Football Betting Online Managing Your Sports Betting Bankroll – Beginners’ Guide Beginners-guide-for-bullion-coins Have you ever placed a bet on football? And have you then seen that bet vanish before your eyes in the 94th minute of extra time when the opposing team’s short, old centre-back scores his first ever goal from a tap in from a corner? We all have. But it is part of the game. You can win lots of money from betting. And you may lose it all, unless you are smart about managing your bankroll. Read on and find out just how the very best keep their bank accounts looking healthy and full of money! In this guide, We will teach you: How to manage your sports betting bankroll How much money place on a single bet All right, ready? Let’s get started!
1. Set up your bankroll What is a betting bankroll you ask? Well, a betting bankroll is how much money you have for betting over a set period of time. Or, let’s put it this way: how much money are you willing to lose over a certain period of time? In betting, you cannot lose more than what you bet. So your total bankroll also equal your total potential loss. Deciding this amount is personal choice. You know yourself, your own finances and your own limits. All right. That was quite simple, right? Onto step 2. 2. How Much Money Will You Place Per Bet? If you have $100 in your hand, it makes no sense to use $100 in one bet. Instead, place a small amount of money, around 3% of your bankroll on a bet. If you have $100 in your hand, place a bet of $3. If you have $200, try placing $6. $300? Try placing $9. And so on. If you’re feeling lucky, place $5 for $100, $10 for $200 etc. But NEVER place more. By only placing 3% of your bankroll each bet, you can place at least 33 bets from your bankroll before running out of money, assuming you lose all 33 bets. And that’s quite unlikely, isn’t it? And how do you find out 3% of your bankroll you ask? Use this simple formula:
All of your money in your bankroll x 3 / 100 = 3% of your bankroll! Now onto the results of your bets. If you win, great! You have more money to place on bets! If you win $10 from your $3 you placed, add this to your bankroll. So you now have $110 on your bankroll, allowing you to place $3.30 on your next bet. And so on. Take a note of the result and, if you can, watch the football game you just won your bet on. Things to look out for include who scored, how the team played throughout the game, who was the best player, how many shots on goal the team had and so on. If it was a narrow 1-0 victory and the winning team had the next Manuel Neuer in goal, would it be wise to risk a little more money and bet upon the loosing team next week? Especially if they play much worse opposition? This is all valuable data you can use at a later date when placing future bets! If you lose your bet? Hard luck, but at least you only lost a small amount of money. In the long run, if you follow this advice you will earn this money back. Of course you can place more money than this on bets, but it is very unlikely you will ever see these funds again. As tempting as it may seem, placing and winning smaller bets to start with will bring you much bigger and better results in the future. So if you place $3 of your $100 on a bet and lose it, next time place 3% of your $97 left, this is $2.91. This will make sure you do not lose all your money in one go! And if you do lose a large sum of money, say $20 of your $100 on one bet, NEVER place that same amount of money on a bet again. It is better to lose a small amount of money on one bet than loose a large amount of money on the same bet. If you follow this key idea, then you will start to see the results for yourself as you slowly gain more and more money!
Well done! Betting football online beginners guide Congratulations – you have learn’t how to manage your betting bankroll! Of course, being smart about managing your bankroll won’t make you instantly a betting genius. But it will help you make better decisions and it will make you overall a smarter bettor. For other guides, visit the Guides section of the website or click here. You should now understand: How to manage your bankroll How much money place on a single bet How managing your bankroll helps your betting We’d love to hear how you go about managing your betting bankroll, so please do leave us a comment about it below. And if there is anything else you are finding difficult to understand with soccer betting online, then do feel free to get in touch.
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