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How to Make Money Betting on Sports - Sports Betting Strategies

Movement of the price could be due to latest team news which the bookmakers consider necessary to adjust the odds. It can also be that large amount of money has been placed on one side of the market, for example the Home team, and the bookmakers have to improve the odds of the Away team to entice the punters to bet on it so as to balance their books. In your case, you have to decide if the price of 1.90 is of VALUE to you and if it is, the market move should also have given you more confidence in your selection.

I will start with a bank of $5000 and attempt to double the bank every year. I know I need to be diligent in doing my analysis and research and only bet on selections I am most confident in. I will bet around 2 - 5 bets a week, never risking more than 3% of my bank, that is, for the first week, maximum total amount to place on the bets is $150. I feel comfortable knowing that the maximum risk is 3% of my bank. Is my plan feasible or am I just day dreaming?

Your plan is realistic BUT it will only work with discipline and patience especially in implementing money management rules on staking plan and staking size. A common mistake made by many punters is to start off by strictly following laid out rules but eventually succumbing to influences like greed and impatience. When the going is rosy, they tend to jump on the bandwagon and deviate from the pre-set guideline and double their stake. And when they are down, they will fall into the usual trap of chasing their losses. You mentioned you are wagering 2 - 5 bets a week. Do not make rash decisions just to meet the targeted bets. You need to have the patience to WAIT for the right bets which give you VALUE.

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