Making the Most of $100 bankroll

[alastantiger]

I have a friend who is new to sports betting and he asks -
If his bankroll is $100 and he has been told not to use more than 5% of his bankroll per bet, what strategy should he use on this type of bankroll? His question is should he place $5 each on 20 different bets? Or is there a better approach that can be suggested?

[darkangel11]

Who told him not to use more than 5%? Is it his money or not? IMO betting 5% or less is viable only if he's playing repetitive games with high bonuses like slots, or maybe poker where he bets the minimum to see what hand he gets and then decides if he wants to continue. With sports betting and many other things betting 5% doesn't make much sense. You could bet 10% or more.
I don't think that anyone will tell you a strategy if we don't know what game he's playing and what's his experience. I never set limits like that for myself. If I feel good about the game I'll go much higher.

[swogerino]

I have a friend who is new to sports betting and he asks -
If his bankroll is $100 and he has been told not to use more than 5% of his bankroll per bet, what strategy should he use on this type of bankroll? His question is should he place $5 each on 20 different bets? Or is there a better approach that can be suggested?

It depends on how confident he is in the bets that he will place.If he intends to play single bets and use that 5% balance then that 5 dollar bet is a good approach although I would suggest making it five 20 dollar bets if he is extremely confident in the bets he will place.I would also suggest that he can try that 5% daily bankroll and use it as a good strategy to try some good parlays,I mean he can try to double or triple his money through these parlays,important is that he does not rush in placing bets,rushing and choosing on pressure is a sure factor to guarantee you a lost bet and trust me I have been years many years long playing sport betting.

[yahoo62278]

I would be looking at some of the favorites in the NBA and looking at betting some moneylines.

Not sure which sport or sports you were planning on advising him to bet, but NBA playoffs would be my advice.

[_act_]

It depends on how confident he is in the bets that he will place.If he intends to play single bets and use that 5% balance then that 5 dollar bet is a good approach although I would suggest making it five 20 dollar bets if he is extremely confident in the bets he will place.I would also suggest that he can try that 5% daily bankroll and use it as a good strategy to try some good parlays,I mean he can try to double or triple his money through these parlays,important is that he does not rush in placing bets,rushing and choosing on pressure is a sure factor to guarantee you a lost bet and trust me I have been years many years long playing sport betting.

I see $20 to be too much for me, using just $5 to bet out of $100 is good for me. I prefer the parlay that you talked about. I even sometimes like it riskier in a way I can go for 3 matches and all are fist half win. I do this just to get a bigger old for small amount of money. Some people will prefer to go for little odd with high armount of money, this is a silly mistake from some gamblers.

[ajiz138]

If it's for sports betting, say soccer

Maybe it's a good strategy with a $5 bet where he can do a parlay which is more likely to win even though it's said to be difficult, I know with 20x bets /$5 he can do more bets than upgraded.

I prefer small percentages for sports betting despite having a sizable bankroll, because judging by the number of matches.

[LUCKMCFLY]

Well 5 usd is what I always use to bet on any casino game, not on sports betting, just in the casino and it is enough for me to have a casino day, of course and I play dice, crash, roulette or simply to the slot machines. . something more special because sometimes I tend to put a little more but the difference is that there in slots I don't look to win, but rather play Therapeutically, but I only use that balance to have fun, because 5 usd is a lot. , but it is enough to have a good time, however those 5 can sometimes give you 7 or 8 usd, which is not bad, so I recommend that you do that, that you play 1 or 2 times a week betting that and if you win 2 or 3 powders then leave them there and the next day play with the winnings and try to increase them, but little by little if possible, but you have to have a lot of willpower not to bet or bet anything. more than that.

[Maslate]

I have a friend who is new to sports betting and he asks -
If his bankroll is $100 and he has been told not to use more than 5% of his bankroll per bet, what strategy should he use on this type of bankroll? His question is should he place $5 each on 20 different bets? Or is there a better approach that can be suggested?

$5 is fine, but you should be selective with your bets, don't use that bankroll to bet all the games in just one day. It's always a question on how much he wants to win, because if he is expecting that his $100 will win $100 in a single day, then that's when the problem will start as you know frustration will come easy. our target should be realistic and it is always based on the amount of bankroll, so like I mentioned, if he wants to earn $100, then maybe make a decent bankroll like $1000. Lastly, focus on the long term result rather than the short term, as with better long term result that will proved that you are a profitable sports bettor.

