Archive June 2019

Clever Management of Your Bankroll When Sports Betting

Betting on sports a worldwide obsession. Estimates are over 150 billion dollars are spent in gambling each year, and in England alone, there are an estimated 10,000 gambling sites. And after the Supreme Court ruled in the state of New Jersey’s favor in a lawsuit, states in the U.S. are lining up to consider sports gambling rules.

The most popular sporting events for sports gambling are the FIFA Soccer World-cup, the Kentucky Derby, the NCAA Final Four, (March Madness), the NFL Superbowl, The Grand National (England’s biggest horse race) and the World Cup of Cricket.

 Managing your Bankroll

Professional sports gamblers emphasize, time and again, that besides knowledge of the sport and picking key bets to minimize the odds of losing such as betting on whether a team will beat the point-spread rather than just winning or losing the game, the single biggest key to managing sports betting is to learn to control your bankroll.

The way professionals manage their bankroll is to never wager more than 2 percent of their stake. Which means if they have a $10,000 bankroll, the maximum bet unit that they can win or lose is $200.

Of course, most amateur sports gamblers do not have a $10,000 bankroll to wager, so their relative proportions will go up. If their bankroll is $1,000, then chances are they will bet $100 on the outcome of the game.

Even the best pro gamblers average around 55 percent of winners, so you bet $100 on 10 games, and you are very skilled, you are looking at a profit of $50 or so for your bets.

Most people don’t think of it that way, however, which is one reason why there are so few winners on judi online overall.

One workaround for this is to reduce the fun factor and limit your bets. Say again that you have a $1,000 bankroll. If you pass on betting on 6 of the 10 games and bet on only four, at $250 each, you still would win, on average, $50, but there’s a better chance you could pick 75 percent winners, which would boost your overall winnings to $75 or more.

The plain fact is that in any gambling game, sports included, the fewer bets you make, the better you have a chance of hitting a winning streak.

 Why Sports Gambling is Possible to Win

Despite the fact that many people struggle to stay even, you can, in fact, win at sports gambling, either at a casino or online, because you are not really betting against the house. Except for a short time, you will lose at almost any gambling game in a casino. In sports betting, however, you are not playing against experts, but the overall opinion of other sports gamblers.

Casinos, online or off, set the opening line on a sports bet to encourage gambling, but fundamentally they win their house commission no matter who wins or loses.

So do your research and play smart.