How to manage your bankroll while betting on sports?

I am new to sports betting and I don't want to lose all my money in one go. Can you give me some tips on how to manage my bankroll to ensure I have enough funds to keep betting?

It is important to have a separate bankroll set aside for sports betting. This way, you can easily track your wins and losses without affecting your personal finances.

Don't bet more than 5% of your bankroll on a single wager. This will help protect your bankroll in case you lose.

Avoid chasing losses by increasing your bets. Stick to your bankroll plan and know when to walk away.