Making the Most of $100 bankroll

[dimonstration]

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?

There’s no standard rules on you manage your bet. Those 5% of your bankroll bet is just a preference bet of some people but that doesn’t mean it’s the standard and right approach. There’s no right or wrong in gambling you are just relying on luck when you place bet even if it’s a sports betting.

I think asking your friend how he can enjoy gambling rather than following someone advice is the best thing to do. After all, we are just seeking to have fun when are gambling so it’s better to choose a strategy that will make him happy. If he likes betting in much higher percentage so be it. Because no one is right in gambling except you who owns the money.

[uneng]

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, that can be a strategy to place 5$ on 20 difference matches... It's up to your friend to decide what strategy he is going to use. Personally, I think he shouldn't place 5$ bets on 20 games at once. Place one bet and wait for the outcome. Then keep gambling on further matches step by step.

In case losses start accumulating, he may try a desperate last move by raising the bet size in a decisive match in order to recover previous losses and remain gambling with that same initial bankroll. Gambling strategies aren't static. The gambler has to mould which of them to use, accordingly to the current scenarios and challenges faced by him in present time.

Since your friend is new in sports betting, I think he can place even lower bets, so he can get more experienced on this practice without spending too much money on the process meanwhile. Once he gets more confident, then he can start placing more expensive bets such as 5$. I guess 100$ is a lot of money, and can last for a long time, if the gambler manages how to control it wisely.

[Wapfika]

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, that can be a strategy to place 5$ on 20 difference matches... It's up to your friend to decide what strategy he is going to use. Personally, I think he shouldn't place 5$ bets on 20 games at once. Place one bet and wait for the outcome. Then keep gambling on further matches step by step.

Right, It doesn’t make sense to force having 20 bet using small amount on a single go since it’s very hard to find 20 matches on a single day that you can do proper analysis.

In case losses start accumulating, he may try a desperate last move by raising the bet size in a decisive match in order to recover previous losses and remain gambling with that same initial bankroll. Gambling strategies aren't static. The gambler has to mould which of them to use, accordingly to the current scenarios and challenges faced by him in present time.

The idea of having fixed betting percentage is to avoid chasing losses when losing streak occur. This is why this kind of strategy focus on the number of bets to have a minimal losses when losing streak occur and slowly recover it back by winning more with remaining bets. Increasing your bets just to recover losses will defeat the purpose of this strategy.

Since your friend is new in sports betting, I think he can place even lower bets, so he can get more experienced on this practice without spending too much money on the process meanwhile. Once he gets more confident, then he can start placing more expensive

 bets such as 5$. I guess 100$ is a lot of money, and can last for a long time, if the gambler manages how to control it wisely.

I believe he shouldn’t focus on the odds figure itself but rather to his own sports analysis. He should place a bet on team or a pick that he knew will win due to his research regardless of the odds because this is how you can enjoy this kind of game by proving your prediction correct.

[Alphakilo]

There’s no standard rules on you manage your bet. Those 5% of your bankroll bet is just a preference bet of some people but that doesn’t mean it’s the standard and right approach. There’s no right or wrong in gambling you are just relying on luck when you place bet even if it’s a sports betting.

I am of the same viewpoint. Nobody should feel as if they are being up in a box to follow a certain rule. We are independent thinking humans and can make our rules or modify them as we see fit. It is true that 5% of the bankroll is not an agreed figure. His fried can do 1% or 3%. I think that it takes maturity to do this.

This looks like I am going off point but if he is confident enough in his sports betting ability, then he can do his $5 per bet on 20 games. The cumulative winnings will be small because of his bet size but he will be sure of a win if he bets on unfamiliar leagues in Europe and not well known leauges like the Premier League, La Liga, Bundesliga etc. He doesn't have to do it but he can do it for the experience of it.

[bitzizzix]

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.

Yes that makes sense, and the OP could also place a 25% bet on 4 games and if it's a sports bet, do those 4 games before betting, it's best to do a thorough analysis of all the sports being bet on. And you also have to choose sports betting on teams that have a chance of winning and look for accurate information, previous matches, statistics and so on to convince you in making a choice.
Betting $5 on 20 games is a waste of time because if you win on some games, your winnings will still be small.

