betting banks

BETTING BANKS: 3 secret betting strategies used by professional sports bettors

Any seasoned sports investor will tell you there are a hundreds of different sports gambling strategies and betting systems used across the globe across a variety of sports as NFL football to European football to horse racing.

When a sports investor applies a betting strategy to his investment portfolio, he’s not talking about a strategy that involves gambling on a game via a sports pick determined by a flip of a coin or listening to ESPN’s Monday night football predictions.

The sports investor is talking about a betting strategy or investment strategy that is designed to see an initial investment as his bankroll, grow over time while minimizing risk, and do so at a rate that is better than a similar risk/reward investment, such as the equity markets on Wall Street. Thus the key goal of the sports investors betting strategy is to minimize risk, and attain a profitable rate of return….over time.

#1 Problem: Patience is one of the biggest problems with sports gamblers and many sports sports investors that lead to a failed betting strategy. Patience is not a revolutionary concept and most already know this, but its human nature to run away or sell when things start getting bad with their investments. We’ve known this for decades and has been repeatable told to the open public by the oracle of Wall Street – Warren Buffet. Similar to the sports investing world and the application of betting strategies and certain betting systems, giving patience and riding the highs and lows is necessary to turn profits.

Examples of betting strategies:

This all boils down to the investors or sports bettors expectations before getting into the game. Managing expectations among everything we do in life is important, even in marriage. Sport bettors and investors cannot allow ourselves to blindly chase the pipe-dream of wild riches by hitting astronomical odds on a few sports bets. But many sports gamblers (and humans by nature) are simple minded and get persuaded easily to the big ‘what if’. Similarly when you see a Billy Bob Joe from Littlewater, Nevada, population of 1,500, win the power-ball lotto of $165,000,000. Love is blind. Money is blind. And we chase big outcomes. The odds of hitting the big outcome is far greater than some of the most unimaginable scenarios you could think of. The takeaway here is managing expectations in your betting strategy. Like the equity markets, you need to ride the highs and lows, and even take a break of the lows become to over powering – there is nothing wrong with that. But separate your emotions from sound strategy and logic, as emotional reactions are often irrational.

As with betting banks, by taking a sound strategy and invest a portion of your bankroll into a well-managed account, could yield greater returns “long term” than most financial market investments – equities, foreign exchange, bonds, RRSPs, 401s, etc.

Only over the last few years and the wild swings of the stock markets have investors looked elsewhere to park their cash. And these investors having taken a pivot in perspective from viewing sports betting as gambling, to viewing sports betting as an investment opportunity if played right. These investors are only now beginning to appreciate the opportunity, strategies and appreciate the similar mentality thats required to   profit with a betting bank.

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What is a betting bank?

A betting bank is simply an account that holds all your sports betting transactions. Similar to trading account with your bank to buy and sell stocks on the NASDAQ or New York Exchange, the betting account functions in almost an identical way.

Next is how your bankroll management strategy will be applied to this account. Will you wager $100 for every game, or fluctuate this value based on ratings or which has become extremely effective is the compound betting strategy.  The compound approach is simply applying X% of your bankroll on your games. This value will fluctuate over time as your winnings accumulate your bankroll, or your losses dwindle your bankroll. Then the last is a combination of the compound approach and varying this with the other betting strategies.

Cardinal Rule: At the end of the day, how much you invest into the sports markets is up to you. The value of your sports bets is unique to everyone, and only you know how much, or how little you have to invest. Don’t invest money you cannot afford to lose.

Don’t lay $1 until you do this

Once you have your bankroll management plans in place, your betting bank and your strategy how you will approach the sports market, do not bet $1 until you have setup and understand the tools that you will need to measure performance. More specifically tools to measure units won / loss, profit, ROI and yield. These are the KPI’s (key performance indicators) you’ll use to measure your sports portfolio performance over time.

Performance: Tracking Points

Determining how many points and how the points will be allocated to your betting bank performance is among the most popular ways of determining how much should be put up for stake for each sport pick or sports tip.

In the above I’ve mentioned a few methods other sports investors use such as a typical recreational sports gambler of laying $100 per game as a stake, or the popular sports investor approach of the compound stake.  But many experienced sports investors will use a combination of the compound and the points to determine how much stake should be placed on a game.

For example, a $200 bank may be split into 1pt = $2, meaning that a 4 point wager would equate to an $8 stake. These sorts of percentages give you plenty of coverage in the event of losing streaks and plenty of time to make the necessary small tweaks to get you back on track.

It’s generally thought that betting banks should maintain a minimum of 100 points spread across the overall balance. But depending on whether you’re looking for shorter price favorites or longer odds placers, you may need to adjust your points allocation from time to time, depending on the betting market you’re targeting in your sports investing strategy.

Another tip to note is that the psychology of the betting bank is an important friend for the long-term sports gambler or sports investor, as it brings a professional level of quality that doesn’t exist amongst social or recreational sports bettors.

Similar to your financial investment portfolio, your sports investment bankroll should be separate from your current finances, as it places money aside that you should be able to afford to lose should your investment strategy takes a turn for the worse, but more importantly as its unlikely if a sound investment strategy is applied and patience is given, is that it gives accountability to your betting system and the basic statistics you need to measure and assess patterns and trends which may be important to your future success or failure. In other words, learn from your mistakes, fail fast and adjust.

But of course, if there were any guaranteed profits to be made in the sports investment market then we’d see far greater coverage among media and investors, and the sports books and bookies very quickly disappear out of sight.

However this is not the case, but still great profits to be had. But betting banks are a good way for the smart sports investors (including Sharps) to build your overall portfolio performance and instill a disciplined profit model into your approach to a long-term betting strategy.

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