Sports Bankroll Management

Bankroll management is important in all areas of gambling. Players utilizing poor bankroll management skills are doomed from the start. There are cases in which they will get extremely lucky, but as sports betting is a skill, you really shouldn't risk your bankroll on hoping to “get lucky”. For recreational bettors who aren't concerned about long term profits you won't need to take any of this advice on board, but if you are looking to make money through placing sports bets you definitely should not overlook the difficult art of correct bankroll management.

The higher the bets are in proportion to your bankroll the higher the risk you are taking. If you have a £200 bankroll and are betting £20 on an outcome, you are wagering 10% of your bankroll which is far to large. Within 10 losing bets you won't have a bankroll left. To be safe I would recommend betting no more then 2% of your bankroll on any outcome, although personally I opt to place no more then 1% of my bankroll on any bet I place.

When choosing what % to wager, you should take a closer look at what you bet on. If you bet on single outcomes, such as a football result or a team winning you could safely risk more then you would on say a 5 team accumulator (assuming the accumulator has a small chance of winning then the single result). Because the chances of winning will usually be lower on the accumulator it is more likely you'll place more bets without winning.

When you are starting out if you want any chance of becoming a consistent winner you shouldn't be wagering to much, and when you do lose you shouldn't proceed to bet more on your next bet to try and re-coup your previous loss. Players doing this are doomed to be another addition to the 95% of long term losing gamblers.