The Importance of Bankroll Management in Sports Betting It’..
Added 2021-02-22 23:14:08 +0000 UTCThe Importance of Bankroll Management in Sports Betting It’s recommended to have a unit size at one or two percent of your total bankroll. So let’s say you have about $1,000 to set aside for sports betting this football season (as a quick aside of responsibility, please remember that sports betting isn’t a get rich quick scheme, so you’re bankroll should only contain an amount of money you’re willing and financially able to lose). At a unit size of one percent, then you’re looking at a unit of $10 (1000 * .01 = 10). With this, you’ll be betting $10 on each and every wager. It’s recommended to set some milestones on when you’ll reassess what your unit will be. Perhaps it’s every time your bankroll grows by $100, or maybe it’s every $250. Whatever the number is, be consistent and stick with your system. It’s easy to get on a good winning streak, feel unbeatable, and then increase your unit size, only for the inevitable losing streak to begin shortly after this. That’s one way good sports projectors end up losing money despite being profitable on a unit basis. Examples Flat betting means betting the same amount on every game (one unit) and only risking 1% to 3% of your bankroll per play, regardless of your confidence level. A good medium is 2% per play. For example, if you’re starting with a bankroll of $100, you should risk $2 on every bet. If you’re starting with $1000, you should risk $20 on every bet. You are the one who controls the decision. In life, if you don't make decisions you are a jellyfish. Be clear and decisive - YOU SET YOUR BANKROLL AND YOUR BET STAKES, anyone telling you how to stake is crazy.
