To a lot of you, using the word investment or investing in the same sentence as sports betting would be like comparing apples to oranges.At first glance they seem world’s a part, but when we take a closer look, sports betting may just be the alternative investment that you are looking for.
If you have been involved with sports betting for several years or just getting started I am sure you have seen companies advertising their pick services in your local paper, online or even on TV.Most of these ads are claiming unrealistic win rates like 80% as well as offering guaranteed picks that if they don’t win they will give you the next day’s picks for free.Let me tell you from personal experience, if you see these types of services you should run as fast as you can.I don’t care what they say, No One wins 80% – 90% of their picks.
Does that mean that you can’t make money with sports betting? In short the answer is No, it is definitely possible to make substantial income from sports betting, but you need to be realistic.If you have the proper discipline, can manage your bankroll and following a winning sports betting system then creating a substantial passive income from betting on sports can be a reality.You just need to know the magic number.
So what is the magic #? The answer is 52.4%.If we use the most popular sports to bet on like NFL and basketball a normal bet would consist of betting against the spread with odds of 11/10 meaning that you would have to wager $110 to win back $100.What this means is that you would only need to win 52.4% of your wagers to break even.Although hitting 80 percent plus winners is virtually impossible over the long haul, the good news is that anything above 52.4% will be profitable.Although having a winning % of 55% doesn’t sound that appealing, you can see some substantial returns month after month with a conservative winning percentage like this.
Let’s look at a conservative example of winning only 55percent and betting on 2 games per day.Here is what the results would look like after one month:
Win Rate 55%
# of Wagers 60 games (2 per day X 30 days)
# Wins 33
# Losses 27
Minus 10% Vig* 2.7
Total Wins: 3.3
*Vig is the % that the online sports books keep for accepting your wagers.Usually 10%
So how does this breakdown? A bettor who wagered $100 would have been up $330 for the month and for a $1,000 bettor that number would be $3,300.Not bad for a few minutes work per day, but let’s look at what this means in ROIpercentage (Return on Investment).
What I personally use and recommend is that if you are going to be flat betting or making the same size wager on each game then you should be using no more than 5% of your total bankroll.So if you have a total of $1,000 then you should be betting $50 per game.By using the same numbers as the example above of +3.3 games this would actually be a profit of $165 and a return of 16.5% on your money in just 1 month.Compound that over a full year and you would be looking at over a 600percent return on your money.I’m sure you would agree that these are some great returns.Compare this to other investments like the stock market or the bank and you can clearly see that sports betting is a viable option even using a conservative example.Now imagine a 56percentage win rate or even 60%.
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.