Budget

Starting a budget is key to your success at sports betting. You must remember it is a bet, and with the proper information it is an investment. Now we don't mean an investment per say that you own something, but you are putting your money forth in a wager that you feel you have the advantage. Ultimately the sportsbooks always have an advantage because they charge you to make your bet. So no matter what they make 10% (typically), so you will have to win 55% of the time at least to make up for that vig. So you need to establish two forms of budget...

1) Your overall budget

2) Your daily/weekly budget

Your overall budget should be a sum of money you don't mind parting with. Is that because we anticipate you losing that money? No, not at all, but this is not an exact science. It is a speculative one, and anything can happen statistically good or bad over the short run. You have to start with money that you are not desperate to use to live. You cannot go into retirement, or rent/mortgage, or food funds to put towards your betting system (which we talk about later). We are anticipating a positive rate of return and have earned it in the past but we are not fortune tellers, and who knows what the future holds. So it would be irresponsible for anyone to tell you they guarantee any outcome. Our previous performance is by no means an indicator of future results, so just start with the a budget you can live with during the fluctuations.

Second is your daily or weekly budget, it is important to have one. This prevents you from going too crazy during any specific game or day and betting too much. You weekly budget should not exceed 10% of your total budget, and your daily should not exceed 2% of your budget.

For example lets say your total budget/bankroll is 1000 then you shouldnt bet more than $20 a day. You might be thinking, $20 are you nuts? That is nothing. That is true, but if you start betting $100 a day how can you outlast a 10 day losing streak to get to the 20 day winning streak right behind it. To be honest $1000 total bankroll is nothing, and $20 a day is really all that warrants. Keep in mind as you start winning and as your bankroll goes up so does your daily budget. Lets say you get to $2000 by the end of your third month then you now are at $40 a day. Following the same results you will be at $4000 by the next three months and you are on your way. We want to see you win, it takes discipline and organization to do it for the long run. If you do the math by the end of the first year at the same pace you will have a bankroll of $16000, by the end of the second year a bankroll of $256,000. That is exponential growth at its finest, but it takes a lot of discipline to get there, and most people don't have that much. Either way that is our guideline and what we recommend you start with in your venture to build a nice income from the information we will provide you.