What is bank management?
The “famous” bankroll management is nothing more than the administration of the stakes, with the aim of not breaking it and not having to make daily contributions, causing you to have a loss. Remembering that our goal within the sports market is the profit and not the emotion.
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What is the ideal value to start a bankroll?
There is no ideal value, it will vary from person to person, the important thing is that the value is not needed when paying the bill at the end of the month. Imagine the pressure of you betting the money you will use to pay for college, and if you lose (which is normal in this market) you won't have the money to pay the bill. In addition to the financial risk, this will attack your emotional, making you an easy prey within this "jungle". However, it also cannot be a value so small that you despise it, causing you to enter any bet, after all, this value doesn't really make a difference. In short, it has to be a value that you don't need, but that you care about.
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What should my goal be?
The sports betting business is a variable income market, and as the name implies, your results will vary within a game, a day, a week or a month. When you bring a goal to your day, and with the progress of the games you don't get closer to that goal, this will mess with your psychological, you will force an entry, which normally you wouldn't do, and from that moment on you leave management and enter a roller coaster of emotion, the high part being the happiness of the big green, which within the management you wouldn't have, and the low part, the feeling of sadness because you failed (maybe even several times).
How much should I bet?
To decide how much to bet, we must divide our bankroll into units, seeking to take a conservative stance. From 40 to 50 units is a good choice. For example, a bankroll of $100 being divided into 50 units results in $2 per unit (stake) or 2% of your bankroll. By adopting this stance, you allow yourself to have a bad month without seriously hurting your bankroll. Remembering that you can divide your unit seeking to enjoy different moments of the same game, without exposing your bankroll too much.
When can I increase my stake?
Before you want to increase your stake, you must ask yourself a question: “Am I being profitable within the management?”. If the answer is yes, then you can increase the value of your unit when you achieve a 20% bankroll increase. For example, I started with a bankroll of $100 and within 3 months I reached a balance of $120 within the management, in this case it is interesting to increase the stake, but it is planned before that. At the beginning of a week, a month or even a season, be careful at this point, you don't want to increase your unit and start having a Bad Run (betting sequence that resulted in losses), because, with the increase in Stake, just as the profit within a bet increases, so does the loss.
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