For the Newbie – Evaluating Your New Sports Betting System
A well established betting system in sports is safe to say in today’s high tech sport, there are already some fairly accurate betting systems in place. Some of these include my own personal favorite, The Sports Betting Champ. Another would be The Sports Betting Professor. These systems have been “tested” and proven to make profit over the long run. With The Sports Betting Professor, about 95% of the bets placed have a positive gain. The other 5% of bets not covered are usually those that lose.
If there is one drawback to the systems, and it is just a minor one, is that some of them may require a lot of time to evaluate. The older systems may not work with the technology of the modern day Internet. likewise, the newer systems may not work with the older ones, especially for those who rely primarily on emotion and intuition to drive their betting decisions.
Even though you may bet on sports for a living, it is still a form of gambling and like any other form of gambling you need to manage your money wisely. Only deal with an amount of money that you can afford to lose. This is why bankroll management is important in any form of gambling.
The New Environment
With the Internet making its way across the world, so have betting systems. Although there are still some very skilled handicappers making the old system work for them, but in general, the odds makers, bookies, and other people involved in the sports betting process have increased their knowledge of the system and sports. This brings a whole new level of understanding to the sports betting process.
Because of the Internet and sports betting becoming more accessible, more and more people are taking the time to scrutinize the process and ways of sports betting. Since the goal is no longer to simply bet on a team on a given day in a specific game, but rather to bet on a series of games within a season or a whole season, looking at the process from a business and financial perspective is quite important. Just like investing in the stock market, understanding what factors to understand and how to reinvest the money will make or break the investor.
The first thing to understand is the purpose of the investment. If the investor is looking for consistent income over a period of time, looking at the sports betting investment as more than just a get rich quick scheme, a majority of the people that fail have found themselves down a path that is difficult to come back from. When looking at the capital requirements of the particular sports investment that you are considering, make sure that you understand if you are able to attain the ROI (return on investment) that you are looking for or if you have the necessary skill and knowledge to make the investment a long term winner.
Depending on your experience, you may want to look at whether you are able to understand the sports investing markets well, or whether you are just looking to strike it rich in a very risky field. If you understand the markets well, you can certainly strike it rich, but if you are just looking to get rich quick, you may have an easier time elsewhere.
There are also some people who mistake sports investing for wealth management and becoming an investor in stocks and bonds. Many people who follow this path end up losing a lot of money because they become too greedy and start to bet too much. The reason why many sports investors lose money is because they bet too much based on a system that may be one of the worst.
The Vegas88 Betting Champ system was developed by John Morrison, a Cornell University graduate. Row sports investing systems because they believe that there is a science behind picking the winners in sports events no matter what the sport is.