[Gozie51]

His question is should he place $5 each on 20 different bets?

The point about gambling is to bet as you feel is reasonable for you. 5% is to say you have to have a guide and budget to what bankroll you want to stake out not necessarily that it must be 5%, it may be higher or lower depending on your risk but it is always better staking gradually as a newbie so that you can understand the game more and grow with it. However, people risk more than that.

Another thing is, it takes a very good emotion to maintain a limit of bankroll because most gamblers lose it when they start to record loses then they lose control of their target budget and gamble irrational just because they want to try and recover their loses which at most times never happens.

$5 each on 20 different bets?

This is just not necessary. To cluster your bet is prone to mistake. Some times in football betting, you may bet same game with same option in different slip of your bet and when that game didn't succeed, that means all the slip where that game appear will fail. So it is better to bet gradually and not 20 bet slip at same time.

Or is there a better approach that can be suggested?

A better approach to gambling is that one that has worked for you and if there are known yet then bet as you can bear the lose.

[Oshosondy]

Well 5 usd is what I always use to bet on any casino game, not on sports betting, just in the casino and it is enough for me to have a casino day, of course and I play dice, crash, roulette or simply to the slot machines. . something more special because sometimes I tend to put a little more but the difference is that there in slots I don't look to win, but rather play Therapeutically, but I only use that balance to have fun, because 5 usd is a lot. , but it is enough to have a good time, however those 5 can sometimes give you 7 or 8 usd, which is not bad, so I recommend that you do that, that you play 1 or 2 times a week betting that and if you win 2 or 3 powders then leave them there and the next day play with the winnings and try to increase them, but little by little if possible, but you have to have a lot of willpower not to bet or bet anything. more than that.

Betting is for sport while gambling is for casinos. I spend more hours and play more games in casinos, that makes me reduce my money for each game to be $0.5 in casinos. I may not play more than 3 games in bookies and I can bet just $5 each, unlike 20 to 30 times that I can gamble in casinos. The amount I will still spend will be the same in both casinos and bookies. I enjoy casinos than bookies.

[Viscore]

First identify what sport he really liked to bet, focusing on one sport is better as he can concentrate with the sport he really know. I pressume that ones a gambler do sports betting, he already have an idea about the sport he is betting. IMO, bankroll management is very import, $5 may seemed small but it will have to start with a small amount, see if he can manage the bankroll effectively, and if he is successful with that, then he can think of gradually increasing the bankroll but the percentage per bet should still be the same.

The key here is you don't loss control with good bankroll management and that will help you to go on with a long term journey.

[Jating]

I have a friend who is new to sports betting and he asks -
If his bankroll is $100 and he has been told not to use more than 5% of his bankroll per bet, what strategy should he use on this type of bankroll? His question is should he place $5 each on 20 different bets? Or is there a better approach that can be suggested?

Right now, NBA could be one of the sports that you could advise your friend to bet, why? NBA is on a playoff run, very much exciting as teams are giving everything they got per game as this is as series, best of 7 wins.

But I wouldn't go that approach to bet 20 different bets though, that's a lot. I will carefully choose 1 or 2 with my $100 bet.

Not sure though who advises him not to use more than 5%. But if I have that kind of bankroll, I will all bet it.

[wheelz1200]

I have a friend who is new to sports betting and he asks -
If his bankroll is $100 and he has been told not to use more than 5% of his bankroll per bet, what strategy should he use on this type of bankroll? His question is should he place $5 each on 20 different bets? Or is there a better approach that can be suggested?

I'd take like 3 or 4 bets a night.  Bet around 2-3 % of bankroll on all the games except one.  Then I'd take my best pick of the night and take 10% of the bankroll and lay it down on the one game.  Either way as his bankroll grows or shrinks he always needs to adjust his strategy as he sees fit.  Also I'd have an exit plan, so he is taking profit every once in awhile, otherwise it will all get withered away at some point.

[SamReomo]

His question is should he place $5 each on 20 different bets? Or is there a better approach that can be suggested?

