This series will focus on some lessons I learned the last 15 years as a Sports Bettor.

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IF YOU WANT TO WIN...
YOU HAVE TO BE WILLING TO LOSE !


If you bet on sports and take a lot of low odds (1.80-) or extremely high odds with lower stakes (~20.00+), chances are pretty high that you are emotionally not willing to lose. Lower odds rarely offer great value and when they do it's always limited, extremely high odds come along with a huge amount of variance.

1,40 odds have a maximum return on investment of +40%
2,40 odds have a maximum return on investment of +140%

The reason so many people love small odds or those crazy high odds accumulators is because they feel a safe winner or require a very low investment to potentially win big. Over time they are unlikely to end up with a real edge. Many will believe it has been profitable but chances are high that they don't know their exact betting record...

Betting 2.0+ odds will always come along with a high chance of losing the bet. This can really pay off over time though when you know what your are doing. When you look at professional sports bettors, nearly all are willing to lose and bet higher quotes.

Previous Betting Wisdom Articles

Betting Wisdom | #1 You Don't Have To Bet
Betting Wisdom | #2 Never Bet On Public Underdogs
Betting Wisdom | #3 Always Take The Best Available Odds
Betting Wisdom | #4 If You don't know your Betting Record...

More of these insights will be posted next week...