Lessons in money management
I’m not the Warren Buffet of sports betting but I have been known to make a wager or six. People always ask questions about the best practice for handicapping games such as what stats/metrics do professional bettors value or how should someone approach the futures markets. Don’t get me wrong, all of these topics are relevant in helping achieve long term success and stir great debate depending on who you ask but they pale in comparison to mastering money management.
We all know plenty of bettors and financial advisers that find great money making opportunities regularly yet never have their own funds to invest in the “next big thing.” Why is that? Plain and simple they don’t handle their finances well when everything is coming up roses nor do they understand damage control principles to protect their money when the chips are down. Here’s my advice on the topic highlighted by 2 schools of thought for bankroll management every bettor should understand.
