Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:
So, the question is... Which are you better at: selecting the right bet or managing your bankroll?
And, how has it been going so far? Are you profitable or not, and why?
To be successful in sports betting, you must be very good at both selecting your bets and managing your bankroll. There is no 100% winning strategy out there so losses will always occur irrespective of how careful you are. This mean that if you are good at selecting the right bets but fails in managing the bankroll, few losses will damage your assets completely.
What makes a successful gambler is how much of losses that can be mitigated while still remaining in profits. Losses are inevitable and must be integrated in the decision making process. Those who neglect this reality always end up being depressed when losses eventually happens. Therefore, it is important to selected the best bets while managing the bankroll efficiently as this is what lead to success.
I have incorporated tight risk management procedure in my play system. By this, I set out maximum I can risk per bet and per day and when the limit is hit, I take a break for the day to try again other days.