With all of the hype in the media today with the “Guaranteed Locks of the Year” or the “10 Star Locks of the Month”, the average sports bettor may find it difficult distinguishing fiction from reality.With the promises of turning a small amount of money into $1000′s overnight clouds their judgment.Unfortunately this isn’t the reality.If you really want to be successful with sports betting then you need to start thinking of it in terms of a marathon and not a sprint.Like the children’s book The Tortoise and the Hare, slow and steady wins the race. 

I am approached by bettors all of the time asking if it’s possible to really make money from sports betting and my answer is always the same: Yes with a big BUT.You need to properly manage your bankroll, be extremely disciplined and must have a winning and profitable sports betting system that you follow.What they are really trying to find out is that without putting in a lot of effort, if it is possible to make a lot of money from sports betting.To this I can only answer Yes and No. 

Let’s say you set a goal to make $10,000 from betting on sports.Here are the 2 ways that you can go about achieving this goal. 

Option1 – Choose a game to bet on from your favorite sport.Pick a team that you want and bet $11,000 and cross your fingers.If the game wins you just won your target of $10,000.If you end up losing this bet then you would have lost $11,000 and a mile of away from the $10,000 goal.This is what is known as gambling and NOT the option that I recommend.Large sums of money can be won or lost extremely quickly using this method. 

Option2 – Take that same $10,000 that you used for option 1, but instead of betting it all on just 1 game you can spread it around on several games.My suggestion would be to bet 5% of your bankroll on any given team.The objective is to create small gains and use the power of compound interest to obtain your $10,000 target.In this example let’s say that you bet on only two games per day and a total of 14 teams each week with a conservative winning % of only 57%.Here is how it would look:

 So if we stick with the numbers from this conservative example of 57% win rate while increasing you bankroll by 7% each week, you should be able to achieve this goal in just under 11 weeks.Although it takes a bit longer, it comes with much less risk as you are never really jeopardizing your budget.I don’t know about you, but I like the safe and sure way and the great part is that once you have increased your bankroll by 100% then your wagers now could be $1000 instead of $500.

Now imagine if you bet on more teams per week and that you could increase your winning % to 60%.The 100% increase could be obtained in much less time than the 11 week example above.

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.

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