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Money Management

Money Management

TipsterConnection / Jul 15,2015 / FOOTBALL

Choosing your bankroll

The first thing you need to do is to choose your bankroll, or the amount of money that will be used for betting. You should only bet for the money you can afford to lose, thus maybe 500 euros is a good starting bankroll, although this should be entirely up to you. We also recommend using flat stakes, or betting the same amount of money on every game, and this should not be more than 5% of your bankroll. You can recalculate your bankroll after some 15 or 20 bets, especially if it has changed considerably from the start.

Singles are the way to go

While punters tend to be tempted with big winnings that can come from accumulators, our advice is to opt for singles only, since this is the best way to generate consistent profits. Betting on accumulators will be unsuccessful even if you guess four out of five matches on the betting slip right and this type of betting clearly increases the risk of losing your money. On the other hand, if you can guess 3 out of every 5 soccer predictions right, you will be able to make a very good profit in the long term.

Staying true to your betting strategy

Our advice is to always bet on singles, on odds from 1.75 to 2.25 since this gives you the best chance of profit in the long run. If you embark on a winning streak, you might be tempted to bet more than 5% of your bankroll, but that is a common mistake that have cost too many people their money, thus you should never change the betting strategy you have chosen. Winning and losing streaks are inevitable for even the most experience punters but the best way to overcome these is to stay true to your betting strategy.

Opening account at multiple bookies

The advantage of having so many bookmakers in the market is that you can open an account with as many of those as you like. By doing this, you can take advantage of their special bonus offers and free bets, while you will also be able to place the best at the highest price on the market, which is essential for successful betting. The odds on a single game can be higher up to 0.20 at one bookie than another, so why not maximize your winnings when you have the opportunity. Some bookies give better prices on over/under market, while others lead the way when it comes to Asian Handicap betting, so be sure to check this before choosing the bookmakers you will trust your money to.

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