Why People Are Taking Their Money Out of the Market to Bet on Sports

I know it may sound crazy to a lot of you, but if done properly sports betting can be a much more profitable form of investing than the traditional main stream options that we are accustomed to like stocks, bonds and mutual funds. 

Here’s a question for you.How is the stock market working out for you? 

If you are like the majority of people, you have either seen some tiny returns or even worse some large losses.The majority of people these days are losing a lot of money with the poor performance of the stock market. 

How much interest are you getting from your bank? If you’re lucky you may be getting a ridiculously low amount like 3 percent.I’m sure you would agree with me that these options really don’t sound that appealing.Now let’s look at an alternative option with sports betting.

 To start off, the reason why so many people lose with sports betting is because they don’t treat it as a legitimate investment vehicle.They bet on games just because they are on TV, 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 budget that you set 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.The problem with this is that this is way too much to have at risk on 1 game.My personal recommendation is to wager no more than 5% on any game.Sticking with this example your bets should be no more than $50 per game. 

Now some of you may already 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 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 2 of your best picks per day.At the end of the first month, here is what the numbers could look like.

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 easily see that you would have made $280 and increased your total bankroll by 28 percent.I’m sure you would agree that 28 percent returns after one month is pretty awesome, but we are not done there.Now that your starting bankroll for month two is $1280, your new bet amount would be $64 which is 5% of the new bankroll amount.Sticking with this example and a monthly increase of 28% at the end of one year you would have increased your initial bankroll from $1000 to $19,342 and an astonishing interest rate of over 1900 percent. 

So let’s ask the question again.How did the stock market do for you? Even if you drop down the win percentages to 56% or 55% you will still have exceptional returns for the year.No matter how you look at it, sports betting needs to be given a serious look as an investment opportunity.

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