[Findingnemo]

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 his entire bankroll is just $100 then I would say go with the bigger risk like $10 for a bet cause the favourite games might not have great odds so chances of rewards are also less. Or take the approach with minimal risk as you said if the only intention is to experience the bet not really the rewards.

For casino the recommendation can be simple, just bet $1 straight for 100 and let's see whether your friend is lucky enough to reap the rewards.

[AbuBhakar]

Yes that makes sense, and the OP could also place a 25% bet on 4 games and if it's a sports bet, do those 4 games before betting, it's best to do a thorough analysis of all the sports being bet on. And you also have to choose sports betting on teams that have a chance of winning and look for accurate information, previous matches, statistics and so on to convince you in making a choice.
Betting $5 on 20 games is a waste of time because if you win on some games, your winnings will still be small.

I preferred too having less pick to focus on quality of my bets rather than choosing 20 bets with small amount of money involved just to have less risky bet. I consider it more risky of you don’t do proper analysis regardless of the amount because the confidence for that bet will be low compared to a proper analyze bets even with huge amount at stake.

I might do a 2 50$ bets but place in different day within a week or month. This way I can have more winning rate because of proper preparation time while the potential profit amount is already equivalent to 10 games of 5$ each bet which is more convenient for me.

[rdluffy]

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.

But my suggestion is not to place 20 bets in one day
I didn't suggest that
As the OP himself suggested, you can split the bankroll of 100 dollars into 20 bets, and I thought that was very good

Everyone needs to find their own betting style, and I thought it was a good start.
Maybe 1 bet a day is a good idea, he'll have plenty of time to see how it works, he'll lose some bets, win others and he'll be able to develop the method that works best for him

[Rabata]

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.

Yes that makes sense, and the OP could also place a 25% bet on 4 games and if it's a sports bet, do those 4 games before betting, it's best to do a thorough analysis of all the sports being bet on. And you also have to choose sports betting on teams that have a chance of winning and look for accurate information, previous matches, statistics and so on to convince you in making a choice.
Betting $5 on 20 games is a waste of time because if you win on some games, your winnings will still be small.

Everyone wants to get a decent amount of money from gambling. That is to say, there is no benefit even if there is a small amount of money won by betting. Because  small amount of money doesn't make any good impact in winning. But for those who don't want to take risks or consider gambling just for fun, the financial aspect is not very important. As a gambler I think a 5 percent bet is not too much. If it is used in extremely 5-10 bets without splitting it into four there will be a chance to increase his bankroll by winning. Win or lose there will be reduced risk. The way we plan to place bets according to the formula may vary in practice.

[Su-asa]

There’s no standard rules on you manage your bet. Those 5% of your bankroll bet is just a preference bet of some people but that doesn’t mean it’s the standard and right approach. There’s no right or wrong in gambling you are just relying on luck when you place bet even if it’s a sports betting.

I am of the same viewpoint. Nobody should feel as if they are being up in a box to follow a certain rule. We are independent thinking humans and can make our rules or modify them as we see fit. It is true that 5% of the bankroll is not an agreed figure. His fried can do 1% or 3%. I think that it takes maturity to do this.

This looks like I am going off point but if he is confident enough in his sports betting ability, then he can do his $5 per bet on 20 games. The cumulative winnings will be small because of his bet size but he will be sure of a win if he bets on unfamiliar leagues in Europe and not well known leauges like the Premier League, La Liga, Bundesliga etc. He doesn't have to do it but he can do it for the experience of it.

Rules can be made and it can also be broken, one can make a rule and still broke the rules because he's the one who made the. Gamble can easily influence a gambler who's not careful with his/her bankrolls. It can cause additions when you can't manage your bankrolls and your gamble life. 5$ per bet is not a bad idea because there are many bets that just a single game have lost, so if you bet 5$ on 20 different games singly, it's 100$ in sum and I believe there wre gambler that bet more than 100$ on bet, although winning big is totally depends on thr odds you stake on.

[CryptoHeadlineNews]

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,

By whom? who\ told Him, not to bet 5% of his bankroll?

because I believe that 5% is enough to run a bankroll or he can make even higher because depending in his time availability.

