First let me introduce myself. My name is Tony Stoffo and I am the former Race and Sports Book Manager of the Desert Inn casino in Las Vegas, Nevada. Through all my years working in Las Vegas, I have seen it all. Especially when it comes to sports betting, you learn so much when you work on the other side of the Sports Book counter.

I have compiled and will share with you the most profitable Money Management programs that I have seen come across my Sports Book counter that constantly have shown a steady profit.

Here is one of the Money Management Programs from my new book Money Management for the year round Professional Sports Handicapper that incorporates betting on Parlays.

With this program you will be betting parlays.

The goal of the program is to win just one parlay in an eight bet series.

Here is the series breakdown for the program.

5-10-15-25-40-55-80-100

In this series by winning any one parlay will create a profit.

Here is how much of a profit will be attained at each stage of the series.

BET                     Amount wagered                   Net Profit

#1                                  $5                                  + $13

# 2                                 $10                                + $21

# 3                                 $15                                + $25

# 4                                 $25                                + $36

# 5                                 $40                                + $50

# 6                                 $55                                + $50

# 7                                 $80                                + $61

# 8                                 $100                              + $34        

Rules to follow:

1)    Starting with the first number in the series, make a 2 team parlay.

2)    If you lose the first parlay, move up to the next number in the series, and make another 2 team parlay. Continue up the series until you win one 2 team parlay.

3)    If you win your first parlay, add the profit to your bankroll and start another series.

4)    Once you hit a parlay anywhere in the series. Add the profit to your bankroll and start another series.

I love the odds of only having to hit just one parlay in the series to show a profit.

Here is an example of hitting just 3 parlays out of 11 bets made.

Here is the series on how the wins and losses occurred.

L-L-L-L-W-L-L-L-W-L-W

BET            Amount bet         Result                   W/L            Net Profit

# 1              5                           lose                      -5                -5

# 2              10                         lose                      -10              -15

# 3              15                         lose                      -15              -30

# 4              25                         lose                      -25              -55

#5               40                         win                       +105          +50

Your series goal has been attained. Add $50 to your bankroll.

# 6              5                           lose                      -5                -5

# 7              10                        lose                      -10              -15

# 8              15                        lose                      -15              -30

# 9              25                        win                       +66             +36

Your series goal has been attained. Add $36 to your bankroll.

#10             5                          lose                      -5                -5

#11             10                        win                       +26             +21

Your series goal has been attained. Add $21 to your bankroll.

Example is complete.

Results      Betting Program # 7     + $107

By hitting only 3 out of 11 parlays all the money lost on the losing parlays has been returned, plus a profit of $107 has been won.

I highly recommend this program; I use it for all my wagers on, football, and basketball.

To receive full details about my book Money Management for the year round Professional Sports Handicapper.

Please visit http://learnhowtobet.com