Proportional betting

Proportional means similar in size or amount to something else. A proportional amount represents your betting stakes, while the amount it corresponds to represents your betting bank.

To use this strategy, you have to bet a percentage of your bankroll and increase the bet value after each winning wager by a similar percentage. Let's say that you have a bankroll of $10,000 and decide to bet 3%. Your initial bet would be $300. When you win the wager, you must add your winnings and calculate 3% of your new bankroll for your next wager. Thus, if you won $300, you would have a total of $10,300. If you calculate 3% of the new amount, you will have to bet $309.

Pros and cons

Pros

• A proportionate bet protects your bankroll. The theory behind betting a small percentage of your bankroll is that you won't run out of funds.
• Besides a staking plan, a bankroll, and discipline, proportional betting promotes good habits and improves long-term success.

Cons

• Slow growth to the bankroll. Return on capital (the percentage of profit you made compared with your starting bank) will be very low and grow slowly in the short term.