Sports betting, as crazy as it sounds could turn out to be a much more profitable way to invest than the traditional ways that we are use to like stocks, bonds and mutual funds and can be as profitable as other avenues like online poker at big sites like www.pokerstars.co.uk
Let me ask you a question.Are you happy with the way the stock market is working out for you?
If you are like most, you have either seen some small returns or even worse some large losses.The majority of people these days are losing a lot of money with the poor performance of the market.
How much interest are you getting from the bank? If you are lucky you may be getting a ridiculously low amount like 3%.I’m sure you would agree with me that these options really don’t sound that appealing.Now let’s look at the potential that sports betting can deliver.
To start off, the reason why so many people lose while betting on sports is because they don’t treat it as a legitimate investment option.They place bets on their favorite teams, don’t pay any attention to their bankrolls and wager just because the game is on television.I want to show today is that sports betting can be lucrative if done properly.
For this example we will use a thousand dollar starting bankroll.Your bankroll could obviously be different, but to illustrate I will be using one thousand dollars.Now what most people do is bet $100 on one game and maybe another $200 or $300 on another one that they like more.The problem with this is that this is way too much to have at risk on one game.My personal recommendation is to wager no more than 5% on any game.For 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 let’s use a very conservative win rate of 57% and that you wager on only 2 of your best picks per day.At the end of the first month, here is what the numbers could look like.
| 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.I’m sure you would agree that 28% returns after 1 month is pretty incredible, but we are not done there.For month two you should recalculate 5% of your new bankroll of $1280 making your new bet amounts $64.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 incredible 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 betting 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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