Sports Wagering As An Investment.
By: Richard Bleuze
Sports Wagering As An Investment.
Although sports wagering is hard work, you have the outright ability to make good returns on your investment. The medium of sports betting is hard work since you have to grind out thousands of bets to get your returns.
However, the vast majority of sports bettors do lose. Thus, sports wagering carries a great big "loser" tag to many people. I would, however, betcha that the percentage of "losers" would be equally high in the world of stock trading and investment markets if you considered those individuals who entered that environment without the necessary experience. Most people trust their savings and investment income to experts to avoid the "loser" label. And if more of the betting public trusted their income to the 1% or 2% of betting experts who made a profit, I betcha the "loser" label would also not be as sticky to sports wagering.
So what kind of returns can you expect?
I have found that real sports bettors can earn anywhere between 18% and 22% on betting turnover annually. However, this of course could vary greatly year to year. The laws of probability defy accurate annual estimates.
In my life time as a full time sports bettor, I have yet to experience a losing year. As a general rule, losing years are rare if you really know what you are doing. I am, however, always aware of the possibility, but I am confident I will never experience a sports wagering losing year ever since I started taking sports wagering seriously. I wonder how many people who play the stock market or investments can confidently say they will never have a losing year? Maybe, a handful, but there won't be many.
Thus, the question asked by many sports bettors is if the sports books close accounts if you are a winning player? Well, in a way the answer would be "yes". I say "yes" because if the sports book is doing its job properly, it is taking the action from both sides of the line and simply taking the commission in the middle. You see, the sports book makes its money on whatever the result may be for the sports event - they are merely commission-takers. Winning sports bettors do not win money from a sports book, but winners win money from other losing players.
The key to being a successful sports bettor is value. If you are not getting a value price, then you will find it hard to make a profit on your sports wagers. If you are not profitable with your sports wagering after say 300 bets or thereabouts, it may be time to say "ok let me re-think my betting strategy." You simpy cannot tell if you are a good or bad sports bettor after 10, 20 or 50 bets since those low numbers are just too low for you to determine if you are falling victim to standard deviation and probability.
I have found that sports betting produces better average returns for me year on year, than the stock markets. It is tough, as you generally act in a lone capacity. But, I enjoy it. No bosses or politics, no corporate structure to follow, I eat lunch when I want, no team environment, etc.
Sports wagering is also generally recession proof. The only thing that might stop you from sports wagering is if there was a huge war might and it might disrupt the national sports schedule. As a rule, sports markets are not influenced by the economy. Thus, learn the winning rules and then place your sports wager by CLICKING HERE!
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About the Author:
Richard provides articles and information about sports betting on his website at http://www.24-7wagering.com
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