Sports wagering can really be a great way to earn some extra cash as long as you are willing to following a profitable money management strategy. It’s only once you understand how to implement a good money management system that you will start seeing good returns from sports wagering.
Instead of looking at your betting activities on a win or lose basis, you need to focus on the return on investment that you are making and setting strategic goals that you can continually achieve. Your return on investment in sports wagering means that you are seeking to make an overall profit from the amount of money you have spent placing bets, whether that be over the day, the month or the entire sports season.
A good way to keep track of your results is to write down the total amount that you bet on sports wagering and your wins and losses. Seeing a positive return on your investment really means that your net wins is greater than you losses and total outlay.
As far as goal setting in sports wagering is concerned, if you were to place all your bets with the same odds and for the same amount, you would need almost 53% of them to be wins in order to break even. That might not seem like all that much, but it’s actually a whole lot harder than it sounds. So then setting yourself a goal of 60% wins over three months would be a good start to increasing your profits from sports wagering while applying good money management strategies.
To learn more about how to be successful with sports wagering, go ahead and 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