If you’re new to sports betting, it’s easy to reduce your risk by staking the same amount of money on each bet.
Think of it as a way to protect yourself from any “miscalculation” due to the euphoria that overcomes you after a correctly predicted series of wins. You will also greatly reduce the risk of losing everything
You will reduce this risk even further if your stake represents only a small portion of your budget. Our advice is to choose a fixed amount that represents between 1% and 5% of the total amount you have set for sports betting. A higher amount could put you at greater risk.
Fixed forecast money systems are very simple, but they do not allow you the flexibility to act according to your natural talent, nor do they take into account changes in the size of your sports forecast portfolio.
Budgets are important and you should always stick to them. Using up too high percentage of it early on isn’t going to help you if that bet happens to be unsuccessful.
Choosing a proportional stake of the profit (%) out of the total amount of your budget allows you to overcome each of the disadvantages of the fixed stake system. Betting a certain percentage of your sports betting portfolio allows you to:
– Change the amount of money that you stake in proportion to the size of your budget.
– Adjust your stakes amounts within a certain range to take account of your “intuition”.
We recommend for each bet that you set the bet amount between 1% and 5% of the total amount of money in your betting portfolio.
In conclusion, the main advantage of both of these basic systems is that they are easy to use. The main drawback is that they do not consider the risks inherent in each bet. As you know, you do not have the same chances of winning a bet with odds of 1.2 and 10. The probability of the predicted event happening should be considered when choosing the size of your stake.
The Kelly Criterion is a better system to use if you want to adapt the size of your stake to the quality of your forecasts and the odds you are betting on.
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