THE IMPORTANCE IN SPORTS BETTING AND POKER
Anyone who is serious about sports betting or intends to regularly play poker should pay attention to one of the main factors in the success trajectory of a professional: Bankroll management.
One point that both disciplines have in common is that decisions must be based on the perspective of long-term gains, i.e., one must always make choices where the Expectation of Value is positive and have enough bankroll to repeat the same action many times so that, with sufficient sampling, expectations are realized in a positive return on investment (ROI).
The idea of bankroll management is to ensure that the investor or player is always playing within the limits of his bankroll. To illustrate, imagine a player with $200 in his bankroll – what would be the best strategy: 40 bets of $5 or 2 bets of $100?
Even though the bet may seem like a “bargain”, there is the risk of loss, and with two bets of 100 reals the player is working very close to the risk of ruin. Whereas, unless the player is betting on crazy combos or without a consistent betting strategy, the player is less likely to lose his entire bankroll in 40 bets.
A side effect of bankroll management is that, within limits, the stress factor has little impact on the execution of https://2wpower.com/en/sweepstakes-software-providers betting strategies. The emotional charge when chasing each outcome is significantly lower, which results in much cooler and more conscious decision making.
Simplified Bankroll Management Strategy for Sports Betting
The simplest way to manage your bankroll is to limit the amount of bets to a percentage of your bankroll. Experts recommend this value to be between 2% and 3% for more conservative investors and between 4% and 5% for more aggressive investors and with the prospect of making top-ups should the need arise.The higher the percentage of the bankroll, the greater the variance (the ups and downs) and the closer the risk of ruin (the investor not having more resources in his bankroll to pursue the long term).
Bankroll management in poker
Bankroll management in poker varies according to the type of game being played. Games with more variance like Omaha require more conservative management than text hold’em. Tournaments need much more bankroll than sit-and-gos. Cash games vary according to the betting structure (there are management strategies for no limit, pot-limit and limit).
Simply put, if you intend to play texas hold’em tournaments, the ideal is that your average buy-in does not exceed 1%. For Omaha tournaments, 0.25% ABI (average buy in) is recommended. For Sit-and-go text hold’em, amounts between 2% and 4% tend to be a good strategy.
Of course, good bankroll management does not help if you are not a player who expects to win in the long run.
Good luck to all!
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