Basic rules of bankroll management
It is possible to make a few bets and win without using complex strategies, but to become a successful bettor and learn how to earn from betting, it is necessary to delve into all the subtleties of betting. One of the important criteria for successful betting is proper bank management. Without a sound financial approach, no bettor will be able to maintain a confident position over long distances. Money is an important factor.
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Determining the amount
First of all, it is necessary to determine the amount that the player is willing to lose in case of failure. This is essentially the bank. There are no universal methods. All bettors have their own financial capacity, as well as style of play. Conservative players prefer to play carefully, so their amounts will not be large. Some are very fond of excitement, and are ready to allocate decent amounts for their entertainment. But in the game, it is very important to understand that the size of the bank should not threaten the financial well-being of the bettor and his family members.
Once you have decided on the amount of your bankroll, you can safely begin to distribute it. There are several options for financial strategies, which can help to keep away from financial fiasco. Each method has its own positive and negative sides, and each player has the right to choose the best and most appropriate option.
- A rigidly fixed amount. The most accessible and understandable option, which is often used by beginners. The essence is to divide the specified amount by the number of planned bets. The number of bets directly depends on the efficiency. It is recommended for beginners to start with small amounts, until they understand the essence of the game and gain experience.
- A clearly fixed percentage. Its size should not exceed 10%, and for new players it is recommended to use a maximum of 3%. This strategy reduces to a minimum the chances of losing the entire bank. With frequent losses, the betting amount will decrease, so it is impossible to spend the bank quickly. But also the wagering process is long enough, because betting does not bring serious income.
- Fixed profit. In this method, it is not the losses that are planned, but the expected income. This method should not be used by beginners because events can develop rapidly, and the player will follow his emotions, which will lead to a rapid loss of the bank.
- Floating size of the amount. The essence of the method is an individual calculation. If bettors are confident in their strengths and predictions – they can increase the bet, if the positions are shaky – to reduce. Self-control is also important here, so beginners should not be tempted to use it at first.
- Plateau. A fixed rate as a percentage of the total amount of the bank is used. The percentage is determined by the player. It can be either 3% or 10%.
Every successful bettor knows that the main key to success is not only in the proper management of the bank, but also in controlling one’s own emotions. Professionals can clearly control their emotional background, but beginners find it difficult to cope with it.
Professional betting does not forgive uncontrolled betting. To learn how to earn good money on bets, you need a clear calculation and a “cool” head. Otherwise, the player can only get adrenaline from the game, but the profit can be forgotten. Therefore, to maximize results it is recommended to use the system of plateau or fixed percentage. And remember – discipline in the game is above all. Without it, any successful bettor would not reach a high level of the game.