Sports betting as compared to standard betting or investing in stocks and bonds is like comparing apples to apples. You will most surely have a far better and sooner chance to make money with sports betting, if you keep these two strategies in mind.
So, what is the first strategy for money making in the category of Egp88 betting? First is don’t place a bet that you can’t afford to lose, and of course it’s easy to say that since you’re not personally gambling with your money. Never bet money that you need to pay bills or to put food on the table. If you are pushing all in with your favorite football team, even if you think you have a 70% chance of winning, you’re probably wrong and you’ll lose the game.
The second part of this strategy involves what I call bankroll management. You’ve no doubt heard this phrase a thousand times, but it’s so true. Your bankroll is the amount of money you have put aside with the intention of betting on sports. For instance, you have a $500 bankroll and you decide to invest $20 per game. You can bet $500 on three games, but if you lose the first bet, you move down a level of bet size until your bankroll can afford to afford the loss no matter what.
You should never bet more than 5% to 10% of your bankroll on any game. No matter what happens in the sports world, you stay in control and that lets you have fun. One other point is never bet more money than you can afford to lose. It’s obvious that you can’t lose everything you’ve got, but don’t let the fear of losing your hard earned cash get in the way of having a good time.
There are systems that are scams, so you need to be aware of the ones that aren’t backed by a wealth of statistical data and first hand knowledge. Anybody can say they have the perfect sports betting system, but I can’t stress enough that no system is perfect. Even the best roulette strategy or the best craps strategy is only as good as the people using it. The house still has the advantage using any system.
That’s why I prefer to use systems that analyze the data on the teams and the players and come up with an easy to understand, logical formula for placing bets. Then, once those systems have proven themselves, you can perfect them yourself. You can test them in the short term by betting on the parameters that you set and the money you set in the bankroll. You can also wait until you have established a bankroll that’s big enough to make a profit.
The bottom line is that it doesn’t matter which system you use. You need to use a system that has parameters that you can work with and that has proven itself for being profitable. Don’t put too much weight on a certain betting system as long as it’s lower risk. As you increase your bankroll, you can increase the risk, but you can’t eliminate the rewards, so you’ll have to experiment until you find a betting system that suits you the best.