How many times have you lost your money to a sportsbook because you bet in the way that you are not supposed to do. Bettors, who always beat the house, have their own system to follow. Let me share some of the tips that I implement during my sports betting journey.

The first as well as the most important tip is the money management, I bet you are nodding your head agreeing to the money management part because you often read about this when you were looking for sports betting tips on the net. The golden rule of sports betting, as it as well applies in general gambling, is to never bet more than you can afford to lose. How important is money management?

It is significant, with money management you know how much you will bet before you decide which team to pick. Bettors without money management decide how much they will bet when they pick their team, which means you are a rational bettor and they are in the other hand emotional bettor in the way of how much money they bet.

A simple thing to money management is to have your certain bankroll; the key here is that you must decide in advance what portion of your bankroll you can afford to lose. When you do manage your money you are as well managing your risk while betting.

Beginners are advised to do flat betting, which is of course in the frame of your system you have made in your money management. Doing flat betting will not be profitable if you do it in the wrong way. Let say you want to play three games, on the first game you bet £200 to win £150. On the second and third game, however, you bet £100 to win £75. You lost the first game and won the second and the third game.

You bet £400 in total, you won £150 and lost £200, which means you lost £50 overall. You could have won if you bet the same amount of money on every game.

This is one of the money management examples for you to consider. Never forget the golden rule: never bet more than you can afford to lose. Stay tuned to the next part of 7 Sports Betting Tips to increase your winning rate.

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