NHL Betting Guide: When Should You Pay Yourself?

Dana Lane

Wednesday, May 24, 2017 4:30 PM UTC

Wednesday, May. 24, 2017 4:30 PM UTC

In my previous entry we talked about what it would take to make the famous Martingale System work because mathematically, one would think, that eventually it would have to be successful if you were a half way decent hockey bettor.

We used the 10 loss model as a ridiculous amount of games you would have to lose to surrender all of your bankroll. Before I continue, keep in mind, this is not an endorsement of this system in any way but it is fun to think about what could be if you have a large enough bankroll and the discipline to match. The entire math is in my previous post so I won’t bore you with the details but please go back and read it.

 Let’s talk about when you should increase your bet and when should you pay yourself?

An easy rule of thumb is to increase our bet amount with every $300 won and I don’t mean go crazy and increase it by $100 but a $10 player should be able to upgrade their play by a dollar. Doesn’t seem like a lot for sure but remember we’re talking about starting with the smallest bankroll amount you can have to start betting this system.

Know this, if you’re a $10 bettor then you need to realize that this will be a long process. The hardest part about wagering is the beginning. That’s the time when you’re trying to build a bankroll from nothing. The problem is life never quite allows you to grow your nest egg because you’re constantly borrowing from it. When you can separate bankroll from bills that’s when you can truly start to achieve success.

MUST READ: The Importance of the Shots on Goal Statistic So when do you start to pay yourself?

After all, isn’t this what it’s all about? I’ve come up with a 1/3 rule. Every month I take my winnings and give myself 1/3. Then 1/3 to my business expenses with the other portion staying in my bankroll to continuously grow it while making some money. Understand that if you do this right, your profit should grow every month.

The bottom line is this, you need a proper bankroll, discipline, have a plan, and stick with it no matter what.

Right now you have until October to get a proper bankroll and with that be willing to play less than 1% of your bankroll to truly do this correctly.

Need To Get Basic? Check Our How To Bet NHL
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