Your bankroll is the sole source of your current and future profits in sports betting.  If you lose it all you are not just out of current cash, but your earning potential is also lost.  Your future profits and opportunity costs are irreplaceable.  Once they are gone, they cannot be recovered.  Learn how you can protect yourself from going bust.

Seasoned sports bettors know that losing streaks occur.  To guard against this eventuality guidelines have been developed to ensure the bettors long term stability and opportunity for success.  More recently, online sports betting has given rise to sportsbook bonus chasing.  The bankroll management guidelines for sportsbook bonus chasers is markedly different than it is for the traditional handicapper.  We are proud that many of those bankroll management guidelines have been developed right here at BullsBetting.

Guidance for Handicappers.  Handicappers frequently refer to the amount they bet as a betting unit.  While there is no strict definition of betting unit, it is generally considered to be 1% of the 'cappers bankroll.  A typical bettor will adjust the number of betting units wagered on a particular line based on his confidence in his advantage over the book on that line.  Thus a 'capper might place two or three betting units on a line in which he has very high confidence.  A sharp bettor will rarely make wagers in excess of 3 units on any line.  There is no such thing as a "lock".  Anything can happen.  Routinely betting five or more units on a single game is a recipe for going bust.

Also be aware of the Kelly Criterion.  If you are routinely overbetting your advantage by more that twice the amount of the Kelly value of your bets, you have created a negative expectation for the growth of your bankroll.