Red18: Bankroll Management For Different Sports Bettors

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Most of the time, new bettors don’t have a plan and just make their picks on their favorite for the sake of betting and most of the time, they tend to chase their losses. The result? Empty accounts, frustration, and losing hope that betting can be profitable. At Red18 Sports Betting Singapore, we’ve seen it all and witnessed some of our players lose control of their funds just because they don’t know how to handle their funds. And we wouldn’t want you to experience that, that’s why we have carefully laid down this guide to help you manage your funds like a pro.

Ready to bet smarter? Let’s dive into some of the best bankroll management strategies that professionals and casual punters use.

The Flat Betting Bankroll Strategy

This is one of the common strategies used by casual bettors, where their goal is to have some fun, not investment. And for them, consistency is the key.

In flat betting, you will be allocating 1-3% of your total bankroll per bet. So if you have $100 on your Red18 sports betting account, then you should only be risking $1 to $3 per bet. This way, you can make 33–100 bets before depletion (if all your stake loses). With that, you can surely have your dose of fun for a longer period than you expect. With flat betting, your small and consistent bet saves you stress from big losses as well as discourages you from making impulsive decisions.

Red18 Hot Tips: Never increases your bets after a loss as it will only be escalating the risk of losing which often leads to deeper losses.

The Percentage-Based Strategy

Moderate sports bettors are usually known for balancing the risk and reward, and they adjust their bet amount based on their confidence. So, if you want to engage in online sports betting in Singapore and do it strategically without overcommitting, you can adopt the percentage-based strategy.

If you are planning to bet on EPL at Red18 Sports Betting Singapore and you sure have “strong” picks, you can allot 2% to 5% of your bankroll and 1% on speculative ones.

You can reserve 2% to 5% of your bankroll on bets with clear value. That means only bet higher on bets with favorable odds or strong team/matchup trends. On the other hand, you can also risk 1% of your bankroll on speculative picks. If you want to try your luck on longshots, parlays, or hunches, you can do so but only allot 1% of your bankroll on it. With this bankroll management strategy, you can slowly grow your funds while limiting your exposure to risky picks.

Say you have $1000 on your bankroll, then you can bet $40 on Man City (-150) to win (based on recent form and injuries to its opponent Leicester). And for a speculative pick, you can bet $10 on a correct-score parlay like 3-1 Man City at +800 odds.

Red18 Hot Tips: With Percentage-based betting, you should bet more on what you know and less on what you don’t and recalibrate your stakes after every win or loss.

The Unit Bankroll Management Strategy

For professional bettors, they treat sports betting as a business where betting is a numbers game not just a simple gambling activity. Part of their bankroll management plan is simply betting in units, and if you are planning to adopt this plan, that means you are most likely betting the same amount for each bet you’ll make at Red18 Sports Betting Singapore.

How Does The Unit Betting System Work?

First, you must establish a unit of your bankroll.

1 unit = 1% of your total bankroll

Let’s say you have a $5000 on your Red18 account, therefore you will have units of $50 or $50 per bet. Then, you can adjust your units as your bankroll grows or shrinks.

And for standard bets, you can risk 1-2 units while you can risk 3-5 units for high-confidence opportunities. If you’re planning to bet on sports daily, then you shouldn’t exceed betting 5 units per day to avoid tilt.

Final Word

For many bettors, bankroll management is just another work for them to do. But actually, this is the backbone of your long-term success in sports betting. So whether you are placing weekend bets or analyzing odds daily, don’t let poor bankroll management kill your game. If you are ready to place disciplined bets, visit Red18 today!

FAQs:

What Is The Ideal Percentage For Betting On Sports?

It’s usually recommended that you never exceed 5% of your bankroll per bet, you should stick to 1-3%.

Will It Be Better To Adjust My Stakes After A Losing Streak?

Yes – actually, it is recommended that you recalculate your stakes based on your current bankroll to avoid blowing your budget much quicker.

Are There Any Tools That I Can Use To Track My Bets?

There are available apps online that you can use in monitoring your wins, losses, and ROI like BetTracker. On the other hand, you can simply use your excel for this.