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You will find that individual results do not matter to you and you look at your business week by week. How much should be in my starting betting bank. The actual amount you can afford to invest for your initial betting bank is a very personal issue. One person may find £5000 while another £200. The actual amount is not important at this stage. The important point is the emotional attachment. If you wince at thinking about setting up an initial betting bank of £1000 then it is too much. If you are happier with £200 then start with that. You need to be realistic with the money you can afford to set up your bank. You must be setting your bank at a comfortable level. The money you use should be introduced as working capital and not have any "emotional" connection for you. For example, if you need the money to pay bills or the mortgage, you have an emotional connection to that money and you will not be able to make calculated betting decisions.

Your bank should be big enough to absorb the inevitable run of losing bets that everyone will face, without effecting your decisions. I would suggest a minimum bank of £200, a bank of £500 is better and a starting bank of £1000 is ideal - but it is down to the individual to decide what is right for them. The fact is that with a large enough bank you see the bigger picture and look on things las vegas USA no deposit bonus codes by week or month by month, whereas if you set your bank too small or do not get the ratio right between the size of your bank and the level of your stakes, suddenly every bet seems important and any losses seem to be massive blows to you. This is very dangerous in betting as in the event of a losing bet you can go on "tilt", similar to poker when you lose a big hand, you stop making rational decisions and start to "chase your losses" by either betting more on your next selection or even worse placing a total "gamble" bet on something you have not thoroughly researched.

I am sure it has happened to all of us but it is the sure way to lose your bank in a few stupid bets and can undo weeks of hard work in one session. I have seen it happen too many times. The simplest way to avoid this is to bet within your means or your bank and never be greedy or stake more than you can afford. As a rule of thumb - if you are uncomfortable with your bet you are betting outside your comfort zone which usually means outside what your bank can stand. How do I break my bank up into points. Once you have decided on the amount you can afford for las vegas USA no deposit bonus codes betting bank I suggest you then break your bank up in to points. I would recommend that you start with no less than a 100 pt bank.

So if you can only afford £200 as a betting bank then you are betting £2 per point. £500 would be £5 per point and £1000 would be £10 per point when backing horses. I personally run a 200 point bank and maintain it around £10000, so I am betting £50 per point. But when I started really making money from betting my initial bank was only £200 and I built it up over time by leaving all my winnings in and not taking anything out for a year. As I say each of you will have your own agenda and goals. Just remember - it is perfectly natural for your betting bank to go up and down, this is the nature of horse racing, do not panic if you have a period of losing bets, just let your bank absorb it and maintain a strict discipline about your betting, adjust your stakes if need be - but under no circumstances make panic bets trying to make back your losses.

In the next article I will examine "staking" and the importance of "level stakes profit" in betting, both backing and laying of horses. Richard Mawer is the owner of and has been a making a full time income from betting on horse racing for over 10 years. He shares the secrets he has learned over the years with others and shows las vegas USA no deposit bonus codes that it is very possible to make a good tax free income from betting on the horses. I you would like more advice on Setting Up Your Betting Bank and to grab the Free Video revealing the 1 secret to making money from betting on horse racing visit today. People all over the world love to bet on sports. Since you're reading this, you're probably part of that majority. While some do it just for recreation or to make watching a TV game more exciting, there are others who will always wager on their favorite team or player, period.

However, there is an elite third group out there who bet sports with one and only one purpose in mind. to make money. Whichever group you fall into, sports wagering must be treated the same as any other financial investment. To be done properly (and profitably), here are some very crucial rules one must follow. Rule 1 - Use Proper Money Management - This rule is the one that is most neglected and explains why Vegas keeps on building all of those multi-billion dollar casinos. Never wager more than you can afford to lose, so be honest with yourself on what you can comfortably set aside for recreation or otherwise.

Secondly, never wager more than 2 of your total bankroll on any single wager. If you set aside 1,000 for gambling, your individual bets should be in the 20 range and no more. If you're winning, the 2 per wager automatically increases as your bankroll increases. Conversely, if you're on a losing streak and the bankroll goes down, the size of your bets will decrease accordingly. Unexplainably, wins and losses often times run in streaks, so slowly increase your bets on a hot streak and back off on cold streaks. Las vegas USA no deposit bonus codes with 2 and never double up las vegas USA no deposit bonus codes chase lost money.

Rule 2 - Never Gamble Under the Influence - To coin a phrase, "Speak when you're drunk and you'll probably make the biggest speech you'll ever live to regret. " The same sensible theory applies to betting on sports. Drugs (legal or otherwise) and alcohol can cloud your judgment and will lead you into making decisions that you normally wouldn't make.