At the core of a responsible betting style will always be well-thought-out money management. Proper money management not only prevents huge losses but also gives you the chance to continue betting over longer periods of time, thus improving your online sports betting game. We've prepared a guide with information and tips built around this topic:
What is money management?
Often, we like to bet online websites that can be found here 먹튀검증업체 in the opinion of others and with too much money on a single sporting event compared to the total budget. Moreover, we play "to catch up" and to get rich, without putting fun first.
Well, the concept of "money management" in betting is opposed to such a style of play. The idea is based on efficient management of money spent on sports betting so that the consequences of losses are kept to a minimum. "Money management means a well-thought-out betting plan, not a chaotic gambling style driven by greed, panic or exacerbated euphoria.
What are the advantages of good money management?
If you prefer to bet online, but also want to achieve notable results in the medium and long term, it is advisable to plan your gambling style from the outset, starting with concrete money management.
This way, you will no longer bet haphazardly on random events in sports you don't know very well. You will avoid drastically depleting your betting budget in a short time, without having to manage other money for this entertainment, destined for other needs.
Moreover, good money management will educate you in the shortest possible time, so you will never play "catch-up", never borrow, and never make betting decisions based on spur-of-the-moment feelings.
What does "bankroll" mean?
If you've heard of this concept before and tend to confuse it with the idea of "money management", "bankroll" refers to the amount of money in your account or the "starting bankroll" you have at your disposal.
Based on this value, it is important to find a clear comfort level when betting, in terms of the ratio of stakes placed: initial budget. In other words, "never bet more than you can afford", to approach betting in as responsible a manner as possible.
What is the link between "money management" and "bankroll"?
If your betting bankroll describes a substantial amount, it is recommended to bet at most 5-10% of your account on each bet. If you have a low bankroll, a 20-25% bankroll is ideal for your capital.
There are two key components to these decisions: how much money you have in your account and how much you are willing to risk on each online bet you place. Also, the confidence you have in the event (based on your analysis of the match in question) can influence the percentages discussed above.