Is Sports Betting a Real Form of Investing?
I know it may seem crazy to a lot of you, but if done properly sports betting can be a much more profitable form of investing than the traditional main stream options that we are accustomed to like stocks, bonds and mutual funds.
Let me ask you this question.Are you happy with the way the stock market is treating you?
If you are like most, you have either seen some tiny returns or even worse some serious losses.With how the market is performing these days most of the general public are losing money and a lot of it.
What’s the interest rate that your bank is giving you? 2% or 3% if you are lucky.I don’t know about you, but these options really don’t sound that appealing.Now let’s look at an alternative option with betting on sports.
To start off, the reason why most people lose while betting on sports is because they don’t treat it as a legitimate investment vehicle.They place bets on their favorite teams, don’t pay any attention to their bankrolls and wager just because the game is on television.The goal for today is to show that if done properly, sports betting can be extremely lucrative.
Let’s say you start out with $1,000 budget that you set aside for sports betting.Your bankroll could obviously be different, but to illustrate I will be using $1000.Now what most people do is wager $100 on one game and maybe another $200 or $300 on another one that they like more.Unfortunately this is much too much to be risking on one game.What I personally do and recommend is never to bet more than 5% of your bankroll on any given game.Sticking with this example your bets should be no more than $50 per game.
Now some of you may or may not know this, but to break even with sports betting you need to win 52.4% of your bets using the 11/10 offered on the most popular sports like football and basketball.For this example let’s use a very conservative win rate of 57% and that you bet on only two of the best games per day.Here is what the numbers would look after 1 month.
|
Starting Bankroll |
|
$1,000 |
|
Bet Amount (5%) |
$50 |
|
|
Win Rate |
57% |
|
|
Total Games Bet |
60 (2X30days) |
|
|
# Wins |
32 |
|
|
# Losses |
24 |
|
|
Total Wins |
8 |
|
|
Juice or Vig 10%** |
2.4 |
|
|
Net Wins |
5.6 |
|
|
Total $$$ Won |
$280 |
|
|
Total % Increase |
28% |
|
|
Ending Bankroll |
|
$1,280 |
**Juice or Vig is the % that the online sports books keeping for taking your bets. Usually 10%
After reviewing the numbers from this conservative example you can clearly see that you would have profited $280 and increased your total bankroll by 28 percent.With an increase of 28% after only one month, I’m sure you would agree that these are incredible results, but we are not done there.Now that your starting bankroll for month two is $1280, your new bet amount would be $64 which is 5% of the new bankroll amount.Sticking with this example and a monthly increase of 28% at the end of 1 year you would have increased your initial bankroll from $1000 to $19,342 and an astonishing interest rate of over 1900%.
So let me ask the question again.How did the market do for you? Even if you drop down the win rate to 56% or 55% you will still have exceptional returns for the year.Any way you spin it, sports investing needs to be looked at more seriously as a alternative investment vehicle.
If you would like to learn more about how to be profitable with sports betting, you can grab a FREE copy of my ebook: “Sports Investing Secrets – How to Turn $1,000 into $1,024,000 in Less Than 5 Years Betting on Sports” by visiting my website at http://www.1stopsportsinvestors.com
