When formulating a winning sports betting strategy, the issue of money will necessarily feature. Turning a profit by doing what we enjoy doing is the reason why we want to win and become good at what we do, after all.
But knowing the difference between incoming money and outgoing money isn’t nearly good enough. This is not to say that only financial gurus who also happen to have an interest in betting on sports will ever be good at managing money in the correct way – far from it! What it does imply is that the way we think about money is important, as is the realisation that there is indeed a right way and a wrong way to think about money.