Let’s face it: the number one goal of anyone betting on sports is to win money. Nobody likes the feeling of betting on a sporting event and then losing their hard-earned money because their team didn’t win the game or cover the point spread. It has been well discussed in the past that most people who bet on sports lose money in the long run. After analyzing these trends, one of the biggest problems most amateur bettors have is a poor, or non-existent, money management strategy. While nothing in sports betting is definitive, there are some very important skills you can learn, and apply today that will set you apart from the majority of people who lose money betting on sports.
Setting Sports Betting Goals
As I said before, people bet because they are trying to show a profit. One of the main questions you need to consider when developing a winning plan for success is:
1. How much money do I want to make monthly or annually from
betting on sports, and do I have enough money to get started
to achieve this goal?
It’s okay if you don’t have a clear understanding of what the answers to the two questions above should be. In the near future this will become very clear.
Let’s use an example of an unrealistic goal: “I want to make $500 per month from sports betting. I have $500 to start at the start of the football season.”
FORGET IT, FIND A NEW HOBBY, OR PLAY THE LOTTERY!
Now let’s use an example of a realistic goal: “I want to make and extra $100 – $300 per month betting on sports. I have $3,000 to start at the start of the football season.”
NOW IT’S MUCH MORE REALISTIC, AND THIS ARTICLE WILL SHOW YOU HOW TO DO IT JUST THIS AND MORE BY FOLLOWING SOME BASIC MONEY MANAGEMENT SKILLS.
Above are the basic fundamental strategies involved in long term sports betting success. This is a way to calculate long-term profits month after month, and year after year. This system doesn’t have the excitement factor of hitting a 6-team parlay, but it’s a very safe way to build a bankroll bit by bit and make you one of the few who can proudly show a profit at the end of the year. Good luck!