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Sports Betting Money Management In Becoming A Sports Investor

If you don’t take money management seriously, you might not become a successful sports investor.

Good money management prevents extreme losses, minimizes risk of ruin and turns any sports betting hobby into a profitable investment.

The goal is to preserve your capital and hard-earned money.

Flat Betting

Flat betting is the best way to manage money on the way to becoming a sports investor.

It’s betting the same amount for each play that prevents you from blowing out your investment portfolio and helps you ride the ups and downs of sports investing.

Soon, you might hear about different systems in betting where you increase your bet size knowing that you are about to win.

Generally, these systems don’t work and put you in a situation wherein you are recklessly betting a large amount to re-coup losses because of a bad streak.

Unit Size

Knowing if you are an aggressive, conservative or novice sports investor will help determine the size of your typical bet or unit size.

Conservative sports investors or beginners should bet 1%-2% on a play.

Professional sports bettors are normally in the 1% ideal range.

Aggressive sports investors might want to be betting 3% on a play.

Two percent is a good medium because it makes anyone withstand a losing streak.

Why not higher? Streaks ruin. If you bet large amounts, a bad streak could cut your bankroll in half.

Know Your Opening Bets

Calculate the number of bets you want to make and divide it by your weekly wagering budget. This will give you an amount that you can afford to lose.

Staying disciplined this way will result in you not rejecting your analysis and money management strategy because of emotional investing and betting.

A sports betting investor doesn’t need to be a mathematician to properly bankroll and do money management.

It just takes discipline and practice.

Such simple management system gives you an edge in increasing your bankroll in whatever sports you invest in be it MLB betting, NFL betting, soccer betting, etc.

Strategies for Novice Bettors and Pro Wagerists

Use the strategies below for a profitable sports betting. Our experts at Usurebet.com recommend them for novice bettors and pro wagerists.

You can’t win every bet, unless you sign up in Usurebet.com in which case you’ll have access to the highest results of wins in the sports betting industry. Currently, it’s at 56%. Likewise, if you follow Usurebet.com’s betting advice in this blog, you’ll at least be on the coveted betting edge.

THE MONEYLINE

Perfect for first-time bettors, you simply pick a winner. With the ease in finding out teams’ past scores, it’s the easiest way to bet.

A moneyline looks like this:

LSU Tigers (-250) vs Auburn Tigers (+210)

The favored one, LSU, is identified by the negative sign (-). The underdog, Auburn, is identified by the plus sign (+).

Some pro bettors think moneyline is a juvenile bet. It could be but they’re profitable.

THE POINT SPREAD

The point spread, sometimes called the “handicap,” is a bet based on a team’s win falling within a margin set by oddsmakers.

In certain cases—such as in college basketball and college football—there is a huge discrepancy in talent between teams. Betting using moneyline isn’t too exciting. That’s when the point spread comes in.

A point spread bet for the NFL looks like this:

Kansas City Chiefs -4.5 (-110) vs Denver Broncos +4.5 (-110)

The Chiefs are the 4.5-point favorite and would need to win the game by five or more points. The Broncos are the 4.5-point underdog and would need to win or not lose by more than four points.

If the Chiefs prevail 20-17, they did not cover the 4.5 points. However, the Broncos did cover the margin since they stayed within 4.5 points. If you had taken the Chiefs, you would’ve lost your bet. On the other hand, if you had picked the Broncos, then you would’ve won.

THE RUNLINE

A runline bet comes with a 1.5-point spread. The favorite needs to win by two or more runs and the underdog has to lose by 1 run or win the game.

Let’s use the example of a baseball game between the Chicago White Sox and the Boston Red Sox. Different colored socks aside, Boston is the favorite at -1.5, while Chicago is the underdog at +1.5. In this instance, the Red Sox would have to win by two runs or more. The White Sox would have to win or not lose by more than one run. If the Red Sox win 3-2, they did not cover the spread.

One of the best strategies when betting the MLB Runline is to stay away from the 1.5 runs on the favored team. Taking the 1.5 runs on the underdog team is more like it.

FADING THE PUBLIC

Bettors choose sides for different reasons but trends show the public bet almost always represents the favored team or the team with the “home-field” advantage.

