Best bankroll management strategy for beginners?

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The simplest bankroll plan that works for most beginners: set aside money you can afford to lose, and bet a fixed 1–3% of it on each wager. That amount is called a "unit."

Step by step:
  1. Pick a bankroll. This is entertainment money, separate from rent, bills and savings. Example: $500.
  2. Set your unit. 1–2% is a good start. On $500, 1% = $5 and 2% = $10.
  3. Bet the same amount every time. Don't jump to 5 units because you "really like" a game.
  4. Track everything. Date, bet, odds, stake, result. A spreadsheet or notes app is fine.
  5. Re-check monthly. If your bankroll grows to $700, your 1% unit becomes $7. If it drops to $350, it becomes $3.50.
Why it matters: even good bettors hit losing streaks. At -110 odds you need to win about 52.4% of your bets just to break even. With $10 units on a $500 bankroll, a 10-bet losing streak costs $100 and you still have $400. Bet $50 a game and the same streak wipes you out.

Common beginner mistakes: - Chasing losses with bigger bets - Treating bonus money as "free" and blowing through it - Betting too many games just for action

Most US sportsbooks also have deposit limits, time limits and cool-off tools in account settings. Worth setting up early.

How do you size your bets? Flat units, percentage of bankroll, or something else? What would you tell someone just starting out?

21+. If gambling stops being fun, call 1-800-MY-RESET.
 
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