WAGER DEFINITION

What is a Wager?

A Wager (or 'bet', 'betting') is to risk a sum of money on an outcome of an event, usually a sporting event or race. The return for the wager is proportionate to the perceived likelihood as measured by the odds.

Bankroll Management

Sports betting can be risky, so only wager what you can afford to lose. Many successful sports bettors use a bankroll management system to determine how much they want to wager and how much they want to outlay on sporting events. This means determining how much money you can afford to risk (bankroll) and only betting 1 to 5% of this per wager depending how confident you are on the outcome. With this approach bettors will not lose their entire bankroll during a bad run of wagers/bets and can set themselves up with a positive return on investment if they are doing well. Check out our Staking Calculator to learn more, but always remember this is just a guide.