So you are super pumped about betting online for the first time, and now you want to know how to make your bankroll grow as fast as possible. Be very careful about this excitement. Getting overly excited when you first start out is a great way to lose your bankroll before you know it. The key to success in building your bankroll is to be smart and patient. Slow and steady wins the race in gambling as it does in so many other areas of life. To increase your chances of success, follow these tips for building your first online bankroll at the bookies.

Bankroll Management

Believe it or not, most people could be winners if they had the discipline to bet smartly. The reason that the vast majority of people lose money when they gamble is that they do not have the discipline to practice smart money management. If you want to manage your bankroll successfully, it is important that you never have too much of your bankroll risked on any one outcome or day.

It doesn’t matter how good you are. Everyone has a bad day from time to time. When these bad days occur, they can wipe you out if you have too much of your bankroll exposed. Therefore, a smart rule of thumb is to never have more than 20 percent of your bankroll in play on the same day. In addition, you should never have more than five percent of your bankroll invested in one contest. Some experts suggest an even smaller maximum percentage of two to three percent.

Don’t Chase Your Losses

Of course, this is all good in theory. Unfortunately, the real world is nothing like the theoretical one. When most people lose, it is only natural that they want to get their losses back from the bookies as soon as possible. If you do this, it will likely lead to betting more and more of your bankroll in an attempt to break even. This will always end in disaster over the long run. The gamblers who are successful are the ones who are able to stomach the bad losses without getting emotional about them. Remember that tomorrow is a new day. If you suffer a bad beat on a wager, you have to be able to shake it off and keep to your money management rules.

Look for Deposit Bonuses

If you can practice money management and discipline successfully, you will be well on your way to winning at betting. However, there are some smart things you can do to accelerate the building of your bankroll. Start by looking for bookies that offer ways to increase your bankroll for free. For example, you should never deposit money with a bookie that does not offer you deposit bonuses. Most good books like betsfree.com.au will give you at least 10 percent deposit bonuses, and some will even double or triple your money when you make your first deposit. Also, look for free bets. Most good sportsbooks will give customers free bets regularly to keep them loyal.

If you follow these rules, you will be able to build your betting bankroll before you know it. Be smart and disciplined, and there is no telling how much money you can make. Remember that it is a marathon, not a sprint. You don’t have to double your money in one day. With patience, you will make money over time.