Incrementally growing your bankroll

So, you’ve got a passion for football, and you fancy yourself a bit of a betting aficionado. But if you’re serious about turning those small wins into big profits, it’s time to think long-term.  This is where incrementally growing your bankroll comes in – where patience, strategy, and a little sprinkle of footballing knowledge can go a long way.

Let’s kick things off by talking about bankroll management. Think of it as the cornerstone of your betting strategy – the glue that holds everything together. 

Your bankroll is your betting budget, and managing it effectively is crucial to avoiding those heart-stopping moments where you’re left wondering where it all went wrong.

First things first, determine your betting unit size. This is the amount of money you’re comfortable wagering on each bet for example £5, £50, £500… This will be personal to you and your situation. Now, I know it’s tempting to go all-in on that ‘sure thing’, but trust me, slow and steady wins the race. Stick to a sensible unit size – something that won’t leave you crying into your pint if it doesn’t come off. You will regret picking a smaller unit size fewer times than if you pick too large a unit size.

Now, onto the fun stuff – picking your bets. With football, there’s no shortage of matches to choose from, but don’t let that overwhelm you. Instead of scattering your bets far and wide, focus on a few select matches where you feel confident in your predictions. Quality over quantity, my friend. We often suggest people don’t use accumulators for this very reason. It is better to have fewer chances of losing.

And speaking of predictions, don’t be afraid to think outside the box. Sure, backing the favourites might seem like the safest bet, but where’s the fun in that? Look for value in the odds – those hidden gems where the bookies might have underestimated a team’s chances. That’s where the real money is made.

But remember, Rome wasn’t built in a day – and neither is your bankroll. Incremental growth is all about patience and perseverance. Don’t get disheartened by a few losses along the way. Instead, focus on the bigger picture – the gradual upward trend of your bankroll over time.

And here’s a little secret for you – compounding effect. Ever heard of it? It’s the magical phenomenon where your winnings generate more winnings. So instead of blowing your profits on a celebratory night out, reinvest them back into your bankroll. Before you know it, those small wins will start to snowball into something much more substantial.

Just like how your savings account will compound over time, and compound quicker if you add more money, you can add outside money to your bankroll. What I would suggest though is that this money come from extra income, not your day to day spends. A lot of our members play poker as a way to make a good side income.

The most crucial ingredient in the recipe for success is learning from your mistakes. We’ve all been there – that gut-wrenching feeling when your last-minute accumulator falls at the final hurdle (again, we often say don’t do accumulators haha! But you know what we mean here). But instead of dwelling on what could have been, take a step back and analyse where you went wrong. Was it a tactical error in your betting strategy? Or maybe just a stroke of bad luck? Whatever the case, use it as a learning experience to refine your approach and come back stronger next time.

Hopefully this helps! Happy betting!