Best Way To Win Money Sports Betting
2021年4月17日Register here: http://gg.gg/p2gl4
Written by Zac Johnson
*Best Way To Win Money Sports Betting
*Best Way To Win Money Sports Betting Online
*Best Way To Win Money Sports Betting Uk
*Best Way To Win Money Sports Betting Stocks
*Best Way To Win Money Sports Betting Games
*How to Win at Sports Betting. Betting on sports games is a hobby for many, and most people just consider it to be a fun and friendly past time. But there are ways to consistently make money on.
*One of the most lucrative sports bets you can make is a parlay, but unless you employ some kind of betting strategy it can also be one of the toughest bets to actually cash-in on. In simple terms, a parlay.
The first step is creating a betting bankroll that’s separate from your regular day to day money. If your sports betting bankroll is over $200, your average single bet size should be about 2% of your total roll. Unveiling the most lucrative sports and types of bets to help you to start winning more often. Grasp a few essential tricks and learn the trade secrets! Article written by-Graham MorinThe first thing to remember is to watch after a few games. Fantastic just dive in and bet wherever a team has won two or three console games. Make sure you know.
With sports betting now on its way to being completely legalized throughout the United States, this is going to be a huge opportunity for anyone looking to make some serious money. Of course, most people are immediately thinking of how they can make money by actually betting on games and putting their sports expertise to use. However, this is still unlikely for the average person to accomplish and there are better ways to make money, such as being an information source or business, versus being a player in the system.
Today we are going to look at five different ways you can actually start making some serious money through the use of legalized sports betting. These methods will consist of everything from starting your own website, putting your expertise to use, and of course everyone’s favorite… affiliate marketing.
Billions of dollars will be generated through the use of legalized sports betting in the coming years, so make sure you jump into this space as soon as possible so you can get a head start over the coming competition.Start an Affiliate Rating/Directory Site
Whenever something new and exciting comes into play, the majority of people are going to search Google for information and how to get started. This is something we have already seen in the cryptocurrency space and people wanting to jump invest and make money with Bitcoin. The same will happen with legalized sports betting and how people can start placing bets online.
A quick search on SEMRush for “how to bet on sports” will give you just a taste of the volume and wide range of search option that will soon rapidly expand in size. The only question here is, will these users find your site, or your competition?
For anyone interested in making money through this method, affiliate marketing and creating a rating or directory site of top places to make bets online would be ideal. While it is pretty easy to create a website or blog, the main obstacle here will be getting traffic to your website. Since there is already massive competition in this space and advertisers with a ton of money, you will need to look at other options besides pay-per-click marketing and other methods commonly being used. The more creative and value-driven you can get with your content and marketing, the better.
The benefit of creating an affiliate site is that you don’t have to deal with any of the customers or actually place any orders or bets. Your site will earn a commission every time a new player is referred to another site, and often these commissions are in the $100 plus range. Another benefit of promoting such offers is that there are usually large initial deposit bonuses which can increase your conversions heavily.Launch Your Own Sports Betting Course
Sticking with the theme of the previous point, many people are going to want to learn how to place sports bets of their own. Unlike in a casino where you just walk up to a table and can place a bet (without having an idea of how to play), in sports betting there are a lot more advanced and different ways to place a bet. The more you know and understand this, the better your odds of winning.
With so many people looking up this information, it will provide a whole new audience an opportunity for people to make money. If you already know what you are doing in the world of sports betting and have some experience, you could easily create an online course of your own that not only walks the user through how to make the best bets on their favorite sports teams, you could also show them how to sign up for online sights and placing bets on video as well.
To see a few examples of online sports betting courses that are already working pretty well, just head over to Clickbank and search through their affiliate marketplace.
While looking through the different offers on their site, also consider your options with expanding to affiliate marketing as a merchant. Once you have a proven product or service to offer, you could drastically expand your business and reach by paying a commission to affiliates in order to promote your product — much like we covered in the previous point.
