The world of sports investing is not for everybody. It takes a specific type of individual with a certain type of personality to enter this precarious industry. We are not discussing the casual gambler who lays 50 bucks on the Superbowl with his buddy. We have been talking about the serious and dedicated Sports Investor who makes a big part of his livelihood through betting on sports. This individual must possess patience, discipline and mostly, the capability to cope with the stress that is inherently affiliated with Sports Betting.

Sports betting and Sports investing are actually two completely different animals. The phrase investing suggests long term commitment, just like most other investments. Consequently, you need to realize that this type of profession is just not a get rich quick scheme but a job that requires patience and dedication. Additionally, it implies that the investor have a great deal of knowledge of the sector, or at the very least, he depends on a professional who does, much like a Stockbroker or Realtor or funny post Financial Adviser.

When the Sports Investor opt to employ a Professional Sports Handicapping Service, it is of the utmost importance that the individual perform the necessary due diligence on each service he is serious about. You will find thousands of Sports Services online today, all claiming to be the best. Some charging around $500 per selection. It is necessary to keep in mind the amount you pay for a Handicapper’s pick isn’t directly linked to the quality of that pick. When researching a Sports Handicapping Service it’s critical to ensure that the service is monitored by a third party. This is an indication that the service is honest and has integrity. Any Service can claim a 70% win percentage over the course of each year on their own website but finding a service that has a 70% win rate that is documented by a third party could be a daunting task. Do not let yourself become the victim of an unscrupulous Handicapper. Before purchasing their services, make sure they have legitimate and documented records.

One of, if not the most, important factors when investing in sports gambling, is the utilization of money management skills. There have been many, many articles dedicated to this subject alone. It simply cannot be stressed enough. The serious Sports Investor must employ strict and disciplined money management techniques. Simply stated, your risk amount for each wager should be between 2-3 percent of your entire bankroll. Consistency is the key. As your bankroll increases so will the risk quantity of your bet. On the other hand, should your bankroll decrease your risk amount for each wager will decrease proportionately. To clarify further, a bankroll of $10,000 would garner a risk wager amount of between $200 and $300 per bet. A bankroll of $1000 would garner a risk wager quantity of between $20 and $30 per bet. The size of your bankroll is irrelevant. Employing a stringent money management system is crucial.

A final thought to think about when investing in sports and not to be overshadowed, is the opportunity that exists with various Sportsbooks. A wise Sports Investor will have accounts with several unique Sportsbooks. This gives him the ability to shop for the best lines. Not just is it possible to locate lines from ˝ a point or more in your favor but different books charge different vig. An Investor who maintains a 55% win percentage is great but and also this implies that this investor is losing 45% of his wagers. This really is a considerable amount and it should not be overlooked.

Let’s say you place two bets a day of $250. Over a 30 day period you would have gambled $15000. Using the aforementioned win rate of 55/45 you would have won a gross quantity of $8250 and lost a gross amount of $6750. Now suppose your book charges you 10% of your losses. This represents a total vig charge of $675. Essentially, suppose your buddy’s book charges him only seven percent of all losses. This represents a total vig charge of only $472.50. An impact of $202.50. Multiply that by twelve months in over a year and your buddy saves over $2400 in vig charges alone. That is almost 10 extra plays per year simply through carefully selecting Sportsbooks.