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Whatever the number is, be consistent and stick with your system. However, this will change on a day to day basis. Potential Return Model The fixed and percentage models take only your bankroll into account when determining a wager. The potential return model is a variable model option that takes odds into account. So with this model, instead of wagering 1 unit to win. This model is taking into account that favorites should win more often, and therefore are less risky, while underdogs will win less often and are inherently riskier.
Confidence Model The confidence model is a variable model that adds a new wrinkle to the equation. This way you can track how accurate your confidence levels are prior to deciding whether or not to go this route.
Lastly, you also have the option of betting a half unit. This would be reserved for when you like a very heavy underdog who is extremely unlikely to win. A very important note: If you choose to begin using confidence levels, then you need to remain disciplined! In fact, if you do go this route, then copy and paste that note into a monthly reminder to keep you honest. It takes everything into account and a little extra. So this last one is more for academic purposes than a recommendation to use this thing anytime soon.
The exact equation will look something like this:. Then the Kelly Criterion Model would give you 0. Many professional sports bettors use a half or quarter Kelly criterion model, where you would use half or a quarter of the suggested bankroll wager.
That is still going to give you more upside than the traditional flat betting or percentage betting models, but it mitigates some of the downside. Tracking your results is extremely important regardless of which bankroll management system you ultimately decide to employ. Knowledge is power, and tracking your results is going to give you the knowledge you need to audit your performance.
Are your confidence levels in line with your results? All of this data can be easily ascertained by tracking your results. So why go through all this trouble? Dealing with losing streaks is extremely tough for even the most seasoned sports bettor. If people have lost during the day, they want to get out of that hole as quickly as possible. This is the definition of a bad process and is a good way to blow through your entire bankroll.
You can feel invincible in those situations, which can lead to poor decision making. This is a very serious topic that deserves your full attention. If you feel that you have a gambling problem, there are plenty of resources to consult. Bankroll management is one of the most important aspects of being a successful sports bettor. It ensures that you are protecting your bankroll over the long term, which is where winning sports bettors will ultimately see profits.
Setting a proper unit size is the first step toward good bankroll management, but there are certain betting methods that will allow you to increase your wager size depending on your confidence level. Finally, make sure to track your results so that you can identify which areas you excel at and where you need to improve.
If you can do all of that successfully — as well as accurately handicap games — your bankroll should steadily increase over time. Sign in. Log into your account. Forgot your password? Password recovery. Recover your password. Get help. Line Movement. NHL Week 4. What we learned. Real Kyper at Noon EP. A stacked Saturday. Super Bowl LV prop betting guide. All in on the Chiefs. Super Bowl LV betting guide. Volkov vs Overeem. UFC Vegas 18 select fight betting preview.
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