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The world of sports investing is just not for everyone. It takes the specific sort of individual with a certain type of personality to enter this precarious industry. We are not speaking about the casual gambler who lays 50 bucks on the Superbowl with his buddy. We are talking about the serious and dedicated Sports Investor who makes a big part of his livelihood through betting on sports. This individual must possess patience, discipline and primarily, the capability to deal with the stress that’s inherently linked to Sports Betting.
Sports betting and Sports investing are very two completely different animals. The phrase investing suggests long term commitment, just like most other investments. Consequently, you must realize that this sort of profession is not a get rich quick scheme but a career that requires patience and dedication. It also implies that the investor have a good deal of knowledge of the industry, or at the very least, he relies on a professional who does, much like a Stockbroker or Realtor or Financial Adviser.
If the Sports Investor decide to utilize a Professional Sports Handicapping Service, it’s of the utmost importance that the individual perform the required due diligence on each service he is serious about. You will find thousands of Sports Services over the internet today, all claiming to be the top. Some charging around $500 per selection. It is important to keep in mind that the amount you pay for a Handicapper’s pick is not directly related to the quality of that pick. When researching a Sports Handicapping Service it is critical to be certain that the service is monitored by a third party. This is an indication that the service is honest and it has integrity. Any Service can claim a 70% win percentage over the course of per year on their own own web page but finding a service which has a 70% win rate which is documented by a third party would be a daunting task. Do not let yourself get to be the victim of an unscrupulous Handicapper. Before purchasing their services, make sure they have legitimate and documented records.
One of, if not the most, important factors when investing in sports gambling, is the utilization of money management skills. There happen to be many, many articles dedicated to this subject alone. It simply can’t be stressed enough. The serious Sports Investor must employ strict and disciplined money management techniques. Simply stated, your risk amount for each wager should be between 2-3 percent of your entire bankroll. Consistency will be the key. As your bankroll increases so will the risk amount of your bet. Nevertheless, should your bankroll decrease your risk amount for each wager will decrease proportionately. To clarify further, a bankroll of $10,000 would garner a risk wager quantity of between $200 and $300 per bet. A bankroll of $1000 would garner a risk wager quantity of between $20 and $30 per bet. The size of your bankroll is irrelevant. Employing a stringent money management system is vital.
A final thought to think about when investing in sports and not to be overshadowed, is the opportunity that exists with various Sportsbooks. A wise Sports Investor will have accounts with a number of different Sportsbooks. This gives him the ability to shop for the top lines. Not simply is it possible to discover lines from ˝ a point or more in your favor but different books charge different vig. An Investor who maintains a 55% win percentage is great online betting but additionally, this implies that this investor is losing 45% of his wagers. This really is a tremendous amount and it should not be overlooked.
Let’s say you place two bets a day of $250. Over a 30 day period you could have gambled $15000. Using the above mentioned win rate of 55/45 you could have won a gross amount of $8250 and lost a gross quantity of $6750. Now suppose your book charges you 10% of your losses. This represents an overall total vig charge of $675. Simply, suppose your buddy’s book charges him only seven percent of all losses. This represents a total vig charge of only $472.50. An impact of $202.50. Multiply that by 12 months in per year and also your buddy saves over $2400 in vig charges alone. That’s almost 10 extra plays annually simply through carefully selecting Sportsbooks.
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