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Posts Tagged ‘bet on sports’

With all of the exaggerations in the media today with the “Guaranteed Wins of the Year” or the “10 Star Locks of the Month”, the average sports bettor may find it hard distinguishing fiction from reality.With the promises of turning a small amount of money into $1000’s overnight clouds their judgment.Unfortunately this is not the truth.To be successful with sports betting you need to treat it like a marathon and not a sprint.Like the kids story The Tortoise and the Hare, slow and steady wins the race. 

I am approached by people all of the time asking if it’s possible to really make money from sports betting and my answer is always the same: Yes with a big BUT.You need to properly manage your bankroll, be extremely disciplined and must have a reliable and profitable sports betting system that you follow.What they really want to know is if it’s possible to make a lot of money from sports betting very quickly with little effort.To this I can only answer Yes and No. 

So let’s say you decide to make your sports betting target $10,000.Here are the 2 ways that you can go about achieving this target. 

Option1 – Choose a game to bet on from your favorite sport.Choose a team that you want and bet $11,000 and prey.If the game wins you just made your goal of $10,000.Unfortunately if you lose your are down $11,000 which is far from achieving your $10,000 goal.This is definitely not the option that I would recommend as it comes with too much risk.You can win a lot of money very quickly or lose it just as quickly. 

Option2 – Take that same $10,000 that you bet for option 1, but instead of risking it all on just one game you can spread it around on multiple games.My suggestion would be to bet 5% of your bankroll on any given team.The goal is to obtain small gains and use the power of compound interest to accomplish your $10,000 goal.For this example let’s say that you bet on only 2 games per day and a total of 14 games per week with a conservative winning % of only 57%.This is what it would look like.

 So by using this conservative example of increasing your bankroll by 7% per week and a winning percentage of 57%, you can achieve that $10,000 target in just under 11 weeks.Although it takes a bit longer, it comes with much less risk as you are never really jeopardizing your bankroll.I don’t know about you, but I like the safe and sure way and the best part is that once you have increased your bankroll by 100% then your bets now would be $1000 instead of $500.

Imagine what could happen if you increased your win rate to 60% and bet on more games per week.You achieve that 100% increase at a much quicker rate then the 11 weeks from above.

If you would like to learn more about how to be profitable at sports betting, then please grab a copy of my Free ebook : “Sports Investing Secrets – How to Turn $1,000 into $1,024,000 in Less Than 5 Years Betting on Sports” at my website http://www.1stopsportsinvestors.com.

I know it sounds strange, but the skills needed to building your own house can be used to be successful with sports betting.It is critical to have an action plan, a stable foundation and the perserverance and discipline needed to get past the obstacles along the way.The difference between the losers and the winners are directly related to how well they master these 3 traits.Now let’s have a look at each of the traits case by case. 

THE PLAN – Having a blueprint and action plan are usually the first steps that people take when they want to build a house.Details of the project are outlined to go over all of the details of who to hire, when work is to be completed and costs.This is a very important step to help define and guide the project to completion in a timely manner. 

This is also the case with sports betting.A well thought out action plan is a must if you want to be successful.Just betting for the sake of betting with no specific objective in mind is just asking for failure.By sticking with a proven sports betting system day in and day out, will increase your chances of being successful. 

THE FOUNDATION – Now the building process begins.So what’s the most important step at this point? The foundation.This by far is the most important part of the project once the actual building has started.We have to face the facts and if your foundation isn’t solid then your house will have nothing to stand on.Having a weak foundation limits your building options. 

So what does building a foundation have to do with sports betting? 

Well in short, your bankroll is your foundation and is probably 1 of the main reasons why most sports bettors fail.Most of them fail when it comes to bankroll management which in turn leaves them broke.Your journey to success can’t continue if you don’t have any money.Protecting your bankroll is essential if you want to continue down your path of sports betting success. 

DISCIPLINE & PERSERVERANCE – I don’t know about you, but whenever I buy something at the store that says “Assembly Required” I cringe at the thought.What should probably take ten minutes to complete takes me about 2 hours.How often have you seen tasks taking much longer than expected, broken budgets and missed deadlines? These types of things occur all the time when building a house and need to be included as part of the original game plan.Overcoming these obstacles is very important to ensure project completion and any good project manager knows this. 

What’s the relation to sports betting you wonder? 

Unfortunately even if you are following a proven and profitable sports betting system, you will not win all of the time.It’s virtually impossible to win every game and anyone that says that they can is simply lying to you.There will be losses and there will be losing streaks, but if you stick to the proven system you will be successful in the long run.During these losing streaks what happens to most is that they end of quitting or increasing their wagers to make up for the previous losses.This approach will have your bankroll foundation crumbling very quickly.It is important that you stay focussed and stick with the plan.These losing streaks are all part of this sports betting roller coaster ride. 

To Learn more about how to be a profitable sports bettor, 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 http://www.1stopsportsinvestors.com

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.

**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

If you are a seasoned pro or are new to sports betting, then you probably know that it’s not an easy task to make money from this endeavor.Knowing what you are up against before you get started can make this task a little less difficult and profitable.  

In the sports betting world there is this misconception that we are all trying to “Beat the Bookie”, but in reality the sports books are not the enemy at all.They just offer a safe and secure method for the general public to place their wagers and they take a little % of all of the action as a service fee called the juice or vig (Usually 10%).The main goal of the online sports book is to have equal amounts of bets on both sides of a particular game.They don’t care who wins as they get to keep their 10 percent just for accepting the wagers.  

The standard odds of 11/10 that are primarily used on football and basketball, will be used for this example.What this means is that you need to wager $11 to win $10 or $110 to win $100.Here is how it works.  

We will use the New York Jets and the New England Patriots for this example and let’s say the Patriots are the favorite by 7 pts.So if you wanted to bet on the NY Jets +7 pts then you would have to bet $110 with a opportunity to win $100.If you wanted to bet on the Patriots minus 7 you would have to bet the same amounts.So here is how the online sportsbooks make their money.If they managed to do their jobs correctly they should have had the same amount of wagers on both the Jets and the Patriots.  

Group A – 1000 people bet on the Jets + 7 for a total of $110,000.
Group B – 1000 people bet on the Patriots -7 for a total of $110,000.  

Now let’s say the Patriots win the game by 10 points and cover the spread making all of the Group B winners.The sportsbook then collects the $110,000 of the losing Group A bets and pays out $100,000 to the Group B winners pocketing a cool $10,000 in the process just for accepting the action.Not a bad pay out for about 3 hours worth of work.Now multiply this one game times several games that go off each week and month and you can see that the sportsbooks are singing all the way to the bank.  

As you can clearly see the sportsbooks are not the enemy.It’s the lines makers that you need to beat and with a little discipline, bankroll management and a proven sports betting system it’s a number that can be beat.  

If you would like to learn more about how to be profitable at sports betting, then please grab a copy of my Free ebook : “Sports Investing Secrets – How to Turn $1,000 into $1,024,000 in Less Than 5 Years Betting on Sports” at my website http://www.1stopsportsinvestors.com.