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The world of sports investing isn’t for everybody. It takes a specific sort of individual with a particular type of personality to enter this precarious industry. We are not talking about the casual gambler who lays 50 bucks on the Superbowl with his buddy. We are discussing 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 handle the stress that is inherently affiliated with Sports Betting.
Sports betting and Sports investing are actually two completely different animals. The term investing suggests long-term commitment, much like most other investments. For this reason, you must recognize 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 minimum, he relies on a professional who does, much like a Stockbroker or Realtor or Financial Adviser.
In the event the Sports Investor opt to utilize a Professional Sports Handicapping Service, it really is of the utmost importance that the individual perform the necessary due diligence on each service he is considering. You will discover thousands of Sports Services over the internet today, all claiming to be the best. Some charging just as much as $500 per selection. It is vital to do not forget that the total amount you pay for a Handicapper’s pick just isn’t directly linked to the quality of that pick. When researching a Sports Handicapping Service it’s critical to make sure 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 a year on their own site but finding a service which has a 70% win rate that is documented by a third party could be a daunting task. Don’t let yourself end up being 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 use of money management skills. There have been 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. On the flip side, 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 will be important.
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 shall have accounts with several unique Sportsbooks. This gives him the ability to shop for the top lines. Not just is it possible to locate lines from ˝ a point or even more in your favor but different books charge different vig. An Investor who maintains a 55% win percentage is great but this too implies that this investor excellent casino online is losing 45% of his wagers. This is a considerable amount and it shouldn’t 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 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 7 percent of all losses. This represents a total vig charge of only $472.50. An impact of $202.50. Multiply that by twelve months in a year and your buddy saves over $2400 in vig charges alone. That is almost 10 extra plays a year simply through carefully selecting Sportsbooks.
