Simple Ways to Increase Your Sports Betting Bankroll

Simple Ways to Increase Your Sports Betting Bankroll - Published
July 29, 2022

There are many simple ways to Increase Your Sports Betting Bankroll. You just need to find the right system that works for you and stick with it.

This blog post will discuss some of the best Simple Ways to Increase Your Sports Betting Bankroll. We will also provide some helpful tips on how to make the most of your bankroll. So, whether you are a beginner or an experienced sports bettor, read on for some invaluable advice!

Use Betting Strategy

The first simple way to increase your sports betting bankroll is to always use a betting strategy. There are many different betting strategies out there, so it is important to find one that fits your style of play. If you are new to sports betting, then it might be a good idea to start with a simple betting system. For example, you could bet on the favorite to win every game.

If you are more experienced, then you might want to try a more complex betting system. However, it is important to remember that complex betting systems can be very risky. So, only use them if you are confident in your ability to make money with them.

Open at Least Two Sportsbooks

Another simple way is to always shop for the best lines. Line shopping is the process of looking for the best odds on a particular game or event.

This can be done by visiting multiple sportsbooks and comparing their odds. The goal is to find the sportsbook with the most favorable odds for your bet. It is also a good idea to open at least two sportsbooks. This will allow you to line shop more easily.

If you only have one sportsbook, then you will be stuck with whatever odds they offer. However, if you have two or more sportsbooks, then you can compare their lines and find the best ones. To secure, you should always choose the best number available. Turning 15 pushes into wins or 15 losses into pushes can help you improve your bankroll.

Set Benchmark Points for Success (Or Failure) 

Lastly, always remember to manage your bankroll properly. This means setting aside money for your betting bankroll and sticking to a budget.  It can be tempting to bet more than you can afford to lose, but this is a surefire way to deplete your bankroll quickly. So, always make sure that you only bet what you can afford to lose and never chase your losses.

  • If you start with $100, we recommend not betting more than $15 every week on any event (football, basketball, baseball, etc.). That is 15%, which is prudent because you will undoubtedly experience losing weeks.
  • If and when you hit your target of $50 profit from where you started, take $20 of the $50 and set it away as winnings, then modify your bets on a new bankroll of $130 to 20%, or $26 each week.
  • The next goal is $180, and if you get it, you will have doubled your money, utilizing your $80 in working capital along the way, plus the $20 you profited earlier.

The $20 is a good cushion and a good reminder. If you lose $30 of your adjusted bankroll of $130, it indicates that your luck has changed and it is time to return to the 15% per week of your bankroll. All of this adds up to rigorous money management.

Now that you know some simple ways to increase your sports betting bankroll, put them into action and start seeing your bankroll grow! Remember to always use a betting strategy, shop for the best lines, and manage your bankroll properly. With these tips, you will be well on your way to becoming a successful sports bettor! Thanks for reading and good luck!