Sports Betting Bankroll Management Tips

In betting parlance, your bankroll is the entire sum of money you have set aside for gambling over a given period. Managing your bankroll is extremely important, and includes details like how much cash you can afford to lay down on each bet, how often and if you should vary the size of your bets, questions about whether or not you should hedge your bets, and basically every financial decision you make about your gambling dollar.

Put simply, good bankroll management means never letting your gambling budget dry up. As a general rule, gambling experts advise that you never wager more than 2% of your total bankroll on any one play.

Any sports bettor that doesn’t practice proper bankroll management techniques is just as likely to go broke as a gambler that doesn’t research or handicap games or one who doesn’t shop around for the best lines. Bankroll management is more than simply quitting while you’re ahead – placing regular sports bets requires as much hard work and forethought as running a business.

After all, the important part of placing sports wagers is your return on investment. A sports bettor’s return on investment is a calculation based on his winning percentage and the amount of money invested overall. In short, all sports bettors, recreational or professional, should work out their ROI based on how many games they wager on and how much they bet per game. Like with any business, understanding the return on your sports betting investment is key to maintaining a profit.

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