Manage Your Capital (Money Market Strategy)

Always treat betting like investing.

You need to have a Money Market Strategy. Managing your cash flow is very important.

You wouldn't want it affect your own personal life.

Remember, never think that you can make a living out of betting. 

Okay, lets get back to the main topic:

1. The first point to take note of is, how much are you willing to lose?

Lets discuss an example: 

You bring home $3,000. Theoretically, you save at least half of what you earn. That means you are left with $1,500. In marketing, 20% of the profits would come from  80% of the customers and 80% of the profit should come from 20% customers. Using this 80/20 method to manage your money, no more than $300 should be use for betting. That would mean that no more than 10% of your wealth should be put at risk of losing them because of betting.

This is just an opinion that probably 10% of your wealth wouldn't make too much of an impact to your life. If it would, please adjust accordingly to your own comfort level.

2. How many percent of your capital should be placed per bet?

Lets say you have $300 for this month. Within 1 month, there are 4 match week. If you lose all the money on one match week, my advice would be to stop and restart again on the next month. If you win, you could bring the winnings forward to the next week.

Ever heard of this saying, the more you talk, the more mistake you make. The person who doesn't make any mistake is the person who does nothing. Therefore betting on too many games is not advisable. Using the "80/20" theory would be a good gauge. That would mean that you should not bet on more than 5 games per match week, placing only $60 per game. When your 5 games are over, stop and carry on the next week with what you have, at 20% of your new capital per game. When it is a new month, keep your winning and start all over again at 10% of what you possess.

3. Conclusion

It is important that you do not go beyond your limits when it comes to betting. I'm sure you have heard of cases whereby families were broken because of over-excessive betting.

Final words: If you manage your capital, your personal life would never be affected and you could enjoy betting more. If you win, its a bonus. If you lose, better luck next month.

Any comments?