What is Bankroll Management in Football Betting?
Betting money and making a profit: these elements are crucial when betting on football. For the casual bettor, there is no need to develop an elaborate strategy. But if you want to bet seriously, it is important to manage your money wisely. This can help you stay profitable in the long run. In the world of gambling, they call this ‘bankroll management’.
The term ‘bankroll’ is best known in the online poker world, where it refers to the total number of chips you have as a player. But the term also comes up frequently in football betting. The term ‘bankroll’ is frequently mentioned during discussions about football betting. But what does a bankroll actually mean when betting on football?
What is meant by ‘bankroll’?
When we talk about bankroll when betting on football, we mean the total amount a player has available to bet. So the bankroll represents the entire amount of money you can use to bet. This amount is specifically for betting and is separate from other personal finances or income.
Bankroll Management
Bankroll management simply means being smart and orderly about the money you can bet. By managing your bankroll properly, you avoid going broke quickly. Many gamblers choose to bet only a small part of their total amount on a bet. It is very convenient to base your bets on your bankroll, especially if you use the pie model. This model means that you always bet a percentage of your total bankroll on a football bet. This way, you always have a good overview of your winnings and losses.
By always betting with small percentages, you make sure you don’t lose a large amount in one fell swoop. Keeping track of your total bankroll gives you much more of an overview, so you won’t get into trouble and run out of money quickly. This can prevent you from running out of money in no time. A good understanding of your bankroll, combined with effective bankroll management, will help you bet on football in a better and more structured way. For instance, you can decide to only bet 10% of your total available amount on a bet each time.
Determine your stake
Bankroll is simply put, the total amount you have to gamble with. Whether you want to play with €25 or €250, it doesn’t matter. Your bankroll helps you decide how much to bet per bet. So what is the best approach?
If you want to bet a lot, you can choose to bet smaller amounts. But then again, with low bets, profits often fall short. That would be a shame, especially if you win a lot of bets.
On the other hand, if you bet a large amount in one go, you run the risk of quickly running out of bankroll. That’s not the idea either. Good bankroll management ensures that you spread your money smartly across different bets.
Bankroll management: betting with a fixed percentage
Bankroll management is all about percentages. Besides your bankroll, you determine in advance the maximum percentage you want to bet. Many players choose 5 or 10%. Say you have a bankroll of €250 and you keep a maximum percentage of 10%, which is €25 per bet. With this bankroll, you can place at least 10 bets before you run out of money. This is a smart approach.
If you lose all these bets, you lose your entire bankroll. In short, you are ‘broke’. But if you know a bit about current leagues and tournaments, the chances of losing all those bets are slim. Moreover, by playing with ‘stakes’ or ‘units’, you reduce the chances of going broke.
How do you use stakes?
When you start betting on football matches, you soon come across the terms ‘stakes’ or ‘units’. These are crucial terms for anyone who wants to manage their bankroll properly. Let’s clarify with an example. The maximum percentage of your bankroll you can bet is equal to 10 stakes. With a bankroll of €250, that means those 10 stakes are a maximum stake of €25. So, one stake is €2.50.
Imagine you are betting on a match between Club Brugge and RSC Anderlecht and you are confident that Club Brugge will win. Then, of course, you bet your maximum amount. But if you have doubts about the outcome, it is smarter to be careful with your money. A bet of 6 stakes (or 6 x 2.50 = €15) is then a much better choice. By managing your money this way, you reduce the chances of getting into trouble. And perhaps more importantly, in the long run, it allows your profits to grow steadily.
More smart strategies
Bankroll management is a smart way to allocate your money properly. But there are also other models you can use when gambling. Two popular strategies are the pie model and the Return on Investment (ROI) principle. The pie model is a lot like bankroll management. You divide the amount you want to bet into 10 equal parts. For each bet, you use one or more of those parts, depending on the probability of winning.
Like bankroll management, the pie model also requires you to estimate your odds before dividing your money. The ROI principle is a useful method to see what your win rate is on previous bets. This will give you a quick insight into whether you are doing well.
Learn how to maximise your winnings
Want to discover more about maximising your winnings with Magic Betting? Then check out our articles on the 79th minute strategy, the pie model, SureBets and ROI!
