Money Management

I always like to keep some money in an offshore account so I can wager on a game if I like the game. I do not  condone gambling. Keeping good money management and never betting more then you can afford to lose, I do. 

In this post I would like to go over some good money Management strategies. 

1. Never play with scared money. In other words, set a maximum amount of money you can afford to loose and don't go past that. 

2. In a baseball season, its easy to swerve from your money management. Never increase your bet sizes on consecutive losses. In consecutive wins, increase your wagers in a manner that suits your style of play. 

3. Do not put you entire bankroll in play. I try to only bet 5-7% of my bankroll on every given play. If you fell like you really like the play  and you think it has a great chance of winning then make it 10%. 

4. Don't ever quit in the middle of a winning streak. If you manage to win 10 unit keep playing with a goal of winning another 10 units. As long as you keep winning keep setting 10 unit winning goals. However when the tide turns, and you began to loose, quite the streak with your profit. Remember, a small profit is better than no profit!

5.  Line movements are tricky, however most of the time very accurate, so under that its moving for a good reason. If the movement is between 0-15 cents I would play it out. If it's between 11-15 cents I would consider the size of the play, how cold/hot you have been running, and how you feel about the situation. But in general, I would play it out in that range as well. If it's over 15 cents I would def. suggest lowering by a half-Unit or Unit, using your own discretion. If its a 5-Unit play and the line has moved 20 cents I would lower it a full unit.