Bank Roll Management 101
The main idea behind bankroll management is to allocate and distribute your funds to maximize your chances of long-term success while protecting against significant losses. Here are some key principles:
- 1️⃣ Establish a Bankroll: Determine the maximum amount of money you are willing to risk. You can afford to lose this amount without negatively impacting your financial stability.
- 2️⃣ Set Betting Unit Sizes: Divide your bankroll into smaller units, typically between 1% and 5% of your total funds. This ensures you don't put too much money at stake on a single bet or investment.
- 3️⃣ Determine the Risk Tolerance: Assess your personal comfort level with risk.
- 4️⃣ Select Appropriate Betting Sizes: This ensures that no single loss significantly impacts your bankroll.
- 5️⃣ Avoid Chasing Losses: Stick to your predetermined unit sizes and stay disciplined.
- 6️⃣ Monitor and Adjust: Regularly review and assess your bankroll management strategy.
Sports Betting Bankroll Calculator
Enter your bankroll size and desired unit percentage (1% is recommended).