I’ve been into sports betting and online trading for quite a while now, probably from the beginning of my betting career. I was interested in how trading works so I did some research and discovered sports trading. I’m into trading and have several systems to choose from, all of which I’ve thoroughly read and believe to be successful. I don’t claim to be an expert, and never claim to be an expert, but I do love to watch the games I trade and sometimes I do lose. I also love to trade and usually lose too, but I love to trade.
After I started to watch some trading sessions, I realized that not all trading sessions were winning ones and I started to take notice of some other common mistakes I was making. Also, I realized that trading can be a lot of fun, so I decided to write this sports betting and trading guide with some of the rules I follow, and my own advice to those beginners.
The rules I follow do not make you a winning bettor. They are just a set of principles that define a winning approach to trading – and a starting bankroll. You can (and should) trade with as much or as little of your starting bankroll as you like.
Bankroll management is extremely important to the success of trading and unlike sports betting, you will lose your bankroll over the course of a day, not an event. Ideally, you should only risk 5% of your starting bankroll on a particular trade and on any system you invest in. The amount you need to stake will be determined by the risk profile of the trades you are interested in, and the size of your starting bankroll.
Here is what I mean:
Rule 1: You are only risking 2% of your starting bankroll on a dewalive at most. If you risk more, like 3%, you may win some of the time, but you will definitely lose some of the time. trading is the art of making small profits steadily from large losses. This takes patience, discipline and risk management.
Rule 2: Any system you use, you will have losing periods. The sooner you can recognize that the market has different degrees of support and each time you place a bet the bigger your chances of winning big. Slotting bets is an example of this risk management.
Rule 3: The bigger your bankroll, the more risk you can afford, and the less risk you can handle emotionally. Remember, money is both the start and the finish of trading and risk management.
Winning by surprise?
When you surprise yourself with a win, it can be thrilling. But be careful with this. You might think you have it all figured out and you’re itching to place a bet, only to realize that you picked the wrong team. I know I’ve done this many a time.
Even when you find the right team, you may still lose by a touchdown or two. If you consider these two games apart from the rest of the season, you will go a long way in placing successful bets. Keeping your ego in check and doing the math will make a huge difference in your betting and results.
Try not to be to hard on yourself either. I know this can be really hard to do especially as the season is just getting underway. There will be a long season ahead, but don’t you dare throw your money away. Save your bankroll for the picks and your cash.
As the season winds down, its important to stay positive. If you are a now a part of the team already, stick to your biased picks as long as they are making you money. Say NEVER to the LAZY picks!!!