How to Budget While Sports Betting for a Newbie


How to budget while sports betting for a newbie


New sports bettors often become confused when it comes to budgeting. How much should they budget for a month of betting? How much should they spend on each bet? How do they know when they are budgeting correctly?


Setting your bankroll correctly -- The first thing you must do every month when budgeting for sports betting is to set your bankroll for the upcoming month.


This entails deciding how much money you can afford to lose every month on sports betting. That is the amount that should be put aside for your sports betting bankroll.


Decide on your unit per bet -- A unit in your bankroll is the amount of money you are willing to spend on each bet. That unit could be $5, $10 or higher depending on how much is in your bankroll.


Most professional gamblers recommend newbies never spend more than 3% of their total bankroll on each bet. By doing that, it should allow you to make a sizable number of bets each month.


Tracking bets and their results -- Once you begin to place bets, you should have a system that allows you to track each bet and if it was either a win or lose for you. Alongside this, you should track how much money you won or lost.


Look at this information weekly and then alter the way you are betting depending on if you are winning or losing most bets you place.


You should also be keeping any money you win in a separate bankroll by now, thus always allowing you to walk away with some money at the end of the month. Read on 토토사이트 for more sources.