Many betting experts agree on this: as a tipster, you need a pre-determined bankroll and a disciplined approach when it comes to placing bets. This way, you can minimize losses in sports betting and keep an overview of your own finances. Without good and strategic bankroll management, you will always fail in sports betting in the long term, even if you make correct predictions.
However, many bettors find this basic bet very complicated. In reality, it is not like that at all: in principle, it is a very simple strategy that does not require advanced mathematical knowledge. In this article, I will give you tips with which you can set your bankroll easily and without stress.
Get into sports betting with flat bets
Flat bets are bets that are the same. Each of them is a certain percentage of the total betting budget, e.g. 2% or 5%. Bankroll with flat stakes has many disadvantages, but also one decisive advantage: you can’t go wrong with such a low-risk strategy. If you are a beginner and do not yet have a good understanding of bankroll management, start by placing a fixed flat bet.
Only after a certain period of time and after the first 15-20 bets is it advisable to use other strategies. Don’t make your life too complicated! Alternatively, you can choose dynamic bets: the stake remains fixed, but the actual bankroll is used for the bankroll.
Evaluate the probability of winning the bet with staking units
If you are ready to define bets differently than with the flat system, learn about staking units. They can be used to easily evaluate a bet according to risk and probability of winning. It is about evaluating a bet with 1/3, 2/3 or 3/3. 3/3 is the bet with a high probability of winning, 1/3 with a low one. And you should set a unit (amount) that corresponds to 1/3 of value.
If the unit is 50 euros, for example, then the stake for a good 3/3 sports bet is 50 * 3 = 150 euros. In principle, a unit is the same as a flat stake in a bankroll management system with flat stakes. As you can see, the system is very understandable. It is important that you do not set a staking unit that is too high. I recommend that you have a 30x-50x the maximum stake per bet as your betting budget.
Always have yourself under control
It is actually the most important rule for good bankroll management, but many forget it. Money management is not about numbers and formulas, but about a disciplined approach when the bettor sticks to specific instructions. If you do not have yourself under control, money management usually does not work. So as a tipster you simply have to learn to always keep a cool head and accept losses calmly.
You never have to make betting decisions emotionally. If you notice that you are overwhelmed, take a break. Even for a longer period of time. If you can really put emotions aside, then you have a better chance of winning when betting on sports. And beware of the gambler’s fallacy: a streak of luck can also be followed by a streak of bad luck.