A Guide To Bankroll Management For Sports Bettors
While the flashing lights of the casino floor attract millions, sports betting has exploded into a massive global industry.
Treating your betting funds like a professional investment portfolio is the only way to survive the long, grueling sports season.
The Concept of the 'Unit'
A 'unit' is simply a standard percentage of your total starting bankroll, usually representing exactly 1% or 2%.
By standardizing your bet size, you ensure that a terrible weekend of bad beats doesn't completely destroy your entire bankroll.
Even the best professional sports bettors in the world only win about 55% to 58% of their standard spread betsBecause the win rate of pros is so incredibly tight, proper unit sizing is the only thing generating actual long-term profitAvoid the 'Lock of the Century' mentality; never risk 20% of your bankroll on a single game just because you feel extremely confident
The Importance of ROI and The Juice
To truly manage your bankroll, you must aggressively track every single bet you make in a detailed spreadsheet.
When you bet on a standard point spread, you usually have to risk $110 to win $100 (odds of -110).
Starting BankrollConservative Unit (1%)Aggressive Unit (3%)$500$5.00$15.00$2,000$20.00$60.00
Discipline is boring, but in the world of gambling, discipline is the only thing that actually pays the bills.