Intelligent NRL Bankroll Management when Betting

There is a common misconception that only punters who participate in sports betting for profit need to practise NRL bankroll management.

This is by far the worst advice that one could ever take as bankroll management is a key principle in sports betting success, whether you’re doing it for fun or not.

Poor bankroll management will not only decrease your chances of success, but it will also decrease your chances of having a pleasant experience.

While our tips for bankroll management can be utilized in relation to any sport, we will be focusing specifically on NRL betting bankroll management as it the championship season is the eagerly anticipated highlight of any Australian or New Zealand punter. Trust to consistently provide the best sports betting insights and advice.

What Is Bankroll Management?

Basic NRL bankroll management can be broken down into three categories:

  1. Set up a budget for how much you can risk losing and then allocate those funds solely for sports betting.
  2. Establish a set of rules regarding the percentage of the total bankroll that will be staked on each wager.
  3. Never deviate from the budget set up in category 1 and never deviate from the amount to wager according to category 2.

As you can see, bankroll management is actually very simple in principle and the hardest part will most likely be the discipline required to practise intelligent bankroll management.

nrl online sports betting Bankroll management tips

What Makes NRL Bankroll Management So Important?

The simplest explanation for the importance of intelligent bankroll management is that it helps you to punt responsibly as if used correctly it will prevent you from gambling beyond your means and make sure you don’t risk money you can’t afford to lose. Sports betting should not negatively impact on your day to day life, but there are also other benefits of responsible bankroll management.

  1. It ensures that you don’t chase your losses on a losing streak.
  2. Prevents you from getting carried away and staking too much when on a winning streak.
  3. It enables you to sustain multiple losses without running out of money.
  4. Enables you to make more intelligent and rational betting decisions.

Even if you’re just received a ‘fool-proof’ NRL premiership betting tip, you must never deviate from your bankroll management guidelines.

NRL Bankroll Management in Action

The first category for establishing and maintaining a successful bankroll is very self-explanatory: the amount set aside is entirely up to you, but it must be affordable – we cannot stress this enough. If you decide on an amount which you will set aside every month, for example $100, do not deviate from this amount at any time.

The second category for deciding on a maximum amount for each wager is of utmost importance to ensure that you do not run out of bankroll throughout the month. Most experts recommend between 1-5% of your total weekly/monthly bankroll, we suggest keeping this at 3% or lower. For example, if your bankroll is $100, your maximum wager should be $3. This may not sound like a lot, but that’s the point.

The final point, regarding self-discipline is honestly the most challenging part of bankroll management for each and every Australian and New Zealand punter. If you slip up in the beginning, don’t beat yourself up – but be sure to not continuously repeat the same mistakes.

Hopefully our online betting guide to successful NRL betting bankroll management has been helpful!