Solo Prediction Weekend
Paris SG – Montpellier
Tip: 1 Odds: 1.30 Result: 3:0
FCSB – FC Voluntari
Tip: 1 Odds: 1.20 Result: 2:1
Morocco – Rwanda
Tip: 1 Odds: 1.30 Result: 0:0
Why Bankroll Management Is Important
All right, so we’ve told you that bankroll management is important. It would seem only proper for us to tell you why it matters so much. What are the three things that you need to make a sports bet? You need a pick on who you think is going to win, you need somewhere to place that bet, and you need…money. If you have blown through all of your money, what good are the other two?
Bankroll management is a system of checks and balances that ensure you’ve always got a foot in the game. Without these practices, you’ll end up rocketing through your money in no time, and you’ll be left on the sidelines. But what if you’re the best sports bettor on the planet? Does this apply to you?
It CERTAINLY applies to you. Some of the best sports bettors on the planet (we’re talking elite level) are only winning a few percentage points over break-even. This means that they’re not winning most of their bets, as you might imagine. A lot of them are actually losing more bets than they’re winning, meaning that if they aren’t budgeting their bankroll properly (cough, bankroll management, cough, cough), they won’t have enough money to realize their skill.
For the record, you can have a losing sports betting record and still be making money. If that concept doesn’t make sense to you, you’ve got a long way to go until you’re doing this for a living, but you’re on the right track. If you’re confused or want to learn more about the important difference between ROI and Win/Loss, check out this post now.
Basically, there is going to be some variance in sports betting. No one is perfect, and even the best in the world can lose their first few bets. If you don’t manage your bankroll properly, one bad streak of variance can sideline you permanently.