|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:
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%.
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
From his website you can also contact him about any questions you may have regarding this article or his ebook.
A Receipe to Success
FreeAdGuru Steven says it is all about pre selling. Do not sell the product Do the preselling.
Fantasy Football Offers Gamblers a Unique Kind of Fun
If you are a gambler, and you enjoy sports, chances are you've bet on football at some time in your life. If you love football, and you have never played fantasy football, you'll want to check into this fun and unique way to gamble on your favorite sport that doesn't involve a bookie.
Texas Holdem Tournament Strategy - Sit and Go Poker Tournaments
Welcome to the fourth in my Texas Holdem Strategy Series, focusing on no limit Texas Holdem poker tournament play and associated strategies. In this article, we'll examine the "Sit and Go" tournament - the most popular online poker tournament format today.
What To Do With Your Winnings So You Dont Go Broke
It's been proven time and time again that the majority lottery or other gambling cash prize winners will be broke within a few years of winning. What a very depressing statistic.
Halftime Wagering Part 2
Examples of pre-game research are to see how the teams play in the first half compared to the second half. Look at their stats and points scored for each half and make charts for when they are behind and in front at halftime.
How to Play Online Roulette
Maybe you haven't played online roulette before, or you are contemplating making the move from the good old casino roulette to online roulette. Or maybe, your story is that you can't afford to fly to Vegas as often as you might like.
Craps 101: What You Need to Know About
Alternatively called as Hazard, Craps has been here since centuries. Now the game has been brought to the visitor's PC.
MGM Mirage to build a city on Las Vegas Strip
Plans include a 4,000-room hotel and casino, three 400-room boutique hotels, 1,650 condominiums and 550,000 square feet of a retail, dining and entertainment area. The "Project CityCenter" as MGM officials call it, will stand on the 66-acre site located between Belaggio and Monte Carlo, on Las Vegas Strip.
The New Face of Poker - Internet Poker
There are several online poker rooms that offer Poker games against real people for real money. Millions of people from all over the globe play Poker on the web.
Money Management: The Real Smart Money
Money Management: Picking "your" spotI'm sure we've all talked about money management, but how many of us practice what we preach/are preached about it??? After a decade of betting, I never thought I'd be writing articles about restraint when it comes to Sports Betting. I guess it's easier for me, personally, now that I've become a better handicapper.
Megabucks Slot Machine
"Deposit, click, pull, spin, bells, lights, wait, patience, one, two, three?repeat? again?"The humming song of the one-arm bandit - the slot machine. How far gambling has come (and not!) Some things have changed dramatically with on-line gambling and even virtual slot machines, now almost as comfortable, accessible and acceptable as watching television, flooding search engines and alive and well through pop-ups and other electronic marketing media - other gambling icons have stayed hauntingly the same, or at least so it appears, including the presence of slot machines on the traditional gambling scene.
Apart from being originated from Middle Ages and being one of the most popular casino games in the United States and anywhere else in the world amongst the upper class, it is also one or the most unique and sophisticated games that anyone across the world can have a shot at and enjoy it as well. And to interest a gambler's spirit within, the stakes of the game can go high - as high as a $1000 sometimes - though this can also send some people thinking twice before even entering the game and for those at many places stakes are as low as $5.
A Teenagers Vegas Vacation
This, a true story about a Vegas vacation involving casino gambling and..
The Truth Behind The Limits: What Minimum and Maximum Bets Are About
Have you ever thought about the reason behind the existence of minimum and maximum bets? The truth is simple: casinos want your money. As simple as that.
Bingo is one of the most simple and general game of all times. Be it children's party, classrooms, charity functions or a simple time pass, Bingo finds it place everywhere.
Online Casino - What Is It?
Entertaining industry conquerors more and more space of our lives. Any inventions in any technical sphere of life attract those who are involved in entertainment business.
3 Great Tips To Make More Money Playing Online Poker
There are three very important things that you should have in mind before playing online poker. First you should know how to choose a table, second you should know were to sit at the table you choose and last but not least you should know when to live the table.
Gambling Equipment 101
The excitement and popularity of the gambling games entices few players to own their own gaming equipments. Mini blackjack tables and poker tables are quite famous among the buyers.
Online Poker Tournaments -- Time to get aboard
Online poker tournaments are skyrocketing in popularity due to reasons ranging from low buyins into major tournaments for a fraction of their usual cost to those who do not live within driving distance of a land based poker room. (And of course another factor is the money that can be won.
Compulsive Gambler Seeks Alternatives To Stop Gambling
Compulsive gambler's life was devastated by gambling and now seeks alternatives to help his addiction before he loses everything. This seems to be a common trend among compulsive gamblers.
Section Site Map - Submit News - Feedback - Comments - Advertise with Us
Copyright © 2006 Luminati Inc. All rights reserved.