Fund management is the cornerstone of online betting. The other names for this healthy and efficient habit are bankroll or simply money management. The bankroll or ‘pot’ of an online betting enthusiast is, simply put the amount one is willing to spend on placing the online bets they like, over a certain amount of time.
If you are a wise and careful gambler, it will be natural for you to pay close attention to bookmakers reviews and make sure that you are creating a fund management strategy before placing your bets.
There are several benefits of creating a fund management strategy especially if you regularly place online bets. Here are some of them:
A fund management strategy will compel you to compare your overall progress against a fixed figure. This will not only allow you to improve your betting skills but will also assess the capabilities of your fund management strategy.
Having a carefully formulated fund management strategy at the place will allow you to place your bets more carefully. On top of that, it will also shield you from impulsive betting habits.
Enough introduction, let’s get down straight to the topic. In the following sections, we will tell you about three fund management strategies that professionals swear by. Read them carefully.
Star system fund management strategy
This is complex to understand but easy to implement a fund management strategy that online betting enthusiasts have been using for years. This has proven its merit time and again by transforming several beginners into professional gamblers. This strategy involves a series of bets that the player places in incrementing order.
This significantly increases one’s pot. With that being said, one needs to be extremely confident about one’s odds of winning. They need to accurately predict the outcome or they stand a strong chance of losing it all at a single go.
Kelly criterion fund management strategy
This fund management strategy involves the player to place bets whose amounts are calculated as a percentage of their pot. Here the calculation is simply a multiplication of the odds (obviously in their decimals) with the player’s winning chances.
The results are then divided by the odds followed by subtracting 1 from the final figure. It is a complicated one but in the end, it has proved to be a boon for several veteran gamblers.
Fixed stake fund management strategy
This strategy involves a gambler to always go for bets that involve a fixed figure. It allows the player to assign equal value to all bets they are placing at any given point in time.
It helps the player to better their odds by making sure all of their bets are variable in nature. This fund management strategy is exceptionally beneficial for a player who is new to the online betting scene.
The winner’s way is to make sure that you are placing your online bets from established and popular online betting sites. In this way, both your personal details and obviously your hard earned money will be safe. On top of that, an established betting site provides its patrons with the option to download their personal data any time they want. Furthermore, one can also set betting limits so that they can keep themselves from becoming a betting addict.