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 “Errors of judgment” due to the euphoria that overtakes you after a series of correctly predicted wins, and you will also significantly reduce the risk of losing everything.
You will reduce this risk even further if your stake represents only a small portion of your betting budget.
Our advice is to choose a fixed amount that represents between 1% and 5% of the total amount you have set aside for sports betting. A higher amount could put you at greater risk.
Fixed stake systems are very simple, however, 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 betting budget.
Choosing a proportional stake (%) of the total amount of your budget allows you to overcome each of the disadvantages of the fixed stake system.
Betting on a certain percentage of your sports betting portfolio allows you to:
We recommend that for each bet, you should stake between 1% and 5% of the total amount in your betting portfolio.
In conclusion, the main advantage of both these basic systems is that they are easy to use.
Their main drawback is that they do not take into account 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 actually happening should be taken into account 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 predictions and the odds you are betting on.
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