Best Money Management On Even Bets: Flat Betting / Fixed Staking / Level Stake
This betting bankroll management strategy is excellent all-around. It might not excel in many areas, but it did stand the test of time, so that’s what made it as famous as it is amongst those who make a living betting; Yes, we’re talking about professional sports bettors.
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Flat Betting explained
The best money management on even bets is doubted to be the simplest: you choose a percentage of your bankroll between 0.5% and 5% and stick with that stake until the end of the season or till you deposit/withdraw a considerable amount.
In fact, most people who make a living sports betting are using this sports betting money management! Unlike the Kelly staking plan, where you will fail big time if your ability to estimate value isn’t accurate, and this fixed percentage of bankroll staking method allows quite a bit of room for error.
Hints: If you are not looking for the quick score and have the patience to see the return on your investment in the long run, then you’ll most likely be fine using it. The Fixed Staking System won’t boost you short-term performance, you won’t see your bankroll increase as fast as if you were using a progressive betting system, but it will ease the pain felt during those ugly losing runs.
Just think for a second: If you choose, let’s say, a level stake equal to 1% of your initial bankroll, you will be able to cope with a series of 99 consecutive losses, which should more than enough to keep you safe.Unlike other strategies in sports betting, this conservative approach will also help you set aside bad luck and good luck in the long run. The only hard part is to always stick to the plan: grinding is the way to go!