Your unit size would be $3 or $30, respectively. If you're starting with $1000, you should risk $30 on every bet. A good medium is 3% per play.įor example, if you're starting with a bankroll of $100, you should risk $3 on every bet. Instead, we suggest embracing a flat-betting approach.įlat betting means betting the same amount on every game (one unit) and only risking 1% to 5% of your bankroll per play, regardless of your confidence level. This strategy is dangerous, unsustainable and one of the quickest ways to bankrupt your bankroll. When they're cold, they'll start chasing with the hopes of winning it all back in one fell swoop. In turn, when they're winning big they'll double down because they're overconfident. If they love a game, they'll bet more on it. One of the most common mistakes new bettors can make is being reckless with their bankrolls. When it comes to being a successful long-term sports bettor, bankroll management can be just as important as picking winners.
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