Investments are supposed to bring a return over a period of time. But if you love taking risks and love sports, be it football, racing, baseball, or more – then there’s one kind of investment which may be just worth your while: sports betting.
There’s no denying the fact, though, that online sports betting has its share of losers. In fact, it has been said that about 90% of punters actually lose more than they win. But you don’t have to be part of this statistic; with a few key strategies, your investment in sports betting can pay off. So how can you make sure that your investment brings you a substantial return? Let’s find out.
Trust the reviews
If you’re a beginner at online sports betting, the first thing you have to do is find out which betting sites can give you some great bonuses. There are many sites which provide bonuses, but the key is finding the right one. Read as many reviews as you can and trust the reviews, especially impartial ones. Users who have placed bets with different sites should be able to give you some good advice, so don’t forget to check out independent forums as well.
Invest and manage your funds wisely
It’s been said over and over again, but one of the keys to having a good return on your investment in online sports betting is to invest and manage your funds wisely. If you read a book on sports betting, the author will probably devote one chapter to the management of funds – it’s really that important. Try not to be a know-it-all, especially on your first bet, by placing more than half of your bankroll on a single bet. Start small, and invest small amounts. The winnings may not be that big, but you can get a better feel for how it works and what strategies you can employ. The point is to get as much knowledge and experience as you can, and only place large bets once you have developed some key strategies. Manage your bankroll wisely, and keep your betting funds separate from your household or personal funds.
It doesn’t have to be your favorite sport
Experts will tell you that the two most popular sports when it comes to sports betting are basketball and football. But while you may love those two sports, it doesn’t mean that you have to stick with betting on them. If you want profit in the long term, don’t just stick with the sports you like. Try out other sports which are more likely to give you a better return, such as hockey and baseball. If you are serious about winning, invest in other sports, and you might see some substantial returns before you know it.
Advertisers Note: This posting has been sponsored by Mybookie. Mybookie is your go-to source for placing all your sports betting online. Mbookie reminds you to gamble responsibly.
James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.