with a star unit
number from 1-5, where 1 star equals 1% of your bankroll, 5 stars
equals 5% etc. You should rarely risk more than 5% of your total
bankroll on any one bet. Typically you should risk between 2-4% most of
the time. You want to get through a bad streak without going broke. The
key is to bet 2-4% of your remaining bankroll. This way if you are
losing then the BR will take a hit but it will survive. If you continue
betting the same amount you have a certain number of bets available
before you are down to the felt. So by betting a percentage of your
remaining bankroll you can never bust out. Even a better who picks nine
out of ten right can go home broke if he bets his entire bankroll on
every game. That is an extreme example but it is so important to
properly structure your bets to avoid picking more winners than losers
but have a bottom line loss of money. If your bankroll is $5000 you
can't bet $1000 bucks a game. That is twenty percent and one bad day
will blow you out of the water if you risk that much.
Too many
players fall victim to the temptation of the big score. Perhaps a guy
has $250 and says to himself that all it will take is to let it ride
all or nothing for 3 games and that $250 becomes $2000. Yes it is a big
win when it happens, but how many times is the entire stake plus all
the profit lost on that last game?
At Trendbetting.com we do take our
shots and go for big scores. But it is only after a Trend has developed
and we are money ahead that we press a bet higher than 5% of the
bankroll. The wagers that get that big are never taken out of the
existing risk capital, it is always built up on previous wins. The
first loss drops the next bet back to 1 or 2 percent again, then patiently
built back up in an orderly and systematic series of winning bets.
Sports betting should be looked at as a long term challenge, with
profit/loss being a month to month or even a season to season figure.
If your bankroll gets blasted on one bad weekend and you are out of the
game then it doesn't matter how well you pick next weeks game because
you are out of ammo. Some people increase their bets when losing in
order to back to even. This is a huge mistake and you should do the
exact opposite of these foolish players. By betting a percentage of
your remaining bankroll you can outlast a string of losses and still be
in the game. You have to stay in the game so that when the losing
streak ends and a winning streak begins you can then push your bets up
to break even and get ahead.
RISK ASSESSMENT
You should consider the risk when you arrange your betting amounts. The
riskier the bet is in your opinion, the smaller the amount of money you
should risk. The safer the bet, the more you can comfortably risk. The
Trendbetting.com Risk Assessment Table outlines how much of your
bankroll you should wager based on your assessment of the risk.
TREND-STRENGTH RATING
The star number that is given to each selection is based on the
strength of the Trend. The Trend strength is set from 1 star for a new
Trend, up to 5 stars for the strongest Trend. Trendbetting.com sets a
preliminary number for a game by first combining the Trend-strength of
a team with any bet-against Trend of their opponent.
For example: A
team with a 2 star Bet-On Trend playing a team with a 2 star
Bet-Against Trend is a 4 star game. This number is preliminary and
might be adjusted by other factors including line value, home field
advantage, weather, injuries, revenge and other handicapping factors.
MORE MONEY MANAGEMENT
Money management boils down to what you bet when you are
winning and what you bet when you are losing. It is just that easy.
Normally your basic bet amount should be 2% to 4% of your existing
bankroll. If you are picking more winners than losers kick your bets up
a little. Make your basic betting amount 4% to 6% of your bankroll when
you are winning. If you are picking more losers then you should drop
your bets a lot, betting only 1% or 2% of your bankroll. If you dont do
this then your losses will cancel out your wins and you are just
churning.
To manage your money correctly you need the guts to push your
bets up when you are picking very well to collect bigger wins and you
need the discipline to drop your bets when you are losing
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Trendbetting
Nuetral Zone
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In sports gambling
you win with
Bet On Trends.
Bet Against Trends.
(Nuetral zone teams are
a crap shoot)
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