To be successful in betting, you need more than just a winning strategy and risk management. An essential part of betting of any kind is to have bankroll management. In this article, we’ll be explaining everything about the importance of bankroll management in football betting as it allows you to observe all your entries and find out which circumstances bring you the most gains or losses.

Let’s get into it and find out how to manage your bankroll like a pro.

Importance of Bankroll Management in Sports Betting

Bankroll management can be applied in our daily lives. If you’re an adult, you must know the importance of making a monthly budget to track down every income and expense. This is one example of bankroll management. To look at another example, let’s pretend that you are a stock exchange investor. How would you know the overall profit of the assets they’ve bought within the past 12 months? The answer is to monitor them closely.

This also applies to sports betting, where you need to follow the daily movement of your bets and manage your entries. This lets you know if you are indeed making money or losing money.

When it comes to betting, casual bettors who only join for the excitement and hoping for some quick bucks usually don’t see the importance of bankroll management. However, the professional bettors who deeply invest in sports betting take advantage of their money management to keep track of all their entries and look at which market, league or week gets them the most profit or losses.

Bankroll Management for Beginners

A bankroll is a must-have for every bettor. Every bettor has different sized bankrolls where yours may be more or less than others. If you want your bankroll to last longer in betting and make better winning opportunities, you’ll need to apply some strategies to help you manage your bankroll.

One of these strategies is to separate your bankroll from your daily bank account. Secondly, make sure that your bankroll is untouchable and comfortable putting your money and not taking it for an extended period. Figuring out the size of your bankroll is also important and tracking records of your bet to find out how much money you’ve been earning or losing.

Bankroll Management in Sports Betting: The Map to All Your Entries

Controlling your bankroll requires more than recording today’s entry as a success or a red. Indeed, it’s one of the many steps in managing your bankroll. Below are the rest of the steps:

Day of The Week

Knowing which day of the week brings you the most profit or loss can give you insight into being more profitable.

If you’ve noticed that your bets from two months showed the most losses on a Monday, then that’s a good indicator to pick another day of the week to make your bets. On the other hand, if you’ve noticed that your bets are winning on Thursdays, then you can focus on making many entries every Thursday.

Markets or Bet Type

By having a bankroll spreadsheet, you can find out which markets give you the highest profit to the lowest one. You should know your performance in the corners, Asian handicaps, and the over and under markets.

Once you can determine the market that offers the most profit, your chances of maximizing your earnings increase drastically. Of course, you can also figure out which markets are the least effective markets for you.

Championships

Which competitions out of all the championships and leagues have you earned the most profits? Is it in the Premier League? Or perhaps the La Liga? Determining the championship that brings the most profit or loss is a crucial part of your betting strategy.

Countries or Continents

Which country or continent brings you the most wins? You can track down your bets and draw your own “map of greens.” If you have been making a lot of money in Brazil, there is no reason to bet on other countries. However, if Brazil has brought a lot of red in your bets, then you can try out other championships in other countries.

Bankroll Management with Flat Betting

Flat betting offers a simple way to manage your bankroll. It may not offer big rewards, but it lets you stay in the game for longer due to consistent profits and minimize risks. It’s a betting strategy that requires discipline, which involves betting the same amount of money in every bet, regardless of how confident you are.

To start using the flat betting technique, you need to know your bankroll size and divide them into equal units. You should only be risking no more than 5% of your bankroll. The pros usually risk only 1% – 2% of the bankroll, which may seem small, but remember that their bankroll size may be over $100,000 to $500,000, meaning that 1% stake equals up to $5,000 per match.

Banking Management Techniques: Fixed Stake and Variable Stake

Now that you know the basics of bankroll management as part of your sports betting strategy, you also need to understand the basic principles.

The bankroll management spreadsheet can help you track your every move, but you also need to divide your bankroll into units. This can help your money grow consistently in the long term. Instead of putting large chunks or even all of your hard-earned cash for betting, we recommend dividing your bankroll into equal parts, as seen in the example below.

Fixed Stake

Let’s say you have a total bankroll of $1,000. For your bankroll management, you can divide it into two parts:

1.  Aggressive Management - Divide your bankroll into 50 units of $20

2.  Conservative Management - Divide your bankroll into 100 units of $10

These two bankroll management are part of the fixed stakes management. It divides your total bankroll into single units that you can use for betting on one match or market. This lets you have better control of your money and enables you to calculate everything easier.

It is called a fixed stake, as you always have an equal unit and respect the initial amount. In this case, you will appreciate your units for the total amount of $1,000 and you’ll need to adjust your units in case the bank fluctuates in the future.

You can be more aggressive or conservative in fixed stakes, which depends on your strategy and emotional control. For example, aggressive variables stake 5 to 10% of their bankrolls, while conservatives stake 2 to 3%.

Variable Stake

As the name suggests, the variable stake will fluctuate depending on the amount you have. For example, if you still have the $1,000 from your bankroll, and you have won two matches that raised your bankroll to $1,040, you can bet depending on your bet’s variation and unlike fixed units, you can use the percentage to calculate your units.

Variable stakes in sports betting also let you adjust to your latest bets. For example, when you’ve lost 10% of your bankroll in the last bet, you can then bet only 6% on the next one and if you’ve still lost, you can decrease the percentage further and minimize your losses.

How Many Units Should Your Bankroll Split Into?

The answer depends on your personal preference. Some bettors prefer to divide their bankroll into 50 units while others up to 200 or more. If you’re going for a more aggressive approach and are willing to risk more, 50 or fewer units are the way to go. If you’re going for a safer approach, then 100 to 200 units are for you. There is no right or wrong when it comes to bankroll units.

Banking Management Worksheet by APWin

The success of your sports betting journey is in your hands. We hope that our content has given you the basic knowledge and insights in managing your bankroll and lead to more profitable bets.

Now that you understand the importance of having bankroll management for your sports betting career, you can check out APWin’s professional bankroll management worksheet to help you track all your bets. Besides that, we also offer a control panel that provides a complete overview of your bets.

You can monitor all your bets by country, competitions, clubs, days of the week, and markets by accessing your phone, tablet, or computer from anywhere in the world as long as you have an internet connection.

Whenever you need the latest football stats and news, count on APWin!