Sports Betting - How to choose the stake you bet on

Fans of sports betting know that labelling this type of betting as gambling is wrong. Bets are rather a strategy game, and those who have a good plan make money from this.The key element of any sports betting strategy is money management, that is, the correct amount of the bet based on the probability of a bet to win. This probability is represented by odds. When we talk about odds, we do not necessarily refer to those displayed in the offers of online bookmakers. Each person can calculate the odds for the events they are taking into consideration and compare them to those offered by the bookmaker.

The stake is a percentage of the bankroll

The amount you bet on every betting slip must also take into account the bankroll you have. It should be a percentage of the bankroll because that is the only way you can follow a long-term strategy. If the bankroll is bigger, then it is good that the maximum stake does not exceed 5% of it. If you do not want to invest a lot in this hobby and supply your account with less money, you can go to 10% of the bankroll for a bet.The logic is simple. Considering the 10% stake, you have 10 bets if you want to bet equal stakes. You can’t lose them all. Even if you start off on the wrong foot, if you stick to money management, you have the chance to get your money back and make a profit. If you update the reference bankroll after every bet, then we are talking about a bigger number of bets. In addition, we referred to the maximum stake. However, the riskier the match the lower the percentage.

Betting Odds Below 1.20 Are Risky

The stake can be between 1% and 10% of your budget, depending on the betting odds. The advice of experienced specialists is not to bet on odds below 1.20 because football has been and will continue to be surprising like Barcelona - Alaves 1- 2, with Messi, Neymar, and Suarez on the field for the blaugranas. Beyond the money you lose (because you need a big stake to get some profit), you will be mentally affected and you will be tempted not to follow the set strategy. ( The "Easy Money" system is like the pitcher that goes so often to the well, that it is broken at last ) You can win a few times by betting 500 $ ( let’s say ) at odds 1.15, but ruin is just around the corner. You can also try our sports betting tips in our special section provided by expert tipsters !

How much money is enough?

• For odds between 1.20 and 1.60, the tipsters' recommendation is to bet maximum 10%, but only after you have reviewed the match carefully and agreed that the probability of success is reflected fairly in the odds offered by the bookmaker.
• For odds between 1.60 and 2.20, the recommended maximum stake is 7% of the bankroll. Therefore, for a budget of 100 euros, it would be 7 euros. Considering 1.80, the profit would be 5.6 $. It is not much, but this money is added to the bankroll, and the next 7% stake will mean more money, and so on.
• For odds higher than 2.20, it is not recommended not to risk more than 5% of the bankroll. The probability of the bet to win is already low. If you want to make it big and go for the odds from 20.00 to 30.00, it's wise not to bet more than 1% of the budget. There would be 100 bets, of which, it is quite possible that none will win.

Twenty days ago, my initial bankroll was $ 50. Following the limits presented above and updating the bankroll at the end of each day, I now have 300 $ in my account. If you have more time for sports betting online, you can win more than that.