Sports Betting as an Investment
The world of sports betting can be alluring and often misleading. Many get sucked into the “glitz & glamour” of it all, easily sucked into the perception of lavish lifestyles and wealth creation. As a result, they fall victim to bogus claims, promises of high win rates or the classic “inside information” claim. But the reality is often very different from the hype and what you see depicted in movies. Understanding this and and setting realistic expectations is crucial for anyone considering sports betting as an investment.
Approach To Sports Betting Investment
Like investing in the financial markets, success comes through informed decisions and calculated risk. With time and commitment, some individuals can be good at making successful sports picks. This self-reliance is contrary to the countless “scamdicappers” who rely on hype and high pressure salesmen. If you are serious about sports betting as an investment avoid phone services, demand full transparency and documentation, and avoid hyped marketing tactics used to lure you in. By focusing on transparency, real data and education you can avoid many of the common pitfalls.
Don’t Fall for Bogus Claims
The sports betting community is filled with self-proclaimed “experts” claiming to win 70%, 80% or even more of their picks, causing many to believe that anything less than this is a failure. In reality, true investors target a win rate of 55-60% over the long term. This might not sound significant, but achieving this target is realistic and extremely profitable. This target assumes traditional against-the-spread [ATS] picks as opposed to taking a team to win straight up through moneyline [ML] action, which is typical with baseball and hockey where someone can be just as profitable hitting only 45-50% of their picks if they are consistently picking underdogs.
Set Realistic Expectations
Having realistic expectations in sports investing is critical to your success. Learn to accept the bad with the good – there are going to be bad days, good days and great days! As a sports investor, it takes dedication and discipline to be successful. Setting realistic goals, being a good student, making informed decisions and adhering to good money management practices will increase your chances of long-term success as a sports investor.
Discipline & Money Management
By maintaining discipline and proper money management strategies, hitting 55-60% on traditional spread wagers or achieving a 5-15% ROI on moneyline picks can lead to substantial profits over time. Compounding, using the time value of money principle, can turn consistent success into significant wealth over months and years.