In addition to creating your own product and making a higher profit margin on each sale, another benefit here is that you could potentially create your own brand, mailing list, and following in the process.Monetize an Existing Sports Blog
Sports blogging is one of the most active and competitive spaces on the internet today. There has always been an active discussion on how to best make money with a sports blog, as its one of the hardest things to monetize because of it’s audience type. Most people are visiting these sites to get scores and highlights, not to buy something.
However, with legalized sports betting now coming into play this might be an easier niche market to monetize thanks to global interest in sports, and online betting. Is it only a matter of time before we see a sports betting section added to ESPN and also seeing ‘place your bet’ ads throughout the site?
Again, the benefit here is that you can run a sports website the same as you always intended, but now you can integrate affiliate marketing and promoting relevant content to your audience in the process. Unlike selling individual game tickets, memorabilia, or collectibles, when promoting sports betting ads or affiliate offers on your site, this is something that could potentially relate to all audiences on a global scale, while also offering a much higher revenue in the process.Create a Sports Betting Focused Agency
As we’ve already pointed out several times through this article, there is going to be a massive amount of money pouring into this space over the next several months and years. With that in mind, you don’t necessarily have to have a sports betting focused business to make money — At least, targeted towards recruiting players and having your own product.
To get your entrepreneur mind and financial dreams moving in the right direction, look no further than the latest figures out of Nevada, and how they’ve just recently surpassed all previous revenue expectations in reference to their sportsbooks earnings. Not only is big money being made/spent, it’s also going to be focused on advertising and reaching new audiences as well.
With an always growing demand for new advertising and leads to be generated, this means there is a larger need for online marketing companies and agencies as well. I’m sure many of my readers already have an expertise in SEO or social media and other creative ways to market a business, which could make this opportunity right up their alley.
Taking these same talents and practices, you could actually start an agency that is focused on just promoting online sports betting and charge a higher premium. Instead of just being a ‘marketing agency’, become a ‘sports betting marketing agency’.Build Your Own Blog, Brand & Podcast
Combining each of the practices mentioned above, one of the best ways to take advantage of legalized sports betting is to actually build a blog, brand, or even a podcast of your own. The more ownership and authority you have within a niche market, the more opportunity you will have overtime.
We’ve already seen some explosive growth in the world of podcasting over the past several years. With several sports betting podcasts already out there, it’s not a matter of how many are available, but also which are the best and can make a grand following for themselves. If you think the market is already too saturated — it’s not. Thousands of people are listening to podcasts for the first time daily, and this will only increase as legalized sports betting makes its way across the country.
Again, this all goes back to if sports betting is something you are passionate about and have an expertise for. Starting a blog or website is one thing, but a podcast is another. Without the necessary funds to push your brand or service to the masses, these platforms will all take time to grow if you are only focusing on word-of-mouth and organic results.
However, with all of that being said — if you have a proven track record for selecting winning teams while also making a profit consistently, this is something that could definitely help improve your reach, brand, and authority over time.
The Business of Sports Betting is Here to Stay
With the legalization of sports betting now in play, billions of dollars will be generated on an annual basis. It’s not just the casinos and bet takers that are going to be making money, it’s also the professional sports associations, state taxes, and everyone in between. The only real people who are potentially not going to make money in all of this, are the players.
I actually just had the opportunity to visit the Borgata in Atlantic City and place my first legal sports bet in their casino. It was a simple $50 bet for the Lakers to win the 2019 NBA Finals and pays 6-1. It was quite a fun experience and I can see how this industry is just going to explode with new opportunity and revenue growth!
If sports betting is something that you would love to start a business around, you need to take the time to consider each of the options above and create something that will continue to generate revenue for the years to come.(Visited 1,616 times, 1 visits today)
Wait... before you leave, consider these top resources:
If you want to know how to make money sports betting, you’re probably already a sports fan.
I have bad news for you – most sports fans lose money sports betting.
That’s because they have biases and prejudices toward and against teams that wouldn’t exist if they weren’t fans.
In other words, it’s hard to make money sports betting unless you’re objective about the teams’ odds.
But if you’re a fan who can set aside these notions, you can probably win money sports betting.
This post introduces some ideas you need familiarize yourself with to pull off this feat:You Must Understand Some Math to Make Money Sports Betting
To break even as a sports bettor, you need to win 52.4% of your bets.To win money as a sports bettor, you need to win MORE than 52.4% of your bets.
