Whether you’re getting into sports betting simply for the fun of it or you’re becoming a punter with the sole intention of making a killing in the field, one thing is certain; you don’t want to lose money while betting. While losing a few bets is ultimately inevitable, you can significantly reduce how much you lose from each bet by properly managing your bankroll.
- How do you manage your bankroll?
- Is bankroll management really that important?
- What are the best practices for managing my bankroll as a beginner?
We’ll be answering these questions and more briefly! Hi there and welcome to another episode from the Betting Tips video series by Sbotop channel. My name’s Joey Paris and I’ll be telling you all you need to know about bankroll management, from what is to the most effective way to manage your bankroll as a beginner.
Your bankroll is the most important asset you have in sports betting, as such, you have to do what you can to ensure that you sustain it and prevent avoidable losses. Learn all you need to know to become a better sports bettor from SBOtop’s Betting Tips Video Series. Forever dedicated to ensuring that you make a smooth and seamless transition into sports betting, each episode will show you the ropes and help you learn all you need to know to start winning big! You don’t want to miss a single episode, so don’t forget to Subscribe to this channel and turn on your notification settings right away. That way, you get an alert the moment our next video goes live! If you’ve done that and Liked this video already, then keep watching!
Being able to manage your bankroll properly isn’t only important because it directly determines how much you can win with your bets. Proper bankroll management helps you deal with losing streaks more rationally and prevent incurring heavy losses. Also, knowing how to handle your bankroll is crucial if you want to avoid developing a gambling addiction.
With That said, How Do You Manage Your Bankroll Effectively?
Many professional bettors typically recommend that you never bet more than 5% of your entire bankroll at a go. A few bettors will suggest that betting just 1% of your bankroll is more than enough since you’re just starting. However, because your bankroll isn’t likely to be too large initially, betting just 1% might not offer the most attractive results. To that end, here are two of the most popular tactics you can employ to manage your bankroll better and still get the most value for your bets.
The Flat Betting Strategy
Regarded as one of the safest and most effective ways of guarding your bankroll, the Flat Model involves you establishing a fixed unit size and betting just that one unit for each game. One thing that makes this strategy so effective is that it doesn’t let your wagering decisions be influenced by factors like your current confidence levels, your betting form, or even the game’s odds! Your betting comfort is what’s most important.
The Percentage Betting Strategy
This system works almost the same way as the Flat Betting strategy with just one key difference. The size of your bankroll directly determines the size of the unit you bet. For example, let’s say you have a bankroll of 500 Ringgit and you want to bet no more than 2.5% of your entire bankroll. That means the first unit size you’ll bet is 12.5 Ringgit. Should you win, that will bring your entire bankroll to 512.5 Ringgit. Now, the next bet you’ll place will be 12.8 Ringgit, which is 2.5% of your new bankroll. What you bet subsequently is directly influenced by what “streak” you’re on, making it easy to protect your bankroll and capitalize on winning streaks.
Other strategies you can adopt to protect your bankroll better include the Confidence model and the Kelly Criterion. If you’d like to learn what these are, just leave us a comment down below!