Atlantic City Sports Betting
ACSportsbooks.com Keeping a Record
SPORTS BETTING 101
Reading the Spread
Money Line Bets
Over/Under Bets
Proposition Bets
Future Bets
Parlay Bets
Teaser Bets
If Bets
Reverse Bets
Round Robin Bets
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SPORTS BETTING 102
How Bookies Profit
Creating the Spread
Line Movement
Parlay Odds
Teasers Odds
Sports Betting Terms
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SPORTS BETTING 201
How to Profit
Money Management
Keeping a Record
Betting Baseball
Handicappers/Touts
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SPORTS BETTING 301
Fantasy Sports
History/Trends
Home Field Advantage
The Super Bowl
March Madness
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Sports Betting 201 - Keeping a Record


Winning sports bettors are winners because they exercise proper money management.

Take a minute to let that sink in.

Money management is the process that a bettor uses to determine the size of a bet (or multiple bets), and it's essential to winning in sports betting. There are many different money management systems, and winning bettors often use different varieties of systems. The key is that they have a system that they stick too. Without a firm system in place, the temptation to chase loses or bet it all on a "sure thing" is so great, that most players will eventually do one of these things and lose their entire bankroll or/and more.

Step 1: Create a bankroll. A bankroll is a set amount of money that a gambler has set aside for wagering. 99.9% of winning sports bettors have a bankroll that is used strictly for sports betting. This roll can be $100 or $1,000,000 and the amount a player wagers is usually determined by the size of their roll.

Step 2: Determine the size of your betting unit. This is needed in developing your money management strategy. A unit can be a fixed amount of money (like $100), but more often it is a set percentage of a bettor's bankroll. By making a unit a percentage of you bankroll, the amount of money you bet will increase when you are winning and decrease when you are losing. It is also much harder to go bust. A standard unit is usually between % to 3% of a bettor's bankroll.

Step 3: Determine your money management strategy. Money management strategies vary and the most important part of a strategy is having one and sticking to it. Bettors may opt to bet a set amount of money (1 unit) on every bet, or they many vary their betting amounts depending on their perceived value of a bet. Varying bet sizes should only be used by experienced handicappers.

Examples of money management strategies:

Every bet is 1% of the bettor's total bankroll.

Every bet is $1,000.

Value is determined for each bet on a 1 to 5 scale. A bettor wagers 1 unit (%) on a bet with a value of 1, 2 units on a bet with a value of 2 5 units on a bet with a value of 5.



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