Why limiting your plays is important
LAS VEGAS, NV (The Spread) - We often hear about how handicappers/gamblers should limit their plays each day and/or week. Here are some reasons why that's important.
Most days provide ample games for sports bettors to wager on, but that doesn't mean you have to make a play on every single game. You often hear limiting plays is the way to go and that's because limiting your plays increases your odds of winning. It's also important to not overextend your bankroll on any given day. It can be tough to limit yourself, especially when multiple sports seasons are going on simultaneously, but it's the best strategy for bettors interested in the long run.
I often advise a sports bettor to do their best to stick with three wagers a day and if for some reason they have to go over that number, the absolute max should be at five. This gives you plenty of opportunity to beat the books and make some money, while at the same time protecting your bankroll. I often find it wise to make your wagers for the day at the same time and stick to it. This prevents you from chasing losses later in the day, or giving away the money you have won on a late game.
There are handicappers/gamblers who are successful with a high volume system, but I find this to be the exception rather than the rule. A sports bettor with a modest bankroll will have a hard time absorbing losing streaks and keeping their bankroll intact over a long period of time by playing a high volume of plays daily. It's also important to never force a play if it's just not there. Keep your bankroll intact and take a look the next day.
The other big reason you should limit your plays is the juice. Most juice soaks betters for 10-percent of each wager, meaning you're paying $10.00 on a losing $100.00 bet. So if you play 10 games on a given NFL Sunday and go 5-5, you're losing $50.00 on what wasn't even a losing day. Then you may feel the urge to play one more game in order to claim some kind of win and that's when bettors get in trouble. If you're playing the favorites in MLB or NHL, then the juice could really add up if you have one bad night (which are bound to happen).
A good way to prove that a selective strategy works over a high volume strategy is to take a look at the amount of plays myself and the rest of the handicappers here at The Spread play daily. You will find that on most days each handicapper is selective and keeps their amount of plays within an amount that a realistic bankroll could handle. Consider putting these tips to use and good luck out there.