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On the latest episode of Financial Freestyle with Ross Mac, The Lock Talk CEO Jason Seo discusses his strategies for managing his sports betting bankroll.

The most important factor in sports betting is never gambling more than you can afford to lose. "How much are you able to lose without it affecting your life? Paying bills, paying for food, having fun," Seo continues. "You have to have an amount where if you lost it all, [you'd be] totally fine."

"It's a long-term view because when you're sports betting... one day is not [going to] change your life," he says. "You [want to] do it over time."

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This post was written by Meredith Lawrence.