A Guide To Bankroll Management For Sports Bettors
While the flashing lights of the casino floor attract millions, sports betting has exploded into a massive global industry.
You can be the greatest sports analyst in the world, capable of predicting upsets perfectly, and still go completely broke.
Why Professional Bettors Use Units
A 'unit' is simply a standard percentage of your total starting bankroll, usually representing exactly 1% or 2%.
If your total betting bankroll for the NFL season is $1,000, then one unit (1%) is exactly $10.
Even the best professional sports bettors in the world only win about 55% to 58% of their standard spread betsBecause the win rate of pros is so incredibly tight, proper unit sizing is the only thing generating actual long-term profitAvoid the 'Lock of the Century' mentality; never risk 20% of your bankroll on a single game just because you feel extremely confident
The Importance of ROI and The Juice
Tracking your bets reveals your true Return on Investment (ROI) and highlights exactly which sports or bet types are draining your funds.
Furthermore, bankroll management requires a deep understanding of the 'vig' or the 'juice' charged by the sportsbook.
Starting BankrollConservative Unit (1%)Aggressive Unit (3%)$500$5.00$15.00$2,000$20.00$60.00
Discipline is boring, but in the world of gambling, discipline is the only thing that actually pays the bills.