Good money management in sports betting is the secret of many successful players. In this guide you will find out how you can keep control of your finances and determine the right stakes for your bets. We will also introduce you to the best betting providers for bankroll management when betting.
In order to be on the winning track with sports betting in the long term, two things are crucial. First of all, a great deal of sports knowledge is advantageous. This means you can use the odds advantageously if your own assessment differs from that of the non GamStop betting site. However, great knowledge of sports does not mean profitable betting.
This is where the second point comes in – the right sports betting money management (also known as bankroll management betting). This means having control over finances and stakes. The big goal is to maximize profits and keep losses as low as possible. The aim is to achieve the highest possible return on investment (ROI) through disciplined and strategic betting behavior.
Instructions for Controlling Finances at Non GamStop Bookmakers
After we have explained the term bankroll management sports betting to you, in this chapter we will now introduce you to the individual steps for profitable bets. The first step is to find the best non GamStop bookmaker.
A lucrative bonus for new customers ensures additional money in the account. Regular bonus promotions and high odds are the best prerequisites for profitable bets.
The next step is to choose the money management betting strategy that suits you best. You will find the individual strategies explained in more detail in the next sections. Afterwards, the focus is on discipline. It is important to stick exactly to the chosen method.
Now you can study the non GamStop betting sites’ odds in order to find value bets that promise the highest possible returns. This is the case if you assume a higher probability of a bet being received than the sports betting provider. With the right choice of stakes, your chances of long-term winnings are extremely good.
The Best Strategies for Sports Betting Money Management at Non GamStop Bookmakers
What do the best money management sports betting strategies actually look like? Whether Bundesliga sports betting, Champions League betting or betting on the Premier League – you can use the variants for all your football sports betting. Of course, the stake control also works for all other sports.
The simplest system for money management bets are fixed stakes. The method is also known as flat stakes sports betting. From your set starting capital, you determine a certain percentage that will be placed on each selected bet in the future. As a rule, it is usually 1-2% of your total budget.
Even if you have a bad streak of losing several sports bets in a row, this system does not lead to a total loss. Betting on events with odds of 2.0 means a profit with this strategy if you predict more bets correctly than incorrectly.
Example: You set €500 as your starting capital and each stake corresponds to 2% of your budget. So the stake for each of your sports bets is €10. Assuming an odds of 2.0 for each tip, this means a net gain of €200 with 60 correct and 40 incorrect bets.
Money Management With Units at Non GamStop Bookmakers
Bankroll management for bets with the unit system involves variable stakes. The prerequisite for this is a rating scale from 1 to 10, according to which the security or value of the bet is determined. Each unit corresponds to a fixed stake amount.
The top unit (10/10) should be a maximum of 10% of the starting budget. As a result, 9/10 units correspond to 9% of the starting capital and so on up to 1% for 1/10 units. The safer a bet appears to you or the greater the value of the prediction, the higher the units you will bet will be.
Example: For a starting capital of €500, 10/10 units correspond to €50 and 1/10 units correspond to €5 stake. For a bet that you estimate to have an average rating of 6/10 units, you have to pay 6% of the budget, i.e. €30.
Betting With the Kelly Method
The Kelly strategy is only suitable for sports betting fans with a lot of experience. It is an extremely sophisticated method of maximizing profits when betting. Essentially, it’s about finding the ideal stake based on your own probability of winning a bet.
This is achieved using the so-called Kelly formula. This is: Stake = betting budget x [(probability x odds) -1] / (odds – 1). To specify the probability, you determine the probability of the event occurring based on your research. For a 60% assumption, enter 0.6 into the formula.
Example: The odds of 2.0 are for a win by Bayern Munich. However, you don’t assume a 50% chance of winning like the bookmaker, but 60%. With a budget of €500, you calculate the stake using the Kelly formula as follows: 500 x [(0.6 x 2.0) -1] / (2.0 – 1). Your suggested stake is therefore €100.
