Betting Banks: Why You Need One for Backing And Another For Laying

How's this for one of the most patronizing intros to a blog post you'll read today.... If you want to take betting seriously effective money-management is essential. The first place to start is by setting up a betting bank.

 

Of course, we all know this. So what can I tell you that'll stop you simply closing this post, and moving onto something new?

 

Betfair accredited trainer Jonathan Burgess has expanded on the topic of betting banks, and discusses the benefits of using more than one betting bank.

Read the full story on False-Favourites.co.uk

I wanted to share this article with you because Jonathan speaks a great deal of sense when explaining how the use of more than one betting bank is the best way of monitoring the profit and loss from various betting systems and tipsters.

Image courtesy of False-Favourites.co.uk

Having a dedicated betting bank separate from other expenses allows you to bet objectively, and without the distraction of emotion. Jonathan's article also includes a couple of neat instructional videos.

Laying to maximum liability has shown to not only reduce the overall risk but it does not significantly reduce the bankroll growth. The only problem is that you have to be able to bet to a minimum stake of £2 on Betfair.

 

More articles on sensible betting money-management...

You'll find a number of articles on risk and money-management over at SkyBlueKangaroo. My blog is dedicated to helping you make your betting pay. Hop on over to read about the horse racing systems that work and to browse the library of betting articles and tutorials.

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