Bankroll Betting System
"Winners and losers have the same goals. If you want better results, then forget about setting goals. Focus on your system instead." -James Clear, Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones
To actually win money betting on sports in the long run you absolutely must have a good system to manage your bet size and bankroll. Here is one that has worked for us for almost 20 years:
Important Note: Never bet what you can't afford to lose. Your bankroll should be money that will have no impact on your ability to pay your bills or support your family. If you don't have the restraint to only bet with what you can afford to lose please call 1-800-Gambler or visit gamblersanonymous.org/ga/.
- Set your bankroll. An amount you can afford to lose. For some that may be $1,000 and others that may be $100,000. It does not matter what your bankroll is for this system to work.
- Set your unit size or amount you bet per game. With this system you bet 1-5% of your bankroll (1-5 units) per play depending on the confidence in the bet. In very rare occasions a 10 unit play is appropriate, but for the large majority of the time 5% is the upper limit on any 1 play.
- Don't chase. The major reason most people lose money betting on sports is they either have no system or they stray from their system after losing bets. To be a successful sports gambler you must have unwavering discipline and always stick to the system.
- Adjusting your unit size efficiently. When your bankroll increases or decreases by 20% you will be able to maximize hot streaks and minimize skids by adjusting bet size within the system range. This is the way to long term profitability.
- Enjoy! There are easier ways to make money in life, so if you aren't having fun and intrigued by the challenge of making money in sports gambling then you should find another place to invest your energy and time.
And remember, the greatest sports gamblers in the world still lose 40% of their bets.
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