Bankroll Management for Horse Racing Or Football Betting

0 Comments

We are sure that Bankroll Management is the most important factor when it comes to successfully winning at gambling. That’s right, it’s more important than picking the winner or picking horses at the right price. The ability to stake the correct amount on any given outcome is the “difference that makes the difference”.

As you may have read or you can certainly glean from our article on Value Betting, the true odds of an event happening and the odds you’re being offered by your bookmaker have to have the right relationship for you to have a bet. A great example would be a bookmaker offering you 2-1 on the toss of a coin. That’s a much better return than the true odds of evens (50/50). If you accepted the bet 10 times you are statistically likely to get 5 heads and 5 tails. If you placed a £10 bet on tails every time you would lose £50 overall when heads comes up but would return £150 when tails came up giving you a nice profit of £50.

Unfortunately, there is a big difference between what should happen statistically and what will happen. It is entirely conceivable that all ten coin tosses will return heads and you’ll lose £100. That’s obviously an awful result when you’re actually statistically ahead! So what’s gone wrong? Put simply, it’s that statistically things work out over the long term. If you could perform this example of 1000 coin tosses it is far more likely that it will end up with 500 tails and 500 heads. So how does bankroll management help you overcome this? Put plainly, bankroll management is the process of staking a reasonable amount of the money you have available for gambling on each bet so that you won’t go broke in the short term.

The first thing to realise is that you must have a bankroll to start with. That’s a dedicated amount put to one side for gambling and you’re not allowed to put the odd £20 in from your pocket. The bankroll is ring-fenced and separate from your daily money. It can be as big or as small as you like but it must not under any circumstances be enough to affect your everyday living.

Once you have determined your bankroll then it’s time to determine how much of it you wish to risk on each bet, 50%, 25%, 1%?

This isn’t an easy question to answer and we really have two options that we look at.

The first may be hard to get used to but we feel it is the best option by far. You are going to bet between 1% and 4% of your bankroll on any single bet dependant on how strongly you feel about it. That means that if you have a bankroll of £100 you are going to be placing bets of between £1 and £4. Sounds exciting huh? Well it’s not but it is sensible and it will allow you to prosper. The reason that this approach does so well is because if you only bet say 2% on each bet then you would have to lose 50 straight bets to go broke and we would suggest that if that’s happening then this isn’t the game for you! On the flip side, because it works on a straight percentage of your bankroll then it can increase things very easily. ฟุตบอลโลก2022 If you started with £100 again and bet 2% on each bet then how much would you have after 100 bets? Well if you win every bet at 3-1, you’d win £6 profit on each bet and win £600 in total, giving a new bankroll of £700 – not bad at all! If however you staked 2% of your bankroll and won all 100 bets at 3-1 you’d have a balance of £2,035.81 – that’s better!

It helps the other way too, if you started to lose then you’d be staking a percentage of the bank balance rather than a fixed amount. By betting £2 each time you would be broke after 50 bets, by betting 2% every time then you’d effectively never go broke.

We strongly recommend this solution.

The second option and one that some professional gamblers swear by is the Kelly formula. This determines your stake determined by the odds of a specific outcome when compared to the odds on offer. The basic Kelly formula is:

Bankroll percentage = ((odds offered x probability) – (1-probability))/odds offered.

Therefore, if you were offered 6/4 on Bolton to beat Manchester United and you believed that the true probability was 50/50 then the formula would look like:

Bankroll percentage = ((2.5 x.50)-(1-.50))/2.5

This gives a bankroll percentage of 30%.

For all of its testimonials we find two main problems with the Kelly formula, the first is that the probability is determined by the bettor and therefore is only as good as the bettors prediction and secondly, 30% we feel is far too much to bet on a single option. Many bettors adjust the Kelly by dividing the final percentage by 25% of 50% to give a smaller percentage and therefore a lower risk. We do have a bankroll solution that includes the Kelly formula but this will be discussed in further articles.

