Sports – How to Avoid Big Losses

Big losses in sports betting can be devastating to both professional and amateur gamblers.

What’s the good news? Xgtiger Casino will explain about this.

Bankroll Management

Understanding your bankroll and how it directly affects how much you can bet on sporting events is the number one way to avoid big sports betting losses.

If you can’t make a big sports bet you will never face a big loss in sports betting.

You can still face a series of losses that can start to add up quickly.

But even that can be avoided if you don’t over bet your bankroll.

You can determine the exact percentage of your bankroll you should bet on any game–if you can realistically predict your edge. But it is often impossible to accurately predict your edge. Calculations can also be advanced.

So instead of trying to explain exactly how to do that, I’ll offer some general guidelines for your sports betting bankroll:

When you first start betting on games, don’t put more than 1% of your bankroll on any game.

Is it conservative?

It should be, because it is.

But when you’re just starting out, you don’t know if you can win on a consistent basis. So a conservative approach gives you a cushion while you study.

Most casual bettors look at their bankroll differently than a professional sports bettor. If you are a professional, you need to have a separate bankroll.

And you need to protect that bankroll at all costs.
An occasional bet may not have a fixed bankroll. They probably just take money from their job or other means of income whenever they want to bet.

The beginner needs to consider the size of their bets based on the assumption that they will lose every time a bet is made.

If the bettor can survive losing every bet, they are likely to bet in a safe range. If losing–or the thought of losing–any bet is cause for concern, he shouldn’t bet so much.

Once you get more comfortable and start winning consistently, move up to betting 2% of your bankroll per game.

A 2% limit per game bet is a good long-term goal for maximum protection of your bankroll. Realize on a busy football weekend with a full slate of NFL and NCAA games that you can easily bet on 10 games, putting a full 20% of your bankroll into play.

If you move up to 5% per game row, you can put half of your bankroll into play. Try to avoid it if possible. If one bad weekend can wipe out half of your bankroll, you’re either underfunded or overbet.

Stick to a long-term goal of building your bankroll large enough that you can place any bet you need to while only exposing 2% or less of your bankroll to any single bet.

Putting just 1 or 2% of your total bankroll into any game can also offer a huge psychological advantage. The losses don’t look bad. Occasional defeat does not create problems.

Not all sports bettors need the psychological help offered by low bets compared to their total bankroll.
But I’m looking for every edge I can possibly find.

Diversification

Professional investors are looking for ways to diversify their portfolios.

Professional sports bettors are looking for ways to diversify their sports betting investments.

By limiting your bets to 1 or 2% of your total bankroll, you have taken the first step in diversifying your sports betting.

Another diversification strategy is to offset high risk high reward bets with low risk low reward options.

Here is an example:

If you bet money lines on some big underdogs hoping to get a big score you might find some big favorites to bet the money line too.

You can also look for opportunities that sometimes show moving lines to bet on both sides of the same game. If you bet on a game and the line moves more than one point in the right direction, you can bet on the other side and have a chance to win both sides of the game–if the final score is between the old and new lines.

Don’t Chase

Sports bets can fall into the same trap that poker players and other gamblers often fall into. If things are not going their way, players can start betting more.

Why is it dangerous?

Because you start betting without being sure that you only have an edge. You start ignoring your bankroll limits.

It often starts when you think something along the following lines.
“I had bad luck that I should have won.”

Players follow this with bets two or three times larger than their last, hoping to recover all their losses in one game. Then they lose the next game and end up with their entire bankroll chasing a lucky break.

Even worse, occasionally they get a lucky pick and win a big purse. It just makes them think that their new “system” is working, so they will do it again the next time they have a few losing streaks.

No matter what happened in the past, stay calm and focused and continue making good decisions. This is the only way to profit in the long run and avoid huge losses.

Don’t Bet

The only 100% sure way to avoid a big loss in sports betting is to not place a bet. You will find many situations where things are in your favor and games where you should win most of the time.

But no game or bet offers a 100% sure thing.

If you ever find yourself saying “it’s a sure thing” or someone saying it to you, immediately step back and think about what you’re saying or hearing.

No matter how “sure” you or anyone else is, there is nothing certain about gambling except not betting.

If you must bet, I’ve covered ways to avoid big losses.

Summary

Avoiding big losses in sports betting is important to both novice and professional gamblers. Make sure you understand your bankroll limits, diversify your betting portfolio, and only place bets when you have an advantage.

You should avoid both big losses and long losses.

Conclusion

Are you an avid gaming fan and want to know how to bet on online casino games? At Xgtiger, you’ll get the latest information on this year’s best casino games and a variety of gaming options, all in one place.

To start your online gambling journey, all you need to do is create an account on the site, deposit funds and you’ll be ready to bet on the best and most anticipated casino games.

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