But I have more questions, like should I bet the same amount on every game? There are no locks - and certainly no free money - in sports betting. Remember, the name of the game is bankroll survival. Some books will take bets of less than a dollar, by the way. Your bet size decreases as your bankroll does, by the way, not the other way around, and you shouldn't go 'all-in' until you're down to the minimum size of bet the sportsbook will take. If you're starting the football season with a $500 bankroll, your biggest bet should be $25. You should only risk 2-5% of your bankroll per wager. This is an amount of money you are giving to the bookmaker for football season, knowing that you likely won't get all - or any - of it back, and still be just fine financially.ĭon't be 'Billy Big Bet.' Use your brain, not your ego, to decide how much you can afford to lose. This shouldn't be money on your credit card or funds that may cause you to pay a bill or two late. It must be disposable cash income an amount so meaningless that unforeseen circumstances could cause you to accidentally dispose of it down the toilet and then be able to chuckle about it. How much can you afford? Only you - or your significant other - know for sure. In order for your bankroll to survive, you first have to establish one. (Part 1 of a 2-part 'Guide to Betting Football' series) In preparing to create the ultimate bankroll survival guide, I spoke to bettors, bookmakers and counselors for advice on keeping us in the game (for once) this football season. I'm not, either, for what it's worth, but I know a few.

Less than 5% of established sports betting accounts are believed to be profitable, and since you did just click on an article titled 'Rookie bettors camp,' odds are you're not a seasoned, successful sports bettor. 'Sports betting is a long-term investment, a grind,' Stone said. 'Son, there's no easy money to make betting sports,' Stone's father told him.ĭecades into his sports betting career, Stone knows his old man was wise.

When Paul Stone's late father Richard first discovered his son's interest in sports betting, he cut to the chase:

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