Sorry to say this, but if you could read the question well, you will observe that O.P said his/her friend was asked not to gamble more than 5% per bet, and not that 5% is not good enough for betting, because it seem you misunderstood it. But however, I must say that whoever may have given such advice to O.P's friend may have had his/her personal reasons,  just as we have got many others on this thread who is suggesting $20 to be used per bet, but whatever the case may be, I will say that with $5/bet for $100, it gives the gambler 20 opportunities to try his luck, unlike if it's $20, where you only have 5 chances just to try your luck. Hence the amount stake, should correspond to how convinced you are about whichever particular game.

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'm enough for 10 dollars per bet  because i believe that luck will come even in short period of gambling time .

while thinking about what strategy to be used on a particular bankroll, please let gamblers not forget that this is a game of luck too, where you stand the chance to either win a price and lose it all.

[famososMuertos]

It is a 5:100 ratio, let's say you bet $5, in practice that is equivalent to only 20 bets.

Read well, 20 bets, then you have a success percentage based on the average probability, so in effect if you don't want to have bankroll problems, it is a good relation size-bet.(*)

Obviously, there is no shortage of the "Dumbs," who tells you it is very little, and the answer is no, it is fine, just diversify the bets, for example by making bets of $1.  It's just basic math, what happens is that people feel "comfortable" betting $20, $50, $100, etc.  Because they know they can take an extra $100 out of their finances.
  
^{(*) Sportsbet}

[stadus]

 It's just basic math, what happens is that people feel "comfortable" betting $20, $50, $100, etc.  Because they know they can take an extra $100 out of their finances.

I'm comfortable with taking $100 from my income but I don't want to use it in one game, I want to diversify it make it last to enjoy the money I'm risking in sports. It really matters to each one of use becasue some could take out $100 in a daily basis but some is on a monthly basis, so if you are a guy who can only afford $100 to lose in a monthly basis, you have to take it easy and learn how to properly manage your bankroll, then that $5 per bet will work on you. ^{(just don't be greedy along the way)}

[Casdinyard]

Hmm, that's quite a tricky question, by the by, the 5% bankroll bet amount is nothing but an unspoken rule amongst disciplined gamblers, and there's no real statistical evidence that suggest this 5% bankroll setting's gonna give you the most satisfying gambles out there. Personally I don't do it, and am more into around 10-20 daily, but that's only because I am a high-roller and I like gambling for the adrenaline and fun. Otherwise I wouldn't have gone so far as to even spend more than 6%.

100 bucks? If you'd ask someone like me, I say he make it in threes, or divide it by 6, that way, he can make 6 individual sportsbets, with at least one of these games striking him a win. But we're not here for the win and the profit, what I'm getting onto is bankroll management which will allow him to either earn and make the most out of his gambles, or secure his bankroll from further losses.

As soon as he's divided his bankroll into 6, he needs to only bet on 3 games per day, and if he ends the day with a net win, save the earnings and put it towards next day, eventually if he's smart with his earnings and he's a little lucky, he's going to see his initial 100 bucks accrue in value.

[rahmad2nd]

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?

My question is, what do your friends do just for fun?  What's more, does your friend really know the type of sport that he likes and understands? because that's important for me personally, so that we can minimize losses. although in the end, luck comes into play when we carry out a betting session. Talking about betting budgets, it comes back to my first question, what are your friends' goals in their sports betting. The answer is, keep it to yourself. Well, no matter how small the bet your friend bets, if it's for fun, it doesn't matter. However, the problem is, only with the bankroll that your friend has and the goal is to multiply as much as possible, it seems that it will be difficult to achieve this, especially if you bet no more than 5%. Well, I really like this type of football betting. usually, I bet on single bets. Just 1 or 3 matches is enough for me every week, and not more than that. The reason why I do it is none other than to limit the bets I make and to avoid taking part in unnecessary matches. The concept is simple, from among the existing schedules, choose the one that we think has a fairly high probability of winning. If in doubt, don't hesitate not to bet. Well, your friends can divide your bankroll for the three matches you have chosen. The result is according to the odds option that we choose. After all, there are many options of sports betting. However, if your friend still only budgets 5% of his bankroll, choose multibet with lots of matches. But don't have big hopes, because winning multibet bets really relies on luck. Well, make a choice with friends and and good luck.

[Slow death]

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?

