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Gambling 101: What is Bankroll Management?

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Gambling 101: What is Bankroll Management?

Proper bankroll management is important to a profitable, long-term, and more enjoyable sports betting experience.
There are simple practices that can help bettors avoid busting their bankroll and we're here to let you know what they are. First and foremost, players should never place bets with money they can’t afford to lose- it's wise to never bet more than 2% to 10% of available funds on any given day. Then you want to Shop Around For Best Priced Odds and Juice.

Here's a tip, registering an account at more than one sportsbook allows bettors an opportunity to shop for the best odds and lowest priced juice. While opinions vary, and it’s a personal choice, hedge betting can also help players protect their bankroll. Bettors have an opportunity to set up a guaranteed return prior to a match. The Moneyline decreases the parlay ticket profit but it does set up a no-risk return. Accepting guaranteed returns is something I personally like the sound of! So by setting daily wagering limits, shopping for the best odds and prices, plus considering hedge bets, players can boost their bankroll and decrease the chance of going broke. 

If you need more help fine-tuning your gambling skills make sure to bookmark Sports Illustrated's Glossary of Terms and tune in for another Gambling 101 here on SI.com

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