Making the Most of $100 bankroll

[Davidvictorson]

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.

I agree with you. I don't think the $5 bet on 20 games is a good betting strategy. It may just be the worst strategy anyone can ever conceive. I think that a better strategy that will make the OP stand a better chance of winning is to make two $50 straight bets, one at a time. That way every game has 50-50 odds. It will either be one or the other.  With this strategy, he either loses $50 or win $50 in a game. His potential losses will jus be $50 while he maintains the other 50% probability of winning $50.

[Obim34]

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.

I agree with you. I don't think the $5 bet on 20 games is a good betting strategy. It may just be the worst strategy anyone can ever conceive. I think that a better strategy that will make the OP stand a better chance of winning is to make two $50 straight bets, one at a time. That way every game has 50-50 odds. It will either be one or the other.  With this strategy, he either loses $50 or win $50 in a game. His potential losses will jus be $50 while he maintains the other 50% probability of winning $50.

A bankroll of $100 is not too big nor two small to use 5% each time on gambling but the decision belongs to the user. In some cases 5% of a $100 bankroll is very suitable on a game with higher odds because of the tendency of one of the games affecting bet but whereas on a very low odds I consider it too small to generate a good profit. Every gambler is obliged to make his own decisions according to his own detriment, if he now decides to use more than the 5% and faces loses, he is to face the loss alone, as a gambler every dollars worth and should not be easily lost. Gambling/Betting is always about risk taking, even a single bet can as well cut.

[Frankolala]

Your friend should gamble on casino games, because you can bet with $5 on different games and have fun playing it. He does not need to use 5% on 20 games in one day, he can bet with 5% different days, whenever he wants to gamble.

It is when we are gambling with the aim of making profit that we feel 5% is too small based on the profit it will generate, if you win. If you are gambling for fun, you will want to enjoy the fun to the fullest, by placing small bets to enjoy more games, which is where casino games come in. You can also bet on sportbet, depending on the games your friend likes.

[DaNNy001]

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. 

The only way he could do that is when he decides to go with parlay selection and although it's not certain but I believe most gamblers are too keen with playing multiple selection. But if am the one playing with the 100$ I would probably do the same thing because since the whole context of the game is dependent on luck I would prefer going as low as I can and just enjoying my prediction and hoping that luck do he rest.

[Sandra_hakeem]

Some people will prefer to go for little odd with high armount of money, this is a silly mistake from some gamblers.

Everyone has a different preference as to how and what odd they'd wager at a particular period (depending on the game type, season etc..). Mind you, this is just another strategy - just like the ones you'd prefer. For me, if it's on virtual games, I'll prefer bigger stakes with about 2-4 games.
I think I'll be more comfortable to accept some sort of restrictions like this also - ^{even way less} for some reasons. The concept of wagering with bigger stakes aren't for no regular gambler; "to lose a dollar, you gotta learn how to be more free with losing a cent"

Your friend should gamble on casino games, because you can bet with $5 on different games and have fun playing it.

"spin to win" to be more precise.

[angrybirdy]

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 to him on how confident he is to the team that he choose, I mean $5 is enough to use per bet and the best strategy that he should do is not to used up all of his bankroll in just 1 day, He should know his betting limits too so that he's still have money left in his bankroll by the other days coming and In that way,  he has already practiced safe and responsible gambling method to prevent him being a gambling addict.

[passwordnow]

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?

If that's a good and safe start for him then yes. He can bet $5 for 20 different bets and it's up to him if he's going to bet that all at once or he'd take time on it like on a daily basis until his $100 runs out or until he meets 20 bets and then calculate how much the gains and losses with that period of time. And making the most of $100 varies for his set of choice in sports so, he should bet only to the games that he's aware of.
That's going to give him a lot of idea on how he's going to spend that for every bet that he's wanna do. Don't bet like others that even they don't know the teams and the sport itself, they're betting on it. YOLO as they say but don't do that if you're a newbie or if you persist and you want to do that as well. You can do it on your own but you have to make sure that you can avail those losses or else you'll get out of sports betting too early and don't want to gamble once again.

