I get a lot of questions from sports bettors about how much to bet on each play in terms of dollar amounts and units. They see people on social media with their 20 unit “whale” plays and think this is a get rich quick thing.   People who aren’t new to Krackwins know that the most important thing I stress to any sports bettor is money management. Not forcing action and not chases losses are two things that I am a broken record on. The risk of ruin, as it relates to gambling, is the probability of someone losing all, or substantially all, of their bankroll.

As an example, if you were to bet your entire bankroll on a coin flip, your risk of ruin would be 50 percent.
One of the worst things you can do, if you want to bet sports professionally, is to risk more than your bankroll will allow. If you do this, it will catch up with you sooner or later and put you out of business. There are going to be some very bad days, weeks, and possibly, even months ahead in this business. You will not be able to turn things around if you are tapped out because you were risking 5 percent or more of your bankroll.

So what about when you are running hot and having a good few days or weeks? Betting the same % of your bankroll is just as important during the good runs as it is during the bad runs. That being said, it is always a good idea to recalculate your bankroll ever few weeks so that your bet amount may change, even though your percentage per bankroll stays the same. Please email me at [email protected] if you ever have any questions, now lets recap our last week…

Sports Betting Picks Weekly Recap

Overall it was a rollercoaster ride for us all week, which ended 17-13 for a 1 unit profit. Our NFL went 9-6 (+1.9u) last week as we continue to hit an amazing 67% on our NFL player props. We have had some great Prime Time games so far this season with last second scores and Overtime wins. NCAA Football has been a wild season so far also, with the unthinkable happening last week when Vanderbilt beat #1 Alabama as a 24 point underdog! KrackWins finished 5-5, dropping 1.1 units for the NCAAF week. MLB and WNBA are deep into the playoffs and we are continuing to fire away on them both. Last week we went 2-1 in the MLB (+.5u) and 1-1 in the WNBA (-.2u).

It is crazy to think Basketball season is only a week away. Volume will pick up a little as we add a couple sports to our arsenal. I am excited for this NBA and NCAA Basketball seasons to start! Let’s keep this momentum going as we get into the FULL GRIND!!!