How Much To Bet / Bankroll Management

Understanding Bankroll Management

📌 Understanding bankroll management and odds is crucial for long-term success in sports betting. This guide explains how much to bet per wager, how odds work, and how to calculate potential returns.

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1️⃣ How Much to Bet (Unit Sizing & Bankroll Management)

📌 A unit (U) is a standardized percentage of your total bankroll used to manage risk.

✅ 1a. What is a Unit?

✔️ 1 Unit (U) = 1% of your total bankroll. ✔️ All betting calls will include a unit amount—if not stated, assume 1U. ✔️ You do not need your full bankroll deposited—just base unit sizing on what you are willing to lose in total.

💡 Example: If your bankroll is $10,000, then 1U = $100 per bet.

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2️⃣ Understanding Betting Odds

📌 Odds determine how much money you can win on a bet.

There are two main types of odds used in sports betting:

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✅ 2a. American Odds (+/- XXX)

✔️ Based on a $100 unit scale ✔️ Positive (+) odds = Underdog (higher payout) ✔️ Negative (-) odds = Favorite (lower payout)

💡 How to Read American Odds:

• Negative (-) Odds → Amount you must bet to win $100.

  • Example: -115 means you must bet $115 to win $100.

• Positive (+) Odds → Amount you win per $100 wagered.

  • Example: +115 means a $100 bet wins $115.

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✅ 2b. Decimal Odds (X.XX)

✔️ Easier to calculate total payout. ✔️ Simply multiply your bet amount by the odds to determine your return.

💡 Example:

• 2.10 odds = $100 bet returns $210 total ($110 profit).

• 1.75 odds = $100 bet returns $175 total ($75 profit).

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🚀 Final Thoughts: Managing Risk & Maximizing Profits

✔️ Stick to unit sizing – Never overbet based on emotions. ✔️ Understand odds formats – Know your potential returns before betting. ✔️ Use the right odds format for your strategy – Decimal for easy calculations, American for U.S. books.

💰 Master these fundamentals, manage risk properly, and improve long-term profitability in betting! 🚀