Bankroll management" refers to the practice of properly managing your money in order to ensure that you are adequately bankrolled for the games that you are playing. Many poker players love to gamble, and gambling can entail playing games that are way too big for your bankroll.

Bankroll management focuses on two key aspects: units and bet tracking. There are also different bankroll management systems that can be used to achieve your goals and the right bankroll size. Generally speaking, betting bankroll management helps you boost your wins and avoid losing money. It is recommended for new sports bettors, and for professional sports bettors alike.

The first thing about betting bankroll management is deciding how much you will have in your bankroll. As stated earlier, a bankroll is a money you set aside for the purposes of betting. It would be best if you made rationally correct decisions when betting money and the only way to do this is by separating your money. Now that you have to set aside money for sports betting, how much should you put in your bankroll? It depends on your current living financial situation. It is recommended you start with a number that you can afford to lose.

How to Decide the Optimal Wager Size for Each Bet
Now that you have already decided on your total bankroll, it is time to consider how much you should wager. So, for example, if you have a total bankroll of 500 naira, your goal will be to make some profit out of that slowly. This means that the amount will be split into different wagers. As you do this, you should be ready to lose several bets before you can realize some profits. The general rules state that for a conservative sports bettor, the bets should be 1%-2% of the bankroll. For the average bettors, it is 3%, and for aggressive online bettors 4% - 5%.
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