Greyhound Racing Tips

With all of the exaggerations in the media today with the “Guaranteed Locks of the Decade” or the “10 Star Locks of the Week”, the average sports bettor may find it hard distinguishing fiction from reality.They fall into the trap of believing that it’s possible to turn a tiny amount of money into thousands overnight.The sad part is that this isn’t the reality in most cases.To be successful with sports betting it needs to be treated like a marathon and not a sprint.Like the kids story The Tortoise and the Hare, slow and steady wins the race. 

I am approached by bettors all of the time asking if it’s possible to really make money betting on sports and my answer is always the same: Yes with a big BUT.You need to properly manage your bankroll, be extremely disciplined and must have a winning and profitable sports betting system that you follow.What they are really asking is if it’s possible to make a lot of money from sports betting very quickly with no effort.Yes and No is really the honest answer that I can provide to this question. 

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

Option1 - Choose a game to wager on from your favorite sport.Now just place a bet of $11,000 on your favorite team and hope for the best.If the game wins you just made your goal of $10,000.Unfortunately if it loses your are down $11,000 which is far from achieving your $10,000 target.This is definitely not the path that I would recommend as it comes with too much risk.Large sums of money can be won or lost extremely quickly using this method. 

Option2 – Take that same $10,000 that you used for option 1, but instead of betting it all on just one game you can spread it around on several games.My suggestion would be to bet 5% of your bankroll on any given game.The objective is to create small gains and use the power of compound interest to obtain your $10,000 goal.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 if we stick with the numbers from this conservative example of 57% win rate while increasing you bankroll by 7% each week, you should be able to achieve this goal 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’m sure you would agree that this is a much safer option and the great part is that once you increase your banrkoll by 100% you can now adjust your betting amounts from $500 to $1000 per game as that would be the new 5%.

Imagine what could happen if you increased your win rate to 60% and bet on more teams per week.The 100% increase could be achieved in much less time than the 11 week example 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.

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