You may be like I was years ago and had never heard the term “Sports Investing.”
Before I learned about sports investing, I was placing a big bet on the game that I knew was going to hit and some more a few other nice looking games. To cap off the day I would place one or two small bets for shits and giggles.
I quickly learned that this wasn’t a successful equation. It is the easy road to becoming desperate and calling a scamdicapper. Sick of losing all the time and taking cash advances to pay the bookie, I started searching online.
I was working nights at a hospital. While some nights were extremely busy, other nights supplied me with more time than I could endure. Sometimes I thought I would find the end of the internet.
I discovered that the internet is littered with sports gambling related websites. Most are trying to make a quick buck off of you before their site and worthless information fades away. Others are only sports book affiliate farms, offering banners for every possible sports book and poker room online. These guys are looking to make money from their players’ losses with out giving anything of value to those that click into one of those sports books.
Finally, while searching for betting strategies, I found certain sites that spoke about something called sports investing. These sites were speaking about betting a unit of their bankrolls and preaching that there is no such thing as a LOCK.
Is sports investing gambling? You bet it is!
That’s what makes it so fun.
Sports investing was coined to describe a disciplined method of wagering on sporting events. The principles of sports investing teach you to manage your funds to maximize your profit while minimizing your risk.
When you first decide to practice sports investing, you must determine what your bankroll is. Your bankroll is the amount of money that is set aside for your season long action. This money must be funds that if completely exhausted will not affect your living situation. Sports investing losses should never interfere with bills you have to pay or any other living necessity.
When I first learned of sports investing, I decided to test this theory out. After all the other systems and frauds that I found online, I was a little skeptical. However, this information was pieced together from multiple sources.
For my jump into sports investing, I staked myself a $1,000 bankroll. The size of my bankroll directly stipulated the size of the wagers I was going to be placing on my games. This amount is called a unit. The roll of thumb is that a unit equals to 5% of your bankroll. You can use 3%, 5% or even 10%. It all depends how aggressive or conservative you want to be.
In my case I decided to go with 5%, or $50. Now I didn’t don’t just go out placing a unit on every game. I began my week researching each game before I made my final decision. My research includes more than watching NFL Countdown and Sports Center. I use multiple online sites and offline resources before placing my bets. Handicappers and sports investors are known to put 10-40 hours a week into their picks.
After I do my homework and have a short list of games that I feel for one reason or another are the best games on the board, I go and place the same unit on each game. By placing this unit on each game, I am decreasing the volatility of the sports investing market by reducing my exposure to the juice that is included on losing wagers.
By placing a unit on 3-5 games that I researched provides me the opportunity to profit by hitting 55-60% of your wagers. If I hit 2 of my 3 plays during to the day games, I am up $45 (using $50 as a unit). If I win the Sunday Night Game, I will up $95. If I end up on the losing side of the Monday Football Game, I am still up $45. But I win I will be up $145 for the weekend.
In that example above, I won 3 of my 5 wagers that weekend. That is a winning percentage of 60%. As you can see, if you can average that winning percentage throughout the season, the only thing that limits your profit is the size of your bankroll and unit.
One final rule of sports investing is that you never risk more than half of your bankroll at any one given time. You should always have enough of a bankroll to fight back if you follow this golden rule.
Just like any hobby, sports investing is not for everyone. I can’t build a masterpiece wooden bench, and some people just aren’t as good at betting on sports as others. While most people lose at sports gambling because they are undisciplined and have no sense of money management, other people are better than others at picking winners and doing homework. If you find that you are always losing, you may want to re-evaluate your choice of hobbies. You may be handier with a radial saw.