If
you've come to the conclusion that you prefer to make
some wagers with your heart rather than with your head,
and that sometimes you just have to bet your team, you're
a recreational gambler. Without getting into the long
winded talk about whether betting in such a manner is
a wise way to spend your time or your money, I'll just
provide the simple reminder that if you are betting as
"entertainment" you should only be using money
that your current lifestyle, job, WIFE, budget, etc...
leaves you each month for entertainment.
That
said, I can now give you some simple pointers to help
you avoid blowing all of your bankroll before the season
ends.
First
and foremost, determine your bankroll, or in other words,
what you can afford to LOSE. I use LOSE here because if
you are a recreational gambler, you have to think of this
money as "entertainment" and not be upset if
at the end of the season, the $500 you started with to
wager at $10 a game is all gone. That being said, you
have to take a realistic look at your real life expenses,
and decide what kind of money you can afford to wager.
If
you decide that after all is said and done (and your wife
has taken her cut) you can easily blow $300 a month without
ill effects, then its time to do some simple math. If
you decide that you are an NFL guy, and you want to bet
the Monday Night game every week, as well as two or three
each Sunday, you need to see where that leaves you. Assuming
4 weekends per month, and 4 games per weekend, you are
looking at 16 wagers a month. If you have $300 to go with,
that makes your wager just a shade under $20 a pop. If
you can cut your wagers to a flat 15 a month you can bet
each game at $20 even. And this is exactly what I recommend
you do.
Forget
goofy star systems, Kelly Criterions, or betting big on
your "Locks," just pick your 15 games a month,
every month, and make a flat $20 wager (or whatever you
bankroll permits) and hope you can hit a decent percentage
so next month you wont have to pony up a full $300 to
keep rolling.
To
add to the chance you can roll your money over month after
month and continue on the same bankroll, see if you cannot
find a sportsbook that has reduced juice on a certain
day (10.5/10 which many online sportsbooks offer on different
days of the week). Or if you have a reasonable, trustworthy,
and similarly positioned betting buddy, see if you cannot
bet one another on games in which you disagree to avoid
paying any juice at all.
If
this all seems a bit mundane, and you'd prefer to spice
things up with some more risky bets or have some higher
dollars on the line, I don't have much in the way of advice
that will truly save your bankroll. Perhaps betting a
buck on some insane moneyline parlay of four or five teams
each week to win a few hundred might keep things interesting
without to adversely affecting your pocketbook, but if
you like to go from $20 wagers to chasing late night with
$100 moneyline bets on the dog, I doubt any money management
system will be something you adhere to.
Quite
frankly, the simplest money management system for the
recreational bettor plugs you into simple flat bets over
time within the limits of your bankroll so if you hit
somewhere around dead average (50%) it will take a good
long time to widdle away what you have and will make it
pretty easy for you to chalk the losses up to "entertainment
costs."