Whether you are a sports betting novice or a grizzled veteran, a disciplined bankroll management system is an absolute must to survive the inevitable ups and downs of long-term wagering. Bet Wizard can be used with just about any bankroll management system based on a solid mathematical foundation. However, this is the system we use and recommend to all Bet Wizard users and sports bettors.
The “Plateau” Bankroll Management System
Step 1 – Establish a starting bankroll. Remember, scared money never wins, so only start with an amount you are comfortable with.
Step 2 – Divide your starting bankroll by 100 to establish your initial unit amount.
Step 3 – Risk 1 unit on bets with (+) vigs, and Risk to Win 1 unit on bets with (-) vigs
Example – If your unit amount is $100 and you are looking to bet a +250 money line underdog, you should risk $100 (to win $250). If you are looking to bet an ATS line such as -3.5 -110, then you would risk $110 to win $100 on the -3.5 line.
Step 4 – Each time your starting bankroll has grown by 25% or more, divide the new bankroll amount by 100 to establish a new unit amount.
Example – If your starting bankroll was $10,000, then establish a new unit size when your bankroll has reached $12,500 or more, or $7,500 or less.
Step 5 – Repeat Steps 3-4.
CrushSportsBetting.com provides exclusive DIY pick tracking software that combines personalized analytics and automation to help sports bettors discover and bet their strengths. Sound interesting? Create a free account and get started today!