You should think about the type of investor that you are – aggressive or conservative, experienced or a novice? The answers to these questions will help you to determine the size of your typical bet. This is what we call betting unit size.
Typically we recommend that a sports gambler should bet 1-3% of their bankroll on each bet. More conservative sports investors should bet 1-2% on a play. Professional’s betting unit sizes are normally in the range of 1% .
The most agressive sports investors might want to bet 3 percent on a play. 2% is a good medium and it helps you to withstand a losing streak while helping to build up your investing bankroll. Very aggressive investors might bet up to 5% of their bankroll per bet, but this is too risky for most investors.
Why not 5%?
When betting amounts too large, a bad streak could cut your bankroll in half (maybe even worse). You then might feel like you need to reduce your betting unit size just before the inevitable hot streak. Smaller bet sizes are more prudent and allow you to stick to your approach and stay more disciplined.
Risk Capital and True Bankroll
When we talk about percentages of bankroll, most casual gamblers feel that they are on the high end of the ranges we discuss. This might seem true, but only because the true bankroll for most casual bettors is higher than what they have in their accounts.
For example, many bettors might have $X in their accounts, but are willing to add another $Y if they draw down their account. Professionals already know their full bankroll and need to preserve their capital versus risk of ruin.
Investors, and in this case sports investors, need to understand the level of their true bankroll or risk capital. When investors take a serious look at their finances, they might understand the true level or amount they allocate to sports investing.
This explains that 1-2% of their bankroll is a realistic betting unit size.
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