At some point, every sports bettor must learn to overcome short term variance. Most new bettors think that they understand that there will be ups and downs - it is gambling after all, right? What they fail to account for is how volatile betting on sports can be, especially on a short timeline.
Think about it this way. Assuming standard -110 pricing, each individual bet has the potential for a +90.9% gain and a -100% loss. These are huge swings! There are very few risks we take in life (especially with money) with that kind of volatility.
Many amateurs struggle with the fact that if they are expecting to win 55% of their wagers (more than enough to consistently turn a profit), the wins and losses will never come in a predictable pattern. More on this later.
How to Beat Variance & Minimize Risk
Overcoming variance is simple in theory. You just need to maintain your expected winning percentage, increase your number of wagers, and avoid going bust by spreading...