Leave a Reply

Your email address will not be published. Required fields are marked *

Hotmail Outlook Email

Facebook Marketing

สล็อต
마추자 코드
akun demo slot
togel macau
Data SDY
toto hk
togel hongkong
data hk
demo slot thailand
스포츠중계
tiger 138
https://idebusiness.com
toto88
situs toto slot
toto slot
INFINI88

HOKI SLOT

https://pafiselayar.org/

link slot dana

pg soft

poker88
mpo
Madhur Matka 스포츠중계 토토사이트
Poker
สล็อต
สล็อตเว็บตรง
線上娛樂城
สล็อตเว็บตรง
slot online
เว็บสล็อต
สล็อต
สล็อต
เว็บสล็อต
หวยออนไลน์
สล็อตเว็บตรง
slot gacor

Madhur matka

togel online
slot demo
https://swhiv.org/rtp-slot/
togel
keluaran sgp
slot nexus engine
SLOT ONLINE
SBOBET88
먹튀사이트
토토먹튀
สล็อตเว็บใหญ่
Pengeluaran SGP
data hk
data sgp
demo slot
slot demo
Live HK
togel hari ini
pengeluaran sgp

togel hkg slot gacor paling gampang menang
keluaran hk
Togel Hongkong
slot dana rtp slot
data hk
togel hk
pengeluaran sgp
situs slot
judi bola
agen slot gacor
Online Pokies Australia
slot online
rtp live
slot thailand
puja88
IndoVegas
joker388
เว็บตรงสล็อต
PG SLOT
สล็อตแตกง่าย

data hk
Daftar Slot
slot demo pragmatic
สล็อต
togel online
situs slot
แทงบอลออนไลน์
demo slot pragmatic
Matka 420
jili slots
สล็อตออนไลน์
slot gacor hari ini
ssyoutube
Keluaran HK
slot demo
situs slot
slot
slot88
slot88
slot demo gratis pragmatic play no deposit
dewapoker
slot gacor
poker88
slot gacor hari ini
togel deposit pulsa
slot demo
dewapoker
vapeonce.com
cách chơi rồng hổ Kubet
gocengqq
dewapoker
surgawin88
slot
dewabet
juragan koin 99
Nexus Slot Engine
freebet
poker88
poker88
สล็อตpg
網上賭場
poker88
poker88
ankara escort
เว็บสล็อต
สล็อต
Cobra kai jacket
dewapoker
dewapoker
Optical Transceiver
slot88
link slot gacor
Slot Gacor Maxwin
slot online
ole777
daftar poker88
poker88
SBOBET Wap
dewapoker
online casino philippines
สล็อตเว็บตรง
Joker Slot
เว็บสล็อต
poker88
poker88
pg slot
레플리카
Slot303
PGSLOT
slot
agen bola sbobet
พีจีสล็อต
deposit pulsa tanpa potongan
สล็อต
สล็อตเว็บตรง แตกง่าย
cmd368
slot gacor
สล็อตเว็บตรง
สล็อตpg
สล็อต
สล็อต
สล็อตเว็บตรง100%
เว็บสล็อตเว็บตรง
สล็อต pg
體驗金娛樂城

pg slot
สล็อตเว็บตรง
娛樂城
สล็อต pg
เว็บตรง
สล็อต
สล็อตเว็บตรง
สล็อตเว็บตรง
สล็อตเว็บตรง
pg slot
สล็อตเว็บตรง
สมัครสล็อตเว็บตรง
สล็อต
เว็บตรง
สล็อต
สล็อต
slot gacor
สล็อต
situs judi slot
สล็อตเว็บตรง
방콕변마
สล็อต
slot online
JOKER123
togel online
jogos PG Soft
Infini88 Slot
togel sdy
kakek zeus
Daftar Slot Gacor Online
สล็อตโจ็กเกอร์
Nexus Slot
娛樂城推薦
judi slot thailand
Top Software developers in Houston
เว็บแทงบอล ufabet
situs bandar togel
สล็อตเว็บตรง
situs togel resmi
slot gacor deposit 5000
สล็อต
สล็อตเว็บตรง
slot gacor deposit 5000
สล็อต
slot rtp tertinggi hari ini
dewa33
mataslot77
Mesterolone Pills for Sale
สล็อต เว็บตรง ไม่ผ่านเอเย่นต์
สล็อตทรูวอเลท
Proviron AU Legal
สล็อต
สล็อตเว็บตรง
온라인카지노
ufabet
situs slot
mahkotaslot
togel hari ini
melati188
slot gacor
77Skygame Slot Gacor
www.pgslotreview.net/pgslot/luckyneko/
먹튀폴리스
deluna4d