We believe that flat betting is the way to go. That is, bet the same amount for each play. Chasing, or increasing bet size based on your last bet (or series of bets), is not recommended.
Over time, you may hear about various systems where you increase your bet size “knowing” that you are due to win sooner or later. In general, these systems don’t work. Eventually, a bad streak occurs and you are betting a recklessly large amount to recoup losses.
In general, many of these approaches might seem to improve short-term performance, but at the huge expense of increasing your risk of ruin. A bad stretch could endanger your bankroll fairly quickly.
Professional money managers, as well as sensible sports investors, will agree that you should minimize the chances of blowing out your investment portfolio. Flat betting will help you ride the ups and downs of sports investing.
In essence, good bankroll management is a lot like playing good defense. It allows you to stay in the game during tough times so that good handicapping strategies (your offense) can put you ahead in the long run.