Here at Okbet Sportsbook Ph, We provide our users with a variety of sports betting tools, including NFL odds on all games, but one of the most important is learning how to manage your money.
Let’s talk about bankroll management discipline and how it can help you avoid the big ups and downs that most recreational bettors experience.
What is the size of your unit?
To avoid getting too personal, knowing the size of your unit can greatly help you manage your finances. And in order to do so, we must first determine how much money you have set aside for the upcoming NFL season.
The 2021 NFL season is in our sights, and you should consider how much you could potentially lose over the course of the season without losing any sleep. It must be a figure that does not cause your stomach to churn or your agita to burn.
For the purposes of this discussion, let’s say our hypothetical bankroll is $1000, which means we need to be able to last an entire season on a G-Note. As a result, our unit size must be very small to achieve this. Remember, it’s not the size of the unit that matters, but what you do with it.
So, in this scenario, let’s calculate how small our per unit wager must be when betting at OKBet on NFL picks. OKBet’s New bettors should never bet more than one percent of their starting bankroll, regardless of how small or large it is. Using the $1000 stake as an example, this unit size is equal to one percent or $10 per wager.
That may seem insignificant, but if you are regularly betting at Okbet sports betting more than that, a few bad weeks of betting $50 and $100 will wipe you out.
Do you really want to go to the bar with your friends in early November and not have any money to wager? There’s nothing wrong with having wings and beer on a Sunday afternoon while watching the games, but having a vested interest makes it even more enjoyable.
When I mentioned the one-percent rule, I specifically mentioned OKBet’s new bettors. If you are a seasoned bettor with some self-control (action junkies, look away), you can make a case for the 1-to-5-unit system.
This means that the majority of your online bets will be one unit, but because we have varying levels of confidence in our bets, we can bet two, three, four, or up to five units. The more units you have, the less frequently you should bet them.
A five-unit maximum bet should be reserved for Pick of the Month situations, with the majority of your wagers being for one unit.
However, if you want to keep it cool and stay in the game, stick to one unit and don’t bet on every game on the board. On an NFL Sunday, limit yourself to four plays because the more bets you place, the faster the vig will catch up with you and bite you in the wallet!
Do Not Pursue
Assume you’re a fat guy on a hot summer day, and the vegan, tofu, smoothie truck is riding down your street, ringing his bell and waving down all of the fitness fanatics and healthy-living, selfie-taking, celery eaters.
So, guess what? That quinoa, kale, and kohlrabi truck just rolled right past you. I didn’t even notice you there, panting in the hot sun, sweating profusely in your ice cream-stained T-shirt.
Consider this: are you going to pursue that truck? You certainly aren’t! You’re also not going to chase your losses this year because chasing losses leads to even more losses. And if you get lucky and eliminate your previous day’s bad beats by betting more games for more money, you will set a dangerous precedent.
You don’t want to fall into this trap because if you want to be disciplined this season, don’t take any shortcuts and make sure to follow all of the steps we’ve discussed. You’ll be happy you did!