Most punters who frequentlyLosing Bets bet on sport have this dream of becoming self-made millionaires by backing their instinct and knowing how to assess sports form, however very few achieve their dream. You could ‘strike lucky’ with a once in […]
Most punters who frequentlyLosing Bets bet on sport have this dream of becoming self-made millionaires by backing their instinct and knowing how to assess sports form, however very few achieve their dream.
You could ‘strike lucky’ with a once in a lifetime low stake, high odds accumulator, but the chances of success are usually far worse than the eventual payout, which means that the vast majority of these speculative investments inevitably come to grief.
Having spoken to many regular punters over the years, I have ascertained that there are a number of factors which prevent genuinely profitable punters from making substantial returns on their investments, these include:
1. Lack of focus: Resulting in losses due to bets being placed on events in which the punter’s knowledge is limited, you need to know the form.
2. Lack of a separate betting bank: Resulting in bets being placed only when the punter has some spare cash in their pocket/general bank account, thus missing potentially profitable wagers when funds are tight.
3. Erratic staking of bets: This is, often linked to point 2 leading to small profits when the punter has little spare cash and hefty losses when the punter is flush, especially after collecting on a few winning bets when they consciously believe that they are invincible.
4. Lack of self-control: Leading to punters frittering away their winnings on a short term luxury, rather than considering banking the profits to increase their betting bank, thus enabling them to place higher stakes wagers in the future.
5. Lack of patience: Resulting in punters placing high-risk multiple bets in an attempt to make serious money almost instantly, rather than taking a longer-term view.
Sports Betting Millionaire Plan
However, if a punter is able to negate all of above, there is a strong possibility that they will be rewarded with substantial profits in the long run.
Before I explain how the SPORTS BETTING MILLIONAIRE PLAN works, it is worth listing below the 5 requirements that the prospective user will need to satisfy in order for the plan to have a chance of success
Profitable Betting Methodology
The punter will need to have sufficient knowledge of the sport(s) on which they intend to bet to be able to make consistent long term profits.
The level of profit need not be massive in terms of real value in relation to the size of their initial betting bank, although I would suggest that the minimum requirement would be around 2 points on average per week over the period of a year.
The fact that the punter is capable of making long term profits on their wagers indicates that they are finding value, irrespective of whether they are consciously seeking odds that are greater than the chance of their selection being successful, or not.
For anyone who is interested, my personal thoughts regarding the selection of value wagers are detailed on: Naps Of The Day – How To Choose Value Selections
Initial Betting Bank
The punter will need to set aside a modest betting bank which must be kept separate from funds that are required for day to day living expenses.
My experience would suggest that the initial betting bank should consist of 100 points, albeit the value of each point could be a small as one standard currency unit (e.g. £/$/€ 1, etc).
Therefore an initial betting bank of £100 (or $/€ 100) should be sufficient and as this is the maximum liability should the project fail, this represents an extremely low-risk investment.
If the punter is struggling to lay their hands on this amount of spare cash, I would recommend that they consider joining OLBG and enter the tipping competitions which are free to enter and provide a great opportunity to win sufficient cash to fund their betting bank as detailed in the OLBG Tipping Competition Prizes
The exact details of the staking plan will very much depend on the punter’s experiences when betting on their chosen sport(s),
However it should be noted that the minimum requirement for the plan to work is that profits should average 2 points per week over a period of a year, (will effectively double the betting bank over 12 months), whilst taking every opportunity to mitigate the risk of losing the entire betting bank (initially 100 points) during a sustained losing run.
To ensure that the plan is given every opportunity to succeed, it will be necessary for the punter to rigidly adhere to their methodology for assessing potentially profitable wagers in respect of their chosen sport(s) and to refrain from betting in events where their knowledge is not sufficient to make informed decisions.
It is also imperative that the punter adheres to their chosen staking plan, and does not fall into the trap of randomly increasing/decreasing the size of their wager based on whether they are enjoying a prolonged winning streak, or suffering a confidence-sapping run of losers.
The main aim of this plan is to provide punters with a methodology to turn a relatively modest initial betting bank into a substantial profit (hopefully 1 million currency units) over a period of time, thus it is imperative that the punter does not spend their winnings on short term luxuries, but reinvests the funds in the betting bank until their ultimate goal is achieved.
However, the plan will also work for punters who set themselves less lofty goals and wish to fully, or partially ‘withdraw’ their accumulated betting bank to cover a major purchase or change of circumstance in the future.
As the famous saying goes, “Rome was not built in a day”.