One of the most important concepts in sports betting is understanding how to responsibly manage your bankroll. It might sound boring but would you rather be boring or broke? Would you rather be boring or constantly redepositing into your sports books? Sports investing is a conservative long-term approach to profitable sports betting.
The most common mistakes that amateur bettors make stem from losing with a short-term approach. You might get lucky for awhile, but the long-term approach will always win out. Even most long-term bettors will lose over time because they are not using proven winning profitable systems or following proven experts.
Successful sports investors typically restrict their wager sizes to 1-2% of their bankroll. If you want to be a bit more risky you could go as high as 5% of your bankroll. So if your bankroll is $10,000 then at 2% your bet size would be $200 and at 5% it would be $500. When you do this you diversify your risk across many bets as opposed to isolating all your risk to just a few bets. You really should never wager more than 5% of your bankroll on any one wager.
When doing progression systems you might need to adjust accordingly so that you are only risking maximum 5% of your bankroll in the entire progression.
And of course, your bankroll should consist of funds that would not affect your overall financial situation if lost. Don’t be an irresponsible degenerate gambler, be a calculated sports investor.
