If you have been involved with sports betting for several years or just getting started I am sure you have seen companies advertising their pick services in your local newspaper, online or even on television. A lot of these ads are offering guaranteed games or claim winning rates of 80% and above. If you see these types of services, you should run in my personal opinion. I don’t care what they say, No One wins 80% – 90% of their games.
Does that mean that you can’t make money with sports betting? In short the answer is No, it is definitely possible to make substantial profits from sports betting, but you need to be realistic. If you have the proper discipline, manage your bankroll and following a winning sports betting system then creating a substantial passive income from betting on sports can be a reality. Knowing the magic # is the key.
So what is the magic #? The answer is 52.4%.If we use the most popular sports to bet on like NFL and NBA a normal bet would consist of betting against the spread with odds of 11/10 meaning that you would have to wager $110 to win back $100. What this means is that you would only have to win 52.4% of your bets to actually break even.Although hitting 80% plus winners is virtually impossible over the long haul, the good news is that anything above 52.4% will be profitable. Although winning 55% doesn’t sound that exciting, you can experience some really substantial returns each month.
Let’s use a 55% win rate and wagering on 2 games each day for this example. Here is what the results would look like after one month:
Win Rate 55%
# of Wagers 60 games (2 per day X 30 days)
# Wins 33
# Losses 27
Minus 10% Vig* 2.7
Total Wins: 3.3
*Vig is the % that the online sports books keep for accepting your wagers. Usually 10%
So what does this mean? Well with these numbers a $100 bettor would be up $330 profit after the month and a $1,000 bettor would be up $3,300. Not bad for a few minutes work each day, but let’s look at what this means in ROIpercentage (Return on Investment).
What I personally use and recommend is that if you are going to be flat betting or making the same size wager on each game then you should be using no more than 5% of your total bankroll. So if you have a total of $1,000 then you should be wager $50 per game. By sticking with the same numbers as the example above of +3.3 games this would actually be a gain of $165 and a return of 16.5% on your money in just 1 month. Compounding that over a full 12 months translates into over a 600 percent return on your money. I don’t know about you, but these are some incredible returns. Compare this to other investments like the stock market or the bank and you can clearly see that sports betting is a viable option even using a conservative example. Now imagine a 56% win rate or even 60 percentage.
Horse racing online was certainly not an option when I first started betting. I attended school in England for several years and the earliest recollection of placing money on a horse was at a point-to-point meeting when my friend’s father offered to take me along during spring break.
My approach to weighing up the field was based on the fact that the course appeared to be uphill and to my novice eyes, very demanding. Casting a glance on the runners I spotted a large dapple gray that appeared to have the size and power to face this daunting challenge and duly placed my on-course bet of two shillings (approx 20 cents) to win.
Despite my big beauty not being the fastest starter, his power prevailed and the elation of picking my first 8/1 winner will stay with me forever. Having become a “professional” punter at the age of thirteen I proceeded to donate my school dinner money to the local bookie for several weeks, until going without lunch due to severe (self induced) financial hardship I quit.
Several years later I chanced to watch a program on UK TV entitled ‘John Gough-Last Of The Big Punters’ (or something similar) and was absolutely amazed at the amount of work John put into his business. His study was full of formbooks and years of bloodline books.
What I thought was just a simple “knack” turned out to be a very intense system of study that he had dedicated years to perfecting. He became so feared by bookmakers he needed a dedicated (and well-paid) group of runners spreading his off-course bets while he spent thousands of pounds on course backing the wrong horse to win, in order to lengthen the odds on his real fancy.
With the advent of horse racing online and systems like Betfair much has changed over the years and although nothing beats the exhilaration of attending the live event, the opportunities to make money from the comfort of your own home have grown too.
Once upon a time there used to be a very popular game called foxy poker. This was one of the most popular online strip poker games out there.
It was an interesting concept. The idea was you would watch comic book babes take off their clothes. The more hands you win, the more tokens you won. You could use your tokens to buy clothing off the comic book babes so they could strip. This encouraged people to improve their poker game, so they could eventually see these girls naked.
Now if you starting losing hands and ran out of tokens, then the babes would buy back their clothes with a 10% surcharge. It was a very fun game and had many fans.
Unfortunately, foxy poker no longer exists. The website no longer offers the game. It has caused many fans to be disappointed.
While it lasted it did help many men improve their poker game. It is amazing what men will do in order to see women take off their clothes. The comic book element made the game even more exciting for some.
It is a mystery why exactly they shut down when they had such a huge following. We can only hope someone will come up with a similar application.
What it did is inspire others. There is going to be a foxy poker club opening in London soon inspired by the game. There are also several tournaments and poker rooms named after the game. It certainly left an impact in the Texas Hold Em world.
However, if you are serious about poker then this game wouldn’t take you far and you certainly wouldn’t be able to win any money. It is nice for a laugh but not for a real game.
If you are serious about playing online poker in a secure environment and want to get to the point where you can win big money then I know just the place for you.
You need to discover poker rooms that is full of amateurs (so you have a chance at winning!) and mega cash tournaments.
The operation of the parimutuel system had again been improved. The application of electricity had speeded the operation beyond belief, and many observers believed that Oiler, Ekberg, and Julius had perfected the totalisator. But other names were yet to come.
In the United States the parimutuel was having a stormy existence in what seemed to be eternal clashes with its arch enemy the bookmaker. The first American bookmaker of any consequence was James E. Kelley. In 1871 he made a winter book on the forth-coming Belmont Stakes to be run at Jerome Park in New York. Two or three years later an unnamed English bookmaker started taking bets at New York race tracks, and it was soon apparent that he had found the pot of gold at the end of the rainbow. Many others soon joined the gold rush, and it wasn’t long before book-making operations became more important news than racing itself.
Even before the American Revolution, there had been betting on horse races in the Colonies. The land owners bred, traded, and raced horses. Both gentry and commoners bet with all comers on the outcome of a race. In fact, horse racing was our first public sport and continued to be first until displaced in the late nineties by baseball.
Among our leading citizens who were interested in horse breed-ing and racing were George Washington, Thomas Jefferson, and Andrew Jackson. In 1790 George Washington acted as judge at a race meeting at Alexandria, Virginia, in which his horse Magnolia ran and was defeated. Thomas Jefferson won a race that same day with his Roan Colt. In the spring of 1805 a match race between Andrew Jackson’s Truxton and Lazarus Cotton’s Greyhound was run at Hartsville, Tennessee. Truxton was the winner, and Andrew Jackson collected a side bet of five thousand dollars from Cotton. In those early days the race was all-important; the betting only incidental. When the bookmaker appeared, betting became more important than the races.