Not to be a smart ass but it really comes down to wins and losses, if you are not winning games consistently it really doesn't matter how well you manage your $. Here is some very basic tips that might help you out.....as you gain experience things like hedging, live betting, etc. can also be helpful in keeping a solid bankroll.
Set goals, establish an amount that you are looking to make each month. If $500 is the amount each month, ask yourself if that’s an amount you can afford to lose as well without any worries. When you don’t have that amount you are trying to achieve you tend to make irrational decisions and generally end up reaching for an unrealistic goal. I wish I had back all the $10-$20 parlay’s I put in knowing that 90% of the time the outcome was not going to end up in my favor. Those small bets really add up and detract from the overall goal. I’m not saying don’t ever put in another parlay 3 or 4, but have the established bankroll where you don’t really notice it if you miss it, but defiantly is noticed if it hits.
Having a solid bankroll is important not only for financial state but more importantly with the mental state. You tend to think much more rationally and relaxed when you have an established bankroll as opposed to your last $100 and the pressure of having to hit. The same thought process applies during a 6 game winning streak, the tendency to become over confident and not put in the same effort research wise will quickly turn that winning streak into a losing streak. Whenever you feel like you have to hit a game that’s generally a sign of pressing, and probably resulting in a loss. When your account starts to drop after a couple of losses human nature is to press and try to recover that money, whether it be on the 10:30pm NBA game or the 11:00pm NCAA game it is generally best to stay away from the final games of the night, unless it was a game of interest from the beginning. The games never end, know that tomorrow will always be there for a chance for recovery. The mind set of wanting to get your losses back now, now, now will get you in trouble.
Good Luck
Deledio2Tambling