As you get more experience in handicapping and betting on sports, you will soon learn that no matter how good you play, you can still lose a series of bets in a row, so managing your bankroll is absolutely essential. Here are some basic tips and guidelines.
Do I need more than one sports betting account?
As different sportsbooks will always give different odds on games, it’s necessary for a serious player to open accounts with different operators in order to get the most value for his money. If you have accounts on 6 different sportsbooks, you will have 6 different options when choosing where to place your bet, and naturally you go with the website that gives the best odds.
How much do I bet?
The general guideline here is to never bet more than 2% of your total bankroll in one single game. So if you have a bankroll of €200, your bets should not be higher than €4. The reason for this is that you want to slowly make profit in sports betting, rather than taking huge risks and get rich overnight. For a more in depth guide on how to manage your bankroll in sports betting, as well as great starting bonuses on sportsbooks like Bet 365 or William Hill, try out pronostico quiniela and apuestasdeportivas.pw!
Do I bet more on strong plays?
Generally speaking, you should stick to betting 1 unit (2% of your bankroll) on every game, but if you do have a strong play that have been proven to work over different seasons you can increase your wager size. However, most punters don’t have enough bets to determine whether the play is strong enough from a statistical point of view.
If I am going to bet more on my strong play, how much more do I bet?
Again, we do not recommend you to increase your bet size. The fact that you have a strong feeling about a game is really quite irrelevant unless you have statistical proof that the game is strong enough. If you do decide to increase you wager, do not bet more than 50% more than your usual bet.
How much return can I expect?
If we’re going to be realistic with this, you are not likely to become rich really fast in sports betting. A successful sports punter can expect about a 5% return on his bets, which is a good result over a long period of time. This is done by winning 55% of all your bets and side bets.
Sure, there will always be some people claiming to have a much higher return percentage than 5%, which might be true, but the explanation is usually that they haven’t been betting for a long enough period to give their results any significance. These results usually even themselves out after time, so don’t get too excited about players claiming to be really good, but aim for slow and increasing profits.