Fading the public involves betting on games where one team is going to be heavily bet on by the public and then you as a bettor bets on the opposite team. Let's say the Dallas Cowboys are taking on the Detroit Lions. The Cowboys are supposedly "America's Team" and are going to be heavily bet on.

Instead of following the herd of sheep, steer clear of the Cowboys and take the Lions’ side.

This strategy does not guarantee a win, but it’s better to be on the houses' side because the house "always wins" over the long term.

Profitable sports bettors like fade the public because it’s logical. How could anyone seasoned in sports betting make money if the public won more than they lost?

Fading the public is used primarily for spread and totals betting in basketball and football.

HANDICAPPING PERSONNEL MOVES

This betting strategy covers off season, preseason and in-season events.

Did a team lose a star player to another team? Did a team hire a good or a bad head coach? Was there a key injury that could impact a team’s future or can they overcome their losses? Is there a quarterback battle in training camp or pitchers who are killing it in training that could make the team stronger or weaker than a year ago?

Considering these things are important especially if you bet using handicapping personnel moves.

SPECIALIZING IN ONE SPORT

You won’t spread yourself too thin if you do this. It’ll give you a betting edge instead.

Great bettors focus on one or two sports and do the bulk of their winning there. To take it a step further, some bettors will be experts on the smaller conferences within the college basketball landscape, for example, and just hit winner after winner. The reason is the college basketball landscape is huge. With hundreds of teams and a sport that plays on a nightly basis during the season, there’s not enough time to wisely bet on every single team/game. Instead, narrowing the focus to one conference with 10-12 teams lets profitable sports bettors use their time studying specific teams and knowing what makes each tick.

Winning a bet in the Sun Belt may not be as glamorous as winning a bet between two Top-10 teams, but you're still going to get paid. Specializing in one sport is profitable over the long run, but it doesn't mean you have to stop betting on other sports/conferences completely.

While sports betting is a lot of fun, we at Usurebet.com believe a profitable financial return should be the priority when participating in this popular pastime.

Come and bet with us! Sign up in Usurebet.com

Keeping Track of Researching for Sports Betting

How do winning sports bettors know that enough is enough in drawing the line when it comes to tracking just one more statistic?

For example, during baseball season, you’re much better off tracking advanced statistics and information on starting pitchers than defensive ratings of left fielders. In a perfect world you would know about both, but when you only have time to concentrate on some things (which is the reality even with 80 hours a week for research), you have to pick researching the most obvious ones.

So, how do you go about researching for sports betting?

* Read the Big News.

The obvious starting point for updates: sites like ESPN, FOX Sports and Sports Illustrated. Get all the latest with regards to injuries, general trends, analysis and much more.

Take into account the stats these sites offer. It’s the basic stuff, but it’s important. For example: is a team on a winning streak now? How do they perform at home compared to on the road? How does a team perform against its division mates versus teams outside, etc.

* Incorporate Analytical Stats.

Someone who buys into advanced metrics would tell you that a win-loss record in hockey might not be as important as puck possession. Or in baseball, they’ll tell you that WAR – wins above replacement – is among the most important stats to evaluate a player on, and not whether he was selected to the All-Star team or not. In basketball, now you can track how well a player is at the rim versus on the perimeter. In hockey, you can see how a player does in his own zone compared to elsewhere, or in basketball, you can see how effective a team is in points-per-possession.

It’s a lot to digest but these types of advanced stats give you additional information to handicap a game. You might decide to scrap it and still go with your instinct, but more often than not, taking into account certain advanced stats help you be a better handicapper. To make it easier, let Usurebet.com do the work for you. They have more than 56% chance, higher than the sports betting industry’s standard, of giving you winning bets.

* Look Also at Some Betting Stats.

You’ve looked at traditional stats and advanced stats. Now, go to betting stats. Remember, the name of the game isn’t to win a World Series; it’s to win bets. You’ll want to tap into some sports betting stats and trends to see how a team performs.

For example: the Golden State Warriors won 73 games last season but being so dominant, they faced tons of big spreads. How did they fare as a favorite of 9.5-12 points? They went 34-7 on the road, but how many of those games did they cover the spread? What about when they faced strong defensive teams?

