Money management is a critical aspect of sports investing and the success of sports betting handicappers is anchored on how sound you manage your finances. This is important as you are faced with multiple investment opportunities when you are engaged in sports betting.
The basic objective of sound money management is to determine how sports handicapper picks much wager would be financially viable when making bets simultaneously. The basic rule is to set your ceiling at 25% of your bankroll at any given time. This allows for a greater opportunity for you to earn compounding profits without exposing your total investment to undue risks if and when high value investment options become available.
Because of the sharp betting odds offered by oddsmakers, the greater number of betting selections will come from the lower half of the star rating scale. You can use this to your advantage when you use the selections coming from the lower half as your hedge stakes against the selections coming from the upper half of the star rating scale. Your plays that carry a higher weight on your bankroll can be counterbalanced by the greater number of investments that carry a much lower weight on your bankroll.
A pointed money management for seasoned sports betting aficionados will play on both ends of the star rating scale. This means that he will go for wagers with higher bankroll weight on a few matches and place bets with lower bankroll weight on a larger number of matches. This balanced betting strategy puts you in the best position in achieving the highest returns over a short period of time. This is one of the best practices of the most successful sports betting handicappers.
Your betting option at a particular point in the star rating scale serves as counterbalance to your betting option at the opposite end of the rating scale. In short, one selection will serve as your hedge in the event that another selection does not yield a profit.
An important rule to follow:
Your exposure must not exceed 50% of your bankroll in a particular day or week. This means that your stake in a given rotation should not cover more than 50% of your bankroll. For instance, if you have a bankroll of $1,000 and 5% unit amount, you maximum number of bets on a single card is 10.
Bad things can happen even with the best sports betting handicappers. It is important you don’t overextend your exposure while you maintain your best chance of earning profits from sports betting.