This application was created to help you manage your money in sports betting. Proper money management is generally underappreciated and is as important as pick selection to long-term results. By way of example, imagine a crazy casino that offers a coin flip game. If the flipped coin comes up heads, you win $3 on a $1 bet. If it comes up tails, you lose $1. You have $100 in your pocket. Should you take the bet? Of course, you have the obvious advantage, but how much should you bet? If you bet it all, you have a 50% of losing your entire bankroll and coming home with nothing. If you are conservative and bet $1, you will definitely come out ahead over time but you will not be maximizing your return on investment and it will take a longer than necessary to build your bankroll. So what is the optimal amount to bet? Following the formula in this calculator, you should bet exactly $33.33. If you are risk adverse and afraid of wide variations in performance, you should perhaps bet half that or $16.66.
The Betsizer uses a time tested math formula which relates edge and odds to bet sizing for optimal investment. In fancy-pants mathematical terms, it maximizes the geometric mean.
DISCLAIMER:
For entertainment purposes only. Please, never, ever bet more than you are prepared to lose.
