2021 Super Bowl Betting Money Management
For many people who look forward to watching and wagering on the Super Bowl, there is one important fact that always gets lost among the media circus that spans 13 days leading up to kick-off. It’s the fact that the main goal of betting on the Super Bowl is turning a profit. Oftentimes, bettors will get wrapped up in all the hype of the million prop bets available to them that they have far too much exposure.
I understand how tempting it must be to see the endless amount of prop bets that are offered by every sportsbook under the sun and not bet on them. I’m not saying don’t bet on them, I’m just saying go easy on them as some have a slightly bigger edge than others, while some: (read: The Coin Flip ) are a losing proposition before they even take place.
It’s important to remember that the Super Bowl is just one football game. It should be handicapped as such, and you shouldn’t deviate from what’s gotten you to this point in the season with a bankroll (hopefully) still intact. One team will win, and one team will lose. One team will cover the Super Bowl spread, while the other will not. Do not, I repeat do not, put yourself in a hole before the first quarter even begins.
In all sports betting, regardless of if we are talking about the Super Bowl, the World Cup Final, Game 7 of the World Series or any one-off sporting event that the world salivates about, your money management practice should not waver. In case you need reminding of what good money management looks like, we've listed a few tips to keep you from busting your bankroll on this year's Super Bowl.
Set a Unit Amount
This is the most important money management tip you will learn today. Setting a unit amount is the best practice you can undertake as it will limit losses and hopefully keep you on an even keel throughout your sports betting journey. Setting a unit amount gives you stability in the sense that you know how much each game is going to be worth. And if you practice this, you won’t be losing more on a single play because you are chasing losses or betting out of anger.
Depending on your bankroll, and how comfortable you are betting, a unit can be any number from $1 to $500 to $5,000. Obviously, the smaller your bankroll, the smaller your units should be. However, at the end of the day, it's all about how comfortable you are losing money. If you have a bankroll of $1,000 to start, I recommend making your units anywhere from $30-$50. If you chose $50, a one-unit play (something you want action on) will cost you $50. If you feel more confident in a certain play and want to up the unit size, you can make it a five- or six-unit play that will cost you $250 or $300.
Set a Maximum Bet
Doc's Sports employs an 8-unit betting system where the minimum bet is 1-unit, and the maximum is 8-units. The concept of this is fairly simple to understand. If you really love a team, or a spot, or a game, and you think there is no way it won’t win, make that a max play. If you just like your play, keep it at a lower unit amount so that you can cover your ass if it loses. Of course, this maximum bet limit should coincide with the amount of money in your bankroll. A general rule of thumb when betting with units is that no bet should be more than 3 percent of your bankroll. If you’re looking to make a max play, you can go upwards of seven or eight percent, but that’s it. Typically speaking, pro handicappers only have one or two 8-unit plays per season. They are sometimes referred to as the "Game of the Year," thus leaving them more exposed than a normal bet would.
Once you understand the above paragraph and implement the 8-Unit Betting system into your day-to-day betting, the next step is deciding how much you want to want to wager. Yes, this will be the last football game you’ll be able to wager on for at least six months, but you want to end football with a winning feel and not a feeling of utter dread because you lost your bankroll and shirt to go along with it. I keep reiterating the fact that the Super Bowl is just one game, but it’s true. And because it’s the last football game of the year, everyone and their mother will be betting on it, and the value is already gone from either side. If you can stay disciplined and cap your exposure, you’ll have a much more manageable night if things don’t go your way on the football field. Get your dollars in, but be smart about it.
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