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Why 55% Makes Money in Sports Betting

Key Points

Ė Smart bettors understand they donít need to win all the time to be successful.

Ė 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 doesnít seem like enough. However, it is. In the long run, 55 percent makes bettors a lot of money. Hereís 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? Letís 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, youíll 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. Thatís 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, itís 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 itís 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 donít 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, youíll hit on all 10 or 15 bets. Other times, youíll 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. Itís 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, itís 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!





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