To emphasise the importance of this strategy, it is worth noting that many seasoned gamblers can increase their returns by 10 or 20% simply by optimising each stake in this way.
Those kinds of figures could make the difference between a profit and a loss over the course of a year.
This type of casual sports betting is fine for some but the novelty can soon fade if you start losing cash on a regular basis.
Other gamblers take a more serious approach and bet with the sole intention of making a long-term profit.
We would suggest opening account with at least 5 bookmakers when you start out.
You can then use odds comparison websites to find out which sportsbook is offering the best price on that bet.
These guidelines are the foundations on which all good betting strategies are built.
Bankroll or money management is the first and the most important thing that you must plan before entering the betting world.
Like many sports fans, you may enjoy betting because it adds an extra element of excitement to your favourite game.
You get all the thrill of the competition with the added bonus of a profit opportunity should the result go your way.