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Monday, July 19, 2010

Sports Betting Strategies - Basic Principles of Betting

Over the years, countless free sports betting tips have been presented to the public. One can even say that sports betting has invented its own science. This is not surprising since money is of interest. In sports betting, money becomes more than just a commodity but an investment. Thus, there is a need for betting tips to ensure control over betting money.

The most useful free sports betting tips rest on the basic principles of betting: flat betting, unit size and, risk capital and bankroll. The basic idea of flat betting is to place the same amount of betting money on each game or play. Some bettors get encouraged to raise their bets when they win a previous one but this is not recommended. Bettors must keep in mind that the higher the bet, the higher the money at risk.

Unit size, on the other hand defines the kind of bettor and individual is-aggressive or conservative. The first thing for a bettor to do is to identify himself/herself as to what kind of bettor he or she is. A bettor can be an amateur or an experienced one. The safest unit size for any bettor is between 1% to 3% of the bankroll (or the betting budget that does not affect living status). For beginners, the maximum recommended betting unit is 2%. Higher unit sizes can pose great loss for bettors so it is better to stay within this threshold.

Lastly, the risk capital and bankroll principle shows how important it is to identify the safe bankroll for each bettor. Some bettors have bankrolls that are higher than their accounts and this is not recommended. The idea of a bankroll is to ensure that even if the bettor looses, there will still be enough money for him/her to normally live.

Sports betting may seem like an exciting endeavor but it should be taken seriously like any other investment. The main idea of sports betting is to gain profit anyway. This is why it's important to follow the aforementioned free sports betting tips.

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