Money management should be a vital part of any successful football betting strategy and most serious bettors will manage their bankroll effectively. Let’s take a look at some useful hints and tips to help you manage your money.
Start with a sizeable pot
Many regular bettors just throw £20 or £30 in to their account on a Saturday morning and blow the whole lot in one go – usually on risky bets or accumulators. Why? It’s seen as a disposable amount of money that they can ‘afford to lose’. It’s not seen as a significant amount so they don’t fully respect it. However, the £20/£30 all add up and before you know it you’ve lost £100+ in a month. If you deposit a larger initial amount, for example £200+, then you’re far more likely to respect that money as it’s regarded as a sizeable figure. Bettors will then take more care of their bankroll and studies show they’re more likely to research their bets and make more sensible betting decisions.
The vast majority of online bookmakers allow you to access records of all your bets which can be exported to an excel spreadsheet. This makes it easy to log all of your bets and you can track