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Bankroll
Your bankroll is the dedicated pool of money you've allocated for sports betting. It should be:
1. Money you can afford to lose completely 2. Separate from your everyday finances 3. Large enough to weather normal variance
A proper bankroll serves as your betting "inventory." Just as a business needs capital to operate, you need a bankroll to survive losing streaks and capitalize on winning opportunities.
Most professionals recommend never risking more than 1-5% of your bankroll on any single bet.