When comparing types of people who bet on sports, over the years it has been easy to see glaring differences between those who lose money betting on sports, and those who are able to show long term profits betting on sports. Let’s take a look at 3 of these differences and how they can help teach you to become more profitable betting on sports.
Long term winners have a detailed plan. Losers have no plan.
People who win long term treat sports betting as a serious business, not just a weekend hobby. They run their operations no different than if they were the head of a Fortune 500 company. No different than working as a Wall Street trader, serious sports bettors have specific goals that they are trying to achieve over a specific period of time – trying to maximize return on investment while taking the proper steps to minimize their risk.
On the other hand the “weekend warrior” has virtually no chance to win long term at sports betting. They treat it like gambling – with no specific plan and often times unrealistic expectations as to what they should be trying to accomplish and what is involved.
Long term winners have realistic goals. Losers gamble with the hopes of the big score.
If someone told me that I could have a 20% return on any investment, compounded for the next 25 years – from in investment standpoint I would be one VERY happy person! But the average losing sports bettor does not understand how powerful numbers like these can be over the long term. They want to turn $500 into $2500 in the course of one football season…and think that they can do it just because they watch every single football game each Sunday. Well more times than not the $500 is all gone by week 3 or 4 and they are left scratching their head saying, “What happened?”
Long term winners have proper bankrolls. Losers continue to reload their accounts.
Without getting into in depth details about how much to bet on each game, for the sake of discussion, let’s use a basic 2% rule. If your gambling bankroll is $5,000 you would be flat betting 2% of that amount for each play, or $100 per game. So generally speaking if you are betting $100 a game you have at least $5000 in capital to work with.
Now why do losers continue to reload their accounts? They are betting too much per game. Let’s take the conservative 2% rule again. If someone starts with $500 they should be betting $10 a game. “What $10 dollars a game…..I can’t make any money betting only $10 a game…!” And herein lies the problem again. People start betting more than they should, because to make the money they are looking to make, they have to gamble with the small chance they will get on that 70% hot streak. But what happens 95% of the time? The hot streak never happens and their $500 dollars is gone before they know it.
Review of Key Points
Fazzer Sports goal is to provide Advanced Sports Betting information for those that want to be more successful betting on sports. With the creation of the largest sports betting library on the Internet as well as relevant services and products – FazzerSports.com will become a leader in the sports betting industry.