Sports Gambling – How to Know How Much to Bet Per Event

The most common mistake amateur and professional sports gamblers make is betting too much on individual events. A simple hard and fast rule is to never bet more than 2.5% of your sports betting balance on any given sporting event. However, before we get to the details of how much to bet there are a few basic rules that any sports gambler must remember:

Rule 1: NEVER bet more than you can afford to lose. This is the one rule that too many people ignore before it is too late. Ignoring this the rule creates all the horror stories. In sports gambling you must remember that there will be hot streaks and cold streaks and you do not want to subject your rent money or mortgage payment to any risk what-so-ever. If the money you are using to gamble is earmarked for a necessity then you should not be gambling with it. Only gamble with discretionary income.

Rule 2: NEVER bet with your heart. This, again, is one simple rule that many gamblers seem to ignore. If the Dallas Cowboys are your favorite team, you must recognize (despite what you may think) that you WILL be biased in trying to determine the winner of any of their games. The common (mistaken) logic is that because they are your favorite team you know more about that team and therefore, you should be able to make a determination about the winner of their games. Nothing is further from the truth. The problem with this logic is that you listen to biased Sports Radio regarding your team, you read biased Newspaper articles regarding your team and most importantly, you are biased about your team. The best rule to follow is to avoid betting on any game that involves a team that you have ANY allegiance toward.

Rule 3: NEVER bet on a game because it is on Television. It is okay to bet on a game that is on Television, but do not bet on a game SOLELY because it is on television.

Rule 4: ALWAYS bet the same amount on every event that you bet. To state it differently, do not play $250 on Pittsburgh versus Dallas, $150 on New England versus Indianapolis and $500 on Oakland versus Chicago. The only reason Sports Gamblers do this is because they feel more confident about Oakland versus Chicago, less confident about Pittsburgh versus Dallas and slightly confident about New England versus Indianapolis. All too often, the “best” pick of the day, turns out wrong, a back door cover creates a loss or a late interception causes a change in the result of the game. DO NOT FALL FOR THE 5 STAR LOCK OF THE DAY. This is why: Say Steve bets $500 on Oakland +7 versus Chicago; $250 on Pittsburgh +4 versus Dallas and $150 on New England -3 versus Indianapolis. Further say Tom makes the EXACT three same picks, but bets $300 on each game. Both gamblers have bet $900.00. Assume Oakland does not cover but Pittsburgh and New England do cover. Steve won 2 games and lost 1, but has lost $100.00 ($250+$150-$500). Tom on the other hand has won 2 games and lost 1, but has won $300.00 ($300+$300-$300). There is nothing more frustrating than having a winning percentage, but losing money.

Rule 5: NEVER bet more than 2.5% of your bankroll on any single event. If your balance in your sports betting account is $1000.00 then you should bet $25.00 per game. The reason is very simple. If you bet $25.00 per game you would have to lose 40 straight games before your account busted. If you bet $100.00 per game (10% of your balance) you would only have to lose 10 straight before your account busted. In other words, by betting 2.5% of your account balance on any given game, you INSURE yourself that you will be able to withstand even the worst losing streak. Make sure that you follow Rule #4 as well…Do Not bet more money on one game and less on another.

Rule 6: Once you increase the amount you bet per game, DO NOT reduce the amount you bet per game. Further, you should only increase the amount you bet per game once you have increased your bankroll by 25%. Taking our example above further. If the bankroll is $1,000.00 then the bet is $25.00 per game UNTIL the original balance is increased to $1,250.00. At this point, the amount bet per game is increased to $31.25 per game (or 2.5% of $1,250.00). You would continue at this amount until the balance is increased against by 25% (to $1,560). If you would begin to lose and you fall below the last benchmark YOU DO NOT REDUCE the amount bet per game. If you do, you will find yourself in a never ending cycle.

Following these 6 simple and rather basic rules you will find that sports gambling will become less stressful and more fun.

Football Betting Guide – Tips and Strategies to Bet Wisely on Football

Sports betting is one way to enjoy the game and make extra money as well. However, although this is a gamble and winning is only by chance, you it can however be a fun way to enjoy your favorite sports and make the battle more exciting. However, there are important tips that you need to learn before even putting your money into these games.

If you are a football fan and you want to make the game more fun and you would like to bet on the game, here is a simple football betting guide that will help you bet wisely. Although there are no clear cut way to win a bet on any sports game, a little research on how betting is done can help your chances of winning though.

Here is a simple football betting guide that you may find useful.

Do your research. Keep in mind that sports betting is a gamble but you can increase your chances of winning by doing a research on which type of bet can give you higher chances of winning. In most sports betting, you will have big winnings in bets that are difficult to win and lower winnings in bets that are easier to win. The choice depends on what you want though, but the risks are always there. Also do a research on the teams playing. Have a research on the teams, their chances of winning, their past performances, records of injuries and many other aspects of the game. Of course, choosing the best teams is also important in making the best wins in sports betting.

Only bet what you can afford to lose. In any betting or gambling game, it is important not to put all your money on it. Gambling is a game of chance and you can’t just risk all your money into something that the outcome is not sure of and risks are very high.

Choose what type of wager you want to put your money. Keep in mind that different bets have varying risks and chances of hitting the jackpot. A wise choice however, can help you manage your money as well as your betting.

Some of the types of bets that you can find in football are straight bets, parlays totals, half time wagers and many others. In straight bets, the team you wagered on must win the game for you to win as well. In the case of a tie, there will no winner and your money will be given back to you or deposited back into your account.

You can also bet on the combined score of both teams for the games you have wagered on. You can also bet on the halftime score, whether the first half or the second half. This is called halftime wagers. You can also choose to bet on 2 or more teams to win in the games at no particular order.

Keep in mind that there the higher the risks, the higher prize you can win, so you have to choose wisely whether you want to risk for the difficult to win or those that are easy to win but with smaller prizes.