Imagine putting down a fiver and winning hundreds of dollars in return. It feels fantastic! Unfortunately, the probability of winning against the odds repeatedly is low. In other words, betting against the odds isn’t a sustainable strategy—especially if you’re short on funds!
So, how do you rack up the wins on a betting website if you’re short on funds? The answer depends on whether you’re in a live casino or placing a bet on sports online.
Betting Sites Ranking provides detailed information on various casino websites like 1xBet and BetWay. We also link users to numerous sports betting websites, including those that don’t require verification. Curious to know what types of strategies to use on these sites? You’re in the right place!
Here’s a look at strategies to win big at online poker, casino spins, and sports betting with a limited bankroll. We’ve also put together a list of key things to remember before you gamble online with limited funds. Enjoy!
Casino Online Betting
Choose Online Poker Tables with Small Blinds & Lots of Players
Did you know there are mandatory bets on certain players in each round of poker? These bets are called “blinds” because the players placing them are required to do so without checking their cards. But why is it important to understand this? Well, if you want to win big with a limited bankroll in online poker, it’s vital to choose a table with small blinds.
For instance, in Texas Hold’Em, the “small blind” places a minimum bet, and the “big blind” doubles it. The remaining players choose between matching the big blind (“calling”) or opting not to play that round (“folding”). At the end of each round, the blinds move to the left—which means at some stage, every player is a small or big blind.
If the table’s blinds are high and you’re playing with limited funds, you’ll find yourself placing big bets every time it’s your turn to be the blind. Unless you’re a fantastic poker player, you’ll zero out due to blind payments before you know it!
Therefore, it’s vital to select poker tables with small blinds. It’s also worth selecting tables with lots of players as this will give you more time to analyze the other players before it’s your turn to be the blind.
Avoid Being Superstitious When Playing Casino Spins Online
One of the best ways to win big at casino spins is to avoid being superstitious. The more superstitious you are, the more erratic you’ll be, and the quicker you’ll zero out if your bankroll is limited!
For instance, it’s common for people to think casino sites rig online slot machines. However, the same players attribute their online casino wins to good fortune! The reality is that the best online casino sites use betting software containing algorithms known as pseudorandom number generators. In other words, casino spins are always random.
In simpler words, if you’re playing slots on a reputable casino online and you aren’t superstitious, you’ll acknowledge that your wins are the result of good luck. This will make it easier to walk away after a big win!
On the other hand, if you’re superstitious, you might be tempted to think you’ve discovered a winning pattern. This will cause you to bet with a heavy hand even if you start losing—and you’ll end up depleting your limited bankroll immediately!
Recommended reading from our blog: What Are Casino Spins?
Bet on Sports Events You Know and Follow
Picture this: It’s one week before the Champion’s League final and you’ve followed Real Madrid all season. You analyzed the tactics behind their comebacks against PSG and Manchester City—so you’re confident Real striker Benzema will act as a decoy in the final against Liverpool. This will allow fellow Real Madrid forward Vinicius Jr to take shots at Liverpool’s goalkeeper Alisson and potentially score.
You check the champions league odds being offered by some of the best online betting sites for a multi-bet that Vinicius Jr will score, and Real Madrid will win. You think the 20-to-1 odds being offered for this multi-bet are far higher than what they should be, so you pop a fiver on it because your bankroll is limited. Lo and behold, Vinicius scores in a 1-0 win for Real and you end up earning $100!
This is a great example of a sports bettor with a limited budget using their knowledge to take rack up a big win. The more you know about a sporting event, the better you’ll be at spotting unrealistic odds you can take advantage of to win big despite having a limited bankroll!
Recommended reading from our blog: How to Avoid Big Sports Betting Losses
Stick to One Sports Betting Strategy
If you’re betting on sports with limited funds, chances are you’ll lose a ton of money if you keep changing your strategy. Why? Because it’s impossible to tell whether a sports betting strategy is working if you’ve only placed a handful of bets!
If you switch to a new betting strategy and your bankroll is limited, you won’t have the funds required to determine whether your new strategy is working. Therefore, it’s best to stick to one strategy to maximize your earnings with limited funds. But what strategy should you use?
Here are two common sports betting strategies to consider.
1. High Odds, Small Bets
The first type of strategy to win big with limited funds is to look for high sports betting odds and bet small. For instance, suppose you’ve got $20, and you want to bet on the NBA finals. You check the latest basketball odds and find betting websites offering15-to-1 odds for various players in the Celtics to score at least 20 points against the Warriors.
If you’re on this strategy, you could make five small bets of $3 each for different players to score more than 20 points. Your risk is spread over 5 bets and if you win any one of them, you’ll get a $45 payout immediately!
In other words, this is a great strategy if your bankroll is limited and you’re aiming to win big. However, your success depends on how much you know about the players you’re betting on.
