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.
Here's a question for you.How is the stock market working out for 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 now a days most of the general public are losing money and a lot of it.
How much interest are you getting from your bank? If you are lucky you may be getting a ridiculously low amount like 3 percent.I don't know about you, but these options really don't sound that promising.Now let's look at an alternative option with sports betting.
To start off, the reason why most people lose while betting on sports is because they don't look at it as a legitimate investment option.They bet on games just because they are on television, bet on their favorite teams and neglect to follow strict bankroll management practices.What I want to show today is that sports betting can be lucrative if done properly.
Let's say you start out with one thousand dollar bankroll 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 bet $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 betting on one game.My personal recommendation is to bet no more than 5% on any game.Using this example your wagers should be $50.
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, we will say that you will bet on only 2 games per day and use a very conservative win rate of 57%.Here is what the numbers would look after the first 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%
What we can tell from these numbers is that your bankroll would have increased by 28% and you would have profited a total of $280.I'm sure you would agree that 28% returns after 1 month is pretty incredible, but we are not done yet.For month 2 you should recalculate 5% of your new bankroll of $1280 making your new bet amounts $64.Staying 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 you 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.No matter how you look at it, sports investing needs to be given a serious look as an investment opportunity.
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
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