The essential guide to managing your betting bankroll
Bankroll management is the practice of controlling how much you bet relative to your total betting funds. It's the single most important skill for long-term betting success, regardless of your pick accuracy. Even professional bettors experience losing streaks—proper bankroll management ensures you survive these periods and capitalize when variance swings in your favor.
Your betting bankroll should be money you can afford to lose without impacting your daily life. Never bet with rent money, savings, or borrowed funds. A good starting bankroll is an amount that allows for at least 50-100 bets at your chosen unit size, giving you enough runway to weather normal variance.
A 'unit' is your standard bet size, typically 1-5% of your total bankroll. Conservative bettors use 1-2% units, while more aggressive bettors may use 3-5%. Larger unit sizes mean faster growth during winning streaks but also faster depletion during losses. Most successful bettors recommend 1-2% units for beginners.
Flat betting means wagering the same amount on every bet regardless of confidence. Variable staking adjusts bet sizes based on perceived edge or confidence. For beginners, flat betting is recommended as it removes emotion from sizing decisions and provides consistent risk management.
As your bankroll grows or shrinks significantly (±25%), recalculate your unit size. This ensures you're always betting proportionally to your current funds. Growing bankrolls allow for larger bets in absolute terms while maintaining the same risk percentage.
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