One out of every five dollars wagered on sports wagering today is placed in casinos. The majority of the money that was wagered is returned to the casino, leaving punters (sports gamblers) with empty pockets and broken dreams.
We all want to win, or at the very least minimize our losses. Because it’s a game that requires skill and not luck, sports wagering is different from other casino games. You can become a successful sports gambling pro by learning how to size your bets, manage your bankroll, and research each sport you are betting on.
This article will discuss bankroll management and betting sizing.
Your bankroll is your lifeblood, and it must be kept safe. You can’t participate in the action if your bankroll isn’t protected. It is a good idea to limit the amount of risk you take on when betting on a particular game. A reasonable percentage of your bankroll that offers sufficient protection and still allows you to win large amounts is five percent. If your bankroll is $1500, you should limit your maximum bet to $75.
It is important to remember that your maximum bet should be 5% of your bankroll. If you win a few bets and your bankroll grows to $1,800, do not increase your maximum wager to $90 (5% off $1,800), but instead keep it at $75. This will reduce your variance and protect your bankroll. If your bankroll falls below $1,500, you can continue to subtract 5% from your original $1.500. This will increase your chances of building your roll back up to the original amount.
Professional sports handicapping services will recommend units for bet size. A sports handicapper might recommend placing a 2-unit bet on New York Yankees. You will decide the value of each unit. For the $1,500 bankroll, a good recommendation is $10 per unit. A 2 unit bet would equal $20.
Over the years, there have been many types of betting systems used in casinos. The most popular and easiest is the one with three betting levels. This provides excellent bankroll protection and a great chance of a profitable year regardless of which sport it is.
Your initial wager will be always 2 units ($20 for a $1500 roll). If you lose the bet and need to increase your next wager, it will be 2 units ($20 with a $1,500 roll). Your next bet will be 4 units if this bet was also lost. This is the maximum amount you can place. You lose or win at the four-unit level, and your next bet will revert back to two units. Your next bet will be at the 2 or 3-unit level if you win. If your wager returns more than the amount you bet, you will have three chances to choose a winner.
If you experience a losing streak, where your bankroll drops by 10% or more you can simply double your wagers up to 4, 6, or 8 units. Your bet size will return to the original 2, 3, 4, level once your roll exceeds 90%. This system reduces your variance and allows for you to quickly recover your losses. soi keo vong loai World Cup