In gambling in general and in sports betting in particular, bankroll management is very important. It is really important because it helps to avoid financial disaster. But if you play not only for fun and thrills, then we should also remember about strategy. Many people implicitly try to replace strategy with bankroll management. But I think you will agree with me. We forget about strategies all the time. Bankroll management is not a strategy. Bankroll management only helps you not to lose your bankroll immediately. You will lose your bankroll gradually, slowly, but still you will not avoid losing your entire bankroll, because most likely you do not want to know anything about strategies or even replace them with bankroll management.
Do you agree with me? Or do you think that bankroll management is a strategy?
I agree with this view that bankroll management is not a good strategy. Its primary function is simply to protect against sudden losses, but to make them more manageable. However, it won't significantly improve the odds. As long as the expected value remains negative, the end result will remain the same, ultimately eroding capital.
On the other hand, I believe strategy is what truly determines the direction of our game. This involves analyzing opportunities, utilizing information, and understanding situations to create an advantage. Therefore, without an approach, bankroll management will only prolong playing time without changing the outcome.
In other words, I believe bankroll management is important for developing discipline and self-control, but it cannot stand alone. Sustainability is possible if it is combined with a strategy that provides a mathematical and logical basis for winning.