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Is Sports Betting a Real Form of Investing?
Sports betting, as crazy as it sounds could turn out to be a much more profitable way to invest than the traditional methods that we are use to like stocks, bonds and mutual funds.
Let me ask you a question.How is the market treating you?
If you are like most, you have either seen some small returns or even worse some serious losses.With how the stock market is performing these days most of the general public are losing money and a lot of it.
What's the interest rate that the bank is giving you? 2% or 3% if you are lucky.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.
Since most people don't look at sports betting as a realistic investment vehicle, most of them end up losing.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 correctly.
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 1 game and maybe another $200 or $300 on another one that they like more.Unfortunately this is much to much to be risking on one game.What I personally do and recommend is never to wager more than 5% of your bankroll on any given game.For this example your wagers should be $50.
Now some of you may already 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 NFL football and basketball.For this example, we will say that you will bet on only two games per day and use a very conservative win rate of 57%.After 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 made $280 and increased your total bankroll by 28 %.With an increase of 28% after only 1 month, I'm sure you would agree that these are incredible results, 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.Staying with this example and a monthly increase of 28 percent at the end of one year you would have increased your initial bankroll from $1000 to $19,342 and an incredible interest rate of more than 1900%.
So let me ask you the question again.How did the stock 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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