When it comes to betting on sports you can most certainly bet on the fact that one day… you will lose.
You may experience a BIG LOSS on a single bet, or quite possibly, LOSE ALL OF YOUR BETS for that one day.
If you should be so unfortunate as to experience such a scenario (betting and losing your entire bankroll in one day) you could find yourself in a terrible position, because if you have no self control and if you are not a disciplined bettor, you might get desperate and continue to BET BIG in an attempt to make up for the bet or bets that you have already lost.
This is a terrible betting strategy, because then, if you desire to continue placing bets that same day or the next day, your gonna have to go back to the ‘kitty’ and withdraw more dollars, which may be a problem, if the ‘kitty’ is holding dollars that have been set aside for the mortgage, car payment, or kids college.
We will talk about Sports Betting-Money Management directly, but for now, it is extremely, extremely, extremely, important to me that everyone scorch this point onto the brain:
NEVER BET MORE THAN YOU CAN AFFORD TO LOSE
If you are a novice gambler, then it is important that you accept Sports Betting as a form of entertainment that has the POTENTIAL to reward you with a profit, but do realize, that making a profit is NEVER guaranteed.
The object of sports betting is to not lose your entire bankroll in one betting session, and as my good friend has said many times… “if you can live to bet another day, you are doing just fine.”
If you accept sports betting as a form of entertainment, you will most likely have fun with the experience, and when you lose, you won’t go home to kick the cat, and if you deploy a good sports betting strategy, you could find yourself winning more often than you lose at the end of the season.
Let’s move on…