Money management is an important skill that many people talk about but very few people actually practice. Everybody talks about walking away when things are going bad, stopping when we are on a losing path, or playing only at a level that we are prepared for. The reality is that most of the people continually chase their losses, do not stop when things are going bad, and continually play over their heads. It does not matter whether we are talking about sports betting or Texas Holdem poker playing – money management is not an easy thing to practice. It takes a great deal of discipline not to chase after losses and to walk away when it is not a good day to play Texas Holdem.