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Online Gambling Money Management Tips
A money management philosophy in quality online gambling should be as simple as the techniques and theories implemented by the best online gambling players. There is no need for complicated formulas and theories as the more simple the money management system, the easier it is to not only understand and believe in but also the easier it is to track and keep records of.
Rule number one in regards to quality online gambling money management, perhaps the golden rule, is to avoid parlays, teasers, props, and other related bad bets. Casino sportsbooks and online betting services like parlays and teasers because it can increase their profits and margins because such bets are low percentage plays and rarely pay off. A bigger problem with parlays and teasers for any type of player, whether it is an online baseball gambling player or an NFL bettor is that they can take what would have been a winning day and make it either less of a winning day or even turn it into a losing day. To put it another way, parlays, teasers and props increase the profit margins of casino sportsbooks and the best online gambling resource will tell you that parlays decrease the profit margin of a sports betting player. If you are betting baseball games online then you really want to avoid parlays.
Let’s take an example of the best online gambling strategy from a college football Saturday as a player went 5-3 on his eight football picks against the odds on this game day. If this player was betting to win 0 per game had bet these football picks flat he would show an after "vig/juice" profit of 0 for the day. But if this same player screwed around with 0 worth of parlays on these eight football picks and none of them came in, (remember he lost three of his eight football picks), this player decreased his bankroll’s profit margin down to on a day in which he hit 63% of his football picks against the odds.
The absurdity of a parlay is best illustrated by an online baseball gambling player that went 4-1 on his betting on baseball picks against the odds. If this betting on baseball player bet those picks flat against the odds at 0 per game he would have a final profit of 0. If he bet all five picks together on a five-team parlay he would have nothing to show for what should have been a banner day against the betting board. Is it any wonder that sportsbooks and online betting services love parlays?
If you are looking at baseball games online then you don’t want to follow the masses and bet parlays and teasers. Nearly every serious online gambling resource will discourage you from betting parlays and teasers. There no online gambling rules that tell you not to bet parlays but it usually is not a profitable idea. If you are looking at many of the accepted online gambling rules you will not see much to favor parlays, teasers or propositions. There are times when a parlay can be a decent bet but for the average player it is not a good idea.
About the Author: Jason Manning, an accomplished sports writer and sports gambling specialist focuses on providing excellent instruction and tips for sports gambling related endeavors. Jason has been providing sports gambling information for over 20 years and his expertise and insight is highly respected. Jason can be reached through the email on this site www.sportswager.com . Feedback and questions are welcome.
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