Some people might be confused by that, thinking that if they win 50% of their bets, they should break even.
And anything above a 50% win ratio should result in profits, right?
Wrong.
While it’s true that most bets have a 50% probability of winning based on the point spread, the bookmakers make you wager $110 to win $100. (You’ll sometimes run into books which want you to risk $120 to win $100, and you’ll also find some that want you to risk $105 to win $100.)
If you’re losing half the time, but you’re losing more money than you’re winning the other half of the time, you’re going to lose money in the long run.
Imagine if you place 2 bets, winning one and losing the other.
You win $100 on the bet you won, but you lose $110 on the bet you lose, which leads to a net loss of $10.
And that’s just the beginning of the math you need to understand to make money sports betting.More about Sports Betting Math
Let’s look at a more detailed example, just to give you a clearer idea of what I’m talking about when I say you need to understand the math behind sports betting.
You go to your favorite bookmaker’s website, or visit the book at your favorite online casino, and you see the following posted:
Buffalo Bills -3New Orleans Saints +3
The team with the – sign next to it is the favorite. To determine the winner of that bet, you subtract 3 from their score before comparing it with the other team’s score.
The team with the + sign next to it is the dog. You get to add 3 to the team’s final score for determining which team wins.
In either case, when it’s not listed, you’re expected to wager $110 to win $100.
Those point spreads are also called the lines.
The book creates the line so that they don’t get an overwhelming loss when the favorite beats the dog. If there weren’t a line, everyone would bet the favorite and win most of the time.
The point spread creates a situation where you (theoretically) have a 50% probability of winning.
The lines are set by the handicappers working for the bookmaker. And for the most part, they’re good at their job.Best Way To Win Money Sports Betting
The lines aren’t always right, though, and when they’re wrong, you can profit.How to Use Moving Lines to Track Sharp Action
A “sharp” is an educated, winning sports bettor. Sharps generally bet large enough amounts of money that bookmakers will adjust the point spreads (“lines”) to stimulate action on the other side. If you watch how the lines move, you can track the sharp action and make betting decisions based on what the sharps are doing.
One thing to look for is called “reverse line movement.” That’s just a fancy way of describing when the line moves away from the side with more money bet on it – the popular side.
That’s easy enough to do – find a line that moves from +7 to +6, for example, then look at how many people are betting that side of the match.
Now you know which side the book is trying to stimulate action for.
Combine this with shopping lines from one bookmaker to another, and you have a powerful tool for placing bets with a positive expectation.Be a Contrarian
You can find plenty of websites that estimate what percentage of the action is on one side or the other of a sporting event. For example, you might find a football game where 70% of the public is betting on one side, and 30% of the public is betting on the other side.
If you bet with the 30% rather than with the 70%, you’re being a contrarian – you’re betting the other side of the event from what most people are.The good news is that being a contrarian usually means betting the underdog. People generally prefer to bet on favorites than underdogs.
I like to root on underdogs, but as it turns out, betting on an underdog to cover results in a higher percentage of bets won than betting on the favorite.
It won’t result in a high enough percentage to make you profitable in the long run, though – you’ll still need to pick and choose.
But betting underdogs is a great starting point for a winning sports betting strategy.Manage Your Bankroll Appropriately
You might have heard the expression “on any given Sunday.” This refers to the possibility of an upset in pro football – on any given Sunday, any team can win, regardless of what people might think.
This means that no matter how confident you are in your bets you still might lose.
And, in the short run, you might lose a higher percentage of bets than you expect.
What does this mean in terms of managing your bankroll?
It means that you shouldn’t have too much of your bankroll in action on any given bet.
For example, suppose you’ve found a bet that you’re confident has a 65% probability of being a winning bet. That’s a stellar percentage; if you won 65% of your bets in the long run, you’d be breathing rarefied air. You’d be the Warren Buffett of sports betting, in fact.Best Way To Win Money Sports Betting Online
But if you have a bankroll of $10,000 and wager all of it on that one match, you have a 35% probability of losing your entire bankroll.
This means starting over and building a new bankroll, which takes time.
