‘Calculated risk, emerging markets and opportunity are abound in the sports industry, and jumping in during the heart of the NFL football season is a great to time to take advantage. Let’s explore some resources—like sites offering free NFL picks and sports books rating guides—look at some advantages as an investing avenue, and dispel some myths about jumping into the market’.
This was the voice of my friend who has made fortune in the sports industry. Since I was a great sports fan, he was puzzled that I was just contented watching games without trying to make money from it.
As I became more interested, these great lessons have helped me too to make the best out of the sports industry;
Invest in Sports
Investing in sports is just like Wall Street. There is a misconception out there that sports betting is about playing against casinos or bookmakers with a built-in advantage. Not true. Bettors are playing against other bettors based on numbers set by odds makers. Where the money and market go from there is unpredictable and highly volatile. Bookmakers only take a small percentage with each bet (the juice)—usually 10 percent. Think of it as a stock broker fee.
Online sports betting is much like day trading, but with some unique advantages. For one, your capital has increased fluidity, which enables you to see a return on your investment in a matter of hours. You aren’t waiting—sometimes years—for a fixed investment to show return. Daily sports betting also allows a greater volume of investment with a smaller bankroll, which potentially offers greater rewards in a shorter time span.
The market is inefficient, too, with plenty of recreational money and passion-based plays making up the market. Many casual gamblers just don’t have the expertise or know how to turn a profit long-term, nor do they wager a bet expecting to win every time. Nearly $400 billion are bet on sports annually, so there is a lot of room for error and potential revenue gain. A large swath of that money is generated through NFL and college football. Researchers estimate roughly $95 billion was bet on the two combined in 2015. A little data and homework is all you need to turn a profit.
Online Sports Books is Easy, Safe, and Rewarding
Gone are the days of dealing with shady local bookies, making a special trip to Las Vegas, or fumbling through the laborious process of telephone wagering. Online sports betting has grown leaps and bounds over the last 20 years, and offers many advantages for the investor.
First, let’s dispel the myth online sports books are not safe and/or difficult to operate. People are cautious to transact money across the internet to unknown third parties, and rightfully so. Like some Nigerian Bank email money scam, there are a few scam books out there—always will be—but the majority are reputable operations. Most are owned by well-known companies, which are regulated by international governments. Resources like sportsbookreview.com offer rating guides and up-to-date news concerning the industry, and will help guide you to the most secure and trustworthy online options.
Moreover, the industry is notorious for shady tout services that do a better job marketing their image and fudging numbers, than making picks. If you’re looking for a little investment advice, particularly with your NFL picks, there are free sites with valuable knowledge, insight, and data out there, like SBR Picks.
Online books are incredibly easy to operate, too. It takes minutes to open an account and all offer multiple deposit and collection avenues to transact money. Bitcoin is one of the more favorable and secure currencies to do business. You can place wagers at any time, the sites are easy to read and navigate, and most have mobile interfaces compatible with smartphone technology.
Most appealing, especially for the NFL football fan, are the bonuses online sports books offer. The norm is a 20 percent cash bonus up to a certain limit on one’s deposit, or a 50 percent free play. If one shops around, better deals can be uncovered, like matching dollar-for-dollar up to a $500 deposit.
Sports offers Opportunities & Odds
Online sports books offer the best wagering opportunities, bar none. In addition to traditional point spread or totals listings, these sites will offer a multitude of futures wagers and proposition bets. The latter is really taking off with the rise of daily fantasy sports. If you think Giants quarterback Eli Manning will have a big game on any given day, there will assuredly be over-under markets set for his individual passing yards, touchdowns, completions and more.
Ultimately, finding value and betting the best odds will help keep you in sports betting long-term, and online outlets offer the best at both. Better prices equal better returns when you win, and making money is added incentive to the thrill of betting. Opening accounts at multiple online sports books will give you the best opportunities to uncover the best number, but almost every line you find online will be better than Vegas or local bookies.
Invest wisely and the profits are there for the taking!!!
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