Your bankroll must be protected at all costs, a good bankroll will help you get through the ups and downs of sports betting.
You need to think about sports betting the same way you would about investing in the stock market…in any form of investing, you need to have a “cushion” to ride out the ups and downs of a market that goes up and down from natural form. during any given cycle.
I recommend betting NO MORE than 5% of your bankroll on any one game, period. I have found that the best way to protect your bankroll is to gradually increase or decrease the amount you will bet based on the “Bankroll Percentage”.
For example, let’s say you have a starting budget of $5000, this should be an amount set aside and dedicated to nothing but sports betting, don’t fall into the trap of the ordinary “Joe Public” type of player who doesn’t start the season with a “Dedicated Startup Fund” and instead find yourself deep in your mortgage, rent payment or car payment and before long you end up playing “Scared Money” because you know you can’t afford to lose, this guy! player usually ends up digging a hole for himself that he can’t get out of!
Using the “Bank Percentage” concept I mentioned, a top play pick would be 5% of your starting bankroll, in our example let’s say it’s $5000, so 5% of $5000 is $250.00, a medium play would be 3% of your starting bankroll, but most plays should fall into “Regular” or small pick status at just 1% of your starting bankroll.
Each week your starting balance would be different due to how you did the previous week, therefore each week your bet amounts based on 5%, 3% and 1% of the balance would be different.
So I would recommend using a “flat bet” system, which means you bet the same amount on each contest, but it’s still based on bankroll percentage and automatically adjusts each week based on your new starting bankroll.
Or use the incremental system of 5%, 3%, 1%, to bet different amounts on different games, but keep in mind that the maximum bet is still only 5% of your bankroll… remember this simple rule of thumb and you’ll will keep you out of trouble my friend!!
Using either system, as I’ve described, will keep your funds safe and sound through the ups and downs of a long season.