And when it comes to winning at sports betting, time is money.
You’ll see varying estimates of how much of your bankroll you should risk on any single bet.
Your tolerance for risk should determine your bet sizing, but 1% to 5% of your bankroll is a good guideline to follow.If you have a low tolerance for risk, bet 1% of your bankroll on each bet. With a $10,000 bankroll, this means limiting the size of an individual bet to $100.
If your tolerance for risk is high, bet up to 5% of your bankroll on each bet. With that $10,000 bankroll, you’d limit the size of your bets to $500.
You can adjust those bet sizes based on your confidence level in your picks.
If you’re sure about a bet, you might wager $200 or $300 (2% or 3%) on it even if you’re risk averse.
Limiting the size of your bets prevents a series of upsets or a run of bad luck from running you out of the hobby.Don’t Buy Picks
Here’s the problem with buying sports picks:Best Way To Win Money Sports Betting Uk
The people selling these picks are usually no better at picking winners than you are.
Companies that sell sports betting picks are called tout services. They have an interesting history.
I have a friend who worked for a tout service in Las Vegas back when they still used call centers and 900 numbers to sell their picks. He explained to me one of their strategies with their customers, which I’ll share with you below:
In a room full of touts over the phone, half the room would sell picks on one side of a game.Best Way To Win Money Sports Betting Stocks
The other half would sell picks on the other side of the game.
This would result in half their customers winning each week, while half their customers would lose.
If any of the losers called to complain – and they often did – they’d give them a free pick on the Monday night football game.
And they’d follow the same strategy – give half the losers one side while giving the other half the other side.
Half their losers won their money back and became satisfied customers, buying more picks.
I also read a story in a book about gambling about a gentleman who started his own tout service via a 900 number, and he let his 5-year-old son make all his betting picks for him.
The kid got lucky and was right 60% of the time in his first season.
It was dumb luck, but if you’d used his service, you’d have showed a profit that season.
I saw a tout selling an entire season’s worth of picks for $3000.
What kind of winning percentage would you need to see to generate a positive ROI on that $3000?
That’s a sunk cost, so you’d need t
https://diarynote.indered.space
Written by Zac Johnson
*Best Way To Win Money Sports Betting
*Best Way To Win Money Sports Betting Online
*Best Way To Win Money Sports Betting Uk
*Best Way To Win Money Sports Betting Stocks
*Best Way To Win Money Sports Betting Games
*How to Win at Sports Betting. Betting on sports games is a hobby for many, and most people just consider it to be a fun and friendly past time. But there are ways to consistently make money on.
*One of the most lucrative sports bets you can make is a parlay, but unless you employ some kind of betting strategy it can also be one of the toughest bets to actually cash-in on. In simple terms, a parlay.
The first step is creating a betting bankroll that’s separate from your regular day to day money. If your sports betting bankroll is over $200, your average single bet size should be about 2% of your total roll. Unveiling the most lucrative sports and types of bets to help you to start winning more often. Grasp a few essential tricks and learn the trade secrets! Article written by-Graham MorinThe first thing to remember is to watch after a few games. Fantastic just dive in and bet wherever a team has won two or three console games. Make sure you know.
With sports betting now on its way to being completely legalized throughout the United States, this is going to be a huge opportunity for anyone looking to make some serious money. Of course, most people are immediately thinking of how they can make money by actually betting on games and putting their sports expertise to use. However, this is still unlikely for the average person to accomplish and there are better ways to make money, such as being an information source or business, versus being a player in the system.
Today we are going to look at five different ways you can actually start making some serious money through the use of legalized sports betting. These methods will consist of everything from starting your own website, putting your expertise to use, and of course everyone’s favorite… affiliate marketing.
Billions of dollars will be generated through the use of legalized sports betting in the coming years, so make sure you jump into this space as soon as possible so you can get a head start over the coming competition.Start an Affiliate Rating/Directory Site
Whenever something new and exciting comes into play, the majority of people are going to search Google for information and how to get started. This is something we have already seen in the cryptocurrency space and people wanting to jump invest and make money with Bitcoin. The same will happen with legalized sports betting and how people can start placing bets online.
