Sports Betting Money Management Secret

It can be extremely dangerous to bet out of control. Take my word for it, do not learn this lesson through experience.

Here is the #1 Law of money management: Never Gamble With Money That You Cannot Afford To Lose.

Successful sports bettors all have at least this in common – they know how to properly manage their money. Superior handicapping/betting skills alone do not make one a winning player. To win, you must want to win bad enough so that you will be careful enough not to give your money back to the bookies.

This is a very important concept. Once you have won money from a bookie or sports book, that money is yours. Keep it that way. Subconsciously, the bettors that think of the money as not belonging to them tend to give it back immediately.

So start training yourself to think of the money as yours as soon as it has been won – because IT IS YOURS! Now you will not be so quick to give it back.

Also, do not gamble with needed funds no matter how “sure” the bet may seem at the time. The possibility of loss is always very real. And by loss I mean financially and emotionally. Gambling with money that is necessary for something else is a sure fire way to get yourself all emotional about it. And then who knows how desperate you will get.

Playing under escalated anxiety not only ruins all the fun and stresses you the hell out, but it also probably destroys your ability to make sound decisions and win your bets! That’s right. Bets made under duress and usually bad bets. So play the game strategically so that is easy for you not to get emotional.

The History of Gambling

Playing casino games stays very popular since the beginning of time. The history of gambling goes back to the ancient times and there are much archaeological evidence that gambling was present in all advanced societies of the past: Greek, Egypt, India, China, Roma, etc. Numerous artifacts like dice, inscriptions of game rules and others were found all over the world. Some of them have been dated back to 2300 B.C. But it was the 14th century AD when gambling was considered to be against the law. King Henry VIII of England has banned gambling when he found out that his soldiers were spending more time playing than actually working.

The practice of paper money shuffling in ancient China became the predecessor of the modern game we know as blackjack. The practice has evolved into card playing, which was borrowed by the Mameluke Empire. Mamelukes, being Muslims used various designs somewhat reminiscent of famous Muslim carpets, to decor the cards. Upon its arrival to Europe in the Middle Ages, the players started using royal ranks of men within the Royal Court to denote the cards. But it was only in the 1500’s, when the French have introduced the Queen to the cards. These cards were known as the “French Pack”, and were the direct predecessor of the modern 52 card deck.

Roulette, as a casino game also has a very interesting history. The word «roulette» means «a small wheel» in French. The game we know today was popular in France in Modern times, and was edited by Francois and Louis Blanc into the form we all are familiar with. They have introduced the “Single 0” to the game in 1842, and roulette was brought to America in that variation. The Americans have made their own version of the game, introducing the “Double 0” to the wheel. Thus, there were already two types of roulette – European and American. There are ongoing debates regarding the origin of the game itself. Some people claim that roulette was invented by Blaise Pascal, the French mathematician who lived in the 17th century. Other state that the game was introduced by the Chinese and brought to Europe by Dominican monks. Regardless of its origin, roulette still is the most fascinating casino games today.

Dice have been around for more than 20 centuries, being involved in numerous activities, ranging from gambling to religious rituals. Dice, as we know it now, are very popular due to the game called «craps». This game was highly popular among the rich and famous of the 18th and 19th century England, and was originally called «Hazard». It was imported into France, where it got its modern name. “Craps” has derived from the word “crabs”, meaning “pair of ones”. The game was a huge success in America, where it was simplified into the present form and played on steam powered show boats.