Video Summary

In the world of sports betting, managing your bankroll is crucial to avoiding financial ruin and maximizing your profits. A bankroll is the amount of money dedicated to sports betting, and it's crucial to set a specific amount to avoid using up all your savings. The golden rule is to never bet more than you can afford to lose. The amount of your bankroll is a personal question and depends on how much you can afford to lose.

Once you've set your bankroll, it's time to decide on your units or wagers. Every single bet should have the same amount of money, known as units. This is where many people go wrong, betting more on their favorite team or big games. To avoid this, every bet should be treated equally, regardless of the game or competition.

A general rule of thumb is that for conservative bettors, bets should be between 1-2% of the bankroll, while average bettors should bet 3-5%, and aggressive bettors 4-5%. For example, if your bankroll is €1,000, a conservative bettor might bet €10 per bet, while an aggressive bettor might bet €40-€50.

It's also important to use data and not emotions when betting. Track your bets and don't get carried away by feelings of loyalty or excitement. Leave aside some of your bankroll for a bad streak and don't chase losses. By using a solid bankroll management system, you can avoid financial ruin and maximize your profits. Some popular systems include the Kelly Criterion, the Limber System, and the Fibonacci System. By understanding these systems and using them wisely, you can boost your bankroll and become a successful sports bettor.