Sports Betting Bankroll Management

Your bankroll is the entire sum of money you have set aside for gambling over a given period.  Put simply, good bankroll management means never letting your gambling budget dry up. As a general rule, gambling experts advise that you never wager more than 2% of your total bankroll on any one bet. Here are some tips to help keep your bankroll.
Avoid Betting Systems
Page after page of bad bankroll management advice exists, most of which suggests that gamblers should increase their bets when they’re winning and decrease them when they’re losing. These betting systems go by different names and some have slightly different features, but they’re all basically the same. The trouble with these betting systems, many of which are sold by touts looking to make a quick profits on novice sports gamblers, is that they depend on the notion of a winning or losing streak. In reality, each of your wagers is independent from the one before; adjusting your wagers has no impact on the outcome of games you bet on. Instead of increasing your bets when you win and decreasing when you lose, it’s much smarter to work out a set percentage of your bankroll as a maximum wager.
Determine Your Reason for Betting on Sports
So how do you determine how much your maximum bet is? The answer depends on your reason for placing sports bets. Different bettors are looking to accomplish different goals – some of us are just looking for cheap entertainment, while other gamblers bet on sports for a living. If you’re placing bets once a week for pure entertainment, betting EUR 100 per game will only set you back about EUR 5 a week if your picks break even; that’s cheaper than going to a movie every week, and if it adds excitement to your sports viewing it’s well worth the cost.
If you’re more serious about wagering on sports, you have to treat your wagers as investments. In this case, you’re basically running a business in which your bankroll is your inventory. In this case, you might set your max wager amount a little higher when you see good opportunities for investment, i.e. good lines on games that you can easily handicap. Figuring out why you’re betting on sports, whether it’s just for fun or as a way to make a living, is a big part of managing your bankroll.
Use Flat Betting to Maintain Profit
Flat betting means placing similar or identical bets on every game that you bet on. Varying your bet size can turn a winning day into a losing one, a situation in which you win more bets than you lose but still lose money. .
Bankroll management is an easy concept to learn but a difficult one to keep in practice. All gamblers have a tendency to want to take a big risk in search of a big payoff, but sticking to a fairly rigid set of rules about your bankroll can keep you from blowing your budget based on a hunch or an emotional wager. Work out your total gambling budget, your max bet size, and stick to the tips above to maintain your bankroll.

soccer predictions, betting advice
soccer predictions, betting advice

Soccerpredictions24.comSoccer Betting Advice, Soccer Tipsters, Soccer Predictions, Soccer Analysis, Betting Info


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