How Much to Bet on Each Sporting Event?

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Professional and recreational gamblers frequently make the error of spending too much money on a sporting event. As a result, betting more than 2.5% of your total sports betting balance on any game is strictly forbidden. Read the Best info about 먹튀폴리스.

Before we dive into the specifics of how much to wager, though, there are a few rules that every sports bettor should keep in mind:

First and foremost, only risk what you can afford to lose. This is the only rule that most people break without thinking about the consequences. Horror stories result from breaking this one rule. Keep in mind that there will be hot streaks and cold streaks in sports betting and that you should not put your rent or mortgage payment at risk. It’s unwise to risk losing the money you need for basic living expenses on a gamble. Bet only what you can afford to lose.

Second Rule of Thumb: Never, EVER Bet with Your Heart. Again, this is a basic rule that many players overlook. Despite what you may believe, if the Dallas Cowboys are your favorite team, you WILL be biased when trying to predict the outcome of any of their games.

The standard (incorrect) assumption is that if a team is your favorite, you must know more about them and be able to predict their game outcomes. The opposite is true. The flaw in your reasoning is that you immerse yourself in a biased environment (sports radio, newspapers) and are limited in your team’s favor. The golden rule is to never wager on a game involving a group to which you feel even the slightest allegiance.

Thirdly, never wager on a game just because it will be shown on television. Waging on a televised game is OK, but you shouldn’t do it just for exposure.

The fourth rule is that you must always wager the same amount on each wager. So, to rephrase, avoid bets of $250 on Pittsburgh vs. Dallas, $150 on New England vs. Indianapolis, and $500 on Oakland vs. Chicago. Sports bettors are only leaning in that direction because they have a higher degree of confidence in New England’s chances against Indianapolis and a lower degree of confidence in Pittsburgh’s against Dallas.

Unfortunately, it’s not uncommon for the “best” pick of the day to go awry, for a back door cover to result in a loss, or for a late interception to alter the final score. For example, let’s pretend Steve bets $500 on Oakland +7 against Chicago, $250 on Pittsburgh +4 against Dallas, and $150 on New England -3 against Indianapolis, and he advises you to NOT FALL FOR THE 5 STAR LOCK OF THE DAY. Let’s assume Tom also makes the exact three predictions, but this time he’s willing to risk $300 per game. Each player has placed a $900.00 wager.

Let’s pretend that neither Pittsburgh nor New England covers and that Oakland does. Steve went 2-1, losing $100 ($250 – $150 – $500). Conversely, Tom has won $300.00 ($300+$300-$300) despite having a record of 2-1. Having a high winning percentage but still coming out on the losing end is highly frustrating.

Fifth, you should never risk more than 2.5% of your funds on a single wager. For example, with a $1,000.00 sports betting account, you should place a $25.00 bet on each game. The explanation is elementary. It would take 40 consecutive losses at $25.00 per game to wipe out your bankroll at this stake.

If you risked 10% of your bankroll on each game ($100), all it would take to wipe out your funds would be ten consecutive losses. Put another way, if you bet 2.5% of your bankroll on a single game, you can weather even the longest losing streak. Don’t break Rule #4 by placing larger wagers on some games while placing smaller ones on others.

Rule 6: If you increase your per-game wager, you CANNOT decrease it. And only after you’ve increased your bankroll by 25% should you consider increasing your bet per game. Continuing with the above illustration. For example, with a $1,000 bankroll, a $25 chance would be made on each round until the bankroll was increased to $1,250.

After this increase, each game will cost you $31.25 (2.5% of $1,250.00). You would keep making payments of this amount to increase the balance by 25% (to $1,560). You should not decrease the bet amount per game if you start losing and drop below the previous benchmark. Doing so will lead you into a loop that will never end.

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