A quick search on SEMRush for “how to bet on sports” will give you just a taste of the volume and wide range of search option that will soon rapidly expand in size. The only question here is, will these users find your site, or your competition?
For anyone interested in making money through this method, affiliate marketing and creating a rating or directory site of top places to make bets online would be ideal. While it is pretty easy to create a website or blog, the main obstacle here will be getting traffic to your website. Since there is already massive competition in this space and advertisers with a ton of money, you will need to look at other options besides pay-per-click marketing and other methods commonly being used. The more creative and value-driven you can get with your content and marketing, the better.
The benefit of creating an affiliate site is that you don’t have to deal with any of the customers or actually place any orders or bets. Your site will earn a commission every time a new player is referred to another site, and often these commissions are in the $100 plus range. Another benefit of promoting such offers is that there are usually large initial deposit bonuses which can increase your conversions heavily.Launch Your Own Sports Betting Course
Sticking with the theme of the previous point, many people are going to want to learn how to place sports bets of their own. Unlike in a casino where you just walk up to a table and can place a bet (without having an idea of how to play), in sports betting there are a lot more advanced and different ways to place a bet. The more you know and understand this, the better your odds of winning.
With so many people looking up this information, it will provide a whole new audience an opportunity for people to make money. If you already know what you are doing in the world of sports betting and have some experience, you could easily create an online course of your own that not only walks the user through how to make the best bets on their favorite sports teams, you could also show them how to sign up for online sights and placing bets on video as well.
To see a few examples of online sports betting courses that are already working pretty well, just head over to Clickbank and search through their affiliate marketplace.
While looking through the different offers on their site, also consider your options with expanding to affiliate marketing as a merchant. Once you have a proven product or service to offer, you could drastically expand your business and reach by paying a commission to affiliates in order to promote your product — much like we covered in the previous point.
In addition to creating your own product and making a higher profit margin on each sale, another benefit here is that you could potentially create your own brand, mailing list, and following in the process.Monetize an Existing Sports Blog
Sports blogging is one of the most active and competitive spaces on the internet today. There has always been an active discussion on how to best make money with a sports blog, as its one of the hardest things to monetize because of it’s audience type. Most people are visiting these sites to get scores and highlights, not to buy something.
However, with legalized sports betting now coming into play this might be an easier niche market to monetize thanks to global interest in sports, and online betting. Is it only a matter of time before we see a sports betting section added to ESPN and also seeing ‘place your bet’ ads throughout the site?
Again, the benefit here is that you can run a sports website the same as you always intended, but now you can integrate affiliate marketing and promoting relevant content to your audience in the process. Unlike selling individual game tickets, memorabilia, or collectibles, when promoting sports betting ads or affiliate offers on your site, this is something that could potentially relate to all audiences on a global scale, while also offering a much higher revenue in the process.Create a Sports Betting Focused Agency
As we’ve already pointed out several times through this article, there is going to be a massive amount of money pouring into this space over the next several months and years. With that in mind, you don’t necessarily have to have a sports betting focused business to make money — At least, targeted towards recruiting players and having your own product.
To get your entrepreneur mind and financial dreams moving in the right direction, look no further than the latest figures out of Nevada, and how they’ve just recently surpassed all previous revenue expectations in reference to their sportsbooks earnings. Not only is big money being made/spent, it’s also going to be focused on advertising and reaching new audiences as well.
With an always growing demand for new advertising and leads to be generated, this means there is a larger need for online marketing companies and agencies as well. I’m sure many of my readers already have an expertise in SEO or social media and other creative ways to market a business, which could make this opportunity right up their alley.
Taking these same talents and practices, you could actually start an agency that is focused on just promoting online sports betting and charge a higher premium. Instead of just being a ‘marketing agency’, become a ‘sports betting marketing agency’.Build Your Own Blog, Brand & Podcast
Combining each of the practices mentioned above, one of the best ways to take advantage of legalized sports betting is to actually build a blog, brand, or even a podcast of your own. The more ownership and authority you have within a niche market, the more opportunity you will have overtime.
