Profitable Sports Betting at Playdoit.com

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Profitable Sports Betting at Playdoit.com

• Sports betting isn't all luck and losing. There
  are many people out there that make a nice income
  from placing wagers on sporting events worldwide.
  Though many people lose a lot of money betting
  online, you don't have to be like them. By
  following a few basic principles you can profit
  by betting responsibly on sports.
•  

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You first want to set yourself a budget for your
sports betting venture. This budget, called your
bankroll, is an amount of money that won't affect
your living status if completely lost - after
all, not everyone can make winning picks. Your
bankroll must be separate from all living
expenses such as mortgage, rent, utilities bills,
etc.
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After you have determined your bankroll, you need
to decide how much you will be wagering on each
bet that you make. The key is to bet the same
amount on each game. The amount that you place on
each game is your betting unit. To determine your
unit, you first must decide how conservative or
aggressive you plan to be. The typical amount of
unit is five percent, but some people make it 2.5
to 10 percent. This all depends on your bankroll
size and your wagering temperament.

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Your unit is the key to minimizing your risk
while attempting to maximize your profits. The
downfall of many sports gamblers is that they are
undisciplined and place wagers of multiple sizes.
This wagering method isn't the best strategy
because you are losing more money when the big
bets lose because of the juice. The smaller bets
might either pay for the juice or only some of
the juice. This is why some people can have a
winning percentage of 57 to 60 percent and still
lose. By placing the same amount on each game you
minimize your losses. Though you might like one
wager a little more than another, you don't want
show that with your money.
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When placing your bets, you only want to place
three to four bets a day, which should be your
strongest plays. Another principle is to never
risk more than half of your bankroll at any one
time. You always want to provide yourself enough
ammo to fight back after a bad day or days of
sports wagering.
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Before you place your wagers, you must handicap
your games. There are handicappers that put 20 to
40 hours a week researching their picks. There
are a multitude of website on the internet to
find the stats and news. Besides, the typical
sports news sites, sports betting forums are a
great resource. These communities allow you to
discuss your thoughts and allow other
handicappers to provide other insight. There
might be a stat or piece of news that you missed
during your handicapping. The key to handicapping
games is to piece all the information you can
find to make an educated decision before placing
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