Glossary | Forums | Articles | Touts & Services | Scams | Betting Online| Links | Contact | About | Advertise
Always Cover is a free online sports betting information resource. Consider making a small contribution if you find the site of use. Information can be found here.
Always Cover Logo

Always Cover Sports Betting Resource -- Sponsored by Full Tilt Poker
play online poker

-ADVERTISEMENT-
 
Welcome to Always Cover, we hope you find the site useful. Check out our sports betting message boards for daily free picks from various sports services and quick answers to your sports betting questions. You can also visit our sports gambling tutorials to get general sports betting and money management tips as well as expert advice from professional handicappers.
Always Cover Sports Betting Information Resource Home > Sports Betting Articles > Money Management
Always Cover Sponsors:
Always Cover Features:

Money Management
Money Management 101
by John Rayzohr

Lots of folks have had lots of things to say on the topic of money management in sports betting. And this article will add to the already considerable fray of what constitutes "Good Money Management." But being an introductory level article, and in trying to give a simple to follow laymans assessment of "Practical Money Management Advice" we're going to take a more pragmatic tact in approaching money management theory.

So, before we begin to look at the topic, I'd like to ask you to take an earnest evaluation of yourself as a sports bettor and ask yourself why you care about money management in the first place.

The reason I ask you to ponder this question, is because the way you approach the topic, and how likely you are to stick with any money management "scheme" is quite often dictated by what type of "gambler" or "bettor" you are.

For instance, a "recreational bettor" who enjoys having $20 a week on Monday Night Football regardless of who's playing, should approach money management significantly differently than a $500 a game bettor who plays 1000 picks a year hoping to average in the 56-60% win range. Obviously, these two are at nearly opposite ends of the spectrum, and the middle ground in between where most of us fall, requires a bit more careful analysis. But once you have decided which end you are closer to, you can likely make the determination of whether you are a serious sports bettor looking to use your money as an investment type vehicle, or whether you are more a recreational gambler.

So with the above mentioned, take a second and decide whether you are the type of bettor who is just looking for a bit of entertainment and to avoid going broke, or if you are the type of sports bettor who prefers to do the requisite work and research and wants to make some sort of living or second income out of beating the books. Neither choice is "better" or more correct than the other, but if you don't know what your goals are at the outset, its nearly impossible to devise a plan that will be functional and help you achieve those goals...

If you have decided you are more a recreational gambler, and would like some solid tips and money management advice to help you preserve your bankroll throughout the season, visit this link: Money Management for Recreational Gamblers

Alternatively, if you'd prefer to look at more advanced theory on the real nuts and bolts behind using sports gaming and money management as a vehicle to provide a second income, check out the following: Sports Betting Money Management Strategies

 

 

 
 

 

AlwaysCover.com proudly recommends the following :

Always Cover Sports Betting Tips:
Always Cover Featured Sponsors:


Advertise | About Always Cover | Contact | Sports Betting Message Boards | Links | Copyright | Privacy | Disclaimer
Copyright 1998-2006 AlwaysCover.com