I know it may sound crazy to a lot of you, but if done correctly sports betting may be a much more attractive form of investing than the regular main stream options that we are use to like stocks, bonds and mutual funds.
Let me ask you this question.How is the stock market treating you?
Like the majority of people, I’m sure you have experienced some really small returns or even worse suffererd some large losses.With how the market is performing these days the majority of the general public are losing money and a lot of it.
How much interest are you getting from the bank? If you are lucky you may be getting a ridiculously small amount like 3%.I don’t know about you, but these options really don’t sound that promising.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 wager on games just because they are on television, bet on their favorite teams and neglect to follow strict bankroll management practices.The goal for today is to show that if done properly, sports betting can be extremely profitable.
Let’s say you start out with $1,000 bankroll that you put aside for sports betting.Of course you could have more or less, but for this example I will be using $1,000 to illustrate.Now what most people do is bet $100 on one 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 bet 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 wagers using the 11/10 offered on the major sports like NFL football and NBA basketball.In this example let’s use a very conservative win rate of 57% and that you bet on only two of your best games per day.Here is how the numbers would look after 1 month.
|
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%
What we can tell from these numbers is that your bankroll would have increased by 28 percent and you would have profited a total of $280.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.Now that your starting bankroll for month 2 is $1280, your new bet amount should be $64 which is 5% of the new bankroll amount.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 astonishing interest rate of over 1900%.
So let me ask you 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.Any way you spin it, sports investing needs to be looked at more seriously as a realistic investment vehicle.
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