Guys, this podcast was taped this Wednesday (11.28.12), and is packed with TONS of great betting insights for this weekend's action. Worth the 45 minutes of air time for SURE!!!
Sports Betting Money Management Lesson #1
One of the most common questions that I get is:
"What is the proper money management strategy to use if I am serious about betting on sports"?
I like to keep things very simple when it comes to money management strategies to maximize gains, and at the same time minimize losses.
The first lesson that I will discuss in this article that you must understand is:
You must be properly capitalized.
(To have any chance of long term success.)
In gambling circles this is often described as your "bankroll", and more importantly, your available funds or bankroll MUST agree with what you are trying to accomplish in regard to profits.
Let me use an example to explain this.
At the start of the football season a player has $5,000 in his bankroll spread out over 5 different sportsbooks. Let's also assume that based on this player's time commitment and resources he expects to play about 8 games a week. Finally, after years of documentation, this players results on average are roughly 55% winners against -110 point spreads. (BTW...a player with a lifetime 55% winning percentage betting NFL and college football should be a very proud and have a nice stack of cash to show for it.)
Now, using the months of September through December, and playing approximately 8 football games a week, this bettor would wager on 128 games. With his 55% expected winning percentage his record would be 70 wins and 58 losses. There are different schools of thought, but for discussion I will use a 2% of bankroll betting structure for each bet. Calculating this out would show an approximate profit of $620 for that 4 month period.
This also would equate to a return on invest of around 12.5% on the 5000 bankroll.
From an investment standpoint a 12%+ return on your investment in 4 months looks pretty damn good. However from a bettor's standpoint, the comment often is..."I want to make more money betting football.."
You primary option to accomplish this is pretty straightforward:
You need a larger bankroll.
It takes money to make money, you must keep your expectations realistic, and understand that sports betting is not a get rich quick scheme.
In any other investment, (real estate, stocks, small business, etc.) making 12% on your money in 4 months would be considered a success. Treat sports betting the same if you are serious about making money long term in this "racket"!
Sports Betting Lesson #1: Do Not Be Undercapitalized!
Around the corner will be coming lesson #2...
You need a clear head to bet properly. Try this "brain food" - It's the sh*t!! --Fazzer
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The "Meatman" is back, and as dangerous as ever! Watch his video to find out how to get his top NFL selection this week for FREE!
Guys, no personal endorsements involved here.
The only thing that I will endorse is that the two following sports handicapping personalities are two of the craziest in the Industry!
Leave a comment below, lets see who is the Craziest Personality in the Sports Information Business.
PS...Put the children to bed. These two don't hold back...haha..
Contestant #1: Dave "The Meatman" Scandaliato of MeatandPotatoes.com
Contestant #2: Stu "The Source" Feiner of StuFeiner.com
Guys, if you caught the previous Vegas Runner webinars at Pregame.com, you know that they are 60 minutes of nonstop, balls to the walls, anything goes sports betting information!
From handling losing streaks, to bankroll management and bet sizes, to why robbing a liquor store is not a good idea...this is 60 minutes you do not want to miss!
Steve Fezzik discusses Week #11 NFL action!
Some good analysis below on the Baltimore at Pittsburgh match-up!
Finally... Fazzer Keepin' It Real!!!!!!!!
This video sponsored by Waste Management (http://www.wm.com) :)
Video #1: Basketball Betting Tips
Video #2: Betting Basketball Webinar With Johnny Detroit and Vegas Runner
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This week's addition simply features my top 2 plays going this Sunday, as well as Steve Fezzik's thoughts on this week's NFL.
228 New Orleans +1
234 Philadephia +1
Now 24-14 ATS at the CLUB - I look to keep the momentum going this Sunday!
Pregame.com's RJ Bell talks week 10 NFL Football with Steve Fezzik:
Professional Betting Tools:
NFL Best Bets, RJ Bell, Colin Cowherd, Steve Fezzik, Scott Spreitzer, Marco D'Angelo, Sports Insights
Guys NFL week #9 is upon us, how time flies!
Now 21-11 ATS in the NFL I continue to grind out winners over at the Club.
As always, I encourage you to check out some of the best free information available anywhere on the Internet below. More times than not, these audios and information will help get you on the RIGHT side. Good luck this Sunday, now go get the CASH!!!
Pregame.com's RJ Bell discusses 5 NFL picks this week with ESPN's Colin Cowherd. On the season these picks are a rock solid 18-5 ATS when RJ Bell's Wiseguys agree with Colin!
Taped on Thursday evening, Pregame.com's Scott Spreitzer and Marco D'Angelo discuss a host of college and pro football games for this weekend. Also included is RJ Bell's weekly discussion with Steve Fezzik as they analyze this week's NFL card. (17:30 mark)
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