Saturday Update / Money Management

I am asked all the time "How Much should I bet on this  Game ?" or Total for that matter .My clients were so used to betting 2 and 3 Units on my Basketball Totals last year they are now questioning me about why are the Unit ratings so low right now , and the answer is really quite simple.It just comes down to money management .An often used term along with discipline that is always heard but very seldom adhered to .Without it though your winning streaks that feel so good when they happen will all be for naught if you don't keep yourself disciplined in money management .How often have you decided  to double your Units the next week off a winning  streak when at most you should keep them the same .Now there is a difference between flat betting an increasing  your Unit ratings .
I have no problem with , in fact I find it a necessity to bet sides or Totals that you like more for more money .That's exactly what you should do .What I don't want to see people do is let's say your average bet is $100 so let's make your Units = 1 /$100 .So coming off a nice week you decide to change your Units to $200 .Biggest mistake you can make , because lets say after you're winning week you were up +3 Units for the week .A very respectable profit for the week by the way .Now let's say the next week things don't go exactly as planned and you drop 2 Units for the week  .If you had kept your Units the same size for both weeks you would still have netted a small profit which is what this business is all about , but instead in the case where your Units were doubled you are now at a negative for that same 2 week period .I am a firm believer that whatever you decide as your 1 Unit equivalent you should have a set period of let's say 30 day's where the only adjustment you would make is to decrease your Unit size should a losing streak set in .
Yes they do happen even to professionals.Oh I know most of the Handicappers on Twitter never lose , but that's Fantasy land and they are just BS you to get a few dollars out of your Pocket .That's one of the main reasons why I am placing all my bets right on the site after the start of the game .It has nothing to do with selling anything .Winning takes care of all of that , and for those that see someone with a sound plan that is successful wants to be a part of that , and the money is just exchanged for either expertise or in the saving of time .People with regular jobs don't have the time to be able to Handicap games with any real degree of success ,and I get that .Which is why I offer the service that I do .If everyone had the time and the acumen to do this to the degree where they could make a living at it then nobody would ever hold down a 9-5 job we would just be a Country of Professional Gamblers , but that simply isn't nor will it ever be the case .
In any event I got off track a bit there , but if you stick to a few simple rules regarding Unit Size , and the length of time you hold that size you'll find your Handicapping in general to be a much more pleasurable , and financially beneficial experience.
Next post will be about Bankroll Management , a much different beast indeed .

Best of Luck to all

Tony C