Betting investors should learn to manage their betting funds
Money management skills are a must for betting players. It doesn't matter if you just want to simply have fun, or if you want to commit to it for the long term. Of course, for recreational players, you just have to make sure that you don't lose more than your psychological bottom line, then just take out a portion of your acceptable funds to bet. For long term investment players, money management is a learning curve.
First of all you need to understand what is meant by money, the so-called money, or gambling capital, is the money you can use to participate in the betting game, it is obviously not wise to bet your entire fortune on it. You first need to make sure that you can live comfortably so that you are not tied up in betting for reasons such as life. Therefore, it is important to first determine the amount of money that you can use.
Secondly, you need to know what is the minimum amount of money you should have in a game. In Texas Hold'em, for example, you should generally have the equivalent of 300 big blinds, which means that on a 5-10 table, you should have at least $3,000 so that you don't have to make some unsuitable judgments and moves because you don't have enough money. For example, playing too cautiously due to an instinct to protect your chips, or having to play very aggressively to get the chips you need.
Third, never get too cocky. You may think it's okay, but when the odds are stacked against you, the downside of not having enough chips will become very apparent and you may suffer a large loss as a result. Therefore, never get too cocky and stick to the amount of money you have set for yourself.
Finally, don't use the money you spend on betting games elsewhere. As an investor, you must protect your funds, and you can treat yourself to some of your funds once in a while. It doesn't hurt to take out a small amount of money for fun when you want to play some unfamiliar games, but only occasionally. Once you get into the bad habit of using your funds freely, you will find that they are no longer enough when you really need them.
If you want to become a betting investor, make sure you learn to protect your funds, they are your biggest guarantee of making profits. Only when you have acquired sufficient money management skills can you say that you are really getting started when it comes to betting and investing.
