Finding profitable bets on is one thing – betting the right amounts is another issue. The amounts placed on each bet (bankroll management) is just as important as locating value.

It is very important to us, that you do not go broke while betting our picks. We want to sell you a product that makes you a nice steady income over the long haul. You will not be able to do that without money. 

As a start, you will have to define a betting bankroll. It should be separated from your everyday finances. You should never be betting with money that is supposed to pay the rent or clothes and food for your kids. But if you don´t have that kind of issues, it is still a good idea to define a bankroll, as the size of the bankroll, decides how much to bet on each pick.

Our philosophy is to bet between 0.75% and 2.25% of our bankroll.

If you bet any higher than this, you will be very like to end up broke. Even with the betting limits we have stated above there still is a small risk of going broke. However the risk is very low, as you as a start have about 60 bets in our bankroll. 

We operate with a fictional bankroll of 10.000$. 

Our bets are divided into three categories: 

1-star bets: You should bet .75% of your bankroll on our pick, equal to 1 unit.

2-star bets: You should bet 1.5% of your bankroll on our pick, equal to 2 units.

3-star bets: You should bet 2.25% of your bankroll on our pick, equal to 3 units.

That gives bets of 75$, 150$ or 225$, with our fictional bankroll of 10.000$.

Stepping up or dropping down

We suggest you not to change the amount you bet pr. pick, before your bankroll has increased or decreased by at about 1/3 (33%).

Adjusting betting amounts as your bankroll increases or decreases will help you optimize profits and minimize risk of bankruptcy, if you hit a really bad run. The worst thing a serious sportsbettor can run out of is not luck but money. 

Taking our fictional bankroll of 10,000$ as an example, you start betting 75$, 150$ or 225$ pr. bet, when your bankroll gets to about 13.500$. However you should start betting smaller, if your bankroll goes down to 10.000$ again. And if your bankroll should decrease to say 6.666$, you should downgrade your betting amounts to 50$/100$/150$ pr. Bet.

Variance

Variance in sports betting is very high. Inside the last year, we have had some enormous swings. We have had a very profitable 9-1 night betting NBA and college Basketball, but we have also had a disastrous 4-13 day betting NFL. Often these good nights come in succession and you feel invincible and ready to up the stakes. However, bad runs often come in succession as well and can be very demoralizing. These runs even out over time, but runs sometimes last longer than one may think possible.

There is no easy solution to this when betting sports. We limit our betting to mainly betting on singles to keep down variance, and avoid high variance plays like triples or more. But we are still betting on tickets that either have a value of zero to 500% (or more) at the end of the day. That’s a very bizarre form of short term investing – but it’s also a very profitable way of investing since you will have a very high rate of turnover. Hey,  you might even find sportsbetting a fun and enjoyable way of investing, where you can root for the result as you watch the game on TV. We think it is a lot more fun than watching the stock market numbers change, which is like watching grass grow or paint dry compared to sportsbetting. 

Turnover

If you follow our picks, and bet the amounts we suggest, you will get in at least 100 bets a month, at an average bet value of 1.5% of your bankroll. So your bankroll will be turned over at least 1.5 times a month, oftentimes more than that. Compare that to investing in a stock, which you keep for a year and then sell at a 10% premium. Your money will be placed in this single stock for the whole year. 

If you follow our picks, you will be able to turn over your bankroll multiple times every year, with next to zero risk of losing your entire betting bankroll. With a 10.000$ bankroll, you should get action compared to at least 200,000$ of betting, probably more. So don´t be afraid, if we only are able to grind out 3-7% return on investment pr. bet in the long run, as our investment is not a 10.000$ stock, but betting action of more than a 200.000 dollars a year.

– Yes, at just a 3% edge per bet that’s a nice return of more than 60% a year on your initial investment!
 Too good to be true? You may ask yourself “Why are Punters Paradise giving this away at merely $149 a month?”. Well, we are doing all the work anyway, and we are getting our piece of the action before it’s offered elsewhere. Why should we not profit a little extra helping you win as well – it’s free money as we see it.

PuntersParadise is totally independent. We don’t make affialiate deals with bookmakers - since punters coming from PuntersParadise are winners there would be no commision earned anyway. However, as a punter it is important that you a range of outs to get the best line available and likewise it is important to choose your outs carefully as to not get stiffed.
We would like to offer some advice on how to find the best available line and thourghts you should employ in selecting your outs.

Shop for best line

In your sportsbetting 98% of the time you are looking at bets offering an edge of 2-8%. Which is great because you are able to roll your bankroll over mutiple times in the course of a year. However, you can easily increase that edge by about 1% for each bet by taking a little time to shop for the best line – over the course of a year that 1% of each bet start to amount to real money.

It does not have to be a very time consuming process. Find one or two odds comparison sites on the internet that cover your bookmaker/exchange portfolio (eg. www.betbrain.com or www.tip-ex.com). Using the odds comparison sites you’ll quickly have an overview of which of your outs offer the best line for the bet in question.

Choosing bookmakers and/or exchanges

It is highly recommended to have a variety of outs so it’s possible to shop for the best available line. The more outs you have the better. However if you don’t like to have your money spread out to too many places then choose at least five different companies that will cover you in all sports you like betting.

No matter what you do it is highly recommended that you sign up with Pinnaclesports. They have pretty much all straight bets available, for most leagues they have sufficient limits for the majority of sportsbettors, they charge very low commision on all markets and cover pretty much all sports.

If you bet soccer we recommend you to sign up at IBCbet and Mansion88 or at least one of them. They charge very low commision, cover most soccer leagues and their betting limits will please pretty much anyone.

If you like to bet golf we recommend you to have bookmakers like Centrebet, Expekt, The Greek, and Unibet in your portfolio. If you don’t bet golf maybe you don’t need these outs at all.

This advice on choosing bookmakes and exchanges is limited to bookmakers well known and relevant to Punters Paradise. For an indebth article on what to look for when selecting bookmakers go HERE.
Before you sign-up with any bookmaker or exchange you should make sure they are reliable. Look for information on forum or bookmaker review sites - the best site we have found for this purpose is Bookmakersreview.com. Still they only cover a small part of bookmakers and exchanges available.

Below you’ll find a list of bookmakers and exchanges rated in categories relevant to Punters Paradise Picks. Rating is based on bets available, betting limits, and commision charged.

Bookie	Amr. Sports	Soccer	Golf	Tennis	Accept US customers
5Dimes	****	?	*****	?	YES
Betfair	**	****	***	****	NO
Bodog	****	**	***	**	YES
Canbet	****	****	***	**	NO
Centrebet	***	**	****	**	NO
Expekt	*	***	***	*	NO
IBCbet	****	*****	*	*	?
Matchbook	****	*	*	*	YES
Mansion88	****	*****	*	*	NO
Pinnacle	*****	****	****	*****	NO
The Greek	****	**	*****	***	YES
Unibet	***	**	****	**	NO
WSEX	****	**	***	***	YES

Disclaimer:
All bookmakers and exchanges recommened on this page is, to our knowlegde, honest and pay their debts. However, Punters Paradise do not have affiliation to any bookmakers, hence, we will not be responsible if you at anytime should have a dispute with any company that have been recommended on this site.