Check out certain stats at SBR or check out StatFox to get a lot of these questions answered. Wherever you end up looking, make sure you check out the betting stats for the game before you lay down your bets.

* Chat

Talk about the game with someone else. Whether it’s a friend that also bets or members of a forum, it’s very useful to go over what you see in the lines, where you see the edge and how you’ve come to that conclusion. It’s possible you missed something or someone you respect simply sees the game differently.

Should You Make a Living Out of Sports Betting?

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It’s right to assume that a good amount of people who bet on sports do because they want to win money. However, it’s also reasonable to assume that at some point, many bettors thought about making a living through sports betting.

Here are the pros of choosing to become a professional sports bettor. There are plenty of them but we'll focus on the ones that are most appealing.

* Your Own Hours

Choosing how many hours you work and when you work are definite pros.

This freedom gets you to balance work and personal life.

You might work for only part of the year, depending on when you make money, and enjoy a time off wherein you’ll be researching to get better in sports betting.

There are times when you need to be online and be placing your wagers while matches are happening. When betting in advance, you can place your wagers within a more flexible timeline.

This doesn't mean you can get away with not working a lot. Most professional sports gamblers work long and hard to get the results they want.

* No Boss

Not having a boss to answer to is the dream of almost anyone.

* Work From Anywhere

Providing there’s internet access, you can do your research and place your wagers no matter where you are.

* Huge Earning

This is the most appealing. Make the kind of money that most people only dream of. Make a huge income and grow it exponentially. You’ll never have that at a normal 9-5 day job, even with pay raises.

However, you shouldn't view sports betting as a "get rich quick scheme," but it's possible to make a decent income from it while you’re learning to hit it big. Good to know that these days, there’s Usurebet.com that make sure its subscribers have higher chances of winning with their sports bets.

* A Lot of Fun

This won't always be the case because there’ll be times when things wouldn’t be going great but when they do, it’s fun like nothing else.

Earning a decent income, working at your convenience, and watching plenty of sports, what more can you ask for? Check out Usurebet.com and have a taste of how it feels like to make a living out of sports betting.

The reason betting sites like Usurebet.com offer different sports to bet on is it’s good to have plenty of choices. Even most bettors agree that betting on several sports and not just on one or two is the right thing to do.

Though there are many hard and fast rules one should stick to when it comes to sports betting, specializing in a single sport isn’t one of them. It does offer some advantages, but it's not necessarily the only right way to go. We’re not recommending betting on a ton of different sports either.

Choosing how many sports to bet on is a decision arrived at with these things considered.

Reason for Betting

If you bet for enjoyment, bet on lots of sports. If you really enjoy betting on one or two sports only, then should stick to those.

However, if you want to make money, think about what's most profitable. It's likely you’ll see better results if you dedicate all your efforts to a single sport, but even that isn’t exactly true. There are plenty of bettors who have success from wagering on a range of sports, and there's no reason you can't too.

Sports Knowledge

If you're a fan of different sports that you follow all of them, you may well make money from betting on all of them. On the other hand, if you're only really knowledgeable about a single sport, it doesn't make sense to bet on anything other than that sport. You don't have to be an expert, but the more you know, the better.

Available Time

Very few successful bettors make money just by trusting their instincts; they generally put a lot of time and effort into doing research for the best betting opportunities.

You don't need hours thinking over every selection, but you don't want to be rushing either. If you don't have time to dedicate to your betting, don’t bet on a lot of different sports. Just trust the experts at Usurebet.com to make profitable betting picks for you.

Dealing With Bad Runs in Betting

Anyone who does sports betting on their own is bound to experience a bad run from time to time. Some more so than others. Even the best bettors experience them. What sets them apart is they know how to deal with it.

There’s no one way of dealing with losing streaks. However, I’ll give you mine.

* Accepting that Losing Streaks will Happen. No way they wouldn’t. The only way of dealing with them is not to trick yourself thinking you can avoid them.

* Defining a Bad Run. This varies from one bettor to another. What could be unacceptable losses for one bettor may be just standard variance for another.

