Managing a Bankroll - The Keys to Profitability
These are simple points to remember, but they can make all the difference in your results over the course of a MLB season.
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Remember, the best MLB betting system is useless unless you can profit off it. And it is unlikely you would have a profitable season
unless you stay disciplined and properly manage your money.
We recommend that you wager no more than 2% of your bankroll on each play. For example, if you have a bankroll of $5,000, you would wager $100 per play.
The 2% Per Play Formula:
• Take your bankroll amount (your account size). Multiply that by 2% (.02). Wager that amount (and no more) per play. Example: $5,000 x 2% (.02) = $100 wagered per play (a steady $100 all season).
• Play a steady unit for each game all season long. Do not play additional units on certain games that appear to have a higher confidence rating (or visa versa).
• Only play with risk capital (money you can afford to lose).
• Never play with borrowed money.
• Develop the right mindset. Here's a partial list of traits you should develop:
- A sense of calm when playing
- Ability to focus on the present reality - not getting too hung up on any particlar loss.
- Always looking to improve skills
- Keeping an open mind
- Absence of anger
- Enjoyment of the process
- Taking full responsibility for results
• Life is short. Have fun and enjoy the ride!