- How much should I play in a single bet in relation to the total balance of my account?

- What value should I give to some odds or others in this or that betting market?

- How much do I want to risk to win?

The answer to these questions is key to managing your betting account balance effectively, and essential for your account to be protected from unforeseen events. So that you understand it better, we are going to present you with four benefits of taking seriously the management of the flow of money that enters and leaves your betting account:

- You will not try to recover the money you have lost by betting previously, avoiding betting more than you can afford to lose.

- You will not be too ambitious or greedy when things are going well, not betting too high amounts in proportion to your total balance.

- You will better withstand bad losing streaks, without leaving your balance at zero.

- Surely it will help you make better decisions when betting.

Any bettor goes through bad streaks sooner or later, it happens to those who bet for fun and also to professional players. Sometimes those periods can last a few days, but sometimes even months. What differentiates the professional bettor from the amateur in many cases is how they deal with it. You may go through phases in which it seems that you will lose any bet you make, and knowing how to handle situations like this is not easy.

For professional bettors, periods of bad streaks make it clear how important it is to know how to manage the balance of your betting account in an orderly manner. In addition, a prolonged losing streak can be a clear indication that you may need to review your betting strategy and try to identify possible weaknesses in your approach.

Fortunately, you will also go through periods in which you will win all your bets. Having good streaks is what every player is looking for, but this can change overnight, so you must be disciplined in managing the balance you have in your betting account.

It is very common among bettors to increase the amounts they bet when things are going well. This can be due to overconfidence, but it also has to do with being too greedy and wanting more than necessary. A hot streak can change quickly, and in a short period you can lose a lot of money if you increase the amounts wagered disproportionately.

Of course, it is logical that you increase them as your betting account balance grows, but always trying to maintain the proportions. At the end of the day, it is about following a long-term strategy, even when things are rolling.

There are various strategies and theories regarding the management of the balance in your betting account, which are presented as relatively safe ways to make profits when betting. Some of them come from the financial markets.

We can name, among the most popular, the Martingale betting system, the Fibonacci system, the Kelly criterion and the unit system. Well known strategies that are used in the betting world. If you decide to use any of them, the most important thing is to choose the one that best suits your way of betting.

Some strategies are better suited to some players than to others, depending on the sports they bet on and the risk that the bettor decides to face with their bets. Our recommendation is that you do not follow several strategies when betting, but that you identify the one that best suits you and put it into practice with discipline.

An important aspect of balance management is keeping accounts efficiently, as this will allow you to better manage your balance at the bookmaker in the long term. If you do it correctly, you will be able to be clear about what types of games or bets bring you profits and which ones mean losses.

How you decide to audit your bets is not the most important thing, there are several ways to do it and, in fact, there are programs on the internet that will give you a good idea about it. The easiest way is to use paper and pen, but it is preferable to use the Excel program. Whatever you do, the main thing is that it allows you to monitor and develop your way of betting.