Let's start today with a series of ideas on one of the most important issues when it comes to sports betting: the need to be able to manage your money properly, avoid excessive losses and allow your betting business to be fully sustainable in the long run.
In short, some basic money management strategies that we are sure will be useful to all those who are approaching this sector for the first time with the necessary confidence and the necessary interest to make a great bet on the best bookie at https://asian-bookies.net/best-esports-betting-sites-in-philippines/!
Easy money: a simple strategy for your own money
Let's start with one of the simpler strategies that you can often find on English language websites called "Easy Money". In fact, with this strategy, you certainly will not make "easy money" (but we hope you can! ), but this is at least the first superficial acquaintance that will help you understand how important it is - even before you bet one euro - worry about managing money in your gambling.
Moreover, the strategy in question can be adapted specifically for beginners who have a small budget and a lot of patience in order to steadily increase their capital.
If you want to develop more professionally in this topic, we recommend learning How betting relates to the sports business and how it affects the entire sports industry.
How the Easy Money Strategy Works
As we were able to foresee a few lines ago, the strategy is really very simple and can be a good starting point for analyzing more complex strategies, which we will talk about in the coming days.
To take advantage of this, the first thing you need to do is set a goal and a course of action. That is:
- how much do you expect to win,
- where you want to bet;
- what are the maximum odds you want to choose for your bets.
The next step is to split your bankroll into 6-10 equal amounts to make sure you have a margin of error (which will obviously also depend on the time period you set yourself as a horizon, on the number of bets). what you have).
Let's take an example and imagine that you have a bankroll of 1000 euros and want to start following this strategy with a budget of 100 euros to "try". And besides that you want to bet on very low risk positions that are valued at odds of 1.10 in order to create a winning streak of 10 consecutive profitable positions, committing to reinvest the entire bet, and the winnings received in previous position, for the next.
So a €100 capital invested in 10 consecutive positions worth €1.10 could become €258 at the end of this path. Is this streak over? You can start looking for a new winning streak with €100 capital and use the remaining €158 as you wish!
Limitations of this strategy
It is clear that such a simple strategy has too obvious limits!
For example, you will not miss the fact that you will need a long winning streak to earn money, equal to - in our example - 10 consecutive profitable positions. Of course, you can shape this path to your liking. For example, you can limit your streak to 5 consecutive pay positions instead of 10. Or you can lengthen your streak but bet on the safest bets you can find on the market.
We also do not recommend this strategy to the faint of heart: the mind, if unprepared, can play a joke when it feels the pressure build up due to the fact that at some point the bet can become 10 or 20 times more than the bet. starting rate. !
It is true that although this money management betting strategy will always require you to increase your bets, the risk of losing your capital will still be equal to the original bet, since the bet amount will include the previous and no further winnings. parts of your starting bankroll.
Good luck bidding!