Betting on outsiders at high odds, for example, shouldn’t make you worry if you lose five or six wages in a row. However, if you bet on really short-priced favorites, however, then only a few losses in a row is already a bad run.

General rule of thumb is, if losing is starting to have a noticeable impact on your bankroll, it’s time to do some rethinking.

* Keeping Betting Records. This will help with many aspects of sports betting especially when losing streaks start happening.

What to do when you start encountering a bad streak? Do some analysis of your past bets. You can’t do this if you don’t have records.

Remember though that during this analysis, never assume you’re doing something wrong. It could be you’re having a spell of bad luck. However, don’t just blame bad luck because you could be carrying out a strategy that doesn’t work or are plainly making bad decisions.

* Considering Even Insignificant Factors. It could be that the teams you bet on aren’t as motivated as expected. Even personal state of mind of team members impacts results of sports betting.

Why Many Sports Bettors Lose

Many bettors lose money not because of any other external reasons but because of reasons within their control.

* Money Management. The only thing sure in sports betting is results will not always be what you expect. However, many profitable sports bettors know that this isn’t a big problem as long as you manage your money properly.

If you don’t manage your money, you’ll chase losses, place many crazy bets for a win, give all the profits back. You’ll risk too much on something then lose it.

Have money just for betting and have rules about how this gets used. A relaxed way of betting is not a big issue for those who bet for fun as long as they use the money they can afford to lose. But if you are serious about making a profit, you have to have rules on how much to stake.

* Wrong Wagers for the Wrong Reasons. Wagering based on emotion is betting on something you want to happen rather than what you genuinely believe will happen.

Likewise, making a selection because solely of the odds available is also wrong. There’s nothing wrong with backing outsiders, but there has to be some solid justification other than how much you might win.

Look at a number of factors and make a betting selection that you have a good feel of having a good chance of winning.

* Always Betting. Successful betting is not about picking as many winners as possible. Some of the most profitable sports bettors can go for long periods without betting until the right opportunities present themselves.

In this regard, it’s also good to limit the number of sports you bet on. To make consistent money, you should be spending a fair amount of research and analysis and you can’t do these if you’re betting on loads of different sports.

Let the correct betting site, Usurebet.com, make you win from your bets. You’ll have no problem in money management, you’ll bet for all the right reasons and each bet will count. They’ll help you make choices.

Should You Pay for Sports Picks?

Sports picks are tempting. Why not? You have an “expert” saying you’ll win. However, as with anything that sounds amazingly and effectively simple, it really isn’t.

Because of the number of people and services giving sports betting picks is huge, it’s not easy choosing the ones that will pan out.

Betting enthusiasts are the ones in Twitter and Facebook who give insight and information. They usually don’t charge for their picks and some of their views are helpful. However, don’t expect to make huge profits from them.

Making money by one’s self from sports betting isn’t easy. Anyone can bet but not everyone makes money. One needs to put in the time and effort to find out the possible betting opportunities and assess their value.

It is these requirements among many that make paying a picks service very advisable.

A picks service is a professional handicapping company giving sports bettors predictions. Most of them run on a subscription model. You can subscribe to predictions for a day, a week, a year or for a season. Handicapping and betting tips are offered on every major sport like the NBA, NFL, NHL, MLB, soccer, college football and basketball.

If you get hold of a reliable sports betting picks service like Usurebet that surpasses the industry standards of more than 56% wins, you’ll make money without any effort.

There are also a lot of paid picks services that do sports betting picks and are run by people who supposedly know what they’re talking about. A lot of them are not worthy paying for.

Picks and information from trusted and successful professionals who studied all the lines, trends, odds etc. are the only ones that would give a sure-high probability of making knowledgeable predictions come true. Coupled with Usurebet’s algorithm in predicting wins, you’re guaranteed your bets’ massive returns. All sports betting pics by the site are done based on facts, not gut feelings or popularity of the playing teams.

Finally, a Good Word on Hunches When Betting in Sports

If you want to make money from sports betting, you have to know it’s not going to be easy unless you turn to the pros like Usurebet.com to do it for you. They can bet for you or you can do it yourself. If you choose to do it yourself, you need a profitable win rate to even continue on your own. To do this, you need a vast sports knowledge, ability to analyze data and follow a staking plan.

