by Predictem.com Staff
This article is dedicated to those who want to take betting on sports seriously for the purpose of making money, not partaking just for the sake of entertainment.
For starters, sports investing should be approached with a realistic expectations. The bottom line is that you need to beat 52.4% in order to be successful. While most aren't successful in doing so, it can be done, and it's not all that difficult to do. You just need to follow some simple basic rules which include proper money management and picking winners.
Sports investing is a grind. If your looking to get rich quick you should be buying lottery tickets. Sports betting is a marathon, not a sprint. Even if you do win, it's likely that it won't be a ton, however that's ok because you haven't fallen victim to the 97% that lose long term.
There are many handicappers out there who can pick more winners than losers. Their downfall is that their not able to control themselves when it comes time to enter their bet amounts. If your serious about winning and making money, you need to be the same amount on every game no matter how good it looks and this bet is recommended to be 2% of your total bankroll. This means that if your sports betting account has $500 in it, your wager amount is $10.
The hard part of the 2 part equation of winning at sports betting is picking winners. You will need to do your homework and handicap the games. There are a zillion ways to handicap a game. You can find articles on that topic right here at Predictem.com The bottom line regarding handicapping games is that you need to be informed and only make a move when you feel like the value is on your side.
You will have highs and you will have lows. Steaks happen. If you keep your wagers at no more than 2% of your bankroll you will be able to survive these highs and lows. Losing and doubling up to get even will only get you in trouble because even the best of handicappers experience losing streaks which when doubling up, you will eventually not be able to cover your risked amount because it has exceeded your bankroll.
While this article may seem boring to you, it is some of the best advice you will ever get and surely the foundation you will need to lay down in order to have a shot at winning over the long term.
As in poker, anybody can win on any given day. And just like in poker, it's the people who practice proper money management and stick to their guns (the fundamentals) that win in the long term.
Can't pick winners? No sweat. We have you covered. We offer free premium sports picks right here at Predictem.com that win more often than not. You can't beat the price. Always FREE.
Check out our Free Picks Page for a full list of where to find our staff/editors picks.
If you liked this article, we've got an even better (newer) one that you will definitely want to read regarding sports investing!
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