The Breeders’ Cup is fast approaching, and it will be big. For bettors, this is one of the year’s most important horse racing events, as many big names will be there. From horses, trainers, and even celebrities, everyone who loves horse racing will be attending. But as bettors, we can’t simply ignore the profit we can win from this event.

That said, if you’re planning to bet on the Breeders’ Cup, one of the most important aspects you should always pay attention to is your bankroll. Without your bankroll, you’ll cut your run in the race, go home with more losses, and tons of your money gone. 

But how exactly do you manage your bankroll? Here are some tips.

Set Your Rules of Engagement

Before you go ahead and start Breeders Cup betting with TVG, you should set your rules of engagement first. It’s a format on how you should bet your money. But how do you do that? 

Well, it depends on you and how much money you want to spend on a specific race. For example, in a particular race, you might start first with the straight bets and a few exotic bets like exacta and trifecta.

Through trial and error, you’ll have more insight into which bets you should put on a specific race and how much money you should put into each one. If you’re looking for another example, let’s say you want to be a solid pick-three bettor. You can look for your prime three sequences on a specific race card and devote your bankroll to it. 

Always remember that you shouldn’t put more than 25% of your bankroll on a single bet. You should always divide it equally, or if you’re feeling lucky on a particular sequence, you can do 15%, 5%, and another 5%.

Bet Sizing

Speaking of how much money you should put in a single bet, many bettors, especially the new ones, ask this question. As a bettor, it depends on you and how big your bankroll is. However, as mentioned earlier, you should never put more than 25% of your entire bankroll in a single bet. If you want an example, let’s delve into a common one.

Experts often recommend only putting 5% on a single bet. If you have $100 in your bankroll, you should only put $5 on each bet. If you’re feeling lucky, you can go as high as $10. You could also divide the $5 or $10 on multiple horses. Just remember that if you’re uncomfortable about putting that much money on a bet, that’s a good sign that you’re over your budget.

Don’t Bet Blindly

You often hear the phrase, “the more bets you have, the more chances of winning you’ll have.” This might be true to some extent, but it’s just plain wrong if you’re betting blindly. 

Always look for opportunity and value in a race. If you see a false favorite, you might want to bet against it, or if you notice that the jockey and horse still need to adjust to each other, you might want to look for another pair.

Find Value

Speaking of finding value, how do you do that? There’s a lot to this methodology but let’s give an example. 

Let’s say that you’re a person who likes to bet on horses with 3/1 odds and then start your bet with $2.50. Does this hurt your bankroll? Not really, but if you’re pretty good at betting, you should know that your bankroll will burn out if you have a losing streak in this condition.

With that in mind, let’s look at the other side. Let’s say you like to bet on long shots with 10/1 or 20/1 odds. Betting on these regularly can kill your bankroll pretty much instantly. So, what are we going with this? The lesson here is that following a pattern rarely produces results. Value bets are sometimes hard to come by, but if you see one, you should grab it.

Don’t Be Overly Fond of Loose Bets

A loose bet is a type of bet you’re just trying out. These bets are based on light assumptions, far-fetched predictions, etc. In short, these bets are the type that you don’t think of too well. 

Of course, if you’re a casual bettor, this is not wrong, but if you’re serious about winning a lot of money in the Breeders’ Cup, then this is something that you should only put a little money in. Yes, it’s fine to have a little bit of casual gaming on the side but make sure that it should be manageable for your bankroll.

Final Words

The Breeder’s Cup is a huge opportunity when it comes to betting. Many big names will be there, and it will be a blast. But don’t forget the most important thing: your bankroll. Always make sure that your decision-making is based on it. Be smart and patient; your bankroll might go big enough to last until next year.