Video Summary

In the world of sports investing, managing your bankroll is crucial. Many amateur bettors make the mistake of paying too much attention to the actual game, rather than learning how to bet. According to a seasoned veteran of the industry, who has been betting for over 30 years, the biggest problem is that people don't understand how to bet correctly.

Betting a percentage of your bankroll, rather than a standard unit size, is the key to success. This allows you to take advantage of exponential growth when you're winning and to protect yourself when you're on a losing streak. The idea is to bet a percentage of your bankroll, such as 2-4%, and increase the bet size as you win. This allows you to capitalize on hot streaks and minimize losses on down streaks.

A common question is whether to bet the same amount on each game or to use a weighted system. According to the expert, 80% of your bet size should be the same size, with step-out plays making up the remaining 20%. This means that 80% of your bets should be 2-3% of your bankroll, with the remaining 20% being larger bets on more confident plays.

By betting a percentage of your bankroll, you can take advantage of exponential growth and protect yourself from significant losses. It's a crucial concept to understand, especially for those who are new to sports investing.