We advise bettors to wager a fixed percentage (e.g., 1-3%) of their bankroll on each bet. This approach helps maintain consistency and mitigates the risk of losing a significant portion of your bankroll during a losing streak.
The Kelly Criterion is a mathematical formula used to determine the optimal bet size based on the perceived edge and odds. We introduce this concept to our audience and provide tools or calculators that help them apply the Kelly Criterion to their betting decisions.
We encourage bettors to stake the same fixed amount on each bet, regardless of their confidence in the outcome. Flat betting is a simple, conservative approach that helps bettors avoid overextending their bankroll.
This strategy involves adjusting the bet size based on factors such as confidence level, perceived value, and odds. We teach bettors how to assess these factors and determine the appropriate bet size for each wager.
We provide tools or resources that help bettors calculate their risk of ruin—the likelihood of losing their entire bankroll—based on their betting strategy, win rate, and odds. This information can help bettors make adjustments to their strategy to minimize their risk.
