Just like a horse can get stuck in the stalls, a punters betting career can end before it barely has a chance to get started.
This happens when the punter in question stakes too much money on one too many “sure things” which go on to lose.
So how can you avoid this happening to you?
Answer: You just need to have a betting bank.
Making a profit from your betting is a long term game, and no matter how good you are – and how much of a “sure thing” you are betting on – along the way, you will have losing runs.
And in order to make it through these losing runs, you need to have a betting bankroll that can withstand them.
A betting bankroll is money that you have set aside to bet with. This betting bankroll should then be split up into “points” which will be the amount you stake on each selection.
As a general rule of thumb, I recommend that you split your betting bankroll into at least 200 points.
That would mean if you had set aside £1,000 to bet with, you would stake £5 on each bet if you were betting to 1 point level stakes.
The 200 point bankroll is just a general rule of thumb. And the best size for your bankroll will depend on what type of bets you are placing, and what you are betting on.
If you want more info on how you can work out the best bankroll size for your own betting, read the following article:
Until next time,
P.S. One of the easiest ways to make a profit from your betting is to combine a solid bankroll management strategy with the selections of a decent tipster.
To view all the tipsters I use myself, and recommend, click the link below: