Why Slow & Steady is the Key to Sports Betting Success

With all of the exaggerations in the media today with the “Guaranteed Locks of the Year” or the “10 Star Locks of the Week”, the average sports bettor may find it hard distinguishing fiction from reality.They fall into the trap of believing that it’s possible to turn a tiny amount of money into thousands overnight.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 kids story 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 be very disciplined, manage your bankroll properly and follow a winning sports betting system.What they really want to know is if it’s possible to make tons of money from sports betting very quickly with little effort.To this question 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 two ways that you can go about achieving this goal. 

Option1 – Choose a game to bet on from your favorite sport.Now just place a bet of $11,000 on your favorite team and hope for the best.If you are lucky enough to win this game, your $10,000 goal has been accomplished.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 fast using this method. 

Option2 – Take that same $10,000 that you bet for option 1, but instead of risking it all on just one team you can spread it around on several games.My recommendation would be to bet 5 percent of your budget on any given game.The goal is to create small gains and use the power of compound interest to obtain your $10,000 goal.To help illustrate this, we will use a conservative win rate of only 57% as well as say that you will be betting on only 14 games per week which works out to only 2 games per day.This is what it would look like.

Bankroll

$10,000

Bet Size 5%

$500

# Games

14

Win %

57%

Wins

8

Losses

6

Win $$$

$4,000

Loss $$$

$3,000

Vig 10%

$300

 

 

Net Win $$$

$700

% Increase

7%

 So by using this conservative example of increasing your bankroll by 7% per week and a winning percentage of 57%, you can achieve that $10,000 goal in just under 11 weeks.This methond may take a bit longer, but you are never really putting your bankroll at risk.I’m sure you would agree that this is a much safer option and the great part is that once you increase your banrkoll by 100% you can now adjust your betting amounts from $500 to $1000 per game as that would be the new 5%.

Now imagine if you bet on more teams each week and that you could increase your winning % to 60%.The 100% increase could be achieved 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.