Sometimes perfectly talented sports bettors go bankrupt in spite of being proficient at what they do or potentially
profitable. It’s a brutal fact. The oddsmaker is tricky enough to overcome without making errors in the organization of your betting fund.
Keep in mind, if you lose half of your money, you need to double your fund to restore it to its original level.
For example, if your fund stands at $1000 and you drop half of the fund, it would then stand at $500. You now need
to double the $500 to get it back the original $1000 mark. For the proficient punter, this should not present a problem because he will simply keep his stakes the same and hope that over time the level of the fund is restored through winning bets. However, psychological factors often affect the bettor – he may be anxious that the fund is not significant enough to account for losses, so he ‘logically’ cutshis stakes to 50% of the starting stakes.
A difficulty now arises. The bettor started with e.g. $10 stakes and found himself ‘fifty bets down’ – dropping his fund from the $1000 to $500. Fearing the worst he cuts his stake from $10 to $5. Probability being what it is, the bettor now hits a good run and soon finds that he has recovered his 50 bet deficit. The problem is that he has been betting only $5. Assuming even money / +100 bets, his fund recovers to $750 ($5 x 50 bets = $250 + $500 fund = $750) $250 shy of the starting $1000, even though he has done no worse in his betting.
Make sure that your bank roll is significant enough. If you are going to struggle psychologically with a 50 point bank, then make it 100 or 200 units.
Taking a more realistic situation, what would be the effect of smaller percentage gains and losses to your fund. Assume that over a brief period of time your $1000 fund gains 5% and then loses 5%. After the 5% gain, the fund stands at $1050. Following on, after a 5% loss, the fund stands at $997.50, and you are down $2.50.
This should tell you something…ever seen slot gacor those tips on the web – “…get my five hundred star unmissable lock!” or “…my 100 unit blow-out play…!” sucking you in to what is in all probability a wayward bet but also enticing you to use too great a portion of your fund in one hit. Dodge it.
Flat-stake your bets e.g. $10, a $100 or whatever you believe comfortable and increase or reduce at certain milestones e.g. after each season, or on tripling your fund, or reassess after 2000 bets. Don’t start increasing your stake, for example, after every bet when you are on a hot streak, this only means that your stakes could be a their largest when the correction comes and it will take far fewer losing bets to take you below where your fund stood at the beginning
of the winning streak.