
How Much Should You Bet?
Sports Betting for Entertainment
Like most forms of gambling, money management is an
important element of sports betting. At the outset,
it is important to define your objective.
For many people, sports gambling is primarily entertainment.
You might have a small budget set aside for your favorite
sports season and you simply want to place some bets
every week to add excitement to watching the games.
Of course you want to win your bet, but losing the bet
is not the end of the world.
For this type of sports betting, you may want to use
a simple budgetary type of money management. Give some
serious thought to your budget for the season. Then
divide that budget by the number of weeks in the season.
This is your betting budget for the week. Stick to it
even when you come across that game that you think is
a sure thing.
If you like, you can readjust your budget by adding
your winnings to your remaining budget and dividing
the total by the number of weeks left in the season.
Recognize that if you do this, you increase your risk
of volatility.
You will have larger bets being placed on fewer games.
Therefore, it is more likely that you will have won
more money or lost more money at the end of the season.
The more conservative strategy is to avoid readjusting
your bets and place smaller bets over the entire season.
Sports Betting for Professionals
The professional sports gambler is interested in maximizing
his betting return. This requires a more disciplined
approach to sports betting that primarily focuses on
spreading smaller bet amounts across a larger number
of bets. The goal here is to minimize volatility and
never put the bankroll in jeopardy.
You will generally want to keep your individual bets
to less than 3% of your bankroll, with 1% to 2% being
ideal.


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