Surprisingly, you can also do what majority of sports bettors do when they don’t want to spend time researching and planning their bets, follow their hunches or go by their instinct.

Instinct is quite powerful. Anyone who had done sports betting for a length of time will tell you of occasions when they won by just following a hunch. Even the best sports bettors will sometimes ignore what their data is saying and just follow their instinct.

This is why we should never state vehemently that following hunches is a bad idea. Many people won money by just doing that

The problem is, it’s natural to remember the times when your hunch played out right than wrong. You’ll also remember more the times when you had a hunch, didn’t follow it and you were wronged by not doing so. These two are why many people blindly follow their hunches. They’re also the reasons many do not make a profit.

Always remember that there are things you have to do if you want to be a profitable bettor. Hard data, analysis, sports knowledge and awareness of all the different factors that can affect the possible outcome of sports events are all needed.

Logic however also dictates that your hunch should play a little to almost no part in your decision. It isn’t unreasonable at all to consider what your instinct is telling you.

Popular Sports Betting Myths to Avoid

Sports betting was getting done as early as the Roman Empire when spectators were betting on gladiators. Because there’s more than 2,000 years into this type of betting, it’s no surprise that myths abound.

Here are the most popular sports betting myths today applicable to any sports. It’s time to stop believing them.

1. Listen to media pundits.

You have to realize that these so-called experts’ prime objective is to drive interest to the game and probably to the network they’re working for than make sound predictions. That’s the reason they’re so convincing that watching them is an entertainment in itself.

2. Public is always wrong.

Each time a game gets called a “public” bet, people will say the opposite side is the sharp side. The public bet may always be the favorite but favorites don’t win any more often than the underdogs. There’s just no evidence. Even if you win a few games using this myth, it’ll not keep up forever.

3. Games are fixed.

We know that there were games that got fixed in the past. I can’t speak for the future though. What am trying to dispel here is that there are a lot of fixed games.

Fixed games’ prevalence is not true. There’s only few players who can do this and no professional point guards in basketball, pitchers in baseball and quarterbacks in football would take this risk readily. College players also have good reasons of not even daring: fear of losing a scholarship and risking playing at the next level.

4. Going with your gut is foolproof.

This is a popular myth because betting by instinct alone is easy. You also might win every now and then. However, you’ll lose every now and then too. Sadly, in the long run, you’ll have more losses than wins. The best bettors take time to research data that could affect any team’s potential to win or lose. The even smarter ones use great betting sites like Usurebet that analyzes games successfully that you have more than the accepted sports betting industry’s standard of 56% chance of winning. It’s an easy way to turn bets into profits.

5. It’s all up to the players.

Haralabos “Bob” Voulgaris is an NBA betting guru. He revealed in an ESPN interview that when betting, he focuses on the coaches.

Great example of why is during the 2016 NFL Playoffs of the Kansas City Chiefs against the New England Patriots. The score was 27-13 with 6:29 left in the fourth quarter when coach Andy Reid of the Chiefs watched his offense take the field. Unlike the other coaches who would’ve done a no-huddle offense or a hurry-up approach, Reid let his team huddle up before every play on their final drive.

That drive produced a touchdown that narrowed the margin but this approach means more than five minutes got drained off the clock. The Chiefs lost.

This is just an extreme example of how coaching impacts a game. Don’t just look at the players. Get to know their coaches.

6 Ways on How to Become Successful in Sports Betting

Want to make good in sports betting that you can live off of it?

Here are the ways:

* Set Aside a Bankroll. A bankroll is the amount of money you can afford to lose for the week, month or season.

The general sports betting strategy is to only make bets within 1%-5% of your bankroll. Thus, if your bankroll for the NFL season is $1,000 for example, your bets should be $10-$50 on every NFL game you want to bet on.

* Never Chase Loses with Bigger Bets by Increasing Your Bets. This leads to losing even more money. Look at slowly increasing your bets over the length of the season instead.

* Bet Sober. Ever wondered why many Las Vegas casinos offer free alcoholic drinks? Alcohol impairs judgement. This gets in the way of becoming a successful sports bettor.

