How does the AI-powered transaction entry work?

Simply speak or type naturally like "won 100 at stake betting" and our AI instantly parses your input to create a transaction. It recognizes transaction types (profit/loss/deposit/withdrawal), amounts, platforms, and categories. You can review and confirm before saving. Works with both voice input and text.

How does Manage Bankroll track my trades and bets?

Manage Bankroll uses manual entry with optional AI assistance. You can enter transactions manually, or use our AI-powered voice/text entry for faster logging. We never connect to your bank accounts or trading platforms automatically, giving you complete control over your data.

Is Manage Bankroll really free?

Yes, Manage Bankroll offers a free plan with core features including manual transaction tracking, profit/loss analysis, and basic reporting. Pro features are available for advanced users.

What types of trading and betting can I track?

You can track sports betting, poker, casino games, day trading, swing trading, crypto trading, forex, options, and more. Any form of trading or gambling with a bankroll can be tracked.

Is my financial data safe?

Yes, your data is completely safe. Since we use manual entry only and never connect to your bank accounts, your sensitive financial information never leaves your control. All data is encrypted and stored securely.

Can I track multiple accounts or platforms?

Yes, you can track unlimited platforms and accounts. Whether you use multiple sportsbooks, poker sites, or trading brokers, you can manage them all in one place.

Does Manage Bankroll help with gambling tax records?

Yes, Manage Bankroll tracks all your wins and losses with detailed records that can be exported for tax reporting. You can generate win/loss statements and maintain accurate gambling income records for IRS reporting.

Can I track live sessions in real-time?

Yes, our live session tracking feature lets you monitor your profit/loss in real-time during poker, casino, or trading sessions. Track your bankroll changes, session duration, and performance metrics as you play or trade.

How is this different from spreadsheet tracking?

Unlike spreadsheets, Manage Bankroll provides automated calculations, visual analytics, live session tracking, and dedicated tools for different betting and trading types. It is easier to use and provides insights that are difficult to achieve with manual spreadsheet tracking.

Bankroll Management Calculator: The Complete Guide to Optimizing Your Betting and Trading Capital

What is a Bankroll Management Calculator?

A bankroll management calculator is an essential tool for any serious bettor, poker player, or trader. It helps you determine the optimal amount to risk on each wager or trade based on your total bankroll, risk tolerance, and expected edge. Without proper bankroll management calculations, even profitable strategies can lead to ruin through poor position sizing.

Why You Need a Bankroll Management Calculator

The mathematics behind bankroll management are crucial for long-term success:

Prevents Overbetting: Risking too much on a single bet can wipe out your entire bankroll
Maximizes Growth: Proper sizing compounds your winnings over time
Reduces Variance Impact: Smooths out the inevitable losing streaks
Maintains Discipline: Removes emotional decision-making from bet sizing

Key Formulas Used in Bankroll Calculators

The Kelly Criterion

The Kelly Criterion is the gold standard for bankroll management calculations:

Kelly % = (bp - q) / b

Where:

b = decimal odds - 1
p = probability of winning
q = probability of losing (1 - p)

For example, if you have a 55% chance of winning an even-money bet:

Kelly % = (1 × 0.55 - 0.45) / 1 = 10%

Fractional Kelly

Most experienced bettors use fractional Kelly (typically 1/4 to 1/2 Kelly) to reduce variance:

Full Kelly: Maximum growth but high volatility
Half Kelly: 75% of maximum growth with significantly less variance
Quarter Kelly: 50% of maximum growth with minimal variance

Fixed Percentage Method

A simpler approach where you risk a fixed percentage (typically 1-5%) of your bankroll on each bet:

Conservative: 1-2% per bet
Moderate: 2-3% per bet
Aggressive: 3-5% per bet

How to Calculate Your Optimal Bet Size

Step 1: Determine Your Total Bankroll

Your bankroll should be money you can afford to lose completely. Never use funds needed for essential expenses.

Step 2: Assess Your Edge

Be honest about your expected win rate. For sports betting:

Break-even at -110 odds requires 52.4% accuracy
A 55% win rate represents a solid edge
60%+ is exceptional and rare

Step 3: Choose Your Risk Tolerance

Consider your psychological comfort with variance:

Risk-averse: Use 1% fixed or quarter Kelly
Balanced: Use 2% fixed or half Kelly
Aggressive: Use 3-5% fixed or full Kelly

Step 4: Apply the Formula

Example calculation for a $10,000 bankroll with 55% win rate on -110 odds:

Using 2% fixed method: $10,000 × 0.02 = $200 per bet

Using half Kelly:

Full Kelly = (0.55 × 2.1 - 1) / 1.1 = 5.45%
Half Kelly = 2.73%
Bet size = $10,000 × 0.0273 = $273

Bankroll Calculator for Different Activities

Sports Betting Calculator

For sports betting, consider:

Multiple bets per day increases variance
Parlays require smaller percentage bets
Live betting needs even more conservative sizing

Poker Bankroll Calculator

Tournament vs Cash game requirements differ:

Cash games: 20-30 buy-ins recommended
Tournaments: 50-100 buy-ins for MTTs
Sit and Gos: 30-50 buy-ins

Trading Position Size Calculator

For day trading and investing:

Never risk more than 1-2% per trade
Account for stop-loss distance
Consider correlation between positions

Common Bankroll Management Mistakes

Chasing Losses: Increasing bet size after losses
Ignoring Variance: Expecting smooth, linear growth
Overestimating Edge: Being too optimistic about win rates
Moving Up Too Fast: Jumping stakes before bankroll supports it
No Tracking: Flying blind without recording results

Using Manage Bankroll for Calculations

While spreadsheets work, a dedicated bankroll management tool like Manage Bankroll makes calculations automatic:

Track Every Bet: Log all wagers with amounts and outcomes
See Real Win Rates: Know your actual edge based on historical data
Monitor Bankroll Changes: Watch your capital grow or shrink over time
Multiple Platforms: Manage bankrolls across different sportsbooks or poker sites

Building Your Bankroll Management System

Start Conservative

Begin with smaller percentages until you have confidence in your edge:

First 100 bets: Use 1% maximum
After proven edge: Gradually increase to 2-3%
Never exceed 5% on single bets

Adjust for Confidence

Size bets based on confidence level:

High confidence plays: Full percentage
Medium confidence: 50-75% of standard bet
Low confidence: Skip or minimum bet

Rebalance Regularly

As your bankroll changes, recalculate bet sizes:

After 20%+ gain: Increase unit size
After 20%+ loss: Decrease unit size
Monthly review at minimum

Conclusion

A bankroll management calculator transforms gambling and trading from speculation into a systematic approach. Whether you use the Kelly Criterion, fixed percentage method, or another system, the key is consistency and discipline.

Start tracking your bets today with manual entries to build the data foundation needed for accurate bankroll calculations. Your future self will thank you for protecting your capital while maximizing growth potential.

Remember: The best bankroll management calculator is one you actually use consistently. Track every bet, calculate your true edge, and let mathematics guide your position sizing.