Why People Are Taking Their Money Out of the Market to Bet on Sports
Sports betting, as crazy as it sounds could turn out to be a much more profitable way to invest than the traditional ways that we are use to like stocks, bonds and mutual funds.
Here is a question for you.How is the stock market working out for you?
If you are like most, you have either seen some small returns or even worse some serious 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 low amount like 3%.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.
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.What 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 one game and maybe another $200 or $300 on another one that they like more.The problem with this is that this is way too much to have at risk on one game.My personal recommendation is to bet no more than 5% on any game.Sticking with this example your wagers should be no more than $50 per game.
Now some of you may or may not 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 football and basketball.For this example let’s use a very conservative win rate of 57% and that you bet on only two of the best games per day.Here is what 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%
After reviewing the numbers from this conservative example you can clearly see that you would have profited $280 and increased your total bankroll by 28 percent.I’m sure you would agree that 28% returns after one month is pretty incredible, but we are not done there.Now that your starting bankroll for month two 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 percent.
So let me ask you the question again.Are you still happy with the performance of the market? You will still experience great returns even if your win rate drops to 56% or even 55%.Any way you spin it, sports betting needs to be looked at more seriously as a alternative 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
