The key to successful football betting
November 2nd, 2011 by EditorMoney management is one of the most important aspects to being a successful football punter. There are many good football punters who can pick a high number of winning selections yet they fail to make high profits because they don’t have a good staking plan.
For example, if you select 3 teams for the weekend football all at say even money and you have €10 on the first 2 plays and €40 on the 3rd play. What happens if you’re the first 2 plays win, making you a profit of €20, and the last play loses, making you a loss of €40. Essentially, you have picked 2 winners and 1 loser so you would think you would have made a profit but the increased bet size of 400% on the last play has ensured you lost €20 on the weekend. If you start varying bet size, picking more winners than losers does not guarantee a profit.
You need to have a constant bet stake which represents a certain percentage of your betting bank. Let’s look in detail at how a good money management system can make you a successful football punter.
BANKROLL
When starting off sports betting, you need to dedicate a bankroll that you can afford and is separate from your day to day living expenses. This is the money which you will be betting with and using for your battles with the bookmakers, Do not bet with money that you can’t afford to lose. For the sake of this article I am going to take a bankroll of €1000 – you can adjust to whatever suits you.
BANKROLL UNIT BET
Once you have set your bankroll you need to consider how much you are willing to risk on each wager. A 2% of your bankroll is recommended as you need to be able to make your bankroll last in case you go on losing runs. By limiting your bet stake to just 2%, you are in a position to weather a downswing in fortunes.
You have to look at your betting bank as a long term investment and increase your bets at safe intervals.
THE PLAN
The Plan is basic and easy to follow even for first time punters. Start will 2% bets and increase your bets as your bankroll increases, but do it at safe 20% intervals. This will allow you to get well over and beyond any real possibility of going back to the previous level but will also increase your chances of pocketing more profits as your bank grows.
Take note that because we’re am using 2% Bankroll Plays as an example, it would take 10 Units won (2% X 10 = 20%) to reach the next level. That works out to be about 2.33 Units per week if you set a goal of moving up each level monthly. (2.33 X 4.3 weeks)
It is important to note that once you reach a level, you should keep your bets at that level until you reach the next one, either up or down. Do not jump mid-level to the next level and increase yours stakes. We don’t care if you have a lock, don’t do it. Following this money management allows you the real possibility of moving up the levels month after month – lets see what the results would be…
Month Bankroll Unit Bet Units Won
1 1,000 20 10
2 1,200 24 10
3 1,440 29 10
4 1,728 35 10
5 2,074 41 10
6 2,488 50 10
7 2,986 60 10
8 3,583 72 10
9 4,300 86 10
10 5,160 103 10
11 6,192 124 10
12 7,430 149 10
RESULTS
As you can see, by winning 19 Units per month, in one year, your bankroll will grow from just €1,000 to €7,430, yet your overall risk would remain the same, just 2% per wager. By increasing your bets at pre-determined points and keeping your bets on a level footing, you will be giving yourself the chance to be successful and become a long term winning football punter.
Naturally, at some point you will want to stop increasing your bets as you reach your own comfort level. That is when you start withdrawing your money from your betting accounts and spending it on your favourite items – a handbag for the missus.
At this point, all you need to do is to make sure you are getting good advice on what to bet or have a plan to keep yourself as a winning bettor.
Tags: bankroll, money management, successful football punter
Categories: Soccer
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