Back to Encyclopedia
Flat Betting
generalA bankroll management strategy where you bet the same amount on every wager regardless of confidence level.
Key Takeaways
- 1Flat betting means the same amount on every bet
- 2Recommended for most recreational bettors
- 3Simpler and safer than variable sizing
- 4Use 1-3% of your bankroll as your unit size
What is Flat Betting?
Flat betting means wagering the same amount on every bet, regardless of how confident you are. It's the simplest bankroll management strategy and is recommended for most recreational bettors.
How It Works
Pick a unit size (typically 1-3% of your bankroll) and bet that amount on every wager:
- Bankroll: $1,000
- Unit size: 2% = $20
- Every bet is $20, whether you love it or just like it
Pros and Cons
Pros:
- Simple and disciplined
- Protects against overconfidence
- Limits damage from losing streaks
- Easy to track performance
Cons:
- Doesn't maximize profit on high-confidence bets
- Less optimal than Kelly Criterion for skilled bettors
Flat Betting vs. Kelly Criterion
Flat betting is safer but less optimal. The Kelly Criterion sizes bets based on edge, which maximizes long-term growth but requires accurate probability estimates. For most people, flat betting is the better choice because it removes the temptation to overbet.