You can be the best handicapper in the world, but without proper bankroll management, you are doomed to fail. This guide breaks down the fundamental principles of protecting your capital.
The Unit System
A "unit" is a percentage of your total bankroll, typically 1-2%. By betting in consistent unit sizes, you protect yourself from catastrophic losses during a downturn and ensure your emotions don't dictate your bet size. A standard bet should be 1 unit.
Avoid Chasing Losses
- Never increase your bet size to win back losses. This is the fastest way to empty your account.
- Take a break. If you're on a losing streak, step away for a day or two to clear your head.
- Stick to your strategy. Trust your handicapping process, even when the results aren't going your way.