Does anyone know why so many people lose at sports betting?
Quite simply, the vast majority of all gamblers maintain poor money management skills. That simple reason above all others is why they lose money. There are those that manage money poorly because they are uninformed and there are those that manage poorly because they are undisciplined.
If you are serious about success, it is imperative that you make a plan and remain disciplined. Your plan must entail proper bet size per unit or per game. You should never risk more than 1% of your bankroll ( Of course, don't forget to use bookie free bets offers. ) especially not on soccer underdog.
It is imperative to bet a low percentage of bankroll to achieve success. If you are betting too high of bankroll percentage, one losing streak could eat up your entire bankroll and put you out of business. We cannot stress enough how important this concept is to your success.
Make a plan, establish a bankroll, stick to the plan and you will make money. Don't do those things and you will not.
Establishing a betting stake unit:
If you are a conservative bettor, your bet unit should be 1% of your bankroll. For example, with a $500 bankroll your bet unit is $5 ($500 x .01 = $5). If you are an aggressive bettor, 2% of your bankroll may be used as your bet unit (with a $500 bankroll, your bet unit would be $500 x .02, which is $10). The important fact to remember when establishing your bet unit is that the fewer the units, the higher the risk of bottoming out during a betting session.
When is good time to quit:
Set a win goal and a loss limit for the gaming session. Establishing a predetermined amount to win or lose will help you maintain control over your gambling. Both win amounts and loss amounts should be reasonable.
A loss limit of losing five consecutive game plays, or losing five bet units is reasonable. If you've met your loss limit during the session, why stay to lose more? Simply quit and take a break.
Establishing a win goal is a foreign concept for most gamblers. If you've met your win goal - simply cash out and take a break. Whether you set a win goal of one bet unit, or ten bet units, a winner is a winner - take your profits and take a break!
Betting Money Management Tips:
• Never bet an unusually large amount on any game, no matter how good it looks. Set a limit and stick with it. "Locks" simply don't exist and many sports bettors lose big by falling into this trap each season.
• Never have more than 25% of your bankroll at risk during any given week, even if means reducing your wager amount.
• Stick to a flat betting system or something similar to avoid increasing your bet on high profile games. These games get more attention from the oddsmakers and the lines are tighter.
