Basic betting strategy

There is a whole host of different strategies for having a positive outcome when placing bets on sporting events, almost as many as there are individuals who wager. There are, however, a number of basics to understand so that you can approach betting in an efficient and intelligent manner. One lesson for betting is to break down the amount of money you have into a number of equal sized lots and have a set bet size that you normally work with. I recommend a five percent sized bet compared to your overall bankroll. This allows you to lose a number of bets and still be able to keep going. Another thing to remember is that when placing a bet that has long odds, using an even smaller bet size is advisable. Because the odds are more likely that your bet will lose, having a smaller bet reduces the amount that you stand to lose.