Bankroll control in sports betting

Introduction

In order to be successful in the world of sports betting, we need to be able to have a good bankroll control or our banking. We have already said in previous articles that it is optimal to predefine a strategy when betting.

We will now take a look at the steps to be taken to control our capital in order to avoid possible losses that could jeopardise our game in the short and medium term.

Starting bank and stake per bet

The initial bankroll we start with in our account at a certain bookmaker should condition us when we opt for one stake or another. In this way, we should try not to deviate from the strategy that we set for a certain amount of initial capital.

Our recommendation for beginners and average users is to never exceed 10% of our initial bankroll on any bet we place. This way we will never compromise our bankroll with excessive bets that will cause us to have to make a new deposit.

If we take an example in which we deposit €200 in a certain bookmaker, the stakes that we will use to monetise our predictions cannot exceed the amount of €20. In this way we will have to lose 10 bets in a row to have to make a deposit again.

Customise the stake for each type of bet

As we already know, bets can be measured by their degree of difficulty. Thus, some of them will be much less likely to happen than others. Most of the time, although not always, as it depends on other factors, these bets can be identified by the odds the bookmaker pays for that outcome.

That said, we will have to classify these bets by degree of difficulty and customise a stake for each type. In this way we will have a margin to bet on never exceeding 10%.

In the previous example we saw that we had a starting capital of €200, which allowed us to place maximum bets of €20. If we continue with this example we can create minimum and maximum stake ranges for certain levels of difficulty:

• Level 1: bets that are possible but are difficult to place. Here we will take stakes between €1 and €4 maximum.
• Level 2: Bets that are quite likely to happen. Stakes between €5 and €9 maximum.
• Level 3Bets with a high probability of success. Stakes between €10 and €15 maximum.
• Level 4Bets that happen in most cases. Stakes between €16 and €20 maximum.

And what do we achieve with this strategy? The first thing is to keep a more precise control of our bankingWe also have pre-set stakes to avoid impulsive bets that can spoil our game.

Keeping an account of our bets

We all know the importance of keeping accounts for many aspects of life. Not only can large companies benefit from this, but we can also make use of this tool to keep more accurate control of our investments.

We therefore recommend that all those who are new to the world of sports betting use, for example, a ExcelThe accounting system is simple but it will provide us with very valid data to avoid making certain mistakes when we make our sports forecasts.

Conclusion

In today's article we have seen some guidelines to be able to control our bankroll. We have discovered the importance of not betting above a predetermined percentage, and we have also designed a plan to make our predictions depending on the degree of difficulty of each bet.

Finally, we believe it is appropriate to keeping accounts, however simple that will help us in our bankroll management. In future articles, we will delve deeper into some of these tools to control our capital. As always, you can leave your comments with your doubts and suggestions.