This issue of putting as a percentage the amount that the person should use to have good bankroll management, seems to me not to be a good idea. This is because there are many cases of people who have a small bankroll and in these cases of people who have a small bankroll, if they used 5% or 1% they would definitely be playing with a very small amount, for example a person who has 5$ and if that If a person listens to the 5% advice, then he would be playing with 0.25$ on each bet and even if he was lucky to get a bet right, he would not be happy with the gain he would have. That's why, in my opinion, the ideal is for people to manage their bankroll in a planned way

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

As I was saying in my comment that answered your first question, bankroll management must be planned in the sense that you have to see how much money you have per month that is destined for gambling, for example from a person who makes sports bets and has 100$ per month to place sports bets, this person must allocate 25$ each week to place bets. Now how will this person define the amount of money they will put into each game per week? It's simple: if in a week that person analyzes a lot of games and realizes that they have 5 good games to bet on? So put $5 on each game. what if in another week that person realizes that they only have 4 games to bet on? So put $6 on each game. what if in another week that person realizes that they have 10 good games to bet on? so put $2.50 on each game. Always use a maximum of $25 each week

[crwth]

Well, that would be ideal to do that so he could make use of that for a long time. Technically, you can treat it like trading there are risks involved. Maybe take it step by step so that he can take advantage of the prolonged capital? That would be a great approach and make sure that he studies it and then bet.

[Distinctin]

Well, that would be ideal to do that so he could make use of that for a long time. Technically, you can treat it like trading there are risks involved. Maybe take it step by step so that he can take advantage of the prolonged capital? That would be a great approach and make sure that he studies it and then bet.

But the main purpose is to grow that capital, for a $100 bankroll, it will not easily grow to a significant amount of money so it does really require a lot of patience if OP is trying to achieve profitability in gambling. Actually, it's even very hard or close to impossible to win $100 from a $100 capital on a daily basis, so OP should understand that eventually as the gambling took longer, the frustration and greediness will likely be in place if that discipline and patience will be taken out.

[Kelvinid]

Well, that would be ideal to do that so he could make use of that for a long time. Technically, you can treat it like trading there are risks involved. Maybe take it step by step so that he can take advantage of the prolonged capital? That would be a great approach and make sure that he studies it and then bet.

But the main purpose is to grow that capital, for a $100 bankroll, it will not easily grow to a significant amount of money so it does really require a lot of patience if OP is trying to achieve profitability in gambling. Actually, it's even very hard or close to impossible to win $100 from a $100 capital on a daily basis, so OP should understand that eventually as the gambling took longer, the frustration and greediness will likely be in place if that discipline and patience will be taken out.

That range of amount could just be for experiment if you think of growing your bankroll. If you are serious with sports betting, you don't put $100 as your bankroll, maybe $1000 to $10,000 as that is really for long term battle. That would measure also your capability as a sports bettor and you will see the outcome if you are profitable or not. Betting like $5 for 20 bets is not ideal, because we will lose the quality of bets, we should have a long term goal and always think of success, otherwise that 5% of your bankroll as wager is not so relevant.

[Akbarkoe]

Well, that would be ideal to do that so he could make use of that for a long time. Technically, you can treat it like trading there are risks involved. Maybe take it step by step so that he can take advantage of the prolonged capital? That would be a great approach and make sure that he studies it and then bet.

But the main purpose is to grow that capital, for a $100 bankroll, it will not easily grow to a significant amount of money so it does really require a lot of patience if OP is trying to achieve profitability in gambling. Actually, it's even very hard or close to impossible to win $100 from a $100 capital on a daily basis, so OP should understand that eventually as the gambling took longer, the frustration and greediness will likely be in place if that discipline and patience will be taken out.

I think the OP's friend wants to bet on soccer matches and in soccer betting is also not that simple, because basically you need to look at the odds in each match, each odds in the match is different if we do a single bet, unless maybe he uses parlay betting and using small capital can really make it a long bet, but for the growth of his money it will be very difficult because the guess must match the results of the match so as not to cut off his victory.

I think his goal is wrong because he wants to increase his money in gambling, although it is possible but this depends on luck in any form of gambling, something like this is not in accordance with the concept of gambling is a place to seek entertainment, this will be wrong and can make OP's friend disappointed and will be angry when his money is lost in gambling and we will know how in the future.