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Sports Betting for the Novice

Sports wagering is one of the most popular activities in casinos today, accounting for one of the five dollars bet. At the end of the day (or season) most of that money is placed in the casino’s coffers, leaving the punters (sports bettors) with broken dreams and empty purses.

Whether a serious sports gambler or one who only table bets a game on occasion, we all like to win or at least protect our money by reducing our losses. Sports wagering is unlike many other casino games in that it is a game of skill rather than a game of chance. There are several features to becoming a successful sports gambler including bet sizing, money management, basic familiarity with the adventure and researching each game on which you are bets

Money management and bet sizing will be discussed in this article.

Money Management

Your money is your lifeblood and must be protected. Without it you are out of the action. Setting a maximum percentage of your money that you are happy to bet on a game is the best way to minimize risk. Five percent is a reasonable amount that will offer sufficient protection, but still offer an opportunity for large wins. For example, if you money is $1, 500, your maximum bet should not exceed $75. แทงบอล

One point that must be stressed is to always figure your 5% maximum bet off from your original money total. Should you win a few bets and your money increases to $1, 900, don’t increase your maximum bet to $90 (5% of $1, 800), but keep it at the original $75 max. This will minimize your deviation, which will in turn protect your money. In addition, should your money fall below the original $1, 500, continue to figure the 5% off from your original $1, 500. This will maximize your chance to build your roll back to its original amount and beyond.

Bet Sizing

If you use a professional sports handicapping service, you will learn that these services recommend bet sizing in terms of units. For example, a sports handicapper may recommend placing a 2 unit bet on the New york Yankees. It will be up to you to decide how much each unit is worth. A good recommendation for the $1, 500 money mentioned previously, is $10 per unit. Thus a 2 unit guess would translate to $20.

There are several types of wagering systems which have been used in casinos over the years. One of the most successful is also one of the most simple, with only three bets levels to consider.. It provides money protection while offering an excellent chance of a profitable season regardless of the sport.

Your initial bet will be 2 units ($20 with a $1, 500 roll). Should you lose the bet, increase your next bet to 3 units. If this bet is also a loser, your next guess will be 4 units. This is the maximum bet you are allowed to place. Win or lose at the four unit level, your next bet reverts back to 2 units. Of course, should you win your bet at the 2 or 3 unit level, your next bet will drop down again to the original 2 unit level. This will give you three chances to pick a winner and come out ahead if your guess pays back more than you bet.

Should you endure a losing skills that falls your starting money by 10% or more, you simply double your bets to 4, 6, and 8 units. As soon as you build your roll above 90% of your starting balance, your bet sizing will drop back to the original 2, 3, 4 level. It both limits your deviation and allows you to recover your losses in a steady manner.

Bet sizing alone will not make you an absolute sports wagerer. You must also make intelligent, informed decisions on which games to bet and what constitutes a positive expected value guess.

If you’re looking for a “get rich quick” system for sports bets, this is not for you, but if you are interested in growing your money slowly and steadily, it might be a good fit.

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