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Online sports book juice

Sportsbook juice and the power of 52.4%

In the world of sports betting, there are far greater losers than winners. Both short and long term, there are reasons why 90% of sports bettors lose, and if losses are sustained long term, the average win rate among sports gamblers is around 45-48%.

Knowing this rate of return, some sports bettors may feel better off flipping a coin. But even that does not take into account the costs incurred from the online sports books when they take a commission on your winnings. For those of you new to the sports betting world, this ‘commission’ is known as ‘vig’ or ‘juice’, which on average ranges about 10%. Read more

sports betting money management

6 bankroll management tips for NFL football investing

sports betting money managementAny sports investor, expert nfl handicapper and sharp bettor understand the importance of how bankroll money management plays into having a profitable season. It’s not all about taking your best NFL picks from a solid nfl handicapper and going for the win. Bankroll management is integral when investing on the NFL, and in this post I’ll cover a few money management tips when betting on the NFL for any season.

You can never have enough education on money management and betting or investing on sports. If you can practice good money management skills in sports betting, you will go a long way. Just as you would with a prudent investment strategy into your 401K, RRSPs or the stock market and averaging down on over sold stocks and equities. You may use a money manager or investment advisor for your investment portfolio, and the same for your sports investing, but regardless of both you should still have an understanding of the fundamentals.

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Sports investing and bankroll management

10% of sports bettors follow these bankroll management tips

Investors across the board, whether your an investor in market equities, or sports investor specific sports, both have common fundamental investment philosophies that apply.

Some of the most important factors and best tips to becoming a profitable investor  include:

  • Don’t let emotions dictate investment decisions.
  • Fundamental data analysis and research will show you the value who to invest in, and who to avoid, and at the very lease, give you an edge.
  • A lot of information is intangible and cannot be measured (ex. teams motivation and drive on game day). The quantifiable aspects of a company or team, such as profits and wins are easy enough to find and quantify, but always work into your formula considerations on qualitative factors, such as new coach, new quarterback, weather conditions, team emotions on game day, etc.  Use a combination of tangible and intangible aspects when making your investment picks.
  • Money management or bankroll management

The latter, bankroll management, is one of the most common areas sports bettors and punters ignore, yet its one of the most integral sports investing areas that makes the difference between a bettor and a profitable sports investors.

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