10 Essential Bankroll Management Tips for Recreational Bettors
- Set a strict monthly betting budget (never exceed 5% of disposable income)
- Use the 1-3% rule: bet only 1-3% of your bankroll per wager
- Track all bets using spreadsheets or betting apps
- Separate your betting funds from everyday expenses
- Never chase losses with larger bets
- Set win/loss limits for each betting session
- Take regular breaks to reassess your strategy
- Avoid betting under emotional stress or influence
- Use bonuses wisely - read terms and conditions
- Consider betting as entertainment, not investment
Proper bankroll management is the foundation of successful recreational betting. These proven strategies help maintain control while maximizing your enjoyment and minimizing financial risk.