This guide is designed to assist bettors on understanding bankroll management strategy and ultimately help bettors to increase their long term gains. Commonly this betting strategy is applied to sports betting, but is transferable to other betting opportunities such as poker.
The first step is to split your bankroll from your own personal money in the bank. Have a separate balance exclusively set aside for betting, that way you can stay in control and are only ever betting what you can afford, stick to this and don’t try and win any losses back immediately.
The second step is to divide your bankroll up, we recommend a points based system for all of your bets, We recommend dividing your bankroll into 100 or 200 points, but this is your decision. When placing a bet, each bet we recommend a bet between 1 to 5 points. So for illustration purposes, based on 100 points system, if your bankroll was a total of £250, each point would be worth £2.50. So for example if you bet a horse to win at 5 points, on this illustrated bankroll you would place a bet of £12.50, which is effectively 5% of your total bankroll. This type of points system (lower risk) is designed to keep your bankroll in tact for when you have a string of bad results, which will inevitably happen.
The third step is down to you, do your own research & due diligence prior to making a bet, the large betting sites have many markets to get involved with – the most popular may not be the most profitable, and always look for good value. There are also many betting tipsters out there, some free, some subscription, again, be careful and ensure you still do your own research, many of the “tipsters” are actually losing bettors over the long-term..
The fourth step is to take advantage of increasing your odds or profit at every opportunity. For example, you may want to switch your bankroll regularly to a new betting site, and take advantage of new customer offers. The additional funds and free bets from these opportunities can reduce risk and increase profitability. Also take advantage of sports betting sites special promotions and odd boosts.
Sports Betting Sites:
Sign up bonus £30 Matched Free Bet if your bet loses *New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org
Sign up bonus £50 in Free Bets New users only, deposit between £10 & £50 to get matching free bet, odds boost of 100% and 10 free spins, free bets are 4 equal free bets, 7 day expiry, bets must be 1/2 odds or higher, minimum 2 selections, cash out bets not qualify.
Sign up bonus £10 FREE + Spins 18+, New customer offer; Place first £10 bet on sports with 3 legs at odds of 1.3 or greater per leg; Free Bet and Free Spins credited after the qualifying bet has settled; Free Multiple Bet must contain 3 legs at odds of 1.3 or greater per leg; Free Bet and Free Spin stakes not returned; No wagering requirements on winnings; £200 max win; Further T&C’s apply.
Sign up bonus £40 Money Back 18+. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 35x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Further T&C’s apply