However, it will also provide bettors with a positive Return on Investment (ROI) when doing well. If you're starting with $1,000, every play is risking $30.Ī flat-betting approach will save bettors from going bankrupt when they hit an inevitable tough stretch. A good medium is 3% per play.įor example, if you're starting with $100, every play is risking $3. Instead, we encourage most bettors to embrace a flat-betting approach (unless you have a true, quantifiable edge on some bets).įlat betting means betting the same amount on every game and risking only 1% to 5% of your bankroll per play. When you're cold, never chase and try to win it all back in one fell swoop. When you're hot, never double down and risk more because you're overconfident. One of the worst things bettors can do is change their unit size based on how well or how poorly they're doing. Money management may be the most important discipline needed to be a successful sports bettor. If you're new to betting, here are nine common mistakes to avoid: 1.
The key is staying the course, remaining disciplined and steadily building your bankroll over the course of the long haul. Seasoned bettors know that there will always be ups and downs. If it were, Vegas would go bankrupt and Average Joe bettors would all quit their day jobs and live lavishly as millionaires.
