The biggest danger of participating in a betting system is the possibility of losing your bankroll. However, don’t worry that isn’t the same as going broke. What you are encouraged to do is split up your money by setting aside a certain amount for your betting bankroll. This way you know exactly what you can afford to lose.
Spread Your Bets
A common mistake by newcomers to the sports betting scene is to find a pick that they really believe in and then proceed to bet upwards of 25% of their bankroll. That is a recipe for disaster, because with such a strategy you could have the best guaranteed sports picks in the world and still go bust.
Instead you would benefit from spreading your risk, so try to limit the size of your bets to 1-3% of your bankroll. Now and again when you come across some really good guaranteed sports picks then you can take a shot at increasing your bankroll by betting as much as 10%. However, this should be done in moderation, once a week at the most, and that’s if things are going well.
Get Good Quality Guaranteed Sports Picks
The quality of your picks will determine how quickly your bankroll will grow, or if it will grow at all. Therefore, you need to spend a significant amount of time in the beginning to find an expert that shares profitable picks on a regular basis. To spread your risk you could decrease the size of your bets and branch out into a couple of different sports. Don’t worry if you don’t know much about a sport which you are betting on. As long as you follow the picks from a reputable source you can still make profits.