2. Low Odds, Large Bets
This strategy is the opposite of the one we’ve just mentioned above. Let’s use the same NBA finals example—you’ve got $20, but this time, you want to place all your funds on a single bet that has low odds because it’s extremely likely to occur.
Suppose you find an online betting website giving out 1.55-to-1 odds of the game finishing without heading into overtime. You know that overtime is always extremely unlikely, so you put a single bet worth $20 for a potential return of $31.
In this strategy, you’ve put all your eggs in one basket—but the chances of getting a positive result are far higher than the “high odds, small bets” strategy! Both strategies have the potential to yield big wins despite being on a limited bankroll. Ultimately, the strategy you choose depends on how risk-averse you are.
Recommended reading from our blog: Betting Strategies You Need to Try
Remain Calm If You’re Betting Live
Have you ever made a set of sports bets while waiting for the results of earlier bets? If you have, chances are you’re not a patient bettor!
If you’re betting live, it’s tempting to put money on a series of events that don’t make sense in the heat of the moment. Unfortunately, doing this with limited funds will cause you to burn through your bankroll immediately!
Therefore, it’s vital to be patient if you’re betting live on sports. The more patient you are, the more information you’ll pick up to boost your chances of winning despite having a limited bankroll. Here’s an example to demonstrate the importance of patience when betting live.
Suppose you’ve got a list of NFL expert picks you’ve decided to follow in the upcoming pre-season. One of the expert NFL predictions you agree with is for the Rams to win their season opener against the Bills since Matthew Stafford wants to stay at the Rams for a long time. You’ve used statistics to verify the information, so you pop a bet for the Rams to beat the Bills.
When the day of the season opener arrives, the Bills go up in the first quarter. You get overexcited and forget why you backed the Rams, so you end up making a series of live bets on the Bills to do well. However, the Rams end up winning—so you zero out because of your impatience!
If you want to avoid this scenario, be patient when you’re betting live on sports. Let events you’ve bet on play out fully before making new bets, and never be in a rush to make money based on short-term events.
Additional Things to Remember Before You Gamble Online with Limited Funds
Don’t Fall for the Gambler’s Fallacy
Have you ever tried predicting roulette numbers based on the numbers that have already come out? If ten black numbers in a row came out, surely the next number is red or green, right? Wrong!
This is the perfect example of the gambler’s fallacy at play. It refers to the idea that an event can be predicted using the results of a previous event—even though they’re completely unrelated! But why is it useful if you want to win big with a limited bankroll?
Well, if you find yourself falling for the gambler’s fallacy, you’ll waste your limited funds making nonsensical bets.
In the roulette example above, you’ll see ten black numbers come out and automatically assume the likelihood of the next number being red or green is high. Therefore, if you only have $20, you might put $10 each on red and green—only to lose everything because the 11th number also happens to be black!
Take Calculated Risks
If you think it’s possible to have a limited bankroll and win big on a betting website without taking risks, think again! Whether you’re betting live in a casino online or on an upcoming sporting event, if you want to earn big, you must take risks. But how do you take risks without jeopardizing your chances of winning?
The answer is to think carefully about the pros and cons associated with a risky bet before making it. Ask yourself—are the odds being offered higher than the odds you’d give this bet? Are you making this bet rationally rather than emotionally? Will you let go easily if you don’t win the bet? If you answer ‘yes’ to these questions, chances are you’ll be taking a calculated risk by making the bet.
Withdraw Your Winnings & Bet Using Profits
If you’ve got a limited bankroll and you win big by taking a calculated risk in a casino online, withdraw your initial deposit. Why? Because if you do this, you’ll be playing purely using profits. In other words, if you zero out, you won’t be any worse off than when you started!
Online casinos have a house edge like real casinos. In other words, if you win big in a casino online and you keep playing, eventually you’ll lose all your money. Therefore, it’s vital to withdraw your funds if you’re fortunate enough to win a big bet.
Treat Your Bankroll as a Sunk Cost
Throughout this guide, we’ve given you tips on how to win big assuming your bankroll is limited. But what if we said one of the biggest ways to maximize your wins is to treat your betting funds as sunk costs?
Sunk costs are costs that have already been spent and can’t be recovered. Therefore, treating your betting funds as sunk costs means being ready to lose them from the outset.
If you do this, you won’t be emotionally impacted by bets that don’t result in your favor. In other words, you’ll be more likely to make rational bets that follow strategies like the ones we’ve listed today.
We provide comprehensive sports betting site reviews, a list of the best daily bets, and information on the best crypto betting sites available. We’ve also got a ton of information on the best live casino websites and offer bettors the chance to compare top betting websites using our online comparison tool. In addition, we’ve got a fantastic blog with numerous articles on all things betting-related to help you expand your betting knowledge!
Maximize your chances of winning big with a limited betting bankroll with Betting Sites Ranking.