Bankroll Management Tips for Basketball Betting

Giorgio | Netherlands | Monday March 3 2014, 14:03 | 0 Comments

Bankroll Management

The bankroll management guide on the internet might sound to you just like a broken record since they seem to repeat the same thing over and over again. No matter how good you are at betting on basketball games, in case you are going to start betting outside your current bankroll and not respect the basketball bankroll management tips presented here, it’s going to be only a matter of time before you will get bankrupt.

One of the very first things that you have to take into consideration for a good bankroll management while betting on basketball games is to set aside an amount of money for your betting activities and make sure that you can afford to lose this money with absolutely no interference to your current lifestyle. You should never start betting money that you can’t afford to lose and that are going to make your life worse.

Betting on basketball is going to be very similar to any type of online wagering and gambling activities and this means that you are going to get through some periods when the number of bets won is going to be low and therefore your chances of getting back on your feet without making an additional deposit might get lower too. Overall the thing that you have to be familiar with while betting on basketball is that anything could happen and there is going to be a lot of variance available as you place bets and you must be prepared to fight that with an excellent online basketball betting bankroll management strategy.

The optimum online basketball betting bankroll management strategy

The next thing you have to do in order to make sure that everything is going to be okay is that you only start making bets that are up to 5% of your current bankroll. Even if this might not sound like an excellent and exciting way to place bets in case you have a lower initial bankroll, but this rule is going to be able to keep you safe from the variance and at the same time you will not going to go bankrupt that easily.

What you can do is to have a lot of patience and wait for your bankroll to grow and as it manages to reach some higher amounts of money you will automatically be able to place bets that are worth more money. It’s very important that you are kept safe from the variance and in case you really want to start seeing a real progress then you must definitely take the basketball betting bankroll management rules very serious.

Professional online basketball bettors will use even stricter rules and only bet 2% of their bankroll, but at the same time their bankroll is going to be higher compared to a normal basketball bettor.

Basketball betting can be a very interesting activity and at the same time very profitable. In case you manage to gain an advantage over the rest of the people that are placing bets on a certain team by knowing some secret information, you can easily win a great amount of bets.

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