Let's start today with a series of insights dedicated to one of the most important issues when it comes to sports betting: the need to be able to manage your money correctly, avoiding excessive losses, and allowing your betting business to be fully sustainable in the long term.

In short, some basic money management strategies that we are sure will be useful to all those who for the first time is approaching this sector with the right confidence and the necessary interest!

Easy Money: a simple strategy for your own money

Let's start with one of the simpler strategies, which you can often find on websites defined as Easy Money. In reality, you will certainly not make " easy money " with this strategy ( but we hope you can! ).

However, it is at least a first smattering that could make you understand how important it is - even before playing betting for a single dollar - to worry about money management in your gambling adventures. You should visit this 꽁머니 sports site to get good information about betting sites, and tips.

Moreover, the strategy in question could be adapted precisely to novice bettors who have the little budget available and a lot, a lot of patience to grow their capital in a sustainable way. But why?

It is quite simple. But, to fully understand it, one must first of all proceed step by step.

How the Easy Money strategy works

As we had the opportunity to anticipate a few lines ago, the strategy is really very simple, and can be a good starting point for analyzing more complex strategies, which we will talk about in the coming days.

In order to benefit from it, the first thing you need to do is establish a goal and a modus operandi. Or:

• how much do you expect to win,
• where you want to bet;
• what maximum odds you want to select for your bets.

The next step would be to divide your bankroll into 6 - 10 equal amounts to make sure you have a certain margin of error available ( which, obviously, will also depend on the time period you set yourself as a horizon, on the number of bets that you have). you will do, by how often you believe to top up your betting account or not, by the "risk" limit of each individual bet, and so on ).

Let's take an example and imagine that you have a bankroll of $ 1,000 and want to start pursuing this strategy with a budget of $ 100 per "attempt". And, moreover, that you want to bet on very low-risk positions, which are valued with odds equal to 1.10, with the aim of creating a winning streak of 10 consecutive useful positions, making a commitment to reinvest the entire stake, and the winnings obtained in the previous position for the next one

By doing so, a capital of 100 dollars, invested in 10 consecutive positions valued at 1.10, could become equal to 258 dollars at the end of this path. Is this streak over? You can start looking for a new winning streak with a capital of 100 dollars, and use the other 158 dollars as you see fit!

The limits of this strategy

It is clear that such a simple strategy has all too obvious limits!

For example, you will not miss the fact that to make money you will need a long winning streak, equal - in our example - to 10 consecutive useful positions. Of course, you can shape this path to your liking. For example, you can limit your streak to 5 consecutive useful positions, and not 10. Or, you can lengthen it but betting on the safest bets you can find on the market.

We also advise against this strategy for the faint of heart: the mind, if not prepared, can play tricks when it feels the pressure build-up due to the fact that, at some point, the bet could become 10 or 20 times larger than the initial stake. !

It is true that, although this betting strategy for money management will always require you to increase your stakes, the risk of losing your capital will still be equal to the initial stake, since the amount of the bet will include the previous winnings and not further. parts of your starting bankroll.