Sports Betting As An Investment
Is sports betting a viable way of investing money?
Many people question Can You Make A Living From Sports Betting. Is it possible to even make money sports betting?
Sports betting can be a great way of investing your money if you treat it seriously, do your research and stick to solid bankroll management.
In all aspects of betting there is the element of luck or variance. This is why the majority of people struggle with sports betting.
Major soft bookmakers also do there best to advertise sports betting as a bit of fun. Something to do at the weekend with your friends celebrating in the pub after your 15 team accumulator comes in after 5 years of betting.
Take a look at this Ladbrokes advert for example.
In my opinion it should be retitled “This is the mug bettors life.”
Why Sports Betting Can Be A Good Investment
It is short term thinking in sports betting that makes the majority of sports bettors long term losers. It is why the mug bettors love large accumulator bets, poor value first goalscorer or correct score bets. They want to win big and they want it instantly.
If you want to make money from sports betting you have to look at it long term. Set aside your sports betting bankrolland see it as an investment for the year or season.
Treat sports betting like you would treat any other serious business. Keep detailed records of your bets for evaluation so you can see what works and what doesn’t.
If you aren’t a proven profitable bettor then you may look at paying a sports tipster or service to provide you with profitable tips.
Initially when I looked at sports betting tipsters I thought they were all a scam/unprofitable and its true that the vast majority are.
After quite a lot of research however I found that is was possible to make money from sports betting if approached correct.
Daily25 is a great blog showing how an Aussie attempts to make $250 a day from sports betting, its a blog with lots of useful information. The Secret Betting Club is another resource that enabled me to look as sports betting as a serious investment. It is packed full of betting articles and in depth tipster reviews that span years in some cases.
Low Risk Sports Betting Strategy
Sports betting investment doesn’t have to be a risk either. If you are risk averse, there are low risk betting strategies such as matched betting and arbitrage.
These sports betting strategies allow you to build small consistent low risk profits.
Sports Betting Compared To Other Forms Of Investment?
Lets take a look sports betting compared to other forms of investment that are available.
From April 2017 to April 2018 I attempted to make £50,000 profit. The idea was to use the sports betting strategies and sports trading methods I outline on this site.
My starting bankroll was £10,000.
At the end of April 2018 I had failed to make £50,000 but a profit of £25,236 was made.
Let’s compare this with other forms of investment.
Other standard forms of investments such as ISA’s offer between 1-2% increase on your capital over the period of a year. Peer to peer lending offers slightly better returns up to 6.3% with Zopa.
The big advantage that sports betting has is the ability to turnover your money quickly. This enables greater growth on your initial investment capital.
Sports Betting Investment Risk?
It is true that sports betting is a higher risk investment then some of the lower yielding standard investments like ISA’s or savings accounts.
This risk can be mitigated by matched betting and arbitrage which enable you build a risk free starting capital. Matched betting and arbitrage profits can become startup capital for your initial investment.
I used this exact method myself to build up a starting bankroll. Before eventually adding sports betting to my portfolio. As a person I am a very low risk individual. Building my betting bank this way lowered the feeling of risk that I associated with sports betting.
Sports betting has now become an extra source of income that has been slowly growing as time goes on. There are losing periods but over the long term my initial investment is growing at a rate that just isn’t possible with standard methods of savings.
If you approach it correctly sports betting is a very viable way of investing your money.