[Sunderland]

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?

With $100 bankroll I will place a single bet on sports with $20, if it win place another single bet with $20 + profits from the previous bet.
And if it win again, do another yolo bet with $20+ previous profits, for example with the odds 2x:
$20 bet - win = $40
$40 bet - win = $80
$80 bet - win = $160 => stop, and start from the beginning with $20 bet
If it lose on any stage, always back to $20 bet.

I suggest not to place a $5 bet on 20 different bets, it will be hard to win anything with that way.

[Davidvictorson]

A bankroll of $100 is not too big nor two small to use 5% each time on gambling but the decision belongs to the user. In some cases 5% of a $100 bankroll is very suitable on a game with higher odds because of the tendency of one of the games affecting bet but whereas on a very low odds I consider it too small to generate a good profit. Every gambler is obliged to make his own decisions according to his own detriment, if he now decides to use more than the 5% and faces loses, he is to face the loss alone, as a gambler every dollars worth and should not be easily lost. Gambling/Betting is always about risk taking, even a single bet can as well cut.

I provided my opinion based on what I think I would do and out of experience. Your comment I believe is also out of your own experiences and you are not wrong either. The OP cannot accept and apply every suggestion so he must take the one that most closely aligns with the principle of responsible betting and his personal risk tolerance.

[AmoreJaz]

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?

With $100 bankroll I will place a single bet on sports with $20, if it win place another single bet with $20 + profits from the previous bet.
And if it win again, do another yolo bet with $20+ previous profits, for example with the odds 2x:
$20 bet - win = $40
$40 bet - win = $80
$80 bet - win = $160 => stop, and start from the beginning with $20 bet
If it lose on any stage, always back to $20 bet.

I suggest not to place a $5 bet on 20 different bets, it will be hard to win anything with that way.

It is best to place bet on a betting line that he feels he has a very good chance of winning. In that way, he can increase his bet, let's say, from 5 bucks to 10 bucks. Placing 20 bets simultaneously is fine, if you are very familiar with the sports and you have a very good feeling that you have a lot of information to go this route of betting. However, such route is very tedious and time consuming.

Also, you can bet not continuously but only when you feel you have good chance on the sports you are betting with. You can vary from 5,10, 15 or 20 bucks per bet, depending on how you feel about the game. 

[boyptc]

With $100 bankroll I will place a single bet on sports with $20, if it win place another single bet with $20 + profits from the previous bet.
And if it win again, do another yolo bet with $20+ previous profits, for example with the odds 2x:
$20 bet - win = $40
$40 bet - win = $80
$80 bet - win = $160 => stop, and start from the beginning with $20 bet
If it lose on any stage, always back to $20 bet.

I suggest not to place a $5 bet on 20 different bets, it will be hard to win anything with that way.

While it looks a good strategy but you may have trouble with some of your bets along your way. It's doable and possible but it's not going to be as easy as it may seem to be.

But as you've said that if you ever lose, you shall go bak to $20 and if OPs friend can afford to lose $20 per bet then he can copy this strategy of yours.

[alani123]

Advice such as not to use a large percentage of your bankroll per vet makes sense if as a bankroll you count the total bankroll you have set aside for each month. So if you earn 1000$ a month and your expenses are 600$ then maybe you can save 450$ and play with the rest. But that's a highly subjective thing. If you earn more then the percentage could easily be smaller because you don't realistically need to bet huge amounts to have the same level of fun.


But to think that you can make the most of any amount is not a very good mindset. The more you set to win, the slimmer the chances. So it's better to just play for fun and only with what you can afford to lose.

[Orpichukwu]

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.

I also think the same way: any gambler who wants to use others advice to determine how much they should wager on a particular game doesn't really know what they are doing and needs to work on their gambling practice. The bankroll 5% to be used on each wager should be based on the amount involved. That's how I gamble; I can't have a 10-$40 bankroll and still obey the law of wagering with a 10-$40 bankroll. How much will that be and what return should I expect from such  a game?

