Money Management When Sports Betting Articles | Gambling

By: Richard Bleuze

If you are to do sports betting in a serious way, you must treat it as you would any other business.   Your inventory in sports betting is your cash.  Thus, if you run out of cash, you are out of business.  There is an old saying that sports bettors should NOT use their rent money to place a sports bet.   Well, that is true.  However, if you are making sports bets for a living it is also true that you must not use your gambling bankroll to pay the rent. 

The thing to remember about sports betting is the amazing return on investment (ROI) that is possible.  The return on investment is a function of the winning percentage and the amount that is invested.  The amount invested is a function of how many games (investments) are bet and how much is your bet on each game.  

I suggest that you bet 1% of your bankroll and that you continue to flat bet until your bankroll has grown by at least 25%.  Once it has reached the goal of 25%, then you should recalculate the 1%.  Thus,  if you started your bankroll with $50,000, you would make your sports bets at $500 a game until your bankroll grows to at least $62,500.  At that point,  I would suggest that you refigure your unit in making your sports bets to $625.  This way your actual risk reward ratio does not get too high.  In addition, you should never lower your sports bets no matter what others tell you.  Keep in mind, that if youe vary your sports bet, your breakeven goes up.  Thus,  at a 1% unit you can ride through a losing streak and not vary your sports bet. 

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