Why 55%
Makes Money in Sports Betting
Key Points
– Smart bettors
understand they don’t need to win all the time to be successful.
– Winning six of ten
bets can make a lot of money in sports betting.
Why 55%
Makes Money in Sports Betting
There are times when
sports handicappers win at a rate of 68 percent. More often than not, they are
closer to 50 percent over the long run.
Every day, every
week, and every month is different. Yet the reality is that you will profit
from a handicapper's picks if the capper can average 55 percent wins. Winning
between five and six times out of ten can produce some very big winnings. When
it comes to sports betting, winning is pretty much everything.
Winning just 55
percent of the time just doesn’t seem like enough. However, it is. In the long
run, 55 percent makes bettors a lot of money. Here’s how.
Why 55
Percent
When placing a
sports bet, the standard odds in the industry attached to any bet are -110.
This ensures that sportsbooks will make at least 10 cents on every dollar
wagered. If a bettor wagered on bets with -110 odds all the time, they would
need to win 52.4 percent of the time just to break even.
This should make
sense. For every dollar bet at -110, a bettor earns 91 cents on a winner. The
other nine cents goes to the book for taking the bet.
BOOKIES: HOW TO USE YOUR PPH LAYOFF ACCOUNT
Making
Money in Sports Betting
Some bettors would
laugh at the notion of earning 5 percent on all their bets. In learning how to become a smarter sports bettor,
you know that five percent is approximately what is earned by winning 55
percent of the time.
Would you take 5
percent? Let’s put it in context with an example. If you averaged 5 percent
returns on your weekly bets, you stand to make money.
Let's assume that
you have a $5,000 starting bankroll and that you earn 5 percent on it. The
first week you earn $250. The following week, based on your $5,250 bankroll,
you’ll earn $262.50. The week after, your earnings go to $275.60. You get the
idea.
In a year, if you
continue winning 5 percent each week, you stand to earn $15,000 for the year.
That’s some pretty solid winnings for a part-time gig, especially since you
started with just $5,000.
If you look at it
from a betting unit standpoint, it’s like this. If you play 10 units per day,
you get one extra unit with a 5% return every other day. In a single year, you
would earn between $15,000 and $20,000! Any bettor would be happy winning an
extra 15 grand in a year and, the best part is that it’s realistic.
How to
Get There
Obviously, talking
about 5 percent and actually accumulating those winnings is not that easy.
Sports bettors must take certain actions in order to average a 5 percent
return. They should make sure they have a trusted sportsbook with easy deposit and
withdrawal methods.
First, they have to
diversify. They must wager on multiple sports. Bettor diversification simply
provides more value-based lines from which to choose. Bettors can then take
advantage of spreads, lines, and totals from a variety of sports.
Bettors must be
willing to wager on baseball, hockey, the NFL, college basketball, and more.
Bettors don’t have to bet on every sport, but they will have more chances for
success by wagering on multiple sports.
One day, there may
be value on college football, the NFL, and the NBA. The next day, you might
find NFL player props for value or the NHL and
tennis have some strong bets.
If you want to earn
5 percent, you must be willing to gamble 10 to 15 units per day. It will also
take a mindset that realizes there will be some streaks. Those streaks can be
both good and bad. Sometimes, you’ll hit on all 10 or 15 bets. Other times, you’ll
lose them all.
Sports
Betting Key - Perseverance
When things are
going poorly and the only thing you can do right is lose, you have to be able
to persevere. Bettors who can get through these losing streaks are the ones
that can come out on top.
One of the reasons
these bettors make it through these downturns is wise money management
strategies. They never bet in a panic or try to make up for losses with a wager
higher than their max bet. These are risky and reckless strategies that smart
bettors stay away from.
Bettors that
persevere also make sure they have the best tools. Make sure you have an online betting
portal where you can check scores, odds, stats, and more. It
will make a big difference.
The winning sports
bettor must take the long run approach. It’s not about making sporadic bets,
betting only on the NFL, or risking $5,000 on a single wager and coming out
ahead. You have to use solid data and have a steady plan in order to achieve
solid, consistent gains. If you want to reach that 5 percent number, this is
how you do it.
Making
the Big Bucks
It seems hard to
believe, but you could transform a $5,000 bankroll into $1 million in about
eight years if you stuck to a plan. If you earned 5 percent consistently, we
already saw that we could earn potentially $15,000 in a year.
If a bettor
increases his betting unit size in accordance with his growing bankroll, it’s
possible to turn that $5,000 into seven figures. Remember, a two-unit or two
percent bet on a $5,000 bankroll is $100. The same two-unit bet with a $10,000
bankroll is $200. When you keep reinvesting your profits, you can keep
expanding your bankroll. Smart bettors know that strong money management is a must if you want to make
money.
Keep in mind that
the quality of your bets depends on your sports betting strategy. That includes
your capacity for research, data analysis, weighing intangibles, and other
activities. If you have the necessary expertise and dedication, you can become
a successful sports bettor and win 55 percent of the time.
You might consider finding football handicappers, for
example, if it makes financial sense. The best part is that you only need to
win 55 out of 100 bets. Some of those bets will be on underdogs. Bets made at
plus-money odds earn more.
Keep a long-run
mindset and treat your sports betting like a business. Manage it properly and
make sure to keep up with the latest developments in the industry. Do the
research necessary to place wise bets and take your collecting of statistics
and facts seriously. Do so and 55 percent will make you a lot of money!
