How Much Money Should You Wager on a Sports Bet? Bankroll Management Tips

In this video, we answer the sports betting essential question of how much money should wager on a bet.

It is one of the most common questions asked in the sports betting world, so Matt tackles this one in this sports betting tutorial.

Essentially, this question is asking about bankroll management, a sports betting 101 concept. Your bankroll is the amount of money that you are comfortable betting on sports.

This is a number that you have to come up with yourself, as nobody can answer this for you. The most important part is to bet responsibly- your bankroll should be an amount that you are comfortable living without.

How to Manage Your Bankroll in Sports Betting:

• Learn how to set your own personal bankroll based on your financial situation.
• Find out what percentage of your bankroll to risk on any given bet.
• Learn the Kelly Criterion method to figure out a specific bet amount based on expected profit margin.

Additional Resources:

• What is the Kelly Criterion?
• OddsJam Walkthrough: How to Use OddsJam
• Best Odds Boosts from every Sportsbook