Money Management

[Betboy69]

Hey, I'm new to this forum having just decided to start taking my sports betting seriously.

I've done a bit of reading and have decided on the following rules regarding my bankroll / money management.

Starting bankroll £400.

£350 for my singles and doubles line
£50 for my trebles + line

I'm going to flat bet at 2% of my stake so £7 for the singles and doubles and £1 for my trebles + line.

When I reach 25% profit on a line (i.e 437.50 on the singles and doubles), I'll go for 2 more days, then if I'm still above 25% total profit I'll up my stake to 2% of the bankroll at the time.

I only bet on the football at the moment as I feel it is the only sport I have enough knowledge about.

Any thoughts or advice on my plan would be greatly appreciated.

I look forward to chatting on the forums!!

[carle]

sounds like a good plan.

[gamble14]

Excellent plan, the key is to following through with it. Always tempting to break the rules after some losses, so always remember why you have them in place GL