If you want to be truly success with football betting then you need to pay close attention to your bank management. Betting on football matches without good bank management will not help you to know if you are in profit over a period of time. You can also use your bank management to decide on the amount of each bet that you place on football games.
Bank management is essential for successful football betting as gives you an overview of the different bets that you have placed. This will give you a much clearer indication of the strategies that have provided you with the most profitable outcomes for example.
You can combine good bank management with accurate football bet tips available for free on websites that use sophisticated computer algorithms for their predictions. These tend to be more accurate than other methods for landing winning bets.
Why good Bank Management is so Important for Football Betting
Think about your personal finances here. You need to be in control of your money and one of the most effective ways to achieve this is to create a budget where you track your income and expenditure. This provides you with a good overview of money going in and out of your account and you can make important decisions with this information.
The same applies to having a good bankroll for your football betting. You need to monitor your football betting activities closely to see if you are making a profit or losing money over time. A lot of football bettors just place bets on a Saturday for the excitement that this brings. Sometimes they win and sometimes they lose. They never know how well they are doing overall.
To be really successful with football betting you need a more professional approach than this. You need to create a betting bank where you can see at a glance how your bets are performing. Then you can make important decisions about the type of bets you are placing.
How to create a good Football Bet Bank
You do not need any expensive software to do this. Use a free spreadsheet such as Google Sheets to record your betting activities. If you want to use a pen and paper for your betting bank you can do this but it will probably be easier to use a spreadsheet on your computer.
Recording all your bets and whether they won or lost is just part of the job. Make sure that you record the date of all your bets. Also record the type of bets you place such as fulltime outcome, Asian handicap, over/under goals and so on.
If you bet on different football leagues and in different countries then be sure to record all of this information as well. The more data you have the better you will be able to analyze which of your bets are providing the most profits for you.
Use your Bank to decide on Fixed and Variable Football Bets
You need to decide on what a single unit for your betting bank will be. For example, this could be €5 per unit. This is important as it gives you more control over your football betting. Next you need to establish your total betting bankroll and then divide this into equal amounts.
Let’s say you have a total bankroll of €1,000. For fixed stake betting you will divide this into equal amounts. So, if one unit is €5 then you will have 200 fixed stake bets available. With fixed stake betting you will use the same amount for every bet.
With variable stake betting you can change the amount that you bet based on what is available in your bank. It allows you to vary your bet amounts based on whether you are in profit or seeing a loss in your bank.