Bankroll Management
Even with positive EV, poor bankroll management can wipe you out. These principles help you stay in the game long enough for the math to work.Core principles
1. Set a dedicated bankroll
Decide on a fixed amount you’re comfortable risking. This should be money you can afford to lose entirely. Never bet with rent money.2. Size bets as a percentage
Never bet a flat dollar amount. Instead, bet a percentage of your current bankroll. This way, your bets naturally shrink during losing streaks and grow during winning streaks.3. Use Kelly sizing
The Kelly Criterion tells you the mathematically optimal bet size. Most bettors use fractional Kelly (1/4 to 1/2) to smooth out variance.4. Track everything
Use Qauntom’s Analytics Dashboard to monitor your ROI, win rate, and bankroll trajectory. Data beats gut feelings.Common mistakes
- Chasing losses — increasing bet size after a loss to “make it back”
- Overbetting — risking too much of your bankroll on a single slip
- Ignoring variance — expecting every +EV bet to win
- Mixing bankrolls — using the same money for bills and betting