One of the main reasons for this post is that many sports bettors don’t know where to start when it comes to maintaining their 22Bet bankrolls. They know they’re required to have a bankroll, but they’re not sure what that means or how it should be modeled. Let’s look at what makes a good sports betting bankroll.
It Must Be Separated
You cannot mix your sports betting bankroll with your ordinary bank account or cash. You must keep your wagering funds fully separate from any other assets. This is significant for several reasons.
For starters, it will allow you to stick to your sports betting strategy without allowing emotion to enter the picture. If you are conscious that specific sums are part of your bankroll and not just normal money that you can spend, you will be less tempted to miss bets in order to use that money to buy something else.
If you consider yourself to be emotionally strong, this may not seem like a big concern, but trust us on this one. You’ll be able to keep your sanity better if you keep these funds separate.
Second, it will reduce the emotional highs and lows associated with sports betting. When you lose bets with money that is obviously part of your bankroll, it doesn’t hurt as much.
To be clear, we’re not just talking about mentally separating things. We recommend splitting them or keeping them in separate accounts. Even if you are clear in your mind that they are distinct, seeing them together tends to diminish that certainty.
That Should be Inaccessible
What we mean here is that you need a bankroll that you don’t mind not pulling money from for a long. With sports betting, your knowledge is the moneymaker, but your money is the tool you use to turn that knowledge into profit.
Have you heard the expression “it takes money to make money”? When it comes to handling your sports betting money, it is unequivocally correct. To properly use your money to make more money, you must be willing to “part ways” with it for a while.
This should not be a big concern because you should never gamble money you can’t afford to lose in the first place.
It Must Be Trackable
The only method to assess how well (or poorly) you’re performing is to keep meticulous records of your bets. You’ll need this data to figure out what steps to take to boost your bankroll. This is one of the most compelling reasons to keep your money separate and untouchable. If your funds are all mixed up and you’re constantly putting money in and out, you’re going to have a nightmare trying to keep track of everything in your betting bankroll.