It is critical that you learn these principles or else you are pretty much just throwing money down the drain.
1. Minimizing Losses – is the key to becoming a winner. If you can show me a guy that can intelligently cut his losses at the right time, then I can show you someone that can make money in sports betting. The main key is to keep your losing streaks affordable so you can stay in the game.
The most important concept in protecting yourself during a bad run of games is to set a stop-loss limit. Smart bettors never allow themselves to get destroyed by a typical losing streak. Before you start betting, you must determine the amount that you are going to bet during the entire season. Then you have to divide up your bankroll so that you can handle a normal losing streak and still be in the game. If you follow these guidelines you will survive anything.
2. Increasing Bets On Win Streaks – do so only in moderation. When increasing your bets, do it gradually and never make some huge jump so that it will turn a modest losing streak into a monumental loss that wipes out months of hard work. That really hurts.
For example, lets say you bet a flat $10 per game and you are winning then increase to $15. And if things continue to go well, then increase your bets to $20. This way you will protect yourself against the downside and increase your winnings at the same time.
This way you will be able to minimize your losses if your luck should suddenly change.
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