How To Manage Your Bankroll
What is a “bankroll”?
A bankroll is money that you can set aside and invest for betting purposes only. Only invest an amount you can afford and that doesn’t affect your other bills/finances.
What are “units”?
Units are a simple way of measuring the size of a bet, used by pro bettors. 1 unit = 1% of your bankroll. So if you have a bankroll of $10,000, a 1 unit bet would be $100, a 5 unit bet would be $500, and so on.
Compound Interest and how it works
As your bankroll grows, so will your unit size. For example, if you win $500 on an event and your bankroll increases to $10,500, 1 unit will now be $105 for you as that is now 1% of your bankroll. The same applies if you lose an event, you will decrease your unit size. It’s up to you whether you adjust your unit size weekly or monthly. Personally, I adjust it weekly.
This is called compound interest. It is an investment strategy many pro bettors use as it allows your bankroll to grow faster as you win, as well as protect you from downswings and variance. Using this strategy with my bets over the years, I have grown a small amount of money into a large bankroll that I invest to earn a full time income every year. It requires patience and discipline, but this is the ONLY legitimate way to win long term and make an income from betting.
Use this strategy, tail my bets over the long term and your bankroll will grow every year. It’s that simple!