Part 2....
3. Money management is a key component in sports betting. If you plan on winning in the long term, then I suggest you keep the sizes of your wagers very similiar, if not the same. Say you handicap the whole card for the day and come up with 15 plays that you like, I would try and narrow that down to about 3-5 of your stronger plays and put the same amount on all of them. It's also advised that you keep your plays anywhere from 2-5% of your total bankroll.
I can't say this enough, but I wouldn't just bet a game simply for action because it's on National TV or televised locally. In my opinion, that's the worst thing you can do and a fast way to go bankrupt. You mind as well not even handicap any games if you are going to do this. If you handicapped the game and it's one of your 3 strongest plays for the day, then go ahead, but don't just bet it for action or because your bored!
4. Parlays, props, teasers, pleasers, monsters, round robins and anything else thats not a straight wager are real fun, but you have to understand that these bets are a sportsbooks best friend. Matter of fact, these bets are the sportsbooks "nut" if you will. They profit on these bets more than anything else. I would try to avoid these bets like the plague. You would have to be extremely lucky to beat a book by betting these wagers, especially in the long term.
I would stay away from the gutshot props and if you really like a parlay or a teaser, then bet them all as straight wagers. Don't put all your eggs in one basket and expect all the teams involved to win, even by chopping points on a teaser, it's still very unlikely and a difficult way to make a profit.
Sports betting is fun, but how long do you want to have fun with your current bankroll? I can assure you by having bad money management and strictly placing prop bets, it won't be long!
Part 3 tomorrow... |