One of the biggest challenges sports bettors face when it comes to money management is determining the appropriate bet size. While the majority of bettors focus on picking winners a lot more than they do on the amount they risk and the amount they can potential win on every single wager they make the right bet size is determined by a lot of different factors, and is different for every bettor.
The first stake betting method is to bet everything all of the time. The advantage to doing this is that you win big on every return. However, the downside is pretty obvious as all it takes is one loss to go bankrupt. The second strategy is called the Fixed Wager strategy. This requires betting a fixed amount for each bet and don’t vary no matter how much you win. For example, if you made two bets including one on an underdog at +200 and one on a favorite at -150 then your wager amount should stay exactly the same even despite the potential payout differences. $50 on the underdog would result on a profit of $100 if it hits while the favorite would result in a profit of just $25 if it hits. That is a substantial difference but it does help to keep a steady risk amount that is easy to track. Neither of those methods is very good so it makes sense to look elsewhere for a better strategy.
The lower your expected win percentage on a bet, the longer your potential losing streaks can be expected to be, and the more units you need to have at your disposal to weather that losing streak without going broke. If you bet parlays, then, you’ll likely want to use a smaller bet size than you would if you like to bet favorites that win more often.
One of the best stake betting methods available is known as the Martingale system. The Martingale system requires bettors to double their stakes after a failed bet in order to cover their losses with the winnings of their next bet. This gives a quicker increase than fixed wagers and it works if you have the money to cover your losses. The best approach to the Martingale system is having a deep payroll that can afford to take the hits of potential losses and having a good strategy for picking winners. If you hit on anywhere higher than 55-percent of your picks, you should be able to guarantee a substantial profit wagering with the Martingale system.
There are other systems out there including the Fibonacci system and Proportional Betting but neither of those strategies is as smart as rolling with the Martingale system. It’s important to go over the numbers and keep track of them for your own records in order to evaluate how your system is working and make sure it is resulting in a substantial profit. Heritagesports