The Lock Talk - Newsletter #47

WE ARE BACK - Bankroll Mgmt VII & New Trends!

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TLT SPORTS BETTING SCHOOL
BANKROLL MANAGEMENT 101 - HOW TO GROW YOUR BANKROLL

Prior Bank Roll Mgmt. Lesson Emails:
- Part I - What is Bankroll Mgmt.?
- Part II - What is a Unit?
- Part III - Different Betting Styles
- Part IV - Dealing with W’s & L’s
- Part V - Record Keeping
- Part VI - Emotions in Check

Keep track of your bets & get better at our lesson from above by clicking the link HERE 

  • Aim for a Steady Growth Rate of 10-15% per Month:

    • Example: Starting with a $1,000 bankroll, aim to increase it by $100 to $150 monthly.

    • Reasoning: This sustainable growth rate helps mitigate the risk of significant losses, allowing for gradual but consistent bankroll increases without overexposure to risky bets.

  • Reinvest Profits to Compound Bankroll Growth:

    • Example: If your bankroll grows to $1,100 in the first month, use this increased base for calculating your next month's bets (e.g., 2% per bet now becomes $22 instead of $20).

    • Reasoning: Compounding allows your earnings to generate more earnings, accelerating the growth of your bankroll over time through reinvestment of profits.

  • Set Achievable Long-Term Goals for Bankroll Size:

    • Example: Set a goal to double your bankroll from $1,000 to $2,000 within a year.

    • Reasoning: Setting clear, achievable goals provides motivation and a benchmark for measuring progress, helping maintain focus and discipline in betting strategy.

  • Balance Between Aggressive and Conservative Bets for Growth:

    • Example: Allocate 80% of your bets to conservative wagers (e.g., betting 1-2% of your bankroll) and 20% to more aggressive wagers (e.g., 3-5% of your bankroll) based on confidence levels.

    • Reasoning: This balanced approach maximizes growth potential from high-confidence bets while minimizing risk exposure, ensuring steady bankroll increases over time.

  • Periodic Review and Adjustment of Strategies for Consistent Growth:

    • Example: Conduct a monthly review of your betting outcomes, adjusting your strategy if you're not meeting the 10-15% growth target.

    • Reasoning: Regular reviews enable you to identify what's working and what's not, allowing for timely adjustments to optimize betting strategies for improved results.

These strategies emphasize the importance of disciplined, strategic betting and the effective management of your bankroll to ensure long-term growth and success in sports betting.

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