Bank Roll Management: Dollar Cost Averaging

With all of the hype on Championship games such as the Super Bowl, College Football Playoff, March Madness Final Four, World Series, Stanley Cup Final, etc. it is easy to focus on a specific event or game.  Often times bettors will put a little extra effort into their strategy and theory for games like these.  While it can be natural to do this with the national attention, we think the same focus should be placed as often as possible on all of your action.

The importance of strategy and theory for not only the bets you make, but when you make them, cannot be overstated.  If can often mean the difference between a profitable and unprofitable event.  Jim Cramer, the host of Mad Money on CNBC often recommends buying stocks in multiple purchases to allow you to get a better price if the stock goes down.  In the investing world, this is called Dollar Cost Averaging.  

The same strategy can help you maximize profit and hedge downside risk in sports betting.  A while back, we detailed our plays on the College Football National Championship game between LSU and Clemson.  We recommended 75% of action on LSU moneyline, 15% action on LSU ATS, and save the final 10% for in-game action in the event that Clemson scored first.

The staggered action allowed for a profitable game if LSU won.  Additionally, it allowed for taking more risk/reward to cover, and ultimately + money options if Clemson scored first.  What happened?  Clemson scored first, LSU came back to not only win, but cover.  The ROI on the event was 61%.  By using a strategy to the game, we minimized risk while still being very profitable.  

The point is this: when looking at a game, develop a plan, and even a backup plan that allow you to minimize risk and maximize reward.  Don’t jump in all at once.  Allow yourself an option of Dollar Cost Averaging.  Rely on your research and allow for in-game action, especially when the game goes against you early.  You can often get + money with most of the game left.

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