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Improving your bankroll management is crucial for building a successful gambling strategy. In this article, we'll discuss what bankroll management is, how to set a unit size, and the importance of avoiding parlays and hedging. A unit size is the amount of money you should bet on each individual game, and a good rule of thumb is to start with 3-5% of your overall bankroll. For example, if you have a $100 bankroll, you would bet $5 or $10.

Parlays can be tempting, especially when you think you can double or triple your money by making multiple bets at once. However, this is not an efficient way to build your bankroll. In fact, sportsbooks make a 30% profit on every dollar wagered on parlays, so it's better to stick to straight bets. Parlays can also lead to quick losses and a depletion of your bankroll.

Hedging is another strategy to consider, but it's not suitable for everyone. It involves placing multiple bets to guarantee a profit, even if you're not sure of the outcome. For example, if you bet on the Warriors to win at 500-1 odds, you could hedge by betting on the Lakers to win at 200-1 odds. This guarantees a profit, regardless of the outcome.

In conclusion, a solid bankroll management strategy involves setting a unit size, avoiding parlays, and considering hedging. By following these tips, you can build your bankroll and become a successful gambler. Remember, it's important to be patient and disciplined, as it takes time to build a successful gambling strategy.