You are extremely lucky if you have surplus money to stake on the football bets. But, when there is little money at disposal, should you stop thinking about football betting? The answer is No. With the help of clever thinking and good judgment, you can stay in the game with a short betting bankroll too. Let’s go through the 5 commandments of betting that can help you stay invested in sports betting even with a short betting bankroll.
What is a betting bankroll?
Betting bankroll is the amount you set aside for betting purposes. It helps to restrict the amount spent on betting. Establishing a bankroll makes sense when you maintain financial discipline and stick to it.
It is possible to bet with a short bankroll provided you have learned about betting strategies. Using money judiciously is quite important for a sound bankroll management. So, let’s learn about the strategies and rules that can help to bet with a short betting bankroll.
Betting with a short bankroll – top 5 commandments
Surviving the betting game with a short bankroll is not entirely impossible. Let’s take a look at the most trusted strategies that you can follow to stay in the betting game even with a short bankroll.
- Avail bonuses and promotions: Bookies roll out several bonuses and promotions to keep the punters pulled to their sites. These bonuses do come with some wagering requirements in a few cases. If the wagering requirement is minimal, you can afford to avail the bonus and try your luck.
Various promotional schemes offer free bets too. The punters can make use of free bets to avoid touching the bankroll till late. To know how to make the best use of these bonuses and promotions, you can join betting forums and raise queries. With practice and experience, too, you may learn how to use bonuses and promotions to make up for the short bankroll.
- Keep an eye on successful bets: When you bet on sports, it is a good practice to maintain the betting records. The record helps you find the successful bets from the lot. These successful bets are those where your strategies and luck have worked in your favor. So, include those bets in the betting spree often. The bankroll will grow positively by doing so and will allow you to maximize income from a short bankroll. However, do follow all rules of research and not depend merely on the record of successful bets.
- Select low odds bets: Winning small income consistently is important to stay in the game of betting. The low odds bets are those where the chances of winning are high usually. So, keep bets with low odds in your betting slip always. Apart from the size of the odds, pay attention to all other parameters of the bet. When you select the bet wisely and not merely on your whims and fancies, the chances of winning the bets are appreciably high. So, don’t give in to impulses and keep your bankroll growing with the income from low odds and well-selected bets.
- Bet only 1-5% of your bankroll: Spending 1-5% of the bankroll is the ideal practice for managing the losses amidst the gains. The ideal figure is $50 which is 2% of a $1000 bankroll. Invest this amount in various well-selected bets. Another possible combination is to invest $0.50 per bet. All these possibilities correspond to 1-5% of the bankroll. Thus, by not giving in to the temptation of playing unnecessarily big, you can make the bankroll last longer. It is one of the most disciplined moves and may seem unappealing to enthusiastic bettors, but is certainly worth the try when the bankroll is not too big.
- Consider 5-10% as an alternative: Sometimes, 1-5% of the bankroll comes out to be too small an investment. Some betting sites may have minimum amount criterion which can be more than 1-5% of the investment. In such case, you need to take calculated risk and increase the amount per bet to 5-10% of the bankroll. To make it work, you have to work hard on research and betting strategies. The chances of drying up of bankroll sooner can become high when you bet desperately or with emotions.
How to select the betting site if you have a short bankroll
It does require a considerable amount of shopping when you try to get into the betting game with a short bankroll. A betting site can work for you even with short bankroll if it has the following criterion:
- Allows to practice flat betting: At a betting site that allows 1-5% of the bankroll as minimum investment, you can choose flat betting strategy. In this strategy, you will invest, for example, only $10 per bet. It will allow you to try multiple bets in a day. Thus, your chances of making profit daily are always ripe. As a result, your bankroll will see consistent income.
- Offers multiple venues for betting: Betting only on sports may not prove beneficial if you are facing a losing streak. Thus, to help you have a break from sports betting, the site must offer some casino games with low house advantage. Slot games is one such option that helps the bettors spend good time and win money randomly.
- Promotes responsible gambling: Sites that offer restrictions on betting amount can be of great help when you want to try your luck with a short bankroll. Since there will be a cap on spending, the bettors will maintain financial discipline and will not overspend even if attempted to do so.
To sum up,
Bankroll management is the backbone of a successful sports betting career. It allows you to use the money for long. As a result, you are likely to meet the breakeven point and start making money. When you have made ample profits, you can choose to be a bit frivolous but taking caution is always necessary. To ensure that you are not overspending, make it a point to track your performance and stick to the spending limit. You can also take help of odds tracker available at footballtipster.net to find value bets and increase chance of winning.