Why Slow & Steady is the Key to Sports Betting Success

The average sports bettor may find it difficult distinguishing between fact and fiction with all of the hype out there in the media, with the  “Guaranteed Locks of the Year” or the “10 Star Locks of the Week” .They are trapped into believing that it’s possible to turn a tiny amount of money into thousands very quickly.Unfortunately this isn’t the truth.To be successful with sports betting it needs to be treated like a marathon and not a sprint.Slow and steady wins the race, just like that kid’s book The Tortoise and the Hare. 

Every month I’m asked by bettors if it is truly possible to make cash from sports betting and my answer is always the same: Yes with a big BUT.You need to be very disciplined, manage your bankroll properly and follow a winning sports betting system.What they are really trying to find out is that without putting in a lot of effort, if it is possible to make a lot of money from sports betting.To this I can honestly answer Yes and No. 

So let’s say you decide to make your sports betting target $10,000.Here are the 2 ways that you can go about achieving this goal. 

Option1 - Choose a game to wager on from your favorite sport.Choose the team that you like and wager $11,000 and cross your fingers.If you are lucky enough to win this game, your $10,000 goal has been accomplished.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.You can win a lot of money quickly or lose it just as quickly. 

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

 So by using this conservative example of increasing your bankroll by 7% per 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 bankroll.I don’t know about you, but I like the safe and sure way and the great part is that once you have increased your bankroll by 100% then your bets now would be $1000 instead of $500.

Now just imagine if you wager on more games each week and that you could increase your winning % to 60%.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.