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Money management - starting bankroll


cougar

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Hi everyone, I've recently become a member of this forum but although I have some strong sources of information about 2 leagues from different countries, I'm not such an experienced punter - I mean haven't been doing that on a regular basis. Starting with this month I've decided to invest a part of my savings in betting and try to increase my incomes from this area. Therefore I would very much appreciate any advice from your experience regarding the way of staking. My starting bankroll will be EUR 1.500 (it's not so much, but for the moment it's all I can afford to lose). I decided to use 3 bookies: 2 for single bets (600+600) and 1 for parlays (300). Having a rather small budget, it's obvious that if I want to generate more profit I must have a good yield, meaning I have to reinvest my capital much more times comparing to someone who's got a far bigger betting bankroll. So I was thinking to use the following staking system: 1 - medium confidence bets => stake 3% from bankroll = EUR 45; 2 - high confidence bets => stake 4% from bankroll = EUR 60; 3 - very high confidence bets (very few/season) => stake 6.67% from bankroll = EUR 100. How do you see this strategy? It's better this way or should I stick to flat stakes only? Are staking percentages OK or should I lower/increase them? Any advice will be highly appreciated! Thanks and good luck!

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