Any investment made in sports betting needs to be well managed. It is money that is invested with a goal of multiplying it or making it grow over time. As in any other type of investment, a plan is required to know how to move the money at the right time when it’s really necessary.
In sports betting, investors should have the same care and patience, the investment will grow, but it will take time. This post is intended as a guide for South African punters to learn how Sports Betting Bankroll Management works and how they can make it work for them.
Currently there are certain methods and systems to manage money in betting. Each of these methods has its pros and cons, although there are some that are much better than others. The amount or size of money that will be stake in each sporting event, will depend on the amount of the bankroll to be used during a season or a certain amount of time.
What are the best Sports Betting bankroll management systems?
It all depends on the taste of the punter, if the investment is small, then you will require a bankroll management system that is passive and very careful with money. There are other systems that have a more aggressive approach to betting and the amount of money for each stake is much larger.
A good bankroll management system is aimed at keeping track of the amount and value of each of the bets. The amount that is going to be stake in each sporting event, usually does not exceed 1% to 5% of the total bankroll. Systems that recommend less than 1% -2% are systems with a focus on long-term profits to avoid large losses.
How does Sports Betting bankroll management work?
Within the bankroll money moves in form of units, each of these so-called “units” represents a certain percentage of the bankroll, defined by our bankroll management system. For example, if our limit to bet on each sporting event is only 1%, and our bankroll is R10000 for one season, then each unit will have a value of R100, which is equivalent to 1%. To have a clearer example we do it as follows with 1X2 odds:
Manchester United (1.45) X Liverpool (1.85). If the punter bets two units (R200) on Manchester United to win with 1.45 odds, the prize will be R290 (2.9 units), which translates to the following equation: 2 units (bet) – 2.9 units (prize) = 0.9 units (R90) in winnings.
It is very easy to learn the formula to calculate the amount of units and profits. Another important point is the size of the unit, the size will depend on the confidence that the punter has on the bet in the sporting event. If the punter is backing the team, i.e after reading all the stats and doing the tip research, then the stake can be a full unit or more if necessary.
We advise using Excel or Google Spreadsheets, since with spreadsheets you can keep a more complete record of bets, money invested and everything related to earnings and losses. The spreadsheet formulas help to speed up the process.
Why is Sports Betting bankroll management so important?
It is very important, since it prevents losses in the short and long term. With a control like the one offered by bankroll management systems, punters can make sure they do not lose money and avoid falling into bad streaks. By having a detailed record of the entire investment movement in the sport bets, it is possible to identify the best days, seasons, hours, events, leagues, etc. that are more profitable.
When a punter knows its limits, it does so thanks to bankroll management. Basically bankroll management is a method of self-control for sports betting. With good bankroll management and a reliable tip provider, any punter can make big profits for a full season.
We hope you managed to pick up some advise from our Sports Betting Bankroll Management post and that you use some of the methods described. Best of luck!
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