Stake Management Calculator
It is important to always manage your bankroll when betting so you are wagering responsibly and within your means. To help with this, you can use our AussieBet stake management calculator.
Stake Management Calculator Explained
This AussieBet stake management betting calculator makes it easy to understand exactly what to stake based on your overall bankroll and the odds you are being offered for your bet.
Built around a core of the Kelly Criterion formula, factoring base amount adjustments and with a safety net feature; we are proud to bring you our Stake Calculator!
We have put together a user friendly interface to bring structured betting to the masses. The only thing you need is:
- Bankroll. What is your total betting capital?
- Opinion. What is your estimated probability to win the bet?
- Odds. What are the betting lines offered for your pick?
We’ll use an example of a coin toss to illustrate what overvalue is, since the static 50/50 line eliminates speculation.
Stephen has a bank roll of $5,000
George is offering a payout of 2.25 on tails.
The probability of winning is 50%
According to the Kelly Criterion formula the investment should be $500.
But we start our journey with a 5% max cap in place.
So unless you increase your risk profile you will receive a stake recommendation of $250.
After submitting the details you are presented with a solution instantly – assuming you have an edge in the bet.
In order to increase your risk profile, drag the slider to the right. If you max out the slider you turn the safety cap off completely.
That’s it. Welcome to gambling responsibly with AussieBet.
Why is Stake Management Important?
It is vital you stake the right amounts compared to the risk of the bet and your overall bankroll if you want to be a successful bettor in the long run.
Picking the right odds and finding a good bet is important, but so is knowing what to wager each time based on your overall bankroll. This will allow you to bet responsibly but also not feel the financial pressure of a losing run.
Finding a good percentage of winning bets is all very well and good but this work can quickly be undone by wrong decisions to do with the way you stake and manage your money.
One of the biggest mistakes many punters make is to bet too big compared to the overall money available, instead of sticking to a general punting plan. Getting that right and also factoring in the risk of a particular bet and choosing a sensible stake amount with that in mind is the way to go.
Manage Your Stake with the Best Bookies in Australia
Here is a list of the best betting sites in Australia. Here you can find excellent odds and betting features. You can sign up and use our betting calculator with any of these online bookmakers.
Best Live Streaming
Many Sports Covered
- Great Live streaming
- Superb app
- Range of payment methods
Aussie Sport Focus
Great for Multi Bets
- Competitive odds
- Aussie-owned bookie
- No live view
Sports and Fantasy Betting
Range of Markets
- Range of sports markets
- Fantasy sports betting available
- Basic betting app
Sports and eSports
eSports Live Streaming
- Sports and eSports covered
- Horse and greyhound racing
- Less futures odds
Social Betting Site
Copy and Follow Other Punters
- Social bookie
- Copy bets
- Fewer deposit methods
Great Betting App
Watch Live Streams
- Impressive mobile app
- Live streaming available
- Fewer withdrawal options
Excellent Racing Bookmaker
Lots of Racing Odds
- Horse racing focus
- Latest odds highlighted
- No live streaming
New Aussie Bookie
Lots of Racing Markets
- Easy-to-use site
- Excellent betting app
- No live streams
Good New Bookmaker
Top Racing Focus
- Good for racing odds
- Odds boosts
- Live streams not offered
Strong New Aussie Bookie
Excellent Racing Focus
- Quick and easy to bet
- Good betting app
- No live streaming
Live Betting Online
Betting Exchange
- Live betting via the exchange
- Bet against other punters
- No general sportsbook
Horse Racing Live Streams
Big Races Covered
- Good horse racing coverage
- Horse racing live streaming
- Less deposit methods
Best Fantasy Betting Site
Large Prize Pools
- Excellent choice of fantasy leagues
- Big prize pools
- No general betting markets
