I bet $5 per game on sports, and I almost went broke in 2025 with a 12-loss streak. The problem was my bankroll: I was betting 10% of my total funds per game, which is way too high.
I switched to the Kelly Criterion: bet 1-2% of my bankroll per game, never more than $10. Now I have a $1k bankroll, and even a 10-loss streak only loses me $100. The key is to never chase losses with bigger bets.
If you're betting, manage your bankroll first. The best strategy won't save you if you bet too much per game.
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