Home I eSports I eSports Betting I Part 1 Bankroll Management in eSports Betting
One of the most important parts of eSports betting for professionals is so called Bankroll Managements. It is the basis for every successful gambler. No matter how good you are in eSports betting, if you can’t manage your money, you will encounter difficulties to maximize your profit.
Managing your bankroll is extremely important, and includes details like how much cash you can afford to lay down on each bet, how often and if you should vary the size of your bets, whether or not you should hedge your bets, and basically every financial decision you make about your gambling.
Our Bankroll Management in eSports Betting article is the right place to receive important tips in order to help you to improve as a successful bettor.
The Internet is full of different kind of betting systems, whose goal is to help you in managing your bankroll account. Basically, they all suggest you increase your bets when you are winning and decrease when losing. Unfortunately, many of these betting systems are sold by touts looking to make a quick buck on novice sports and eSports bettors. The truth is that it’s much smarter to work out a set percentage of your bankroll as a maximum wager, rather than increase your stake after two or three winning bets in a row.
Are you betting just for entertainment or do you want to make a career in eSports betting? It is good to define what type of gambler you want to be, and that will help you improve your bets and bankroll management. If you are serious about gaming betting, you really need to look at your bets as investments. In this case, you might set your max wager amount a little higher when you see good opportunities for investment. Figuring out why you’re betting on eSports and what type of bettor are you is a big part of managing your bankroll.
Most sportsbooks are offering tools for their customers to help them in tracking their results. Take advantage of bankroll management tools built into various online sportsbooks. Bookmakers that post your account balance clearly on every page of the site and those that have user-friendly account management tools can be really useful. You need to keep track of your bets in order to learn your strengths and minimize mistakes.
Flat betting means that you will bet equally on every chosen match. Imagine that you want to bet on three eSports matches in one day. We will use an example of our partners from William Hill. So you want to bet on three matches from Counter-Strike:Global Offensive ELEAGUE – Navi vs SK, Astralis vs ALTERNATE, and Team EnVyUs vs Team Dignitas, choosing the favorites from each match. It’s smarter to use flat bets on all of the battles. If you think that SK, Astralis, and Envuys will win, you need to bet $10 on each of the matches. Even if SK loses to NaVi, and the rest of the teams win their matches, you will still be on the winning side. Make smaller wagers and risk only after a deep analysis of the games.
The most important part of your Bankroll Management in eSports Betting is your return on investment, also known as ROI. A gaming bettor’s return on investment is a calculation based on his winning percentage and the amount of money invested overall. In short, all eSports bettors should work out their ROI based on how many games they wager on and how much they bet per game. Like with any business, understanding the return on your eSports betting investment is key to maintaining a profit.
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