How to effectively manage your bankroll when betting with lotus365 in India?

I am new to betting and I have heard that managing your bankroll is crucial for long term success. Can you advise me on some strategies to properly manage my bankroll while betting with lotus365 in India?

Hi Sai, managing your bankroll is indeed very important when it comes to betting. One strategy that can help is the '1% rule', where you only bet 1% of your total bankroll on each bet. This way, even if you have a losing streak, you won't lose a significant amount. Additionally, you can also set a budget for betting and stick to it to avoid overspending.

Hello Sai, another tip for bankroll management is to diversify your bets and not put all your money on one outcome. This way, even if one bet loses, you still have a chance to make a profit from other bets. It's also important to keep track of your bets and analyze your wins and losses to adjust your betting strategy accordingly.

Hi Sai, my advice would be to start small and gradually increase your bet sizes as you gain more experience and success. It's also important to have a long-term mindset and not chase short-term profits. Remember to always bet responsibly and within your means.