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Sports Betting Online: Sports Wagering University >School for Betting Sports

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Sunday, November 9, 2008

Sports Wagering University >School for Betting Sports

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Sports Wagering University: School for Betting Sports
From: The Graduate

Lesson One: FOUR SPORTS BETTING PRINCIPLES
Welcome sports gamblers, sports bookies, handicappers, newbie wagers, and anyone who loves the thrill of risking their cool cash on the outcome of a sporting event.

This is initial session on the basic of sports betting online. I'm The Graduate and I will be providing you an education on the aspects of sports wagering required for success. There is no guarantee on your level of success with this schooling, but without this knowledge, your odds of success are at best, 1000:1. Not too hot, so we better get started.

With this first session, I will coach you on four principles essential for your ability to be a successful sports bettor. Without an understanding of these four basic aspects, and the role they play in betting sports, you will have zero chance of being a success. These four principles, which must be applied to your wagering strategy, system, scheme, or whatever you call it, are:

  1. Betting Bankroll,

  2. Knowledge of the Game,

  3. Money Management, and

  4. Discipline.
Betting Bankroll
Betting Bankroll is the amount of money you have available to put on the line, each week, for the thrill and excitement associated with wagering on sporting events. The bankroll should NOT be the funds needed for your monthly living expenses or by tapping into your savings. For the purpose of sports betting, the bankroll should be a budgeted item and/or money set aside, specifically for your gambling desires.

Remember, the bankroll should be cash that you have available, in hand and ready to lose, before making any idiotic wagers. Most bettors will make bad bets at times, so if you do not follow this simple rule, you will be heading for a heap of trouble.

A classic example of this situation would be that of Mr. Du Fess Parker. Mr. Parker allocates $200 per week for his betting bankroll. Having spent all but $20 of his bankroll partying the day before, he bets $100 on a few games, figuring a few wins will cover the bets he intends to make later on in the week.

Mr. Du Fess Parker is a dim-witted idiot and is headed for trouble. He does NOT have the money to cover his wagers in hand, and has compromised the bankroll principle by believing his wagers will be winners. Du Fess has failed to contemplate the situation if his wagers are losers, and the subsequent circumstances. DO NOT put yourself in this type of predicament.

Knowledge of the Game
Obviously, you need to have a considerable amount of knowledge on the sporting event before you can put your bankroll on the line. Having knowledge of the game does not necessarily mean that you have to know the players’ favorite meal, or the name of their first lay.

However, it does mean you must do your homework on the game’s participants. Aside from knowing how the sporting event is played, knowledge of the game requires an understanding of the key match-ups, the teams’ current trends and tendencies, and the health of the key players. This will allow you to come up with a winning proposition, and finally, prevents you from making another uneducated, idiotic wager.

Money Management
Hopefully this is somewhat self-explanatory. It refers to allocation of your betting bankroll in a responsible manner. Money management is 1) what you bet initially, 2) what you bet after a win, and 3) what you bet after a loss. One thing it is NOT, and that is trying to win back your money, from a string of losses, with one huge wager. More on money management will be provided throughout this training.

Discipline
Guts, brains, emotions, logic, an intelligent approach; you name something hard to do and discipline is what is lacking. Once you have established a sound, smart, and successful sports betting online system, you must stick with it and follow it everytime. Only if you discover a flaw in the system, should you change it.

You must maintain control and keep cool under fire. You have to control yourself from betting sports on all of the games scheduled on ESPN. Control what you can control. It will not only save you money, but also turn you into one successful sports bettor when betting online.

That's it for this first lesson. We will be elaborating more on these principles as we proceed with this schooling. Lesson two will be available in a day or two. Your homework will be to deeply reflect on these four principles and make a committment, to yourself, that they will form the core of your sports betting endeavors.
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