Cricket Bankroll Management

How does a cricket bankroll work?

So, you want to start betting seriously on cricket? Good, you have come to the right place. The first thing you need to get i🃏s a 'betting bank'.

This is an🍒 amount of money you can afford to lose and can afford to leave in your accounts for a long time. Ideally, this should be as big as possible to allow for poor betting runs, but you can start with♔ whatever you have - as long as you manage it effectively.

Let's say you have ₹100,000 a𝄹nd want to start betting on cricket matches. How can you use that effectively?

Imagine India were playing England and you really thought India would win. Would it be a good idea to bet all ₹100,000 on India, even if you thought they were a value bet?

Without an understanding of the importance of following a good bankroll management s🎐trategy, the situation may e𓆉volve into an unpleasant experience. The worst situation appears if you feel completely certain that your bet will be a winner.

You chose a bet size without any consideration of either your total bankroll or the betting🏅 𝔉value. Never do this - always contemplate that the bet may become a loser. Never let emotions decide how much to wager on a single cricket bet.

Even if India were a good bet, they could lose the match and you would lo🦄se your whole betting bank on one bet.

Your goal is to ca🍸rry out the best risk-adjusted cricket betting strategy and inc𓆉reases your profits over time.

Bankroll Management Strategies

Cricket doesn't look similar to 🐽football or any other big sport due to its format.

The minimum playing time is a few hours, and th𓆉e maximum is five days. Since matches take place under different rules and regulations, and with several factors affecting the scores, final results in cricket matches are highly unpredic🙈table.

To act💃 better in a high volatility market not only provides fantastic opportunities for big wins, but it also puts the bettor's bankroll under stress. To find a reliable bankroll management strategy and implement it as a part of your betting model, is, therefore, essential.

Bankroll management acts as the risk assessor by adjusting the bet si🔴ze after considering the probability margin which your value betting strategy has identified.

Put differently. A well-implemented cricket bankroll management strategy makes you more risk-averse through a steady increment of 🌠bet sizes, which are always in proportion to your total bankroll.

Find your preferred money management system

Many various bankroll manage🃏ment systems, especially targeting punters and other gamꩵblers, have been established. Pay attention.

Martingale system, fixed staking plan, variable staಞking - what is the best bankroll management system for cricket♏?

It all comes down to individual risk-taking attitude. Do you favour placing less risky cricket bets with lower potential returns over betting on higher odds with greater😼 returns but winning less frequently?

So, before concluding y🔥our bankroll strategy, you will need to specify your betting objectives. Your intentions will decide your bankroll management strategy and not vice versa. Below we briefly cover the most common bankroll management systems and their main risk characteristics.

Martingale betting strategy in cricket

The Martingale betting system is proven to be a very high-risk method. The strategy requ♐ires the bettor to double his bet-size after every loss until a win comes. We don't rไecommend using the Martingale strategy if you don’t consider yourself to be a risk lover.

Fixed staking plan

The idea of the fixed staking plan, also known as flat betting, is to place the equal amounts of stake on every bet without considering betting value. A common approach for cricket bettors following this strategy 🐽is to stake a fixed percentage of their bankroll on ever🌜y bet.

Considering a bankroll of ₹100,000 and a fixed bet strategy of 3% means that the first bet-size has to be ₹3,000. If the first bet is a loser, the bettor will decrease his bet size to ₹2,910, which corresponds to 3%🌼 of the remaining bankroll of ₹97,000. The Fixed stake betting strategy is a good money management strategy to start on for an unexperienced cricket bettor. Due to its low-risk characteristics, the fixed betting strategy also provides room for making mistakes.

Kelly criterion

The most well-known and adapted bankroll strategy in cricket is the Kelly criterion. The strategy has become popular among professional sports bettors because of its features to adjust stake size depending on bet value. The higher the positive expected value an odds include, the greater the bet size will be. The Kelly criterion bankroll mღanagement strategy is for the experienced cricket bettors. Prior knowledge of value betting and probability predictions are required.

Betting bank conclusions

Ultimately, you want to choose a bankroll strategy that su🅺its your style and bank.⛎ If you have a smaller betting bank to start with, you will want to bet small and gradually grow it.

When you have increased your bank significantly - say 50% - then you can review your stak♋e size. One common mistake people make is to start increasing their stakes too early, or after they have had a run of winners.

🅰This is poor decis🍬ion making - have a bad run and you will quickly lose any gains.

And remember, never chase losses. It is ver꧃y frustrating to back a loser, especially one that can be cons🌸idered unlucky. Do not try and recoup losses by placing bets you wouldn't normally have made.

This also applies to when you have a winner! Do not waste your profits by making bets you were not planning on having just because you think they are 'free bets' madeꦬ with profit.