Written by Wett Profi | 02 February 2009

Money Management

Proper management of your money is necessary in the world of sports betting;
if you do not manage your money properly you will quickly find yourself in debt.
The best way to avoid this is to set a maximum and minimum limit for how much you
will bet. It is recommended that you divide the amount of work you do in units of
1-10 where, for example, 1 may represent $10 and 10 may represent $100. It is best
to bet between %2 and 5% of your money you use for sports betting depending on how
risky the bet is. If the bet is very high risk then betting %2 to %3 of your assets
may be a good idea, on the other hand however, if it’s a very low risk bet, it might
be a good idea to place between %3 and %5 of your assets on the bet.

Example: you currently have $2000 of sports betting assets and you have decided that
your maximum bet allowance is %2.5. If you lose your bet, you’re only down to $1950
but, on the other hand, if you win your bet you will be up to $2050 and be able to
place a $51.50 bet next time –and if you lose, you’re only $1.50 in the hole, but if you
win you gain another $51.50 taking you up to $2101.50 and allow you to once again place a
bet of $52.53 – and even if you lose the bet you still have roughly $50 more than what
you started with! This is by far one of the safest sports betting method.