The biggest mistake a punter can make is not having a staking plan or money management system in place.
Now what IS money management system?
I decided to start with this because it’s the first component you need
to sort out before picking games. You need to have a money
management method in place before you start staking.
Money management (referred to as MM by pro-bettors) is the
specified amount a bettor uses to bet every time he stakes a bet on a match.
Money management is a simple approach to manage your bankroll that enables
substantial long-term profit, while effective reducing the risk of losing your bankroll totally even when you hit a long losing streak
Money management enables your bet size to increase when you are
winning and decrease when you lose.
There are two ways to use Money management but both leads to the
Let’s start with the first one – only stake 5% of your total bankroll, for
further explanation; lets say you have N10,000 as the balance in your
betting account, using the 5% staking plan, you should only stake
N250 on a bet, if you win at 2.00 odd, the return will become N500
which mean the total of your balance is N10250.
Then the next time you want to stake, you will calculate the 5% of
N10,250, that will be the amount you stake on your next bet. This first
component helps you increase your balance exponentially while
limiting the amount you lose.
Then if you lose, you simply calculate 5% of your remaining bankroll
e.g if you lose N250 on a bet, you will have N9,750, to place your next
bet, you will calculate the 5% of N9,750 to place your next bet.
The truth is that having a money management in place will save you a
lot of loses and minimize your losing streak. It will also help you turn
football betting into an investment and not just ordinary gambling.
When you combine a good money management system and some of
the secret ways I use to win massively… what you will get is raking
profit week in week out from football betting.
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