Risk
How to Manage a Betting Bankroll
The staking plan matters more than any single pick.
Why stake size matters more than most bettors think
Two bettors with identical picks can have completely different outcomes based only on how much they staked on each one. Oversized stakes turn a normal losing streak into a wipeout.
Fixed stakes vs. percentage stakes
Fixed staking risks the same dollar amount every bet. Percentage staking risks a fixed share of the current bankroll, so stakes shrink automatically in a downswing.
Where the Kelly Criterion fits in
For bettors with a genuine, quantified edge, the Kelly Criterion gives a theoretically grounded stake size. Many use half-Kelly for smoother results.
FAQ
What's a reasonable stake size to start with?
Many disciplined bettors stay in the 1-5% of bankroll range per bet.
How do I know if my bankroll plan is working?
Run it through the Bankroll Simulator with your real numbers - it shows risk of ruin and drawdown, not just average outcome.