For as long as I can
remember, people have been telling me-- "you need a bankroll to wager on
sports". Now I don't know about you, but I don't know too many people who start off
with a big greasy wad of cash with a rubber band around it, before they bet that first
game. Most people, right or wrong, are "seat of their pants" players. They go
week to week. Well for guys like you and me, living in the real world, I developed the
concept of the Rolling Bankroll a few years back. I preach it to my clients and to
everyone I sign up.We play
the "hot-sides," "syndicates plays" or "wiseguy games." Call
them what you will. I strength rate these plays between one and seven units for my
customers, based on the actual dollar amounts the pros are wagering, but generally an
average play is about 2-3 units. One unit means different things to different people. Some
guys bet 25 dollars per unit, others bet thousands. Determining your one unit amount is
the key to using the rolling bankroll. Heres the formula you need to figure out your
own personal one unit amount.
Imagine the maximum amount you
could afford to lose in any given week without suffering a heart-attack. I'm talking play
money here, not the rent. The amount you could really put your hands on without too much
trouble. Be honest with yourself, check your ego at the door. You should be able to lose
this amount 4 weeks in a row, and still be alive to tell about it. Got an amount in mind?
Good. Now divide that number by twenty, and you've got your one unit amount. For instance,
if that weekly amount was $1000 then you play 50 a unit, 500 equals 25 per, and so on and
so forth. This is a sneaky way of getting you to play with an 80 unit bankroll without
actually making you set the money aside. If your one unit amount is small, don't be
embarrassed, it'll grow.
Now that you know how much you
can afford to play, be sure not to let anyone talk you into betting higher amounts. Only a
real scum of the earth would ever try to talk you into betting over your head, You want to
play consistently, the same way over a long period of time, not bury yourself with some
"cant miss" game. Any game can lose. If you follow the program
religiously, heres what you have accomplished. You've broken some real bad habits,
stopped betting more than you can afford, and jumped off that losing treadmill you've been
running on for years. If you find yourself down early in the week, you won't panic, press
or run scared. You won't double up or back down. Why? Because youre not terrified of
losing and not being able to pay. Youve accepted the fact that losing weeks are part
of any winning routine. Taking it a step further, if you really want to wise up, you won't
ever parlay, reverse or bail again. Straight bets only, by unit. Easy does it. For the
first time in your life, you are betting amounts that you can actually afford to lose.
Guess what? Now you can win. Now you're in for the long hall, betting like a
Wiseguy.
Now you know the secret. People
generally lose not because of what they play, its how they play that kills them. Gambling
is a grind. Its not about "sure things" or "mortal locks", its about
winning over time. Hanging tough when its rough, and riding those winning waves home when
they come. I'd love to be the one to supply the surf board, but the rolling bankroll will
work with anyones plays including your own. Play smart. Stay disciplined. Shop the
lines. No Sucker bets ever. Get the Cash!
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