Sports Betting Bankroll Management

Published on: Category: Betting Guide

In this article you will find some useful tips regarding proper bankroll management in sports betting.

Bankroll Management is a key factor to successful sports betting. Bankroll is the capital set aside exclusively for one’s betting ventures. The bankroll mismanagement is a serious mistake most bettors make.

The first step to proper management is to never bet more than you can afford to lose. It’s not how much money you can earn from a bet but how many times your bet will be a winning one. In betting terms, this is what you would call “profit in the long run”. Any good player aims at winning in the long run instead of occasionally winning a 4 or 5 game parlay.

Basically, you shouldn’t bet invariably or combine many events on one bet slip while wagering large amounts of money. Chasing big parlays or betting on seemingly big opportunities will only jeopardise a significant part of your bankroll.

Let’s say that you have decided to bet on three teams to win this week’s games. Instead of placing three individual bets you could link them together in a parlay. Automatically, the chances of winning are against you as there are two possible options; either you win and get your payment or you lose one game and consequently lose the entire parlay. But if you place each bet on a different betting slip and you lose one of them, you can still profit from the matches you have predicted correctly.

Ideally, it would be advisable to bet 1-5% of your capital on each bet. This might not be easy for everyone given the fact that the vast majority is seeking for quick gains.

So, if someone sets aside a capital of 1000 units, it would be a smart idea to start their betting venture with maximum 50 units in order to play it safe and increase their initial capital.

Needless to say that the amount you bet every time depends on the initial capital. Never bet more than 1-5% of your initial capital considering that betting is also a matter of luck. Moreover, remember to be careful even when you feel confident about your picks.

Start by placing small bets, mainly single bets, and you will slowly build your bankroll. Follow our advice and the results might surprise you!

You might also like

Fixed Matches

Soccer Fixed Matches? Stay Away!

In the age of technology, people are always trying to make a quick buck, and one of the latest scams going around is "information on fixed soccer matches". There are…
Tips for Football betting success

10 tips for Football betting success

To be successful in football betting it is imperative to have a deep understanding of how the game is played. Recent scores and statistics should be used in conjunction with…
Bookmaker Limitations

Bookmaker Limitations: How to Avoid Them

Every long term or successful gambler has had the unpleasant experience of getting bookmaker limitations set on their account. These restrictions will either restrict or reduce the maximum amount you…
Open a Betting Account Online

How Safe Is It To Open a Betting Account Online

The first thing that springs into anyone's mind when opening a new sports betting account is...how safe is it? In a technological world filled with smart scams and even smarter…

How to Bet on Football Accumulators

Firstly, what exactly is a football accumulator bet? In its most basic form, it's a type of wager where you combine a variety of different football bets into one. For…
Sports Arbitrage

What is arbing? How could I go about doing it?

What is arbing? Arbing, also known as matched betting, sure wins, or miracle bets is the practice of betting opposite outcomes at different bookmakers following calculations that a certain bet…