You may want to be ultraconservative and use less than 5% or you may want to go high-risk and use 10% or more. ![]() If you think of the event as one big bet, then you may certainly apply the 5% rule and use 5% of your existing cash. So first, you have to decide what your bankroll will be for a given event. What other investment pays like that? Additionally, even if you ran off a string of 45 wins, the most you’d make on a basic point spread wager of $11 would be $10, giving you a total of $945. You may have thought by making 45 bets, you could have turned that $500 into $2,000! Consider this, you started with $500 and have increased that original amount by almost 23%. You may be thinking that’s not very good. Also, they will have $5.00 left in the bank that they have not risked, giving them $614. After all is said and done, they’ll have $609 in the bank. If 45 point spread bets are placed and the bettor manages to win 65%, here’s the way it works: they will win 29 bets and lose 16. ![]() Why that percentage? On average that’s the winning percentage over time of successful professional sports bettors. Also, you’re trying to win 60% to 65% of your bets. With $500, you’ll be able to do that, allowing you to make some mistakes and make adjustments in order to win.
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