Sports Betting Gambling Or Sports Market Investing – You Decide
Gambling on sport is like any other business where you must research, analyze and assess your progress. It would be surprise most to know that you do not need to be the best at picking winners to turn a tidy profit overtime.
Discipline is the most critical component without a doubt and this is what is stopping almost everyone at making a real go out of their sports betting efforts. Have you go through periods of picking more winners than losers but still see your bankroll dwindling away? You are not alone!
Betting on sports and more importantly increasing your bankroll is about mathematics and discipline. A blind monkey can make a profit with sports betting as money management strategies are what separates the pros from the average Joe, not the ability to pick winner after winner for years on end.
One of the first things you need to do is assess how much money you are willing to put aside for your bankroll. There is no set number, whatever you feel you are happy to dedicate strictly to your sports betting efforts. Never burrow money or use rent money, your bankroll should be money that can be spared.
Second you must try to stick to sports that you are passionate about and have an interest for. While this is not gospel as there are heaps of resources online to help you, your best bet is to stick to sports you love. Be consistent with your bet sizes and the type of bets you make. One of the most popular is line betting where teams are handicapped to get the odds the same for either team. Consistency is the key here.
Stick to betting no more than 1-2% of your bankroll on a single bet. Most commonly referred to “units”. Units are your bankroll into smaller proportions. Eg. Having a bankroll of $1000 would suggest at $10 unit in most cases. This is why you will see handicappers mentioning unit amount and not a dollar amount.
The pros take sports betting gambling to another level by using betting progressions and proven money management systems. These system turn the odds back in their favor and allow them to make a profit even if they only hit 33% winners over a series of bets. Make no mistake, these betting strategies do work and are a big reason why only 2-3% of sports bettors are professional.