To a lot of you, using the word investments or investing in the same sentence as sports betting would be like comparing apples to oranges.At first glance they seem completely different, but when we take a closer look, sports betting may just be the alternative investment that you are looking for.
Whether you are new to sports betting or have been involved for years, I’m sure you have seen numerous ads from pick services on television, online or in your local paper.A lot of these ads are offering guaranteed games or claim winning rates of 80% and above.If you see these types of services, you should run in my personal opinion.Nobody can win 80% of their picks in the long run, no matter what they say.
Does that mean that you can’t make money with sports betting? In short the answer is No, it is definitely possible to make substantial income from sports betting, but you need to be realistic.If you have the proper discipline, manage your bankroll and following a winning sports betting system then creating a substantial passive income from betting on sports can be a reality.Knowing the magic number is the key.
So what is the magic #? The answer is 52.4%.If we use the most popular sports to bet on like football and basketball a normal bet would consist of betting against the spread with odds of 11/10 meaning that you would have to bet $110 to win back $100.So what this means is that you would only need to win 52.4% of your bets to actually break even.Since hitting 80% or more winners is almost impossible, the best part is that anything above 52.4% will be profitable.Although having a winning percentage of 55% doesn’t sound that appealing, you can see some substantial returns month after month with a conservative winning rate like this.
Let’s look at a conservative example of winning only 55% and betting on 2 games per day.Here is what the results would look like after a month:
Win Rate 55%
# of Wagers 60 games (2 per day X 30 days)
# Wins 33
# Losses 27
Minus 10% Vig* 2.7
Total Wins: 3.3
*Vig is the % that the online sports books keep for accepting your wagers.Usually 10%
So how does this breakdown? A bettor who wagered $100 would have been up $330 for the month and for a $1,000 bettor that number would be $3,300.Not bad for a few minutes work per day, but let’s look at what this means in ROIpercentage (Return on Investment).
What I personally use and recommend is that if you are going to be flat betting or making an equal size bet on each game then you should be using no more than 5% of your total bankroll.So if you have a total of $1,000 then you should be betting $50 per game.By sticking with the same numbers as the example above of +3.3 games this would actually be a profit of $165 and a return of 16.5% on your money in just one month.Compounding that over a full 12 months tranlates into over a 600percent return on your money.I don’t know about you, but these are some substantial returns.Even with using this very conservative example, you should be able to clearly see that sports betting can be an alternative option to traditional types of investing like the stock market.Now imagine a 56% win rate or even 60%.
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.