Money Management

MONEY MANAGEMENT

This is an article I've ran across the past couple of seasons and always thought it made pretty good sense. When I seen it again this year I thought I'd pass it on.



If you follow these guidelines you will earn more money then you’ve ever won in sports wagering.



Only 2% to 3% of people who wager on sports are long term winners. For the most part it’s not because the losers are bad handicappers, or using poor handicapping sources. IT’S BECAUSE THEY HAVE NO CONCEPT OF WHAT A BANKROLL IS, ANY RESPECT FOR IT, OR HOW TO USE IT.



If you are interested in maximizing your earnings and minimizing your losses using a disciplined, unemotional system, then read on…if not, do everyone a favor, especially yourself, and find yourself a hobby other than sports investing.



There are three factors to successful sports investing:

1. Handicapping the games proficiently.

2. “Shopping lines” to get the best value.

3. Employing a disciplined money management program.



You can do above-average with the first two but fail (financially) if you do not manage your money correctly. But you will never do poor, financially if you successfully manage your bankroll.



One of the most difficult things to do is follow instructions. If you are able to achieve the PATIENCE and DISCIPLINE to follow these rules you will become more financially successful than you have in the p... [More]