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Managing the strategy bank, the right amount of betting on horse racing

Many bettors can find valuable (valuable) bets thanks to “intuition” or the use of a statistical model to estimate the probability of an outcome.

But once you have determined the value, how much will you bet to make the most of this value while securing your bankroll? Bankroll management is one of the most important components of a successful player.

Bank management and success in betting on horse racing

 To be a successful player in the long run, there are two important characteristics. The first is the ability to recognize value in a particular betting market, and the second is the management of your bankroll. In other words, how to optimize the found valuable bet while minimizing risk.

In this article we will discuss the most popular and successful bank management strategies for sports betting.

What are the bank’s management strategies

There are many different investment strategies that can and have been applied in sports betting, and a number of them are borrowed from the world of finance. 

Nevertheless, we hope that by the end of this article, even the most inexperienced of bettors will be familiar with the most popular bankroll management strategies, will better understand the basics of bank management and will know how to increase their chances of joining a small percentage of players who make long-term profits.

Fixed percentage from the bank

This strategy is to maintain a rate of a constant percentage of your current bankroll. It is assumed that this method will protect any player from losing the entire pot, since the bet amount decreases as your bankroll decreases.

It’s a bit like Zeno’s paradox. However, although this is unlikely, even if you bet 5% of the $1,000 bankroll, you will get a pot of less than $200 after 33 consecutive losses.

Moreover, it assumes equal value for each bet and additionally assumes that equal odds will be offered for each bet.Also, even if you only bet on 1.70 favorites, is the probability of each of them winning the same? In other words, does every 1.70 favorite offer the same valuability (value)? It may be so, but it is unlikely.

The “Constant Interest” strategy, although it offers a way to manage your bankroll, does not take into account the value of the rate as a key part of a successful management strategy. In fact, in the end, this method will only manage how you lose your money.

Factoring in coefficients

This method is similar to the fixed percentage strategy, except that it takes into account the odds offered by the bookmaker for a specific bet.

This works great when betting on outsiders, but what if we want to bet on a low-odds favorite? If you bet 5% of any bankroll, then a bet on 1.05 favorite will mean a bet on your entire pot.

Now we could recommend not betting on anything close to the 1.05 favorite. But the limitations of this strategy should be obvious, since it still does not take into account the found value of a particular bet.

Using bonus offers

Many online offer bonuses and promotions that can help you improve your finances. For example, some BCS offer welcome bonuses for new players, while others offer cashback or loyalty programs for regular players.

By taking advantage of these bonuses and promotions, you can increase your funds and play longer without spending more money.

However, it is important to carefully read the terms of these bonuses, as they are often accompanied by betting requirements and other restrictions that may limit their value.

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