Successful sports betting requires smart and solid bankroll management. In this article, we will give you tips on how to master it. If you are ready to get started, download the TonyBet app and apply our tips!
Stick To The Reasonable Wagers
A significant mistake can be called flirting the entire volume of the bankroll at the same time. Let’s say there is a busy day of play ahead. And the bettor puts several dozens of bets, involving in them all the money, remaining with zero in the account. Such a manifestation of financial management has a whole host of problems. First, all more or less experienced bettors are well aware that this field is characterized by cyclical and serial results. Sometimes we face a series of wins, sometimes with losing streaks.
If we use the whole bank at the same time, there is a higher risk of getting all this money mass on a negative streak and significantly losing the deposit. Naturally, the measure against this can be the distribution of the bankroll. Here is a reasonable rule: use no more than 20-30% of the bank at a time. The remaining amount, on the one hand: is a safety cushion, which will protect you from a “losing streak”, on the other hand – it is free money, which can be used for insurance in live betting.
Protect Yourself From Losses
There is such a serious direction in sports betting as insurance betting. Even in the course of matches, in the live mode, the bettor can influence the outcome of bets made beforehand. For example, to play the live fork in the match, which is already in the course of the match with the desired score. So you can go into profit and no longer worry about the outcome of the sporting event. You can also bet on the reverse leverage, relative to the pre-match, even before the changes in the score. This is used when the game is outlined and sees some negative trends that can ruin the original bet.
It happens that the game does not go according to the scenario. The bettor realizes that the initial move was wrong and will lose. Here you can also make a fork to minimize losses, to save at least part of the money. Naturally, all these manipulations with insurance, and forks in live betting, need funds. So part of the existing deposit in the bookmaker’s office must necessarily leave for these purposes.
Adjust Your Sports Betting Practise To The Size Of Your Bankroll
If you have a small starting bankroll and intend to increase this amount by 10 times in two months, you should opt for risky financial management strategies. A financial strategy “flat betting” with a cutoff for one bet at 1% of the bank won’t be a perfect option. It is not difficult to guess that this is an absurd plan. To get such a high profit for the specified time, you will have to either make a lot of bets or use very high odds. A lot of bets are bad from the point of view of the quality of predictions. It will hardly be possible to give an increase at all with such a mass. High odds are also a problem. Stably and in large numbers, bets on large odds are more likely to lead to a drawdown than to a tenfold increase in the bank.
So it turns out that to solve the problem you need to take more risks. There are different options. It is also possible to act as “flat betting”. But at the same time use a larger percentage of the bank. Not 1% per bet, but at least 5%. And that, you will have to give quite a lot of bets per segment, and do not allow even local drawdowns, which, in principle, forgives the scheme with one percent “flat betting”. Or there are options for using financial strategies such as “ladder” and similar. All of this is much riskier than playing an evenly small percentage of the bank, but since this is the goal, all options will be risky. The opposite extreme example is based on the fact that there is a large starting bank.
Set Your Starting Bankroll Smartly
If a sports bettor somewhere finds an unusually large amount of money for himself and decides to be in the game – this is also a huge problem. Since such funds are not accustomed to operating, investing them in betting is bad. This often leads to unjustified risks and loss of money. So, it is more reasonable to collect such a game bank, which is comparable to your income from other sources. Roughly speaking, the bank can have several salaries, but can not be higher than your average monthly income more than 10 times. It is necessary that at any bet the player should realize what and how much of his everyday purchases he could buy with this money. Then the mode of responsibility and greater awareness of what is happening is activated. The process of betting gets a real connection to the economic life of a person, and does not exist somewhere in isolation, only generating losses.
For the same reasons, it is desirable to keep their accounts in bookmaker’s offices in the same currency, which you operate in everyday life. When betting goes into the mode of operating with virtual monetary units, whose value is not felt, there is a risk of losing threads and incurring losses.