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How to manage and grow your sports betting bankroll?

15 March 2020

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  • /Online Betting
  • /How to manage and grow your sports betting bankroll?

Three Ways To Improve Your Sports Betting Bankroll Without A Lot Of Time, Money. and Effort

Let’s first begin with why you need a bankroll in online sports betting and 1XBET. The reason is you are working with a smaller margin. You have to break even; and, to do that, you need to break even by 52-53% with your wins. Keep in mind, the numbers are based on the player using a vigor of 10% or less. The numbers might vary somewhat if your vigor for betting is larger.

I should also point out that beginning players have a hard time winning consistently. They tend to overestimate their wins in the beginning. We need to consider that as well.

 

1)Keep It Simple

This is going to sound crazy, but simplicity wins every time. Set a specific amount every week(an amount you can afford to lose). Use that number every week. It does not matter whether you win or lose. You need to keep the same amount to grow your bankroll.

In other words, you should not use a bankroll of $50 one week and then, $100 the next week. Consistency is the key.

 

2)Your Risk Factor

Some people are comfortable risking a lot of money with one game. Other bettors like to play it close to the vest. The risk tolerance for either party is night and day. You need to determine your risk tolerance before you start.

You cannot compare your choices to Stephanie or Patrick( I have said it a hundred times before, and, I will say it a hundred times more again).

Your instincts are not going to lie. Your body senses things your brain cannot. You should stay with lower betting if you know you cannot handle anything higher. That is one way to improve your bankroll.

 

3)Great Expectations

No. I am not talking about the book(which is a great read, by the way). I am talking about managing your internal and external expectations.

Let’s say, for example, you know the likelihood of winning big(on the current spread) is very low. The last thing you want to do is increase your bets. Betting larger(on a spread that is going to fail) is a great way to lose money.

You could win your first few bets. However, what comes up must come down. You are going to start losing at some point. That is a certified guarantee. Some people start to abandon what got them there in the first place. That is the last thing you should do. It is similar to making it big in the world and forgetting your roots. You need to stay grounded.

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