Knowing the proper amount to bet on each sporting event is probably the most important factor in ensuring that you make money gambling on sports. This article assumes that you have an internet betting account and you make a deposit and use those funds until it grows and you withdraw funds or you use those funds until you run out of money and “bust” the account.
First, the basics, do not deposit money using a credit card, unless you pay that credit card off every month. Second, do not deposit money if it is money you cannot afford to lose. Third, do not gamble with money that you need for food, groceries, gasoline, the rent, the mortgage, utilities or your other monthly obligations. In sum, you should only use recreational funds to gamble.
How much to bet per event:
Unless you are gambling in some form of chase system (see our article on “Chase Gambling”) you should never bet more than 2% to 4% of your total balance on any one event. And you should always bet the same amount on each sporting event. The reason for this is that you want to be able to continue gambling with the same amount of funds even if you endure a massive losing streak. All the time gamblers will bet $100 per game when their balance is $1,000.00 or $200 or even $500 per game when they only have $800 in their account. There is no other way to say it, except this is an uneducated method.
Why 3% of your balance is the perfect amount to bet per event:
If you bet 2% of your balance on any given game, then you can endure a 50 game losing streak, before your account hits zero. If you gamble 3% of your account balance, then you can endure a 33 game losing streak before you bust. However, the gambler who bets 10% of his balance can only lose 10 games before he loses everything. If you bet 20% of your balance then you can only lose 5 games, and from there it only gets worse.
If you are gambling, you have to recognize that you will hit losing streaks, sometimes 10 games straight, there is a reason why it is called gambling. You must protect yourself by being able to endure a long losing streak. A simple chart is below, a safe number is 3%:
BALANCE PER GAME
$ 500.00 $15.00
$ 250.00 $ 7.50
$ 100.00 $ 3.00
When to increase how much you bet per event:
To ensure you maintain the maximum amount of protection of your account, the amount to bet per game must remain static until you increase your beginning balance by 25%. Thus, if your account begins with $500.00 and you are betting $15.00 per game, you would only increase the amount you bet per game once you have increased the initial $500.00 by 25% or $125.00 and your total balance is $625.00. At this point you would then re-apply the 3% and begin betting $19.00 per game ($625.00 times 3%). You would continue to bet $19.00 per game until you increased your balance to $780.00 (a 25% increase from 625). Once you hit $780.00 you would begin to bet $31.00 per game.
Why you do not decrease the amount you bet per event:
Once you set the amount you are going to bet per game, do not stray from that number and that number will be your minimum. You should not ever reduce the amount you bet per game. If you do, you will be chasing larger losses with smaller wins. It will create a cycle that you cannot get out of – as you lose you betting less money on the next event, when you win you have won less money than you lost.
When to make a withdraw from your account:
You should only withdraw from an account once you have increased your balance by at least 50%. Thus if you started with $500.00, you would not withdraw until you hit $750.00. Once you hit $750.00 do not withdraw more than your winnings (unless you are not going to gamble with that book anymore). If you want to withdraw funds, withdraw half of your winnings and remember at this point it is appropriate to reduce the amount you bet per game.
Let us take two examples of gambler with a $3,000 and each bets 3% per game, Gambler One increases and decreases his amount per game after each day. Gambler two bets a flat amount regardless of the balance. Each gambler bets 10 games, and wins and loses the same in the same order (alternating wins and losses (5-5 record)). Here are the results:
Gambler One: Starts at $3,000.00 bets $90.00 per game and changes amount bet per game (always 3%)
Game 1: $3,000 balance bets 3% $90 and wins $81.82 ($3,081.82)
Game 2: $3,081.82 balance bets 3% 92.45 and loss -$92.45 ($2,989.36)
Game 3: $2,989.36 balance bets 3% $89.68 and wins $81.53 ($3,070.89)
He continues alternating wins and losses for a total of ten games, he ends with $2,947.19
Gambler two bets $90.00 for every game and alternates wins and losses and at the end of ten games he has $2,959.09.
Thus, the same record, the same order, different philosophy and gambler two has more money.
If you take the same two gamblers and each wins 3 games, loses 2, wins 3 games and loses 2. Then the following ensues: 토토사이트
At the end of 10 games: Gambler One has $3,121.21; Gambler Two has $3,220.91
Finally, if the two gamblers win 2, lose 3 and then win 2 and lose 3
Gambler One has $2,782.88 and Gambler Two has $2,787.27
You can do any combination of wins and losses and other than going 0-10 or 10-0; then method of maintaining a set 3% will always give you the best results.
Regardless of which method you use, do not bet largely different amounts based upon your confidence in the game. Take Gambler Three who bets $100 for his 1 star pick, $200 for his 2 star pick, and $300 for his 3 star pick and $400 for his four star pick. This gambler will bust his account. It is inevitable that the sure-fire bet will miss and the games you are less confident on will win. This Gambler could win his 1 star pick, his 2 star pick and his 3 star pick and be up almost $600.00, however, it will take 1 five star pick losses to knock out all of his winnings, even though he has a 80% winning record.