When it comes to betting, there are basically two schools of thought. The first says that the only fair way to bet is all in, meaning that you must bet everything you have on one wager. The second school of thought believes you can be more successful by backing your selections with your bankroll. If you’re looking for a safer way to bet, this second approach is for you. Even when you do win, you don’t want to lose too much money.
All In
When you go all in on a wager, you’re committing everything you have to the pot. The only way to lose is if all of your selections lose, which is extremely unlikely. However, you also run the risk of losing everything if any one of your selections wins. In the long term, this strategy can be very profitable. However, in the short term, it can be very risky. For some people, the thrill of taking a substantial risk just to win big is far more appealing than the security of a small risk and potentially larger winnings.
Bankroll Backing
This is probably the safest and most popular choice for most people, especially those new to betting. With bankroll backing, you’re using your own money to fund your bets. In the event of a profit, you’ll see your money grow, and in the event of a loss, you’ll lose what you’ve invested, but your money will still be in play. This is also known as fractional or adjustable betting because you can set the maximum amount you’ll risk per selection.
As with any investment, it’s always advisable to back your selections with as much money as possible. For instance, if you’ve got a million dollars to play with, you might want to put up $10,000 on each of the six selections you’ve made. This strategy has the dual benefit of giving you the best shot at winning while limiting your losses in the event of a loss. When you use this strategy, you’re effectively increasing your odds of winning. Even if you do lose, you’re still in a better position than you would’ve been had you not used this strategy.
By understanding what these two schools of thought mean for betting, you’ll be able to pick which one is right for you. As you consider what choice is best for you, keep in mind that the simplest way to win is usually the best way to go. You should also consider how you feel about risking your own money and taking chances. Perhaps some people are better suited for all-in betting, while others are better suited for bankroll backing. It’s all about finding what works for you.