We’ve already seen some explosive growth in the world of podcasting over the past several years. With several sports betting podcasts already out there, it’s not a matter of how many are available, but also which are the best and can make a grand following for themselves. If you think the market is already too saturated — it’s not. Thousands of people are listening to podcasts for the first time daily, and this will only increase as legalized sports betting makes its way across the country.
Again, this all goes back to if sports betting is something you are passionate about and have an expertise for. Starting a blog or website is one thing, but a podcast is another. Without the necessary funds to push your brand or service to the masses, these platforms will all take time to grow if you are only focusing on word-of-mouth and organic results.
However, with all of that being said — if you have a proven track record for selecting winning teams while also making a profit consistently, this is something that could definitely help improve your reach, brand, and authority over time.
The Business of Sports Betting is Here to Stay
With the legalization of sports betting now in play, billions of dollars will be generated on an annual basis. It’s not just the casinos and bet takers that are going to be making money, it’s also the professional sports associations, state taxes, and everyone in between. The only real people who are potentially not going to make money in all of this, are the players.
I actually just had the opportunity to visit the Borgata in Atlantic City and place my first legal sports bet in their casino. It was a simple $50 bet for the Lakers to win the 2019 NBA Finals and pays 6-1. It was quite a fun experience and I can see how this industry is just going to explode with new opportunity and revenue growth!
If sports betting is something that you would love to start a business around, you need to take the time to consider each of the options above and create something that will continue to generate revenue for the years to come.(Visited 1,616 times, 1 visits today)
Wait... before you leave, consider these top resources:
If you want to know how to make money sports betting, you’re probably already a sports fan.
I have bad news for you – most sports fans lose money sports betting.
That’s because they have biases and prejudices toward and against teams that wouldn’t exist if they weren’t fans.
In other words, it’s hard to make money sports betting unless you’re objective about the teams’ odds.
But if you’re a fan who can set aside these notions, you can probably win money sports betting.
This post introduces some ideas you need familiarize yourself with to pull off this feat:You Must Understand Some Math to Make Money Sports Betting
To break even as a sports bettor, you need to win 52.4% of your bets.To win money as a sports bettor, you need to win MORE than 52.4% of your bets.
Some people might be confused by that, thinking that if they win 50% of their bets, they should break even.
And anything above a 50% win ratio should result in profits, right?
Wrong.
While it’s true that most bets have a 50% probability of winning based on the point spread, the bookmakers make you wager $110 to win $100. (You’ll sometimes run into books which want you to risk $120 to win $100, and you’ll also find some that want you to risk $105 to win $100.)
If you’re losing half the time, but you’re losing more money than you’re winning the other half of the time, you’re going to lose money in the long run.
Imagine if you place 2 bets, winning one and losing the other.
You win $100 on the bet you won, but you lose $110 on the bet you lose, which leads to a net loss of $10.
And that’s just the beginning of the math you need to understand to make money sports betting.More about Sports Betting Math
Let’s look at a more detailed example, just to give you a clearer idea of what I’m talking about when I say you need to understand the math behind sports betting.
You go to your favorite bookmaker’s website, or visit the book at your favorite online casino, and you see the following posted:
Buffalo Bills -3New Orleans Saints +3
The team with the – sign next to it is the favorite. To determine the winner of that bet, you subtract 3 from their score before comparing it with the other team’s score.
The team with the + sign next to it is the dog. You get to add 3 to the team’s final score for determining which team wins.
In either case, when it’s not listed, you’re expected to wager $110 to win $100.
Those point spreads are also called the lines.
The book creates the line so that they don’t get an overwhelming loss when the favorite beats the dog. If there weren’t a line, everyone would bet the favorite and win most of the time.
The point spread creates a situation where you (theoretically) have a 50% probability of winning.
The lines are set by the handicappers working for the bookmaker. And for the most part, they’re good at their job.Best Way To Win Money Sports Betting
The lines aren’t always right, though, and when they’re wrong, you can profit.How to Use Moving Lines to Track Sharp Action
A “sharp” is an educated, winning sports bettor. Sharps generally bet large enough amounts of money that bookmakers will adjust the point spreads (“lines”) to stimulate action on the other side. If you watch how the lines move, you can track the sharp action and make betting decisions based on what the sharps are doing.
