Why Sports Betting is Like a Marathon

With all of the hype in the media today with the “Guaranteed Locks of the Year” or the “10 Star Locks of the Month”, the average sports bettor may find it difficult distinguishing fiction from reality.With the promises of turning a small amount of money into thousands overnight clouds their judgment.Unfortunately this is not 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 children’s fable The Tortoise and the Hare, slow and steady wins the race. 

Every month I’m asked by bettors if it is truly possible to make money from sports betting and my answer is always the same: Yes with a big BUT.You need to be extremely 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 no effort.To this question I can only answer Yes and No. 

So let’s say you decide to make your sports betting target $10,000.Below are 2 options that you have to achieve this goal. 

Option1 – Choose a game to wager on from your favorite sport.Choose a team that you like and bet $11,000 and prey.If the game wins you just made your goal of $10,000.Unfortunately if you lose your are down $11,000 which is far from achieving your $10,000 goal.This is what is known as gambling and is NOT the option that I recommend.Large sums of money can be won or lost extremely fast using this method. 

Option2 – Instead of risking all of that $10,000 from option 1 on just one game, spread it around on several games.My suggestion would be to bet 5% of your bankroll on any given team.The objective is to obtain small gains and use the power of compound interest to accomplish your $10,000 target.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.Here is how it would look:

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 sticking with this conservative example of increasing your bankroll by 7 percent each week and a winning percentage of 57%, you can achieve that $10,000 target in just under 11 weeks.Although it is a bit longer, it comes with much less risk as you are never really jeopardizing your budget.I don’t know about you, but I like the safe and sure way and the best part is that once you have increased your bankroll by 100% then your wagers now could be $1000 instead of $500.

Imagine what could happen if you increased your win rate to 60% and bet on more teams per week.You achieve that 100% increase at a much faster rate then the 11 weeks from 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.