Bankroll Management | How to Manage Your Sports Betting Bankroll

Bankroll Management

Bankroll management is one of the key fundamentals to seeing success in sports betting. It’s an essential tool that bettors must learn and abide by. This guide will show you how to properly manage your bankroll to ensure you give yourself every chance to maximize profit and avoid going bust.

 

What is a “bankroll”?

A bankroll is money that you can set aside and invest for betting purposes only. Please only invest an amount you can afford.

 

What are “units”?

Units are a simple way of measuring the size of a bet. 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. You can adjust your unit size per event or monthly.

This is an investment strategy pro bettors use because it allows your bankroll to grow faster as you win, while protecting you from downswings and variance. Using this strategy with my bets over the years, I have grown a small amount of money into a bankroll that I invest to earn a full time yearly income. It requires patience and discipline, but this is the only legitimate way to win long term and make an income from betting.

Think of sports betting like the stock market; It will have ups and downs but if you keep putting your money in good positions it will go up over time. You have to stay the course to have long term success.

If you have any further questions regarding bankroll management, feel free to contact me and I’ll be happy to help.