Deciding on how much to bet is one of the tough questions for beginners. For some, it can get quite tempting to throw in a big bet right off the bat, while for others even a small bet may seem too risky. How exactly are you supposed to strike the right balance and know exactly how much to bet? Below is a helpful guide on how much you should wager.
Managing your bankroll is absolutely crucial in betting, whether you are doing it professionally or recreationally. In the first case, you will be able to increase your winnings, while in the second case, you will be able to make better use of your money.
Keep in mind that -sometimes- how much you can bet and how much you want to bet will be in conflict. Once again, you will realize how important it is to keep tabs on absolutely everything – your wins and losses, how much you can win with each bet, and so on.
Introduction on How Much to Bet?
With your betting account already set up and properly funded, it’s finally time to move on to the real deal. But then comes the pressing question: “How much to bet?” Don’t worry – many first-time bettors also find themselves worrying about it. As always, it all comes down to personal preference, although there are a few other things worth considering.
The most important rule regarding how much to bet is to know your limits. You should only bet what you can actually afford to lose. After all, aside from some very specific exceptions, betting rarely offers a guaranteed return. Thus, the first thing you should take into account when deciding how much to bet is how much you can afford to lose.
Our next recommendation is to keep track of everything related to your betting account – bankroll, wins, losses, and active bets. It’s always a nice idea to use a betting spreadsheet. You can either make one yourself or find one online. The betting spreadsheet makes it much easier to keep tabs on your money.
Another important piece of advice on how much to bet is not to chase losses. You are bound to have bad days every now and then in betting – and that’s perfectly fine. However, don’t try to make up for your losses with crazy bets expecting immediate returns, as it can easily dig you into an even deeper hole. It’s better to live and fight another day rather than risk everything in one go.
Tips on How Much to Bet?
We have listed some important tips for you on how much to bet.
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Examples of How Much to Bet
You can lower your average bet to 0.5 units rather than a full unit to make better use of your remaining funds, and then adjust accordingly in the future.
In this situation, you can consider raising the bet to 1.5 units or even 2 units, thinking of a solid return.
If the bet hits, then you get a solid return with a small investment. If it doesn’t, then you aren’t going to lose much.
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Pros and Cons
◻ Betting with less and using smaller units for a low-risk, low-return strategy usually means that you will be minimizing your losses in exchange for smaller wins. No worries – you can still get a solid return by accumulating multiple successful bets this way. Slow and steady wins the race, after all.
◻ If you prefer the go-big-or-go-home style, then you will be maximizing your returns in exchange for a bigger risk if you lose. But if your bets hit, then you can easily make up for your losses by racking in some huge wins.
◼ Risking less doesn’t mean zero risk. You are still going to lose bets every now and then. And much like smaller wins can turn into a bigger profit, the same applies to small losses. Multiple small losses can lead to a big dent in your bankroll, and you will take slightly longer to recover. Again, bet wisely and you won’t run into this problem.
◼ Going for huge bets can easily dry your entire bankroll in the blink of an eye if you are not careful. If you lose more than you win, then your account balance will turn to zero in no time at all. Taking risks doesn’t mean that you have to be reckless. Know how much of a swing you can take instead of just blindly throwing wagers around hoping one of them hits.
How much to bet is always going to come down to your preference and betting style. If you are willing to take risks, you can make bigger bets. But if you would rather play it safe, then there is absolutely nothing wrong with making smaller bets.
At the end of the day, the same advice applies for both styles: keep track of your bankroll, understand how much you can afford to bet, and always calculate potential returns before wagering.
As long as you have a well-defined betting strategy and stick to it, you are bound to win more often than not. In the long run, this means that you will be making a profit no matter how much you decide to bet.
How Much to Bet – FAQs
1. What Is a Good Amount to Bet?
2. How Much Does a $100 Bet Win?
3. How Much Should I Bet per Unit?
4. How Much of my Bankroll Should I Bet a Day?
5. How Much Do I Bet on a Game?