Sports Betting 101: Bankroll Management with Kyle Kirms | 2.18.22

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Video Summary

When it comes to sports betting, it's essential to have a solid understanding of how to manage your bankroll and expectations. For a novice bettor, starting with a small bankroll of $100 and working up to $176 with conservative bets is a great approach. The key is to not get caught up in the excitement of trying to make a quick buck and instead focus on consistent, long-term growth.

One strategy is to bet with “units” instead of dollar amounts, where a unit is a standard bet size. This approach allows you to scale up or down depending on the game and your confidence level. It's also crucial to set a goal in mind and stick to it, whether it's trying to make a small profit or building up a large bankroll.

When it comes to betting on underdogs, it's important to have a clear plan in place. Some people believe that taking an underdog with a large spread is a good way to win big, but in reality, it's a risky strategy that can lead to significant losses. A more conservative approach is to take half of your unit on the money line and half on the spread, or to focus on moneyline bets altogether.

The importance of volume betting cannot be overstated. Instead of trying to make one big score, it's often better to make a series of smaller bets that can add up over time. This approach can also help you avoid getting too caught up in the thrill of the game and make more rational decisions.

Finally, it's essential to understand that sportsbooks want you to bet conservatively and make small, individual bets. They want you to buy and sell points, and they want you to partner with them rather than taking control of your own betting strategy. By following these tips and sticking to your plan, you can build a successful and sustainable sports betting strategy.

“The Sauce” himself, Kyle Kirms breaks down plenty of questions that the host and members of the chat had in the “Chop Sports …



“The Sauce” himself, Kyle Kirms breaks down plenty of questions that the host and members of the chat had in the “Chop Sports …