Sports betting is great fun, exciting, and it can be profitable, but only if you are realistic in your goals.You are not going to just roll over the sportsbooks with your sportsbetting picks. It is not that easy. The people that think online sportsbetting is easy are mistaken.
Sportsbetting winners realize that it is a season long or lifetime grind and that if they hit sixty percent of their bets they are absolutely thrilled. Most professional online sports betting gamblers are very, very happy with anything around the 56% mark. This may ruin all of your big dreams, but that is the point here. Be realistic. You should know that the break even point for winning at sports betting is .523. That is the key number to remember.
Let’s get even more realistic in our look at online sportsbetting. If you are seriously considering sportsbetting you should know that it requires a bankroll. It also requires a realistic look at your bet size. If you want to be betting $100 a game then you need at least a $2,500 sports betting bankroll, but preferably higher. The experts say that 5% of your bankroll is an acceptable level for your plays. It should really be 2% or less. The sportsbetting experts haven’t experienced many losing streaks at 5%. For example, let’s say you have a busy football weekend and have 10 plays on Saturday and 6 on Sunday.
That is a total of 16 plays for the weekend and you have that $2,500 sports betting bankroll and play each game for $110. Most people won’t bet that small but let’s take it for an example. You have a horrible weekend and go 4-12. And it will happen. You lost $1320 on your losses and picked up $400 on your wins so you lost nearly a $1,000 of your starting sportsbetting bankroll. That means almost half of it is gone in just one weekend. Let’s watch the discipline go right out the window the next week trying to make it all back in online sports betting. That is why you should keep your wagers at 2% or less.
The people that make a living in sports betting keep their bet sizes to a very low percentage of their overall bankroll. Remember that you can’t win anything back if you are out of the game. It is a challenge sometimes to show discipline but that is what separates winners from losers and being realistic from the start in sports betting is a big key.