Sports Gambling – How to Know How Much to Bet Per Event

The most common mistake amateur and professional sports gamblers make is betting too much on individual events. A simple hard and fast rule is to never bet more than 2.5% of your sports betting balance on any given sporting event. However, before we get to the details of how much to bet there are a few basic rules that any sports gambler must remember:

Rule 1: NEVER bet more than you can afford to lose. This is the one rule that too many people ignore before it is too late. Ignoring this the rule creates all the horror stories. In sports gambling you must remember that there will be hot streaks and cold streaks and you do not want to subject your rent money or mortgage payment to any risk what-so-ever. If the money you are using to gamble is earmarked for a necessity then you should not be gambling with it. Only gamble with discretionary income.

Rule 2: NEVER bet with your heart. This, again, is one simple rule that many gamblers seem to ignore. If the Dallas Cowboys are your favorite team, you must recognize (despite what you may think) that you WILL be biased in trying to determine the winner of any of their games. The common (mistaken) logic is that because they are your favorite team you know more about that team and therefore, you should be able to make a determination about the winner of their games. Nothing is further from the truth. The problem with this logic is that you listen to biased Sports Radio regarding your team, you read biased Newspaper articles regarding your team and most importantly, you are biased about your team. The best rule to follow is to avoid betting on any game that involves a team that you have ANY allegiance toward.

Rule 3: NEVER bet on a game because it is on Television. It is okay to bet on a game that is on Television, but do not bet on a game SOLELY because it is on television.

Rule 4: ALWAYS bet the same amount on every event that you bet. To state it differently, do not play $250 on Pittsburgh versus Dallas, $150 on New England versus Indianapolis and $500 on Oakland versus Chicago. The only reason Sports Gamblers do this is because they feel more confident about Oakland versus Chicago, less confident about Pittsburgh versus Dallas and slightly confident about New England versus Indianapolis. All too often, the “best” pick of the day, turns out wrong, a back door cover creates a loss or a late interception causes a change in the result of the game. DO NOT FALL FOR THE 5 STAR LOCK OF THE DAY. This is why: Say Steve bets $500 on Oakland +7 versus Chicago; $250 on Pittsburgh +4 versus Dallas and $150 on New England -3 versus Indianapolis. Further say Tom makes the EXACT three same picks, but bets $300 on each game. Both gamblers have bet $900.00. Assume Oakland does not cover but Pittsburgh and New England do cover. Steve won 2 games and lost 1, but has lost $100.00 ($250+$150-$500). Tom on the other hand has won 2 games and lost 1, but has won $300.00 ($300+$300-$300). There is nothing more frustrating than having a winning percentage, but losing money.

Rule 5: NEVER bet more than 2.5% of your bankroll on any single event. If your balance in your sports betting account is $1000.00 then you should bet $25.00 per game. The reason is very simple. If you bet $25.00 per game you would have to lose 40 straight games before your account busted. If you bet $100.00 per game (10% of your balance) you would only have to lose 10 straight before your account busted. In other words, by betting 2.5% of your account balance on any given game, you INSURE yourself that you will be able to withstand even the worst losing streak. Make sure that you follow Rule #4 as well…Do Not bet more money on one game and less on another.

Rule 6: Once you increase the amount you bet per game, DO NOT reduce the amount you bet per game. Further, you should only increase the amount you bet per game once you have increased your bankroll by 25%. Taking our example above further. If the bankroll is $1,000.00 then the bet is $25.00 per game UNTIL the original balance is increased to $1,250.00. At this point, the amount bet per game is increased to $31.25 per game (or 2.5% of $1,250.00). You would continue at this amount until the balance is increased against by 25% (to $1,560). If you would begin to lose and you fall below the last benchmark YOU DO NOT REDUCE the amount bet per game. If you do, you will find yourself in a never ending cycle.

Following these 6 simple and rather basic rules you will find that sports gambling will become less stressful and more fun.

What is a Circled Game Mean in a Sports Betting Event?

Visitors to Las Vegas or online sportsbooks may come across some games on the betting board that will have special rules attached in the betting. Such games will be circled on the betting board. A red box means that the line is “circled” and subject to reduced betting limits.

Often time’s sportsbooks will circle games on the betting board due to injuries to impact players. NFL teams competing on Sunday’s must submit their injury reports on Friday and provide updates on Saturday. In recent years the NFL adopted a rule forcing teams to disclose on Wednesday through Friday who missed practice and who had limited work during practice. The best practice for sports betting professionals would be to browse individual team websites that post the injury and practice information about the health of their players.

The injury reports have been very accurate in recent years because the NFL wants to protect the integrity of the league because inside information on injuries could be exploited. So teams have been very forthcoming about the health of their players. Injuries to impact players like the starting quarterback, running back and impact wide receivers will cause Las Vegas and online sportsbook to circle the game on the sports betting board until their status come game time is determined. Sharp sports bettors follow the best practice of shopping individual sports books to shop for the odds that are best set on the side they want to bet on.

Sometimes Las Vegas or online sportsbooks may miss important injury information on teams and a smart bettor may bet into a good betting number that favors the bettor. Professional gamblers look for knee, foot and ankle injuries to running backs. A running back who is not 100% healthy and playing with ankle, foot or knee injuries will see their average yards per carry often fall well below their average. This puts the offense in second and third and long situations or what is known as obvious passing situations. Defenses who know the pass is coming can adjust into pass coverage creating less space for the wide receivers to run routes making a pass completion by the quarterback much more difficult which raises the possibility of a turnover. With a capable back up running back it is often better for a team to not play a running back that sports ankle, knee or foot injuries. Many professional sports bettors will look to play against a team who is starting an impact running back who is playing with an ankle, foot or knee injury.

If inclement weather is forecasted for the site of an outdoor game a sportsbook will circle the game and bettors will have betting limits reduced on the game up until about an hour until game time. Wind can factor greatly in the passing game and the best practice for professional sports bettors will look to play under in college and pro football if the betting line has not already been bet down. There are times when the professional has the inclement weather information before the Las Vegas or online sportsbook and this is a scenario when they make advantage bets.

Many sports bettors will find NBA games circled on the Las Vegas or online sports betting board. Often times an NBA team will report a mild ailment from a player in their rotation and list them as questionable or doubtful. Smart betting professionals will tune into NBA team’s pregame show 30 minutes prior to the start of the game to get specific injury information about teams impact players on their rotation. In the NBA if an impact player is lost to injury the replacement player will often step up and the team will have point spread success in the first game the team plays without their impact player in the lineup.

A line may be circled when factors other than game play (e.g., injuries or weather conditions) could affect the outcome of the game. As many bookmakers don’t have enough information on the game and can’t accurately balance the action as it comes in, circled lines can’t be added to a parlay. Some online or Las Vegas sportsbooks may have too much action on one side of the game and even with a line move they cant attract action on the other team. Most sportsbook business models are set to attempt to balance trade on all games and protect their bottom line. Most sportsbooks try to attempt to have all of their lines un-circled. The red box may be removed closer to the start of the game.