High Wager Sports Picks Bankroll Managament.
What is bankroll management? Bankroll management refers to how you handle your funds while making bets, and it is the most important part of any winning sports betting strategy, so even if you are just looking to add a bit of excitement to this weekend's game, you should know how to manage your bankroll.
Never bet any money you can’t afford to lose. Your bankroll should be completely separated from the money you need for living, paying bills etc. So what size should your bankroll have? It all depends on your comfort level, financial situation and how often you plan to bet.
Once you have decided on a bankroll amount the next step is to determine your bet size, meaning what percentage of your bankroll you will bet on any one event.
So, what is the right amount to bet? Well, here are the general rules of thumb:
If you want to play it safe, your bets should be 1-2% of your bankroll per single bet.
If you are feeling confident and would like to bet a little more aggressive, your bets should be 3% of your bankroll.
If you are extra confident in your sports betting knowledge and skills, then it’s possible that you could increase your unit size to between 4-5% of your total bankroll.
For beginners we recommend staying between 1-3% of your bankroll. This allows you to stay disciplined in your sports betting while you hone your skills finding value.
1. Determine Bankroll
2. Determine Unit Size
3. Always Straight Bet
4. Never chase a loss
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