How much of your bankroll should you play with sports arbitrage betting?

How much of your bankroll should you play with sports arbitrage betting?

In this post, I would like to share my experiences regarding how you should use your stakes while arbitrage betting and developing in it.

A lot of people who start researching profitable sports betting strategies and smart betting, are looking for a supplementary income or even for a stable income for living.

I can say that both goals are viable, but in the beginning, I recommend making betting only a side hustle for you.

Bankroll management is a basic, key element of every sports betting strategy.

No matter how you choose your picks or odds, placing bets with the right stakes is a crucial moment. Doing it right can reduce the chance of losing and can also reduce the variance.

What is bankroll management in sports betting?

Choosing your stakes in betting is similar to the real-life scenario of making financial decisions when buying.

If you start buying groceries and other goods you need at lower prices but with similar quality, your savings will increase.

In sports betting, you are buying betting opportunities. Your goal should be to “buy” these picks at the best stake possible.

Money management strategies are supposed to help you maximize your winnings with less risk taken.

While betting, your resource is the balance you have at the bookmakers. Our intention is to use this capital in a way keeps the chance of losing all of it low.

Placing stakes that correspond to your current bankroll situation and your betting strategy is called bankroll management.

The main role of staking plans is to guarantee the edge against bookmakers and to remain profitable in the long run too.

How much should you bet on arbitrage bets?

The amount you can and should bet on each pick is different by the stage you are in.

No matter what kind of strategy you are following, in the beginning it is advised to start with very low stakes.

Placing bets with 1% – 2% of your balance will help you delay being limited by the bookmakers.

At the very start, even a normal punter can be red-flagged by the bookmaker if the starting stakes are too high, like 30% – 40% of your starting balance.

In my experience staying under the radar for a new customer is crucial.

The more bets you already had, the more you can place on a single bet.

Arbitrage bets can generate decent money only if the stakes are relatively high.

For example, if you have 1500 euros at a bookie, your stakes can be even 150-250 euros at a good opportunity.

On the other hand money management with value betting is more complicated. Generally speaking, value bettors are using smaller stakes but still can make more profits than arbers.

You can read more about value betting in this guide.

Bankroll management strategies for sports betting

Arbitrage bettors don’t need strict staking plans like the ones who are not covering the other outcomes.

However, having some kind of plan is a wise decision. In my experience increasing the stakes while arbing is a viable option only to a certain level. No matter how big your balance is, bookmakers won’t support too high stakes.

Flat staking in sports betting

Placing bets every time with the same amount of money is the most basic strategy.

Based on my experience betting like this is not optimal. Your profits will be decent, but you can’t maximize them.

The biggest advantage of this bankroll management is that you can’t make big mistakes, your results will be constant.

If you don’t have too much experience in sports betting, choosing this bankroll management system is a safe way to start.

With arbitrage betting, I usually use at least 8% – 10% of my capital.

This way I’m not betting for pennies, but I’m also reducing the risk of winning too much at one side.

Staking after profit percentage

I use this staking model with arbitrage betting and value betting too. The amount of my stakes is based on the possible profit of the arbitrage opportunity.

I like to place a decent 6% — 10% of my capital as flat stakes on arbs that are between 1% — 3%.

But when a good opportunity comes with wrong odds that can offer a 4% — 6% return on my bets, I increase my stakes up to even 8% — 15% of my total balance.

I play this aggressive staking strategy only in live betting because there I have less chance to get caught by the bookies.

Beginner bettors and their mistakes

When you start betting you can’t avoid mistakes, which have a cost, sometimes even a very big cost. During my journey in betting, I paid the price of not being experienced.

In the beginning, this meant 100-200 euros per month at least (with a small bankroll), later on the journey, a mistake could cost me even 2000 euros or more.

While arbing you will make a lot of simple human errors that will cost you a lot.

Covering bets on wrong markets, wrong odds or lines can boost your income significantly if you win both legs.

But sadly I wasn’t so lucky in the long run to make profits from these mistakes.

Arbitrage and value betting for beginners

For the beginning, I suggest you put away a part of your income only for this purpose and do not risk the part you need for living expenses.

If you are a complete beginner, I recommend you start your betting journey with matched betting and arbitrage betting.

With matched betting and arbitrage betting you can get to 2500-3000 euros of profit quite easily.

I suggest, not to use every bookmaker available for you, because some of them are way more valuable for value betting than burning them for arbitrage betting.

Sports bettors with bigger capital

When you have this capital and you are familiar with the world of betting you can start learning about value betting.

There are a lot of strategies out there about value betting, which in the long run can generate you way more money than matched and arbitrage betting.

Value betting is not requiring more money for a single bet, but you need more continued betting even in a long streak of losing.

This technique is based on mathematics, which will guarantee you a decent payback in the long run, but in a shorter period like 100-200 bets, you can experience bigger losses too.

For more info, you can read the article about how to find arbitrage bets.

FAQ

What is bankroll management in sports betting?

Money management strategies are supposed to help you maximize your winnings with less risk taken.

How much should you bet on arbitrage bets?

Placing bets with 1% – 2% of your balance will help you delay being limited by the bookmakers.

Bankroll management strategies for sports betting?

Flat staking and Staking after profit percentage are the main strategies.

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