Gambling is common to add some excitement to a final in a sports tournament or a boxing match, but it is also an investment method that you could consider for your future.
Sports betting can be seen as a financial investment for whoever wants it. Others can still see it as just a hobby, a passion, a game. There is no harm in that.
Here are the following top 3 tips for increasing your sports betting inverstment:
#1: Bankroll Management
When betting, a good player establishes a strategy. Whether you use your intuition or base your strategy on a statistical study, which is more advisable, there will come a time when you will have to decide how much money to bet.
Then, you will have to determine a middle ground between the maximum and minimum return that you want to get from your bet, without jeopardizing the bankroll accumulated so far.
#2: The Investment Strategy
Defining an investment strategy means, for example, deciding to use fixed or scalable bets. Aggressive strategy? Patient strategy? It’s up to everyone to make the right decisions based on their bettor profile.
#3: Increase Your Bankroll
Then, we will have to think of an often forgotten data: the use of a tipster. Because yes, the problem in betting is often the volume of bets a bettor can make and the bankroll that goes with it.
Let’s say a bettor gets an ROI (Return on Investment) of + 10% and makes around 200 bets per year. It is on the positive side and generates profits. Problem: his volume of bets is limited by his number of bets and by the fact that he must manage variance.
A tipster will allow our bettor to increase the number of his bets, for example with predictions on a different sport, without having to specialize himself in that other sport.
Increase in the annual number of bets, therefore decrease in variance and increase in volume wagered, therefore increase in profitability.