Tuesday, September 14, 2010

Bankroll Management


In any form of gambling, managing one’s bankroll, the designated money one would like to wager, is just as important as how skilled they are at the game. To be a successful ATS (against the spread) sports bettor, one must choose the correct side at least 55% of the time. This is because the house usually cuts 5% from the winner’s prize. How does this affect the amount one should wager?  The desired chance of winning is at least 55% of the time, which would have the bettor losing 45% of the time. Basic math reveals an effective betting unit.
.55 (55%)  -  .45 (45%)  = .1 (10%)
Voila!  10% of a bettor’s bankroll is the correct amount to bet ATS. Based on this calculation, one picking exactly 55% correctly would break even. A good sports bettor is usually choosing anywhere from 60-75% correct over the long run.
Remember, proper gambling is done looking at the profit in the long run. Don’t look for, or attempt, get-rich- quick homerun wagers and blow your entire bankroll. It takes discipline to manage anything responsibly.

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