Guides & Cheats
In the world of esports betting, how you manage your money is just as important as who you bet on. That’s where bankroll management comes into the picture. It’s the way you manage and protect the money you have set aside for betting purposes. So, it prevents you from suffering large losses, allows you to stay in the game longer and gives you the opportunity to win more bets.
The Importance of Bankroll Management in Esports Betting
Lots of folk climb into esports betting thinking they are going to hit it big, but they forget the golden rule: if you’re betting without a financial plan, you’re losing in the long run. Here’s the thing about bankroll management:
- Safeguards your money: It doesn’t let you bet more than you can afford to lose.
- Keeps emotions at bay: With a game plan, you’re more likely to avoid making rash bets out of frustration or excitement.
- Allows for losing streaks: Even the best of bettors can lose. Good bankroll management allows you to survive these streaks so you don’t go broke.
- Establishes long-term success: Betting shouldn’t be about winning every bet but playing smart over the long haul while increasing your bankroll over time.
How to Set Up Your Bankroll
You have to determine h how much money you are prepared to dedicate to esports betting. This is cash that’s separate from your day-to-day living expenses such as rent, bills and groceries. Consider it your “betting fund” or your bankroll.
- Start small: If you are new, start with an amount that you won’t miss if you lose it. This takes the pressure off and allows you to learn the ropes without stress.
- Be real with yourself: Use only what you can afford to lose. Betting should not be a financial hardship.
Choosing Your Unit Size
Now that you have your bankroll in place, it’s time to determine how much you’re going to bet on each wager. This is your unit size.
Most people suggest that you should bet between 1 and 5% of your bankroll on any given bet. For instance, if your bankroll is $1,000 and your bet size is 2%, that means that every bet is $20. Placing small bets reduces the risk of going broke following multiple losses.
Once your bankroll increases or decreases, re-scale your unit size. Suppose you use the 2% rule to bet, and your bankroll grows to $1,200. 2% of $1,200 would now be $24 for each bet.
Different Kinds of Betting Systems for Bankroll Management
Here are a few ways to control your bets based on your confidence and style:
Flat Bet: To bet the same amount every time, despite your confidence in the outcome. It is the safest and most convenient way, especially for beginners.
Percentage Betting: Changing your bet in relation to your bankroll. As your bankroll increases, so do your bets; as it decreases, so do your bets.
Confidence-Based Betting: You bet more on picks you are really confident about, and less on riskier bets. This approach does require judgement and discipline to avoid overbetting.
Physical Record Keeping in Esports Betting
Tracking your bets is a total game changer. It helps you:
- Take note of which types of bets or esports you are most successful with.
- Diagnose faults or bad habits.
- Keep yourself vigilant by conducting status checks.
- You can use a basic spreadsheet or specialized apps made for esports bettors.
Common Mistakes to Avoid
The best bettors are the ones who avoid these mistakes:
- Chasing Losses: Attempting to recover lost money by making larger bets generally results in larger losses.
- Betting Without a Plan: A random betting approach without strategy or bankroll management usually doesn’t end well.
- Disregarding Bankroll Size: You may go broke if you bet an inordinate amount of your bankroll on a game.
- Getting Emotional: Betting on what you feel is right rather than on logic and analysis is a dangerous game.
Handling Losing Streaks
Streaks are part of betting on esports. They even challenge the best bettors. The point is not to panic and make hasty decisions. Just stick to your bankroll management and trust your process. Remember that it is all about the long run, not short-term wins or losses.
Final Thoughts
Countless bettors get hot and begin overbetting after a few wins. And that, unfortunately, can lead to losing everything in no time. To me, the most important skill in esports betting is also the most basic: it’s knowing how to manage your bankroll. Discipline and patience will ensure you stay in the game and have a better chance of winning.
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