Bookie and Casino Money Management

It can be extremely dangerous to bet out of control. Take my word for it, do not learn this lesson through experience. I have been playing roulette for two years now and recently last year, i combined it with sport-betting. I want to share with you some money management tips. Whether you play roulette or you trade on sport.

Here is the #1 Law of money management: Never Gamble With Money That You Cannot Afford To Lose.

Successful sports bettors and professional players all have at least this in common - they know how to properly manage their money. Superior handicapping/betting skills alone do not make one a winning player. To win, you must want to win bad enough so that you will be careful enough not to give your money back to the bookies/casino.

This is a very important concept. Once you have won money from a bookie or casino, that money is yours. Keep it that way. Subconsciously, the bettors that think of the money as not belonging to them tend to give it back immediately.

So start training yourself to think of the money as yours as soon as it has been won - because IT IS YOURS! Now you will not be so quick to give it back.

Also, do not gamble with needed funds no matter how "sure" the bet may seem at the time. The possibility of loss is always very real. And by loss I mean financially and emotionally. Gambling with money that is necessary for something else is a sure fire way to get yourself all emotional about it. And then who knows how desperate you will get.

Playing under escalated anxiety not only ruins all the fun and stresses you the hell out, but it also probably destroys your ability to make sound decisions and win your bets! That's right. Bets made under duress and usually bad bets. So play the game strategically so that is easy for you not to get emotional.