If you like gambling, you’ve likely participated in, or at the very least heard of, sports betting and sports book then. The problem with sports betting though is that you hardly ever get terrific odds. In fact, you may even end up getting less money than you’ve spent whenever you win. If you want to be profitable you need to win more than 50% of your bets. No matter how accurate you are with picks, this is hard to do. But, there is one thing you can do to keep yourself safe, handle your bankroll properly.
The bankroll is the amount of money you are comfortable spending on a wager. This could be any amount. It is important the amount you choose is realistic for you and is within the scope of what you can safely afford. Knowing your limits will help protect you and your money.
In terms of the amount you should wager on each bet at Betfair Casino, it should never be more than 2% of your total bankroll. So, if you are starting off with $100, don’t bet more than $2 at a time. If you want to be conservative, reduce this to 1%.
As your bankroll continues to increasing or reducing, adjust your wagers accordingly. This is the only way you will be able to come out on top eventually.
At the end of the day, money management is the only way for you to come out on top when it comes to wagering on horse racing. After all, you will not be able to place wagers if you don’t have any money. Also, as you keep winning, you will see your bankroll grow and will be able to spend more. This is what you want at the end of the day isn’t it? So, remember, keep your bankroll in check and you should be just fine.