Do you know what a bankroll is in sports betting? It is a certain amount of money that you want to spend on current and future bets within a certain period of time (for example, a month). It doesn’t matter whether you place your bets at a casino or an online bookmaker. Of course, when betting on gambling platforms, you have many more options for bankroll management than when you go to a casino. But it doesn’t really matter.

So, what about the bankroll? Actually, bankroll management is the basis of sports betting. So it’s no coincidence that all betting strategies start with financial planning or bankroll management. Without it, the game is only possible on credit, which is impractical or far from reality. What does the lack of understanding of the bankroll as a phenomenon lead to? The likely result is the loss of money. Irresponsible handling of turnover puts a stamp on the financial strategy. And this is the collapse of the system of distribution, counting and other things. In this article I will discuss what a bankroll actually means and how to set the bankroll.

What Is A Bankroll?

When it comes to betting on various sports, the bettor sets a certain bankroll, or a certain amount of money. This sum should not be thought up simply on a whim. Experienced bettors calculate the bankroll by taking into account their own expenses, financial situation and possible winnings.

A bankroll is not comparable to a financial account where money lies around for interest. It is constantly involved in various bets on sporting events. On the one hand, the risk is significantly increased, which directly depends on the bettor’s skills, on the other hand, the profit is significantly increased. If you can invest money in a regular bank at 7% per year, and with a little luck, then with sports betting you can get +10% monthly if you follow simple rules and recommendations. But you need to think of it not as entertainment, but as a job, as a business.

Calculating the perfect bankroll: how to set it?

After we have explained the term to some extent, you will probably ask yourself how high a bankroll should be. Actually, there is no exact answer to this question. The amount of starting capital of a player depends on his inputs and expenses.

Someone can afford to bet 500 euros a month on sports, and another bettor can spend a maximum of 50 euros per month on sports betting. In the course of the game, the bettor works with percentages where the specific amount is not important. However, it is necessary to understand that the percentage of winning depends on it. But ideally your bankroll should be a maximum of 1-5% of your net income. Sometimes it makes sense to set a bankroll of 10% of your monthly income, but it is more applicable to experienced bettors. And it is always better to increase a bankroll later than to set it too high and then lose too much money.

Fixed Bankroll Vs. Dynamically Changing Bankroll: Which Approach Is Better?

For beginners, I recommend betting on a fixed bankroll first. Only when you feel confident in betting on sports and have gained some knowledge about sports betting, you can think about whether you might need to increase your bankroll. In general, however, the choice of bankroll is a very crucial thing. Without proper bankroll management, it will hardly be possible to bet on sports. The bankroll requires the owner’s constant attention. The attitude towards it symbolizes the bettor’s general attitude to betting. If you approach bankroll management irresponsibly, you will hardly be successful in betting on sports.