It has come to my attention, that there are a lot of sports betting myths around the internet now days! Everyone seems to be just blurting stuff out, without even checking if his/her information is legit at all.
Know this: Someone’s opinion does not make a certain statement a fact! Having said this let’s look at some of the most common myths you would meet on the internet, about sports betting and gambling in general.
Myth: In Sports Betting the only one that’s making money is the bookmaker!
Truth: Totally wrong! It’s a common misconception that all sports bettors are gamblers and they always loose. That’s not true at all! In fact a small percentage of the sports bettors that are actually professional and do it for living. By professional I mean, they rely on statistical and fundamental analysis, and bet strictly according to their system.
There are no guessings! There are no feelings involved,no emotions,no regrets! Nada! Nothing! Professional Sports Bettors have learned to trust the mechanical system and leave the feelings and emotions at the door. This makes them identical to the modern Forex and Stock Brokers! Just like they can predict the unpredictable market, the sports bettor can predict the unpredictable game! My personal opinion is that it’s even easier to predict a game than the market.
Myth: You can make a lot of money from nothing in Sports Betting!
Truth: There’s an old aphorism that says “Money are made with money”! The more money you have in the sports betting account, the less percentage you would have to risk, to make a decent profit on a bet! Analyze the following example: You have $10,000 in your account, you are following a system that risks only 1%-3% of your total, which is $100-$300 per bet! Now imagine you have $100 in your account and in order to make a decent profit you still have to bet with $100 which is a 100% risk, you loose the first bet and ………. get the picture?
It takes money to make money! It’s important that your risk percentage is something insignificantly small. Start with $100 and join the other 95% of the loosing bettors! Don’t believe me? Feel free to try!
Myth: You have to be right the majority of the time to make a profit! A lot of online services claiming to be 80%-100% correct with their picks!
Truth: Let me answer the 2nd part first! Such high percentages are pure crap and you should scratch them off immediately! Is it possible? Yes for a weekend or a month, but in the long run, no freaking way you can attain such a high rate! With such a high rate you wouldn’t even be selling picks, you would just bet big on your own!
Now it’s a common misconception again that you need to be always right or at least in the majority of the time to be profitable! That totally depends on your risk/reward ratio. The higher the ratio the less you would have to be right! Analyze the following example: Say you are playing always games with the odds of 3.00, and you have played like this for a long time. You have bet on 100 games already.
What percentage would you have to be correct to break even? Right around 33.3% and you would break even. Anything higher will bring you profit, and 40.0% does not seem that high does it? Again it depends on the odds you play! The higher the less right you have to be!
Hopefully, now you would get a much clear picture, what sports betting is all about! It takes patience, knowledge, self-discipline and common logic to succeed! All of these virtues are important, they separate the winners from the losers. Make sure you have them, if not acquire them, improve them as you go along and success would be only a matter of time.
Related posts:
- Want To Make Money Online – Go With Sports Betting
- What Differentiates The Successful From The Unsuccessful Sports Bettor
- What Stops Me From Making A Living With Sports Betting
- Sports Betting And How To Minimize Your Losses
One Response to “Sports Betting Myth Busters – A Guide For Every Sports Betting Fan”
You should see the feed in your reader client if you have done it correctly.
Thanks for the kind words as well