How to use the Bet on Combat Money Management System
Written by Franco Richard aka Francombat -
How much should you wager?
The answer is that depends on your bankroll. You have to be comfortable with whatever the amount is that you are wagering whether its $10.00 or $10,000. A general rule for money management is only betting around 1-5% of your total bankroll on any single fight and 10% on one event.
My ratings system is pretty simple. My bets is based on the amount of your total bankroll, not on your maximum wager size. Although I made few huge plays during my career, I rarely make plays larger than 5% of my total bankroll size.
As a Combat Sports Investing and Bankroll Management Specialist, I have a responsibility to aide clients in money management. Of course I have no control over if clients do not deviate from the presented bankroll preservation plan.
Once again, money management is the key to winning, knowing what percentage of your bankroll to play on each prediction release. But, first and foremost, always remember to never wager more than you can afford to lose. This is the single biggest problem bettors make, and that's why I hammer this point home year after year because I feel it's my job to educate as well, no different than what a financial advisor would do for you when purchasing stocks or mutual funds.
Total Bankroll Size & Maximum Wager Size Rules for Long-Term Bettor
Let's say your total bankroll for an event (the amount you can afford to lose in a worst-case situation) is $1000. Well, if I release a 5% play, then it should be a $50 wager. If I release a 3% play, it should be a $30 wager. Taking it one step further, if I release a 1% prediction, it should be a $10 wager.
Obviously, the key here is YOU have to decide what portion of your bankroll you can afford to lose each betting fight day for the length of your package. Call it "bankroll rationing" if you will.
The bottom line is you want to have action throughout the length of the package, whether it be 30, or 12 months. So, it's up to YOU to decide how much action you want on given days and on particular sports.