What Is A Bankroll?

In sports, a bankroll is a sum of money that the bettor has set aside for gambling purposes. If you are a smart bettor and one who bets often, a bankroll may be an actual wad of money or a set account. The word bankroll comes from the old days of betting when people bet with actual wads of money, secured in a rubber band of sorts. These days, things are a bit more advanced. The money is managed with computers at sports books and people bet in all kinds of ways.

When you have a bankroll for sports betting, it is important to manage it in the best way possible. For those who are new to sports betting it may be difficult to resist the temptation to put it all down on your favorite team. Parlays and teasers are one way to spread the love a little bit and make the odds go a bit more in your favor in the event that you win.

There is nothing like betting on your favorite sporting event and winning. There is also nothing like losing, but it can be even more devastating when you realize that you have lost your entire bankroll. Resist the temptation to procure new monies for gambling; this is how people get into the hole and lose their homes, their cars, and their savings.

Be strict with yourself when it comes to your bank roll. Only bet money that you can afford to lose, and be smart about your betting. Good luck!