I suggest him to place smaller bets at first, instead of placing $5 bets he should place $1-$2 bets on the games that he's fully aware off. Once he gets good win rate then he should continue increasing the bet size to $5-$10 per bet.

With such a strategy that guy can improve his betting skills and at the same time he can understand that which sports events are going to be his best picks when it comes to winning.

[rdluffy]

I use the strategy of a separate bankroll for each championship I participate in, but I don't define exactly how much I'm going to bet on each bet
There are bets that I'm more confident about and I put more money on, and others that are riskier I put a smaller amount on

But the idea is very good, to separate this bankroll into 20 bets so that it has a good continuity, even more so if your friend is new to betting
It would be quite frustrating for him to split it into a few bets and lose everything quickly, so with 20 bets he can learn and feel what it's like to bet, identify how he'll react to losing bets, and where he can hit more often

[serjent05]

Who told him not to use more than 5%? Is it his money or not? IMO betting 5% or less is viable only if he's playing repetitive games with high bonuses like slots, or maybe poker where he bets the minimum to see what hand he gets and then decides if he wants to continue. With sports betting and many other things betting 5% doesn't make much sense. You could bet 10% or more.

It is a suggestion from the people who advocate responsible gambling.  Some even suggest to not gamble more than 1% of their monthly wages.  But of course, it is on the part of the gambler whether he will follow those suggestion or guidelines or indulge himself and make a betting spree without any restriction.

I don't think that anyone will tell you a strategy if we don't know what game he's playing and what's his experience. I never set limits like that for myself. If I feel good about the game I'll go much higher.

@OP stated that his friend is into sports betting but was being restricted by the suggestion of using only 5% of his bankroll per session.  Well I think his friend can follow that if his aim is just to experience sports betting and enjoy it while it lasts but if he aims to get more profit from his gambling venture, he can engage in parlay bets to increase the potential winnings but obviously it also increases the risk of losing.  So your friend should be on watch of the matches so that he can cancel the remaining bet if he feels that he will be losing them.

[freedomgo]

I use the strategy of a separate bankroll for each championship I participate in, but I don't define exactly how much I'm going to bet on each bet
There are bets that I'm more confident about and I put more money on, and others that are riskier I put a smaller amount on

But the idea is very good, to separate this bankroll into 20 bets so that it has a good continuity, even more so if your friend is new to betting
It would be quite frustrating for him to split it into a few bets and lose everything quickly, so with 20 bets he can learn and feel what it's like to bet, identify how he'll react to losing bets, and where he can hit more often

You can't tell that this bankroll is only for 20 bets, unless you want it all risk in just a single day. The bankroll is usually for long term, so most likely that will last especially if you are profitable. Wagering 5% from your bankroll bankroll may seemed agressive, but since the amount is only $100, that's fine. Professional sports bettors do have a good bankroll, and they don't just divide it to the number of bets because they choose quality over quantity, and a realistic bankroll gives us a better feel not to be greedy since seeing it grow is already a fulfillment.

[Agbamoni]

Thats the worst idea i have ever heard. Using 5% of $100 is quite small for me and i won't recommend it for someone. He should use his bankroll to do something else other than gambling. The reason is because the result or winnings $5 would give for a single bet is not worth it. The gambler will be forced to add so many games or take high risk so that he that the return will be quite meaningful. And that is not a good way to play bet. I think it is good to reduce risk by playing small odds based on better chances to win by using about 10% or 20% of our bankroll. That is the only way i can play with $100.

[decodx]

I think putting smaller bets on more games also means smaller wins (if any).  As swogerino already suggested, maybe pick 5 games or so he really likes and go $20 each.  More risk but more money if they hit.  There are tons of resources online about sports betting strategies and tips for new bettors.  You guys could read some together and talk about what makes sense for him and  it's good to have a plan and figure what works rather than just randomly betting.

[Dr.Bitcoin_Strange]

Well, if he is to bet on sports games like football, he can still reduce the amount to $2 per bet, which gives him the chance to stake on more than 40 games. I normally stake $1 per game or even less, but if I see a potential game that I feel convinced enough to stake a huge amount, that's only when I can stake above $5; otherwise,  I prefer to just manage my bankroll until I have satisfied my urge to play. Perhaps I don't even deposit more than $20, and I tried as much as I could to manage that amount for the number of games I would be playing.