Chapter 1 RE-LEARNING HOW TO BET
Take 3 Simple Steps to Betting Success
As I noted in the Introduction, gamblers making straight bets must hit 53% winners just to make a profit. This in and of itself is hard enough for the average bettor -- but the task is made even more difficult when you vary your bet amounts on whims and hunches.
The average win on a straight bet nets a one-time 90.9% return on your wager, meaning you must lay $11 to win $10.
On the other hand, every single winning wager using most of my 12 Money- Management Programs not only builds your Bankroll by this same ratio but also recoups either a portion or all of your recent losses.
In fact, when betting with one of my Programs, losing any single bet isn’t a cause for worry like it would be if you laid a substantial bet on a game because you had a “gut feeling” or even paid for a professional handicapper’s expert picks.
Why? Because regular losses are “expected” and built into my Programs. So you know there will inevitably be another win coming along that will earn back your losses, plus a little extra. (I’ll even show you how to incorporate the money you pay handicappers into the System, so your winnings pay for expert picks such as mine many times over.)
My 12 Money-Management Programs, which I learned from gambling professionals who make their entire living by betting on sports, are based on proven mathematical certainties that virtually guarantee you’ll make money by:
1) Breaking your Bankroll into portions to help prevent losing the entire amount, even during losing streaks (see Chapter 2, “Setting and Building Your Bankroll,” for details).
2) Determining your current bet amounts according to the results of previous wagers, not hunches or whims (see each Program chapter for a full explanation).
3) Requiring you to keep disciplined track of all bets and profits, as well as any money paid to handicappers for their expert picks (use the handy Chart I’ve provided with each Program for this precise purpose).
Break 3 Common Bad Betting Habits
To accomplish the 3 simple things above and become part of the 2% of bettors who make consistent money betting on sporting events, you’ll need to break 3 of the bad habits that keep the other 98% of gamblers from winning. 1) Stop betting more than a small portion of your total Bankroll on any single play. 2) Stop betting an arbitrary number of games per day and setting your individual bet amounts by some ill-conceived “unit” system. 3) Stop betting without keeping strict track of all your wins, loses and profits.
You’ve probably noticed that by achieving the 3 “dos” above you’ll be ensuring that you’re not guilty of the 3 “don’ts” that follow.
Pick Your Programs Before Your Favorites
Before you even think about which teams to place your bet on -- or your “favorites” -- decide which of my 12 Money-Management Programs best fit your gambling tastes and situation. You’ll want to read closely the chapter devoted to each Program, but here’s a quick overview:
Program #1, known as The 2-6 Straight Bet System, is a favorite because it requires you to hit just 33% or about 2 of 6 of your wagers to turn a profit.
Similarly, Program #2, The 2-3 Straight Bet System, is popular since you can win substantial profits by picking just 2 winners among any 3 wagers in a Series of up to 8 bets.
Conservative gamblers who are looking to bet modest amounts daily with little if any long-term risk will undoubtedly like Program #3, The 4-Level Accumulation System, which allows you to grind out steady profits over months and even years while getting lots of “action” every day.
Programs #4 and #5, The 2-16 and 2-18 Consecutive Wins Systems, allow you to make money when you hit just 2 consecutive winners in any Series of up to 16 or 18 bets.
Program #6, The Straight + Saver System, is for “action” players who like to bet 3 strong plays daily but who also want to hedge by putting money on an opposite parlay to cover yourself for those rare, disappointing 0-3 days.
While most of my Programs work across all sports, Programs #7 and #8, The Baseball Streaks and The Baseball Underdog Systems, are tailored to betting exclusively on America’s pastime, which lasts six months of the year and provides some of the best values for gamblers.
Those of you who enjoy the increased payoffs of parlays will find it remarkable that you must hit just 1 of 8 winners (for a winning percentage of only .125) to make a profit using Program #9, the 1-8 Parlay System.
For those high-rollers who have substantial disposable income, Program #10, The 0% Risk System, is a fool Proof way to take advantage of differing odds at various sports books to guarantee yourself a profit or push no matter who wins.
Programs #11 and #12, the Straight Bet and the Parlay Versions of The Set Monthly-Income System, teach you how to set a monthly gambling “salary” for yourself by laying either straight or 2-team parlay wagers. By picking a minimum of 12% parlay winners or 26% straight-bet winners, you can “guarantee” yourself a monthly income of $400, $1,000 or even $5,000 or more.
Set and Build Your Bankroll
Once you know which of my 12 Money-Management Programs you’ll be using to make gambling profits, you need to know how much money you have to wager with. I’ll explain it fully in Chapter 2, “Setting and Building Your Bankroll,” but basically it involves 3 easy steps:
1) Determining and putting aside a portion of your disposable income that you don’t need for life’s essentials like mortgage or rent, car payments, credit card bills, food and entertainment, etc., and using this Bankroll exclusively for betting.
2) Dividing your Bankroll into 4 parts and betting a calculated portion of this 25% of your Bankroll one very pick.
3) Taking all winning profits and putting them back into your Bankroll so you have more to bet -- and win -- with. Of course, once you know what your total Bankroll is, you’ll need to determine how much to wager on each game.
I'm really excited about this opportunity to begin introducing a few of you to the lucrative world of "Sports Investing" and hope to show the rest, at the least how to avoid a few pitfalls of sports gambling.