* Don’t Go on Tilt. This is betting when emotions take over, which never leads to good decisions. Angry or upset? Don’t place any more bets. Clear your mind first by taking a break or having a walk.

* Do Your Homework. Research and study each pick. Look at stats, trends and analyze past games to put justice and value in your pick before placing your wager.

* Get a Betting Company with a Good Win Rate. Leave it to the experts and leave it to Usurebet. Usurebet.com has more than a 56% win rate. In the sports betting world, this is more than the industry’s standard.

Managing Sports Betting Money

A successful sports betting strategy is as good as managing your bankroll.

Making profit in the long haul from sports betting means you need to treat it like any business. Thus, never use your rent money to bet. You shouldn’t use your gambling bankroll to pay the rent either.

In sports betting, your inventory is the cash you have on hand. The moment you run out of this, you’re out of business.

So, how do you do sports betting money management?

1. Know the Size of Your Bankroll

The amount in your sportsbook should be based on your financial comfort level: Never bet an amount you can’t afford to lose. This means also picking a figure that reflects the amount of time you’re willing to invest, like 3-4 times a year on sporting events.

Stick to numbers you’re comfortable with. If you’re continuously depositing and withdrawing, you’ll lose track of the bigger picture.

2. Choose a Unit Size

A unit size is the percentage of your bankroll you’ll wager on a sports event. Beginner bettors should stay somewhere between 1-5% of their bankroll for consistency.

To clarify if where in the 1-5% you fall: If you have moderate-to-large bankroll like $200 or more, bet 2-3% of your payroll per bet. For bankrolls smaller than $200, wager between 5-8% for traction.

However, this isn’t a rule carved in stone. Many sportsbooks let you place minimum bets of $1-2. Ergo, it’s possible to stay within the 2-4% range with deposits as low as $50 or $100.

Conservative sports bettors: 1-2% of their bankroll
Confident and Aggressive Bettors: 3% of their bankroll
Extra Confident Bettors: 4-5% of their bankroll

We recommend staying in the middle ground of 1-3%.

3. Reevaluate Your Bankroll

Sports betting, like the sports you enjoy, is dynamic. It’s worthy recalculating your unit size throughout your betting.

Lessen your unit size if you’re on a losing streak than have your bankroll quickly disappear. When in a rut, sit back, refocus and reevaluate.

Professional sports bettors are aware that losing is part of the thrill and they’re prepared for this 40% of the time.

When on a hot streak, don’t bet more than 5% on any one event.

The only way to really enjoy sports betting is when you’re making money. These tips would guarantee that you keep on doing so 90% of the time. Use Usurebet.com to make sure you’re always a winner in your sports bets.

Many memorable sports events got made by the smallest details. If Johnny Wilkinson missed his last-minute drop goal against Australia in the finals of the 2003 Rugby World Cup, England may not have been the first northern hemisphere team to become champions.

Likewise, the Super Bowl XLII in 2008 had David Tyree making his helmet catch during the dying moments of the game. This made the Giants own one of the biggest Super Bowl upsets by winning 17-14.

I could go on with more memorable sports events but the main point is the smallest details that made them memorable also apply to sports betting.

For many, it’s easy to decide where to place a bet. But if you’ve seen more than enough, you will think twice on betting on the obvious.

We could all just say these memorable sports events are rare and the effect of the smallest detail when considered in betting wouldn’t make a difference most of the time. That’s a valid argument but not a solid one because it will not make you any money either. If the outcome is obvious to you, so is it with bookmakers. They’ll set the odds and lines accordingly to make sure there’s little or no value in betting on the obvious.

Availing of Usurebet’s well-honed algorithm in sports betting allow subscribers to identify spots bookmakers may have missed with regards to the odds and lines they set. You can be sure your bets would have a good return.

Manually identifying these ‘spots’ ain’t easy. You have to spend a good portion of time and effort into research and analysis because the more information you have, the better. You should also be willing to look at both the transparent factors and the smaller details and interpret a couple of insignificant factors properly.

So, why defeat the whole purpose of enjoying watching sports with these trivialities? Avail of Usurebet to make your favorite sports entertainment a profitable one.