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