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bolaft   Image Posted May.30th, 2023, viewed 68 times

Money Management in Football Betting

It's easy to go bankrupt in betting on football, or any sport for that matter. The tragedy is that most people who do, are doing so due to poor money management rather than bad handicapping. It's an unfortunate fact. It's hard enough to beat the sportsbook without making mistakes in managing your bankroll.

If you lose 50% of your money you will need to double the amount to get it back to where you started. If your fund is $1000, and you lose 50% of it, then the fund would be $500. To get back to the original $1,000 mark, you need to double this $500.

The disciplined bettors will not have a problem with this because they will keep their stakes at the same level and work to restore the fund's value. Psychological issues can often take precedence - the bettor might fear that his fund isn't big enough to cover losses and so he 'logically reduces' the stakes to half of what they were at the beginning.

Now a problem arises. The bettors started out with, e.g. The bettor placed $10 bets, and after '50 losses' his $1000 fund was reduced to $500. He cuts his stake to $5, fearing the worst. The bettor, whose odds are high, now has a winning streak. He recovers his 50-bet deficit. He has only been betting $5. If he wins even money on +100 bets then his fund will recover to $750 ($5 x 50 wagers = $250 + $750 fund = $750). This is still $250 short of his initial $1000.

Make sure your bankroll is large enough. If you're going to have a hard time with a bank of 50 points, make it 100 or even 200.

What would be the impact of smaller percentage gains or losses on your fund? Let's say that your $1000 fund has a 5% gain and then a 5% loss over a short time. The fund is now $1050 after the 5% increase. After a 5% decline, your fund is now $997.50 and you have lost $2.50.

You've probably seen the tips on the internet - "... get my five star lock! "...my blow-out 100 star play ...!" You are tempted to place a bet that is most likely a bad one, but you also risk losing too much money in a single wager. Avoid it.

You can bet flat, e.g. You can bet $10, $100 or any amount you like. Increase or decrease your stakes at milestones such as a season. After each season or after tripling your funds, or after 2000 bets, reassess.

If you're on a winning streak, don't increase your stake after each bet. This will only mean that when the correction occurs, your stakes may be at their highest. It will also take fewer losses to bring you down below the amount you had when you started the streak.

Here is an extreme example of betting too much. You are told to double your money when you win a coin-flip, but you have to bet the entire bankroll on each flip. You will obviously lose all your money on your first losing "flip" no matter how many times you win. Over a long period, the same principle holds true. You will survive at first, but will most likely lose your money if your fund is too small or your stake is too high BOLAFT.

You should be conservative. Control your bets, and only bet what you can afford to lose - particularly if this is your first time. If you ignore this, the bookmaker will take your money and so will other players.

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