[SmartGold01]

If that is the case he can play different bet with 1$ each for 5 times to get a total of $5 and he must not play continuously for the day if he lose or win them what happened is that he must set restriction for himself otherwise he might end up using all the 100$ to gamble and waste them all for just a day or two, but with this strategy he can only spent $5 per day but sometimes it's very tempting to have about $100 and expect to keep limiting oneself to just 5$ rather you would burst out to gamble when you feels like that game is much trusted and you are sure for your predictions. I takes discipline to control oneself on a particular betting strategy.

[MainIbem]

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?

Well, if his bankroll is $100 and he's been advised to use just %5 for gambling on Sports betting which he is  new to, then it's not a bad idea, I believe that setting limits is not a bad idea and is one of the ways of avoiding reckless spendings in gambling. I also think that the higher one's income is should be the higher the amount he uses to gamble and vise versa and since your friend is using just 5% I think it's a good idea cause from your statement I don't think he has a good knowledge of Sports betting and betting with such little amount for a start is not a bad idea, afterall experts have advised that gambler should only bet with what they can afford to lose. Also I don't advice him to bet $5 on 20 different bet, such strategy might take long before he makes profit but if he could divide the 20 bets into 4 different places and bet and bet $5 for the four slips with 4 bets then there is chances of him winning 1 or 2 out of the 4.

[dothebeats]

The percentages depend on what games is he playing. If it's on casino games, 5% may even be an awful lot, but if it's sports betting then that may be small especially if the odds favor him so much.

I will advice the guy to be dynamic on the amount he puts in on his bet though, and take a 'feel' on the betting situation before deciding how much he wants to really bet on the game that he's playing.

[STT]

Yes 20 different bets he has time to learn before his legs hit the ground and then he must win or stop his attempts at gambling.  It might take longer then that for some people to find their feet and start betting and getting some wins on a game they like.   Its not really the amount bet, its the risk in the gamble and your result that tells you did I judge and play this right going forward.  Ideally always play for the win not the money by itself as that can mislead some.

I always think the open sports bets are possibly the most human of all betting, you know the sport you watched and played your whole life so this is your game.  The skill then is matching the odds available and recognizing does value exist here even while I retain some doubts is it worth a gamble on this risk, that is the skill part.

[wxa7115]

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.

If the friend of the OP is looking to become profitable with sport bets, it makes sense for him to limit the amount of money he uses on each bet as a way to protect himself from losing it all, which is a strategy we see being used all the time by traders and which can be used while gambling as well.

However such a fixed bet does not seem as the best use of his money, as the bet size should be decided by taking into account the odds taken, so if an outcome is very unlikely to happen, we need to reduce our bet size, and if the outcome is very likely then it makes sense to increase it.

[Darker45]

Your friend may be new to sports betting but I assume he isn't new to the sports he is planning to bet on. I assume he is familiar with the game, the league, the teams, players, statistics, and so on and so forth. Otherwise, he doesn't have any business betting on them.

In which case, your friend doesn't have to strictly stick to that 5% advice. If he knows what he's betting on, he surely knows the level of risk per bet. Depending on this, your friend may place bigger or smaller bets.

And then there's also the factor of the betting odds. If your friend bets on huge favorites with very low odds like 1.15, it might be better to raise the bet to make a significant win. In the same manner that if the odds are very high like 15.00, your friend could risk a smaller amount. Or if your friend makes a multi-leg parlay, he could also place a smaller bet to control the risk.

[Nrcewker]

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?

In gambling no matter which strategy you follow, what’s the bet amount you use to bet, if your luck is not good, then no one can help you from getting into losses. Gambling is considered as game of luck, rather than game of skill, hence the only factor that is important here is luck. Your friend needs to be lucky in order to win here. If you seriously ask me for any suggestion, I would suggest your friend to try sports betting rather than casino gambling. Here the chances of winning is more.