This unique money management routine is focused on achieving the desired profits and can be used for both single bets and accumulator bets. The bet amount is dictated by the objective and the odds offered by the online bookmakers and not the size of the bankroll.
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Fixed Profit explained
With this sports betting money management, you’ll first have to set your expectations, namely how much you want to profit from each bet. After that, you’ll use this formula to determine the particular stake of each wager:
Fixed Profit Stake = Desired Fixed Profit / (Odds – 1)
The Fixed Profit System is one of the most flexible money management strategies in sports, allowing the punter to wager on any kind of betting market, on both short and long odds. Your targeted return should be based on the amount of money you are willing to invest, so make sure you leave a bit of room to be able to overcome those annoying losing runs.
Hints: You can apply progression to the Fixed Profit bankroll strategy if you want to. All you have to do is to add up the previous loss to the ‘Desired Fixed Profit’ when calculating the fixed profit. We typically recommend that you only go as far as 3 or 4 consecutive losses before accepting the cost and moving on to a new wager. Just make sure you do the math before you start applying it!
Choosing the best money management routine
Choose the money management strategy that better suits your style and budget. Feel free to test the methods described above and see for yourself what works best for you. Remember, you won’t be able to draw any conclusions unless you have thousands or at least several hundreds of samples to work with. Be patient, take it step by step and firstly focus on reducing your losses. Only when you have reached a decent balance after a few months should you bother to try and improve your decision-making process to optimise winnings and go for profit and growth!
Make use of the recommended betting money management systems, but be careful when wagering real money. BettingInstitute.co.uk and the other top sites from the online betting industry that are focused on successful sports betting advice will always advocate for reducing the risk of ruin as much as possible. Never wager your entire bankroll. Follow a prudent money management strategy. Please bet responsibly!