Sports Betting Terminology You Need to Know

Wagering money on sports is one of those activities which is becoming increasingly popular in today’s world. It makes up for one of every $5 bet. It is also one of those pass-times that puts the most money in the casino's coffers, when the day or season ends.

Whether you are taking this up as a serious profession or are one to only indulge on occasions, no one likes to lose. The good thing about sports betting is that it puts skill over chance and that is what gives you the opportunity to make most of it. With enough practice, you can become a successful sports bettor, picking up skills like bet sizing, bankroll management and research on every game you play, all this apart from you basic knowledge of the sport.

Out of those mentioned above, we will be discussing bankroll management and bet sizing for your benefit.

Bankroll Management

Possibly the one thing you’ll need to keep in mind at all times is that you are nothing with an up and running bankroll. You’ll need to decide the maximum percentage of your money to curtail risk. The best would be to put five percent at stake, as it will still offer you the opportunity to make a big win. So you bet $75, if the money in your bankroll is $1500.

Sizing of the Bet

On using the help of professional sports handicapping service, you will see that bet-sizing is in terms of units. Let us say, a 2 unit bet on the New York Yankees is recommended by a sports handicapper. The worth of each unit will be decided by you. As mentioned before, $10 per unit is a good recommendation for the $1,500 bankroll which means that 2 unit wager becomes $20.

Various systems of betting have been used in casinos in the last few years. Out of these, one with only three betting levels is not just the most successful, but also one of the most simple. It protects your bankroll as well as gives you the opportunity of making profit, no matter the sport.

Always initiate your bet with 2 units. If you lose the bet, hike your next bet to make it 3 units. The maximum bet you are allowed to put in is $4. Post this, your next bet will go back to 2 units. This way you warned yourself three chances to select a winner and come out in case your bettor pays back more than you bet. A system like this will put a limit your variance as well as permit you to recover your losses steadily.

You can’t just become a winning sports bettor with bet sizing. In general, it will help you to be an informed player who makes intelligent decisions and understands what makes up a bet of positive value. Remember, slow and steady wins the race and that this is not a game to make you rich in one go.