Money Management

Money management is critical when investing in sports betting/trading. It is the key to ensuring you are taking the right level of risk in a market. Money management will define how much money you put into each trade. It will also tell you when to cut your losses. Each market and strategy has its own risk/reward structure and volatility. It is for you to find a process that works inside this structure. If you know what your total downside is then your profit target is automatically defined. If you are unable to find a system that will deliver this potential target then you are doomed from the start. Try to construct your money management around how often it will fail rather than by how successful it is. This will focus your mind.

If you have to close a position 90% of the time losing you £100 each time you can work out quite easily what upside you need per winning trade. If I assume my average stop loss loses me £100 per trade then I know that in 100 trades it will be fired 90 times (90%). Therefore I need the remaining winning trades to net me profit of at least £9000 (90 losses multiplied by £100). Therefore £9000 divided by the ten successful trades means my average profit on a trade needs to be at least £900. Trading without any form of money management will ensure you end up on the rocks before you even started. Get a grasp on it extensively before you start to trade.

For BetsLayer trades/bets we bet using a points system, most bets you see on this site will be to 1 point, we recommend using no more than 5% of your bank, so for a £500 bank bet £25 per trade.

For the Trade Zone, this will typically be a 2 point initial stake, so in the above example this will be a £50 initial trade/bet i.e £50 on Under 2.5....if an early goal goes against you, reduce liability until only 1 point is at risk £25.

Ps. Never bet more than you can afford to lose.