Tweet
I thought that some would be interested in what AAA Sports recommends for money management. I think it is pretty neat. This is copied from their members page.........
_________________________________
MONEY MANAGEMENT
Money management is just as important as picking winners............In fact, without both you are destined to fail. There are a lot of good handicappers out there. You might even consider yourself to be one. You might fall in the catagory of a number of bettors who can pick games with consistancy but also lose with just as much consistancy......The single biggest reason why sportsbettors fail is because of the lack of proper money management. Just like a good business plan you must have a plan for betting on sporting events.............We would like to share ours with you.
THE PLAN
All plans must start with a Bankroll, defined as the amount of money that you have set aside to risk on sports wagering...........Your bankroll does not have to be the amount of money that you have on hand, just the amount that you can comfortably lose without affecting your life in a great way.......For the sake of this conversation we are going to use $5000...............Next we will select a Unit Wager............This is going to cause some alarm in many of you, but we use 2% of the bankroll as a unit wager....$5000 X .02 = $100...................$100 would be a 1 unit Play...........Wagering on sports is very similar to a stock on Wall Street. Your bankroll is going to go up and down, so we must be able to weather the storms and a 2% wager allows us to do this. The final step is find a safe way to safely increase you wagers as your bankroll increases.
INCREASING WAGERS As your bankroll increases, there is a need to increase the amounts of each unit wager. We use 20% increments or 10 units.....10 X .02 = 20%. Simply put using the $5000 starting figure, one would increase his unit play to $120 after he won 10 units. His bankroll would be $6000. Therefore $6000 X .02 = $120. Your wagers would then stay at $120 until you hit the next level or dipped back down to the $5000 mark. A dip down would result in a $100 bet, and an increase to the next level, ($120 X 10 units = $1200 + 6000 = $7200) would result in a $150 bet,($7200 X .02 = $144 or $150). It is important to note that we always round up to the nearest $10. Your bet size is increasing but your overall risk remains the same.....Let's put this to practice with what we have accomplished this year.
RESULTS BASED ON +130 UNITS
By increasing your bet size at predetermined levels without increasing your risk you can safely build a nice nestegg. Let's take a look at the results of a person who started with $5000, and used this system. They are quite impressive and might shock some of you.
UNITS...............UNIT BET...............BANKROLL
0.........................$100.................... ....$5000
+10.....................$120...................... ..$6000
+20.....................$150...................... ..$7200
+30.....................$180...................... ..$8700
+40.....................$210...................... ..$10500
+50.....................$260...................... ..$12600
+60.....................$310...................... ..$15100
+70.....................$370...................... ..$18200
+80.....................$440...................... ..$21900
+90.....................$530...................... ..$26300
+100...................$640....................... ..$31600
+110...................$720....................... ..$38000
+120...................$900....................... ..$45000
+130...................$1080...................... ..$54000
At +130 for the year you are still betting just 2% of your total bankroll. Your risk is the same as you started. You are simply taking advantage of an increasing bankroll. The key is the predetermined levels of increase.
CONCLUSIONS
We have been using this money management system for just over 5 years and it works. You must be patient in the beginning and you must be ready for some rough rides along the way. Of course at some point you will reach a level on your unit bet that you feel comfortable with and you should stop increasing your wagers and start dragging money from your account. That, of course, is when the fun begins. This only works when you are getting sound advice on your wagers and that is where we hope we come in. We work very hard to give you consistant winners, but whether you are handicapping your own games, or listening to what we play on a daily basis, we sincerely wish you the best of luck. We look forward to your questions and comments.
_________________________________
MONEY MANAGEMENT
Money management is just as important as picking winners............In fact, without both you are destined to fail. There are a lot of good handicappers out there. You might even consider yourself to be one. You might fall in the catagory of a number of bettors who can pick games with consistancy but also lose with just as much consistancy......The single biggest reason why sportsbettors fail is because of the lack of proper money management. Just like a good business plan you must have a plan for betting on sporting events.............We would like to share ours with you.
THE PLAN
All plans must start with a Bankroll, defined as the amount of money that you have set aside to risk on sports wagering...........Your bankroll does not have to be the amount of money that you have on hand, just the amount that you can comfortably lose without affecting your life in a great way.......For the sake of this conversation we are going to use $5000...............Next we will select a Unit Wager............This is going to cause some alarm in many of you, but we use 2% of the bankroll as a unit wager....$5000 X .02 = $100...................$100 would be a 1 unit Play...........Wagering on sports is very similar to a stock on Wall Street. Your bankroll is going to go up and down, so we must be able to weather the storms and a 2% wager allows us to do this. The final step is find a safe way to safely increase you wagers as your bankroll increases.
INCREASING WAGERS As your bankroll increases, there is a need to increase the amounts of each unit wager. We use 20% increments or 10 units.....10 X .02 = 20%. Simply put using the $5000 starting figure, one would increase his unit play to $120 after he won 10 units. His bankroll would be $6000. Therefore $6000 X .02 = $120. Your wagers would then stay at $120 until you hit the next level or dipped back down to the $5000 mark. A dip down would result in a $100 bet, and an increase to the next level, ($120 X 10 units = $1200 + 6000 = $7200) would result in a $150 bet,($7200 X .02 = $144 or $150). It is important to note that we always round up to the nearest $10. Your bet size is increasing but your overall risk remains the same.....Let's put this to practice with what we have accomplished this year.
RESULTS BASED ON +130 UNITS
By increasing your bet size at predetermined levels without increasing your risk you can safely build a nice nestegg. Let's take a look at the results of a person who started with $5000, and used this system. They are quite impressive and might shock some of you.
UNITS...............UNIT BET...............BANKROLL
0.........................$100.................... ....$5000
+10.....................$120...................... ..$6000
+20.....................$150...................... ..$7200
+30.....................$180...................... ..$8700
+40.....................$210...................... ..$10500
+50.....................$260...................... ..$12600
+60.....................$310...................... ..$15100
+70.....................$370...................... ..$18200
+80.....................$440...................... ..$21900
+90.....................$530...................... ..$26300
+100...................$640....................... ..$31600
+110...................$720....................... ..$38000
+120...................$900....................... ..$45000
+130...................$1080...................... ..$54000
At +130 for the year you are still betting just 2% of your total bankroll. Your risk is the same as you started. You are simply taking advantage of an increasing bankroll. The key is the predetermined levels of increase.
CONCLUSIONS
We have been using this money management system for just over 5 years and it works. You must be patient in the beginning and you must be ready for some rough rides along the way. Of course at some point you will reach a level on your unit bet that you feel comfortable with and you should stop increasing your wagers and start dragging money from your account. That, of course, is when the fun begins. This only works when you are getting sound advice on your wagers and that is where we hope we come in. We work very hard to give you consistant winners, but whether you are handicapping your own games, or listening to what we play on a daily basis, we sincerely wish you the best of luck. We look forward to your questions and comments.
Comment