How To Manage Your Sports Betting Bankroll
Many people believe that the key to successful sports betting is picking winners. While that certainly helps, the truth is that the real key to winning is managing your bankroll correctly. After all, even the best handicappers in the world go through losing streaks. The key is to weather those losing streaks and come out on the other side ahead of the game. In this blog post, we’ll give you some ideas on how to do just that at tmtplay login.
The first thing you should do is figure out how much money you’re willing to risk on each bet. This number is known as your “unit size.” A general rule of thumb is that your unit size should be 1% of your total bankroll. For example, if you’re starting with a bankroll of $1,000, your unit size would be $10.
Once you’ve figured out your unit size, it’s time to start making bets. But here’s the important part: you can only bet what you can afford to lose. If you only have $100 in your bankroll, then you can only bet $1 per unit. It’s important to stick to this rule; otherwise, you’ll quickly find yourself going broke.
It’s also critical to remember that sports betting is a marathon, not a sprint. Just because you lose a few bets doesn’t mean you should abandon your strategy and start doubling down in an attempt to recoup your losses. That’s a surefire way to go broke. Instead, stick to your guns and ride out the losing streak. Remember, even the best handicappers in the world go through periods where they lose more bets than they win.
Conclusion:
Managing your bankroll correctly is essential if you want to be a successful sports bettor. Stick to 1% units, only bet what you can afford to lose, and don’t chase losses—these are three key tenets that will help you stay in the black over the long haul.