The thing that has yet to be mentioned is the varying sports and or bets in differing sports. BAseball and hockey are not even related to fotball and basketball. Just as golf in itself has elements that are common in all sports. Then there are futures and series bets. And finally props.
Both articles give the basics, but all in all have the underlying presumption that bets are being made at a standardized vig, i.e. spread based sports. Be that standardized vig be -110, -107, or a variance that has yet to be determined.
Baseball and hockey can in no way be talked about in the same sentance as football and basketball in terms of money management. I do not bet hockey at all for the most part, but I do know that it is ML based for the most part, but like the RL in bases, there can be a puckline with odds that can be played. But there are also ties, so that definately creeps in, and why I don't bet the sport. Hockey and socccer are actually pretty closeley related, and soccer should be included as a lot of non Americans do bet it as their staple.
But it is possible to bet both baseball and hockey, and soccer and take absolutley no risks whatsoever. These days are surely few and far between, but when there are no restrictions put on teams then the risk variant drops dramatically.
But in these pinoeering times there is also less risk in the spread based sports as well. Although the winning is sometime harder. Because not only does a side have to win, it has to win by such and such a degree.
But if you focus on certain paramters, and certain spread levels you can lower your risk even in these sports. You just need to keep your eyes open.
While there is no secret formula, there are rules that can be followed. the rules are pretty simpe, yet less than 5% belive in them , and even less than that will follow them.
At least I am glad that Wild Bill didn't use percentages to outline posible success rates. Because you can't. Even in the spread based sports if you vary bet sizes.
With the fringe bets like futures and series bets and props, they also have to have their own moneymanagement angle. Even for flat bettors, the bet sizes in these areas most likely will not be the same as a straight wager. I am also sure most bettors looking to win long term won't bet props at all, especially at some of the holds they are priced at.
But future bets and series bets are viable anevues now, especially with many places lowering the holds in thoe areas. Used to be futures were on a 30 cent line, and for that reason, and the fact that your money was in "escrow" for months, made many bettors stay away. But in these days those future bets, if made correctly originally can open up a whole new world of no risk betting. Including hedging, and out and out no risk middling.
On the flip side so does series betting. If you pay attention, you can get the odds for the first two games, and that gives you a huge advantage, since then you can calculate what odds you need in game three, and determine potential value from that. That is if you can coreeltate, and to tell you the truth a lot of these books can't, and that is why a lot of them don't offer series betting, and when they do it is pretty limited. Why? Because it is pretty easilly beatable by anyone with a brain.
Obviously all these examples assume risk. but minimizing this risk is the first step to winning, understanding that you aren't going to get rich is the second step. But the most important thing to remember is that long term isn't a season or two, especailly if you bet everyday, and don't plan on stopping. Long term means as long as you plan on doing it, the sooner you get into a steady routine the better. That is the irony, 95% of the people don't last long enough to find that routine.
