If you are new at sports betting or sbobet and trying to figure out how to manage your sports betting bankroll, there are a few little tricks you can adopt to make sure you can do so.
Stick with these things and not only will you maximize your chances of actually winning, but you will also ensure your sports betting bankroll doses not dwindle too fast.
Decide on your sports betting bankroll and stick to it — The big mistake many people make is starting off with a sports betting bankroll and then increasing it when they begin to lose.
The best way to handle your money, however, is to decide on how much your bankroll is going to be for that week and then do not deviate from it.
That means whether you lose all of it or win quite a lot, you should not bet more than the amount you first decided to bet.
Decide on the unit you will bet — The next decision you make is to decide on the unit you will be betting every time you place a bet.
The unit means nothing more than the amount of money, but it is called a unit as it is expected you will bet that same amount every time.
For instance, if you have $500 to bet this week and you decide your units for the week are going to be in $10 increments, this will give you the choice of betting 50 different times over a week as 50 multiplied by 10 is 500.
Do not double up units or put three or four units together for one bet. Instead, only bet that unit you decide upon every time. This will limit the losses you have, and will also allow you to bet for a longer period of time.
Do not chase your losses — One of the biggest mistakes anyone makes when sports betting either online or off is to chase their losses.
This means you are losing more than you expected to, so you start to bet more money to try to recoup the money you have already lost. The problem with this is, in most cases, you will just continue to lose money until you end up spending far more money betting that day than you planned.
Never chase your losses. Instead, as soon as you see that your losses are steeper than you expected, stop betting on the sport you were betting on.
You can decide to stop for the day or move to a different sport. Just do not keep throwing good money after money you have already lost.
Do not increase your stakes when winning — The other mistake many gamblers make is to start winning and so they increase their stakes.
Then the wins turn to losses and they have suddenly lost a lot more money than they expected to.
Manage your sports betting bankroll well, and just keep betting the unit you decided to bet right when you started for the day.