Bankroll Management in Sports Betting | How Much Money Should I Bet When Sports Betting?
HTML-код
- Опубликовано: 10 июл 2024
- My Twitter: / jedimodi
In this video, Matt answers the sports betting essential question of "How much money should I be putting on a bet?" It is one of the most common questions asked in the sports betting world, so Matt tackles this one in this sports betting tutorial.
Essentially, this question is asking about bankroll management, a sports betting 101 concept. Your bankroll is the amount of money that you are comfortable betting on sports. This is a number that you have to come up with yourself, as nobody can answer this for you. The most important part is to bet responsibly- your bankroll should be an amount that you are comfortable living without.
Bankroll management is a sports betting for beginners concept asking how should you go about managing your bankroll. This is incredibly important to understand if you want to make money betting on sports.
For starters, the general rule of thumb is one bet should never be more than 5% of your bankroll. That is a bankroll management best practice. Bets you place should be up to 5%, but never more.
One common beginner sports betting strategy is to bet a flat rate on each specific bet you take, but that is not a strategy that Matt recommends. Not every bet is created equal, so it does not make sense to put the same amount of $ on every bet. Some bets are going to be worthy of betting a bunch of money on, while some longshot bets are not.
One betting concept that Matt details is what "units" are in sports betting. Units are used as a way to create a uniform understanding of how much to put on a wager. Instead of using actual dollar figures, instead it makes sense to have a scale that everybody understands. 1 unit = 1% of your bankroll. So, a 5 unit bet is going to have 5% of your bankroll on it.
In terms of understanding how much money, or units, or % of bankroll to actually put on a bet, one method that Matt lives is the Kelly Criterion Method. This is a mathematical formula based on the odds of the bet, plus the win % of the bet, to spit up a % of bankroll to bet. Matt uses this for betting player props.
#SportsBetting #SportsBettingAdvice #SportsBettingTips #SportsBets #FanDuel #FanDuelSportsbook #BettingTips #BettingAdvice 
Развлечения
oddsjam.com/subscribe : 7 day trial of sharp, profitable betting tools.
My Twitter: twitter.com/JediModi
oddsjam.com/JediModi/dashboard
Great video. These slideshow presentations are really informative and easy to understand.
Glad you like them!
Thank you for a very helpful video. How do you calculate your bankroll if you have multiple sportsbooks?
Refreshing to hear your insight without all the oddsjam mumbo jumbo
what about betting on dogs? ie +160 would you bet $100 and cash $160 or bet $62.5 to cash $100?How do you calculated units that way? thanks
$100 to cash $160 mostly
@@JediModihigh I’m new to your channel great info I went to know how much should I place on each bet started with $250 so should it be $10 $20. $30
Do you also do to win 1 unit on plus money odds?
nope, i do risk 1U
How to find win% of bet ? Is there any resource for soccer games?
we have soccer on OddsJam! and the win% of the bet is reflected in the OddsJam no-vig odds
@@JediModi thank you.
How often do you update your bankroll?
personally, not that often. when i first started sports betting i updated it a lot as i was profiting, but not as much anymore
@@JediModi Do you use a calculator for .75 unit?
@@JediModi Do you bet .75 if the odds +200?
What percentage of your bankroll to you put out a day?
i dont have a number, to be honest. I will play up to half my bankroll on a given night, but the most important thing is to unit size properly for the individual bets
@@JediModi Thanks. I’ve been using the Kelly calculator on the site for unit sizing. Appreciate the tip though