Live Sports Betting—Deciding How Many Bets You Should Make

When to Expand Your Wagering

With live sports betting it’s usually a good idea to be fairly conservative. You’re faced with so many betting choices that you can easily stress out your bank account and nerves by placing too many bets at one time.

Still, part of the excitement and fun of live sports betting is the fact that you can wager in numerous ways on an event as it’s happening. So, when should you go for it, making two to five different bets at once? Here are some guidelines concerning the best times to take more of a risk.

Ahead of the Game

Needless to say, you should be ahead prior to expanding your wagering. That means you need to have doubled your stake for the game on which you’re presently betting.  If you started out with $100 at $10 a unit, you should now have $200 at $10 a unit. That means you’ve gone from having 10 units to 20. You’re going to use some of those extra 10 units to expand your number of bets.

How Many Units?

Here’s a recommendation for the number of units you should use based on how much you’ve won. Again, you started out with $100.

Bank and Winnings               Profit (Units)    Total Units               Units for Next Wager

$200                                       $100 (10)                   20                                2 units

$250                                       $150 (15)                   25                                3 units

$300                                       $200 (20)                   30                                4 units

$400                                       $300 (30)                   40                                5 units

$500                                       $400 (40)                   50                                6 units

As you can see, the number of units you’re going to wager does not rise symmetrically with your winnings. There’s an extra bump of one unit at $250 and then a gap where there are no units added at the $350 or $450 marks. The reason for this is you’re trying to exploit early profits and then conserve your winnings as they grow.

How Many Bets?

Here is how you should place your bets according to how many units you have to wager.

Units                        Number of Bets                     Types of Bets

2                               2                      1 unit close to even odds and 1 unit +200-+400.

3                               2                      1 unit close to even and 2 units +200-+400.

4                               3                      1 unit even, 2 units +200-+400, 1 unit +400/higher.

5                               3                      2 units even, 2 units +200-+400, 1 unit +400/higher.

6                               4                      1 unit even, 2 units +200-+400, 2 units +400/higher,

1 unit biggest long shot

By the way, stop once you lose 50% of your profit, and go back to single unit wagering. If you’re up 10 units, you’d stop at five, if you’re up 15, you stop at 8, etc. Once you build you profit to the previous level, you may start multi-unit wagering again.

Adapting These Guidelines

These guidelines are listed in units of 10 and with a bankroll of $100 because this makes it easy for you to adapt it to whatever your bankroll and number of units may be. Most bettors use $10 units because they are easy to calculate. Doing so allows you to easily figure out odds and potential profits and losses. Be sure to consult these guidelines when you’re winning and you want to expand your number of bets.