One thing to look for is called “reverse line movement.” That’s just a fancy way of describing when the line moves away from the side with more money bet on it – the popular side.
That’s easy enough to do – find a line that moves from +7 to +6, for example, then look at how many people are betting that side of the match.
Now you know which side the book is trying to stimulate action for.
Combine this with shopping lines from one bookmaker to another, and you have a powerful tool for placing bets with a positive expectation.Be a Contrarian
You can find plenty of websites that estimate what percentage of the action is on one side or the other of a sporting event. For example, you might find a football game where 70% of the public is betting on one side, and 30% of the public is betting on the other side.
If you bet with the 30% rather than with the 70%, you’re being a contrarian – you’re betting the other side of the event from what most people are.The good news is that being a contrarian usually means betting the underdog. People generally prefer to bet on favorites than underdogs.
I like to root on underdogs, but as it turns out, betting on an underdog to cover results in a higher percentage of bets won than betting on the favorite.
It won’t result in a high enough percentage to make you profitable in the long run, though – you’ll still need to pick and choose.
But betting underdogs is a great starting point for a winning sports betting strategy.Manage Your Bankroll Appropriately
You might have heard the expression “on any given Sunday.” This refers to the possibility of an upset in pro football – on any given Sunday, any team can win, regardless of what people might think.
This means that no matter how confident you are in your bets you still might lose.
And, in the short run, you might lose a higher percentage of bets than you expect.
What does this mean in terms of managing your bankroll?
It means that you shouldn’t have too much of your bankroll in action on any given bet.
For example, suppose you’ve found a bet that you’re confident has a 65% probability of being a winning bet. That’s a stellar percentage; if you won 65% of your bets in the long run, you’d be breathing rarefied air. You’d be the Warren Buffett of sports betting, in fact.Best Way To Win Money Sports Betting Online
But if you have a bankroll of $10,000 and wager all of it on that one match, you have a 35% probability of losing your entire bankroll.
This means starting over and building a new bankroll, which takes time.
And when it comes to winning at sports betting, time is money.
You’ll see varying estimates of how much of your bankroll you should risk on any single bet.
Your tolerance for risk should determine your bet sizing, but 1% to 5% of your bankroll is a good guideline to follow.If you have a low tolerance for risk, bet 1% of your bankroll on each bet. With a $10,000 bankroll, this means limiting the size of an individual bet to $100.
If your tolerance for risk is high, bet up to 5% of your bankroll on each bet. With that $10,000 bankroll, you’d limit the size of your bets to $500.
You can adjust those bet sizes based on your confidence level in your picks.
If you’re sure about a bet, you might wager $200 or $300 (2% or 3%) on it even if you’re risk averse.
Limiting the size of your bets prevents a series of upsets or a run of bad luck from running you out of the hobby.Don’t Buy Picks
Here’s the problem with buying sports picks:Best Way To Win Money Sports Betting Uk
The people selling these picks are usually no better at picking winners than you are.
Companies that sell sports betting picks are called tout services. They have an interesting history.
I have a friend who worked for a tout service in Las Vegas back when they still used call centers and 900 numbers to sell their picks. He explained to me one of their strategies with their customers, which I’ll share with you below:
In a room full of touts over the phone, half the room would sell picks on one side of a game.Best Way To Win Money Sports Betting Stocks
The other half would sell picks on the other side of the game.
This would result in half their customers winning each week, while half their customers would lose.
If any of the losers called to complain – and they often did – they’d give them a free pick on the Monday night football game.
And they’d follow the same strategy – give half the losers one side while giving the other half the other side.
Half their losers won their money back and became satisfied customers, buying more picks.
I also read a story in a book about gambling about a gentleman who started his own tout service via a 900 number, and he let his 5-year-old son make all his betting picks for him.
The kid got lucky and was right 60% of the time in his first season.
It was dumb luck, but if you’d used his service, you’d have showed a profit that season.
I saw a tout selling an entire season’s worth of picks for $3000.
What kind of winning percentage would you need to see to generate a positive ROI on that $3000?
That’s a sunk cost, so you’d need t
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