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  1. Never, no matter what, bet more than you can afford to lose.
  1. Always bet no more than 2.5% of your balance per wager. For example, if your wagering account balance is $1,000.00. You would not bet more than $25.00 per bet.
  1. Only increase the amount you bet per wager once you have increased your balance by 25%. For example, if your starting balance was $1,000.00 you would bet $25.00 per bet until you reached $1,250.00. At this point you would increase the amount you wager per bet to $31.00 per wager. You would continue to wager $31.00 per bet until your balance increased again by 25% (when it hit $1,560.00).
  1. Never decrease the amount you wager per contest. This is a sure fire recipe for dissaster.
  1. Always play the same amount on every wager. In other words, do NOT play $25.00 on one game and $15.00 on another game. Bet 2.5% of your balance on every play you make.
  1. Do not play parlays. Parlays have great payouts, but the odds of winning and the Return on Investment (ROI%) can be poor. If you want to play a parlay for the potential big payout, play less than 1% of your balance on the parlay.
  1. Track your Return on Investment (ROI%). Return on Investment is a mathematic formula that tells you how much money you win for every dollar that you bet. For example if your ROI% is 50%, then for every $1.00 you bet you win $0.50 (or for every $100.00 you bet, you win $50.00). ROI% is expressed as a percentage and is figured by dividing the total amount of your winnings by the total amount you have wagered.
8.   Track your ROI% on each sport individually. You will learn your strengths
       and weaknesses.
The 8 Basic Rules of Gambling on Sports
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