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 % per BR stays the same.
Sports Betting Picks Weekly Recap
It was another winning week in football as both NFL and NCAA Football were profitable. We closed out a very profitable college football season last week, going 3-2 (+.4 units). I am so happy with our season results, but really love Bowl season so the NCAA Football betting is far from over this season! NFL saw some really good games this past week and Krackwins finished 6-3-1 for a 2.2 unit profit. We are excited about this weekends slate and NCAA Football conference championships.
The basketball grind continued as we grinded out profits in both the NBA and NCAA Basketball. NBA player props and totals went 4-3 for a 1.1 unit profit and NCAA Baskets finished 8-6-1 for a 2.7 unit profit. I couldn’t be more pleased with my team and the results for the month of November. We will continue to work for you this December, grinding out the winners!
Krackwins finished the week 21-14-2 for a profit of 6.4 units! This has been a great Football season for us but again I want to remind all my subscribers that doesn’t mean to press your bets. This marathon takes patience during wins AND losses. Stay within our scale always, which is now available to view on our new app for standard and premium subscribers. Happy Holiday season from Krackwins Nation!