Important money management rules:
I believe money management is one of the if not the most important rule in sports betting. Why? We all need discipline and if you set rules for yourself it's easier to keep this discipline in tact.
I am going to contribute one of my rules that really helps me out here it is:
Always cash out 90% of your bankroll monthly.Why? because most books have a
one free a month payout policy use it! say you are up $3,000 for the month and you say to yourself I got the power of $ on my side now I'm going to triple that this month.Wrong! you need to take your winnings out and start from scratch that way it helps you stay grounded and stick to your set of rules.
See:who has the best set of rules they follow for sports betting? POST AND VOTE NOW.IN THE PLAYERS TALK FORUM
Back to subject: Say you keep your $3,000 in your account and you are confident on your nights plays and you lose. Everybody that gambles should know that even one loss can send you on a downward spiral in a whirlwind.
One loss and you lose confidence second guess yourself and worse of all YOU can go on TILT!
MORAL OF THE STORY IS:Always bet like your down to your last dollar whether your up or down.
I would like to hear about other SBRmermbers MONEY MANAGEMENT GUIDELINES
Please keep all comments related to the SUBJECT
I know that there will be childish remarks in this thread from past experiences
JUST IGNORE THEM! half the posters in this forum I honestly believe they are under the age of 16
Good luck
PAULYPOKER
I am going to contribute one of my rules that really helps me out here it is:
Always cash out 90% of your bankroll monthly.Why? because most books have a
one free a month payout policy use it! say you are up $3,000 for the month and you say to yourself I got the power of $ on my side now I'm going to triple that this month.Wrong! you need to take your winnings out and start from scratch that way it helps you stay grounded and stick to your set of rules.
See:who has the best set of rules they follow for sports betting? POST AND VOTE NOW.IN THE PLAYERS TALK FORUM
Back to subject: Say you keep your $3,000 in your account and you are confident on your nights plays and you lose. Everybody that gambles should know that even one loss can send you on a downward spiral in a whirlwind.
One loss and you lose confidence second guess yourself and worse of all YOU can go on TILT!
MORAL OF THE STORY IS:Always bet like your down to your last dollar whether your up or down.
I would like to hear about other SBRmermbers MONEY MANAGEMENT GUIDELINES
Please keep all comments related to the SUBJECT
I know that there will be childish remarks in this thread from past experiences
JUST IGNORE THEM! half the posters in this forum I honestly believe they are under the age of 16
Good luck
PAULYPOKER
