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Money Management - The Flat Bet

Money Management - The Flat Bet Part Two

5 Star System vs Flat Bet

Many sports services advocate a rating system for each of the games they give out. .They rate their games by stars (*) and tell you to bet $100 on a 1*, $200 on a 2*, $300 on a 3 *, $400 on a 4 *, and $500 on a 5 *. But if at the end of the season, their 2 * and 3 * games have done better than their 5 * games, their customers end up in the minus column.

There may be a few handicappers who can determine that one game is a better bet than another, but it's a very small percentage. Here's why: It has been said that if you can pick 60% winners in football, you can be considered an expert. But that's only a little better than flipping a coin, which of course is 50%.

If it's that hard to pick winners, then who in the world can decide how much stronger one bet is over another? Who can say bet $200 on my 2 * picks, and $500 on my 5 * choices? Can they really know that one choice is 2-1/2 times as good as the other? If they can, why do they even suggest that you bet on the 2* selection?

The point is that a game is either worth a bet or it isn't. It is almost impossible to decide that one bet is stronger than another for the simple reason that it is so hard to pick 60% winners.

By using the flat bet method, you have built-in control over your wagers. You must stick to $100 per game (or whatever amount you choose) and not fluctuate your bets. This will protect you from risking too much on the losing choices and not enough on the winners.

You will never use up your entire bankroll in one weekend. And you'll be venturing your hard-earned dollars with discipline and control.

Money Management - The Flat Bet Part One