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Knowing the Magic Number is the Key to Sports Betting Success
To a lot of you, using the word investments or investing in the same sentence as sports betting would be like comparing apples to oranges.Although by not taking a closer look, they seem like world's apart, but sports betting just may turn out to be that alternative investment vehicle 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 national 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.If you see these types of ads, you should run in my personal opinion.I don’t care what they say, No One wins 80% - 90% of their games.
So does that mean there is no 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, 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 number? The answer is 52.4%.If we use the most popular sports to bet on like football and NBA a normal bet would consist of betting against the spread with odds of 11/10 meaning that you would have to bet $110 to win back $100.What this means is that you would only need to win 52.4% of your bets to actually break even.Although hitting 80% plus winners is virtually impossible over the long haul, the good news is that anything above 52.4% will be profitable.Although winning 55percent doesn't sound that exciting, you can experience some really substantial returns each month.
Let’s look at a conservative example of just winning 55percent and betting on two games per day.Here is what the results would be after a 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 what does this mean? Well with these #'s a $100 bettor would be up $330 profit for the month and a $1,000 bettor would be up $3,300.Not bad for a few minutes work per day, but let’s look at what this means in ROI% (Return on Investment).
What I personally use and recommend is that if you are going to be flat betting or making the same size bet on each game then you should be using no more than 5percent of your total bankroll.So you should be betting $50 per pick if you have a total of $1,000.By sticking with 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 one 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 substantial returns.Compare this to traditional 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.Can you imagine what a 60percentage win rate would do for you?
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.
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