Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

How to Manage Your Won Money at Gambling and Sports Betting from Busting It Up at Online Sportsbook


Have you heard stories about people hitting big jackpots, winning high staked all-in Texas Hold'Em poker or going on hot streaks in sports betting ???

Of course you have.

And what happened with most of these (short time to get large amount of money) people ???

Simple answer -- they got a complex of being unbeatable and lost all the money they got in these short time and even went busting their entire bankroll in trying to get back on hot streak.

Don't let that to EVER happen to you.

All you have to do is to follow...

RULE No.1: Maintain The Right Money Management.

1st and most important rule you have to implement is how much money are you going to maximum bet on 1 bet?

These can either represent a:

  • % of your bankroll (like 2% or 5%) or
  • it can have a fix amount (like $200 or $5000).
  • I myself bet 5% of my current bankroll and I change my stake every 2 weeks (that's 2x a month). That means that I start a year with the 1st day of NBA regular season and I bet a $1000 on a single bet. Then I change amount every 2 weeks BUT my stake is always 5%.

    Example:

    My starting bankroll is $20.000 and 5% is $1000. After 2 weeks my current bankroll is let's say $28.000 so 5% is $1400 and so I bet for the next 2 weeks $1400 on every SINGLE bet.

    But don't just read these lines here but...

    STOP READING AT THIS MOMENT and GET a decision HOW MUCH WILL YOU BET on every bet from now on !!!

    Take as many time as you want (minutes or hours I don't care) but please don't do it for my sake but DO IT FOR YOURSELF !

    Believe me you will thank me more then once in future for these step you will MAKE NOW !

    Let's continue to...

    RULE No.2: Always bet on SINGLE bets ONLY !!!

    The classic mistake an average bettor makes, is to bet on parlays.

    In any pro sports where any team can be defeated it is suicidal to bet on doubles or higher team parlays.

    Yes -- the odds are getting also higher but your chances are more rapidly falling then odds for winning this parlay is increasing.

    Fact: more teams you put in your parlays, the less chance you have to beat sportsbooks in the long run.

    You might win some parlays once in a while but in the long run you are just throwing your money away.

    And that's it.

    Stick with this simple 2 rules, obey them and you will be minimizing the risk of busting your entire bankroll in less then a week.

    The author of this article, Bruce Goldmayer - is a well known sports betting investor that also published
    an ebook Spank Your Bookie - How to Make & Save TIME and MONEY with Sports Bettting

    From his website you can also contact him about any questions you may have regarding this article or his ebook.
    You can GET a FREE Chapter or DOWNLOAD his ebook at http://www.SpankYourBookie.com


    MORE RESOURCES:

    Reporter Newspapers

    Commentary: residents talk about legalizing casino gambling
    Reporter Newspapers
    Commentary: residents talk about legalizing casino gambling. Reporter Newspapers staff asked residents in Brookhaven, Buckhead, Dunwoody and Sandy Springs: There's a proposal to legalize casino gambling in Georgia. Would you support or oppose a ...



    nwitimes.com

    Lake Station Mayor Accused Of Taking Money To Cover Casino Gambling Debt
    WBIW.com
    (HAMMOND) - A northwestern Indiana mayor is set to go to trial over allegations he and his wife took more than $20,000 from his campaign account in order to cover casino gambling losses. Lake Station Mayor Keith Soderquist and his wife Deborah ...
    Indiana mayor, wife going on trial in federal courtWISH-TV
    Lake Station mayor, wife going on trial in federal courtNews Dispatch

    all 15 news articles »


    Atlanta Journal Constitution

    First meetings set to study legalized casino gambling in Georgia
    Atlanta Journal Constitution
    Efforts to legalize casino gambling will get a closer look in September, when state lawmakers will meet for the first time since MGM Resorts International went public with its push to bring Las Vegas-style gambling to Georgia. A legislative study ...

    and more »


    Atlanta Journal Constitution (blog)

    Casino gambling still a poor bet for Atlanta, Georgia
    Atlanta Journal Constitution (blog)
    It's amazing how flexible moral principles can become once Big Money begins to wield its influence. Case in point: The debate over casino gambling in Georgia. For years, the idea of casino gambling has been a complete non-starter in this state. Georgia ...
    Tom Crawford: Step right up and place your betsSavannah Morning News

    all 2 news articles »


    WCPO

    House Speaker Stumbo wants voters to allow casino gambling in Kentucky
    WCPO
    FRANKFORT, Ky. -- Kentucky might take another roll of the dice when it comes to legalized casino gaming. House Speaker Greg Stumbo, D-Prestonsburg, wants the state to cash in on billions of gambling dollars leaving the state, so he's planning to file a ...
    Prospects For Expanded Gambling Unclear As Candidates Weigh InWKMS
    Opposing gambling views in Ky governor's raceWHAS 11.com (subscription)
    House Speaker to Propose Expanded Gambling Legislation, Casinos in KentuckyKentucky Center for Investigative Reporting

    all 23 news articles »


    CBS Local

    Has the bet on casino gambling in Baltimore been a bust?
    Washington Post
    There were great expectations for Horseshoe Casino when it opened in Baltimore last August. Crowds surged, music blasted, festivity reigned. Big-dollar optimism was in full force as well, as casino industry consultants hired by the state predicted ...
    Maryland Casinos Have Nearly $100-Million JulyCardPlayer.com

    all 6 news articles »


    World Casino Directory

    Georgia State brings meetings to discuss legalizing casino gambling
    World Casino Directory
    The state of Georgia is looking into legalizing casino gambling, with meetings set for September to discuss the subject. State lawmakers will be meeting for the very first time to discuss casino gaming after MGM Resorts International announced publicly ...
    Georgia Casino Exploratory Meeting Scheduled for SeptemberFlushdraw
    Georgia State Government to Launch Casino StudyPoker News Daily

    all 5 news articles »


    Casino gambling a bad bet for Atlanta, Georgia
    MyDaytonDailyNews (subscription)
    It's amazing how flexible moral principles can become once Big Money begins to wield its influence. Case in point: The debate over casino gambling in Georgia. For years, the idea of casino gambling has been a complete non-starter in this state. Georgia ...
    Tom Crawford: Georgians, get ready to place your betsGainesville Times

    all 2 news articles »


    ABC Online

    Man fined $300 after dropping bag of cocaine on Darwin casino gambling table
    ABC Online
    A man who accidentally dropped a bag of cocaine on a Darwin casino betting table and then told police it was "just a few party drugs for tonight" has been convicted and fined. In the Darwin Magistrates Court, Reza Passmore pleaded guilty to possessing ...

    and more »


    OCA News

    Alabama Moves One Step Forward Towards Casino Gambling
    OCA News
    Alabama took a step towards gambling legislation this week as the Senate Tourism and Marketing Committee voted 6 – 2 in favour of a proposal to hold a referendum on creating a state lottery and allowing casino gambling at four existing dog tracks. The ...


    Google News


    Advertisement



    Section Site Map - Submit News - Feedback - Comments - Advertise with Us

    Copyright 2006 Luminati Inc. All rights reserved.