Saturday, April 11, 2015
A Disciplined Approach
The next thing you'll need to be a successful sports bettor is a disciplined approach. What I mean by this is that you need to be conservative when betting and only bet a small percentage of your bankroll on each pick. This is usually between 2-5% of your bank roll so if you have a starting bankroll of $1000 then you don't want to bet more than $50 on each pick. The reason for this is that if you bet too much and go on a losing streak then that $1000 will be gone quite quickly.
The other thing that can deplete your bankroll quickly is chasing. This is a term sports bettors use that means after your first loss you double your next pick and so on until you win. It is very dangerous and can kill your bankroll very quickly. I have personally tried this approach and can tell you that one bad streak can deplete your entire bankroll.
So the best way to earn money doing this is to have a disciplined approach betting no more than %5 at a time and to gradually build your bankroll and slowly increase your bet size. I recently saw a video that had an example of this and compound interest. A person starting at $1000 with a win rate of 57% (a reasonable win rate for experienced bettors) can make 20k in one year and then skyrocketing to a healthy 370k in just two years! This is with a very disciplined approach of betting and can be obtained if you follow every step in this blog.
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