There are two kinds of gamblers… those who lie about their losses and those who don’t. Very few people who gamble come out ahead.

But, losing is not inevitable. A small bettor can make a little money wagering on basketball. In fact, while others continue to lose, a few people, albeit a small minority, do win fairly consistently.

These bettors have a few things in common. Most important are a set of rules and the determination and self-discipline to stick to them. The best basketball I know has made these rules for himself.

1. Decide on a budget at the beginning of the season. Determine how much you want to bet on individual games, and the maximum number of games on which you will wager. Your budget should be low…an amount of money you can afford to lose without hardship. If at any point you are tempted to increase the maximums you have set, stop gambling immediately.

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