Sports Gambling - How to Know How Much to Bet Per Event

Sports gambling is not as cut and dry as some people believe it is and without appropriate know-how, a lot of mistakes can be made. It is not abnormal to see both new and ‘seasoned’sports gamblers, betting too much on single events. For instance, it is important for one not to ever bet more than 2.5% of one’s sports betting balance on any given event. The issue of how much to bet is a delicate one and before we deal with it, we must recount a few rules which every sports gambler must remember;

DO NOT bet more than you can afford to lose. As far as sports betting goes, this one should be a no-brainer, but it is not uncommon to see people flaunting this rule without as much as a second thought. When it comes to sports gambling, there are good days and bad days, hence, any money being put down must be disposable and, relatively, unimportant.

DO NOT bet with your heart. We all have our favorite teams and also, happen to know everything there is about that team. That being said, one should be able to make reasonably exact determinations concerning game outcomes, based on that aforementioned knowledge right? Right? Wrong. When it comes to our favorite teams, it is sometimes hard to separate bias from the equation and more often than not, that leads to disastrous outcomes. Do not make this mistake.

DO NOT bet on a game because it is on television. While it is okay to bet on a game on television, it is not okay to bet on any game, for that singular reason.

ALWAYS bet the same amount on every event you bet on. As an example, say you are faced with three sets of soccer games to bet on, Barcelona versus Osasuna, Manchester United versus Arsenal Fc and Real Madrid versus Atletico Madrid, without much thought, the largest bet would most likely be placed on Barcelona, quickly followed by Real Madrid and finally Manchester United. A quick explanation of this betting choice would show the bets to have been placed based on the level of confidence one has in the individual teams, based on past records and outings. Meaning the average sports gambler would put more money on the team he is most confident in, followed by the one he has a certain level of confidence in, that may not be as high as the first and so on. This rule encourages that you abandon that mindset. A scenario that occurs way more than expected is one in which the “best” pick of the day, turns out to be terribly wrong. An unforeseen substitution or injury changes the entire dynamic of the game, leading to results hilariously opposite from that which was predicted. To put this more into perspective, imagine a scenario where Henry bets $500 on Barcelona versus Osasuna, $250 on Real Madrid versus Atletico Madrid and $150 on Manchester United versus Arsenal football club and another sports gambler, Micheal, bets on the same three individual games, but goes in line with the rule and bets $300 all through. Now, both parties have each bet $900. Let’s go a bit further and assume that at the end of the games, in a surprising twist, Barcelona suffers a loss to Osasuna, while the other two games go as expected with Real Madrid winning and Manchester United winning as well, at the end of the day, Micheal comes out on top. They both now have a winning percentage with two wins to one loss, but for Henry, he has lost $100 ($250 + $150 - $500) while Michael, on the other hand, has gained $300 ($300 +$300 - $300). The only thing worse than losing money is losing money while having a winning percentage.

DO NOT bet more than 2.5% of your money on any single event. Yes guys, pay attention to this one. If you arrive at your sports betting venue with $1000 in your sports betting account, assuming you have one, then you should not bet more than $25 per game (2.5%). The logic behind this is quite simple, if you stick to this rule and bet only 2.5%, then using the previous example for reference ($1000), you would need to lose 40 straight games for your account to be completely exhausted. If you flaunt the rule and go ahead to bet say, $100 per game, which would amount to 10% of your sports betting balance, then you would need to lose just 10 straight games before your account began to cry out. This rule gives you multiple shots at winning, giving you a higher chance of gaining, and improving your chances of weathering whatever losing streak you might have, if at all. It should be taken to heart, however, that for this rule to work, rule 4 has to be adhered to and the same amount placed on all bets.

This rule incorporates two in one. Firstly, once you increase the amount you bet on each game, DO NOT go ahead and reduce that amount at any point. As a follow up to this, the only scenario which would warrant an increase in the amount being bet is one in which the initial amount brought to the venue has been increased by 25%. Using the case from rule 5 with the initial amount being $1,000, the bet placed per game will be $25 and will remain so until a 25% increase occurs in the original amount, leaving you with $1,250. After that has happened, subsequent bets per game will become $31.25 which is 2.5% of $1,250. Moving forward, that amount will remain constant, until a further 25% increase in the amount which, by now, will be at $1,560 causing an increase in the amount being bet and so on. It is emphasized that even if one begins to incur losses, the amount bet per game must not be reduced so as to prevent a case where one is locked in a cycle. These rules exist to make sports gambling less strenuous and more enjoyable. Sports gambling, like most other things, has its fair share of best and worst. Personal research also goes a long way in ensuring relative bet security. For the Best Betting Sites for 2017 – Online Bookies reviews, offers, how to’s, this link should prove quite helpful.