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Money management is the crucial aspect before betting on sports. The main reason that most sports bettors lose is inappropriate money management from the start. With definite tips of winning sports, inefficient money management will not help you in gaining money. First you need to create your gambling bankroll. You have to separate the gambling budget for sports betting. Your bankroll should not comprise money used to repay your mortgage and bills. Actually, if possible you should have a separate bank account so you can keep your gambling and living monies separate to avoid any confusion or mishaps. Next is to determine what is your betting size is going to be. You should almost never wager more than 5% of your bankroll on any one game. Mainly because in sports wagering there is no “sure thing” or “lock” as some sports handicappers may have you think. There are too many variables in any game to be able to control which way the ball will bounce and if the game will end in your favor. Your day-to-day bets should be in the 2-4% range of your most present bankroll. It is said as “current bankroll” because each gambler has the profit and loss phases. It doesn’t matter who you are, you will have some losing streaks throughout the year. By keeping your daily bets in the 2-4% range of your current bankroll you will eliminate the chance to lose your entire bankroll on one losing streak. Lastly and finally – for good management of your money plan to work you must have a lot of self-control. It is easier said than done and for a bettor it is a tough challenge to become a successful bettor. You won’t always succeed and you have to be able to indicate control in these circumstances or you will find yourself digging a hole you may not be capable of climb out of. The problem most sports gamblers have are they fail to look at sports betting as an investment when in fact it is just that. Keep in mind that old saying “sports wagering is not a sprint, it’s a marathon”. The daily or periodical consequences are immaterial. Instead, don’t rush, stay focused and exercise self control. Sports wagering can be one of the most lucrative investments available today if you get the advice of a reputable sports handicapper who will help you manage your money like an investment.