Sports Betting can be fun, can be addictive, can be lucrative and can be stressful!
Sports Betting can also be risk free if you use something called Arbitrage, though it is costly to setup and can be time consuming.
If you use a smart money management system and check your emotions at the door, you can earn a good living with sports betting. Of course you need to start with a good size bankroll if you really want to earn anything.
Follow some general guidelines and you can easily profit 30% on your money each month, even if you do not know a thing about sports!
My general month earns about 30%, while I have months at 150%!
The best thing about sports betting over your general HYIP or other online program is that you have full control over your money – no need to fear the admin of your favourite program closing shop and leaving with your money!
Also, many online sports bookmakers will give you bonuses to deposit with them – in some cases up to 100% on your money – double your investment without making a single bet!
Without a plan, and without sticking to that plan, no matter what, you can lose your entire bankroll. Do not let your emotions guide you. I have taken a bankroll of $600 and turned it into more than $14,000, only to let my emotions and trust in an unproven system totally wipe out that $14,000 in a matter of one month!
Stick to the plan, do not get greedy and you can earn good money with sports betting!
Check out my progress below to see how I am doing month to month!
If you are interested in the systems or picks I use read on, or contact me for more info.
Best of luck,
Want to follow my status? Just follow this post to see month to month, how my betting account increases (or decreases ouch).
TOTAL CHANGE SINCE September 1, 2009: +229.7% (Monthly Average: +76.5%)
September 2009: +57.5% (197 bets placed)
October 2009: +61.0% (156 bets placed)
November 2009: +111.2% (155 bets placed)
December 2009: 28.4% (through Dec 10 – 84 bets)
updated Dec 11, 2009
John Morrison of SportsBettingChamp uses a variation of what is called a Martingale betting system, along with many times buying points/runs for his picks of choice.
The Martingale system is a strategy which has the gambler double his/her bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. This system is of course flawed for sports picks without some knowledge behind them as your stake eventually gets very large if a losing streak is long.
The SportsBettingChamp only allows this to go on for 3 picks maximum, and if there are 3 losses in a row then that is a system loss (a very expensive system loss however!). The system has also found statistical factors which increase the winning rate of this system. I will publish the advertised success rate below (which I do not fully agree with…).
This system was the first that I tried and I began implementing it at the start of the NBA season 2008-9.
Of course, my very first set of picks lost all three games and 30% of my bankroll was gone in a span of 4 days! Ouch!
The problem I have with SportsBettingChamp is that that loss does not show up in his stats, even though it was clearly a system pick, but was later filtered out because of the poor start the team in question had for the season. That did not filter out my bankroll loss though! I think this is the main problem of systems and their promoters – they are not always likely to give out the full stats if they can avoid it – using filters put in place after the fact or such things to make their numbers look better than they actually are.
A single loss can set you back pretty substantially – you need to win 20 times to offset a loss.
Having said that… this system has since gone on to win every series I have bet with it and was the main factor of multiplying my bankroll to more than 10X its original starting amount (even after that 30% loss!)
I feel the system has merits and has proven for me anyway to be very profitable.
What would I recommend when using this system?
- at the start of any season (and also near the end) decrease your betting amounts – no one knows how bad a team might be before the season starts and leading up to playoffs teams rest top players or put in a lot of bench players to see what they might be
- do not get greedy – use a small percentage of your bankroll to start each system play – I suggest 1-2% (there are approximately 100-125 plays per season with NBA/MLB, so that equals 100-250% return on your money per year)
- do not let your emotions get the best of you – play the system fully or you risk losing when you shouldn’t
Here are the results of the system as published by John Morrison:
2003-04 season: 68 wins – 2 Losses
2004-05 season: 71 wins – 3 Losses
2005-06 season: 66 wins – 2 Losses
2007-08 season: 80 wins – 1 Loss
2008-09 season: 78 wins – 0 Losses
2004 season: 33 wins – 0 Losses
2005 season: 45 wins – 0 Losses
2006 season: 38 wins – 1 Loss
2007 season: 35 wins – 0 Losses
2008 season: 43 wins – 0 Losses
2009 season: 49 wins – 0 Losses