Bankroll Management / What Books don't want you to do .

Yesterday I covered Money Management , which is quite a bit different than the Bankroll Management that I am about to cover today .Considering that your Bankroll is the main weapon in profit making in Sports Betting you better learn how to take proper care of it , or risk going bust.As a Professional Sports Bettor I realize than losing streaks can and absolutely will occur .Apparently I am one of the few that has them in the Twitter world of make believe anyway .I readily admit when I lose as I do when I win and realize it's all part of the end game of being profitable come years end .
So lets dig into it a bit deeper as I am of quite a different opinion than most so called experts .Most of the articles you read will say never bet anymore than 3% of your total Bankroll on any one game or risk going broke .I like to stretch it a bit further but not much.I'll go as high as 5% and that's about it .So lets say you have a $3,000 Bankroll at the start of the season .At 5 % being your average bet you'll be at $150 with your average bet .Here's is where the management part comes in , and the most important part if you plan on staying alive in this business for very long.Your Bankroll needs to be adjusted daily as far as I'm concerned or at the very least weekly .I'm still of the daily school to get a true picture and to keep the tightest grip of your Bankroll possible.OK so lets say today you have 3 plays all at $150 a play or for a Total of 15% of your current $3,000 Bankroll.
The day ends and you go (2-1) good for + $135 . which now brings your current Bankroll to $3,135 . Now playing 5% of you Bankroll per Play moves your bet to $155 , and no that doesn't mean to win $155 that means that that $155 is the amount that you bet .
That becomes your new bet amount .Now lets  say the next day things don't go as planned and you make 2 Plays at 5 % = $155 , and they both go up in flames .
Your current Bankroll drops to  $2,825 and now your bet amount drops right along with it to $140 Risk.I realize this might not be the most exciting way to bet but I can tell you that it is the best way to prevent you from going broke .It's no different than Dollar Cost Averaging of a Mutual Fund , or a Stock .If you were to invest the same amount every Month in either of these the Price will dictate how many shares you will buy for that Month.The price rises your standard investment amount will buy less . The Price goes down the same vested amount will automatically buy more.
Hopefully this gives you a better idea of the correct way to manage your Bankroll ,and I know if you implement these important practice along with proper money management you will most certainly become a much more successful Sports Bettor .