Bankroll Management

Proper bankroll management is crucial when betting on baseball, or any other sport for that matter. Bankroll management is absolutely critical in ensuring a profitable MLB season. How do you expect to make it to the end of the season if you blow through your bankroll in the first month? You can’t.

Follow these simple steps to ensure you understand how to properly manage your MLB betting bankroll. You are in control, so stick to your guns, don’t give in to temptation, and never rely on your gut instincts over the cold hard facts.

Bankroll Management Tips

  •  To begin, determine what your bankroll will be for MLB betting. If you already bet on other sports, set a bankroll aside exclusively for MLB betting.
  •  Decide how many units you will be placing on each wager. Before you can do this, you must understand what “units” are.

Units are an easy and precise way of keeping track of your profits when betting on sports. Since every single wager you make will be of different odds, simply keeping track of wins versus losses really doesn’t tell you anything about profitability. 

Since every bettor wagers a different amount, simply stating how much you are ahead (or behind) in dollars doesn’t speak anything about profitability either. For instance, someone could state they are up $10,000 in profit this MLB season. But what does this tell us? Absolutely nothing. We have no idea if that bettor bets $5,000 per game and has won two more games than he has lost, or if he bets $50 per game and has won 100 more than lost, and so on and so forth. The easiest way to express true profitability is through the units system. 

The Units System

  • Generally speaking, a unit should represent 1% of your bankroll. If you have a $5000 bankroll for mlb betting, 1 unit would be $50, as $50 is 1% of your bankroll. This is very simple. You now understand what a unit is. This is not set in stone though; one bettor may consider a unit to be 2% of his bankroll, and may place 1 unit per wager, while another bettor may consider a unit to be 1%, but may place 2 units on each wager. In Either situation, each bettor would therefore be placing 2% of his/her bankroll on each wager.

Now that you understand what a unit is, you must now decide how many units to place on each wager. If you follow our picks, you know that we wager 2 units, which would translate to 2% of our bankroll. At betmlb.ca, 1 unit = 1% of our bankroll, and we wager 2 units per wager, therefore we are risking 2% of our bankroll per wager. Again, if your bankroll is $5000, 2% or 2 units would be $100. If you have a $10,000 bankroll, 2% or 2 units would be $200 ($100 per unit). A good rule of thumb is to never wager more than 5% of your bankroll on any wager.

To calculate how much, in dollars, you have won (or lost) based on the units system, you simply multiply what your dollar amount per unit is, by the amount of units won or lost. Example: We are up 25 units (+25) so far this season. If you bet $100 per unit, then you have won $2,500 by following our picks. If you are a $50 bettor, you’ve won $1,250 following our picks. This is precisely why the units system is a universal way to express true profitability. Every single bettor, regardless of how much money they wager, can know exactly how much they have won or lost based on the units system!

 Using Bonuses to Boost Your Bankroll

Deposit bonuses are an absolute blessing for anyone looking to build a big bankroll without spending their own hard earned money. You can find a very generous industry leading 25% deposit bonus over at Bet Online, they’ll match your deposit with a free 25% bonus and will give you up to $1000 free per deposit. Wow.

How to get a 25% deposit bonus at Bet Online (US PLAYERS ACCEPTED!):

1) Visit www.Betonline.ag , create an account if you haven’t already (very fast setup)

2) Head over to the cashier and select deposit.

3) Deposit at least $50 to qualify for the bonus.

4) Use promo code YESBONUS at the cashier (you MUST use the code YESBONUS to get the bonus!)

5) Enjoy the free money!

Next: MLB Odds Explained






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