Professional Sports Handicapping Service
and Delaware Sports Betting Information

Sports Betting - Profit and Money Management

We tend to overthink what sports betting is and how to make money from it. In the most basic terms, sports betting is simply an investment, just like buying a house or putting money in the stock market. And, just like any other investment, your success in sports betting will be directly proportional to the amount of risk you incur. You'll often find people, even myself, telling you that sports betting is not a "Get Rich Quick" scheme. The fact is, however, that it CAN be. But, if you pursue the "Get Rich Quick" angle, you should also be prepared for the case where your effort turns into a "Go Broke Quick" accomplishment. If you are in a position in life that allows for great risk, then go for it. If not, you should adopt a more conservative stance.

Here I will outline for you a few different money management strategies for different financial situations. Depending on your current bankroll, risk allowance and profit aspirations you can pick and choose some traits from each of these methods to create a method that is just right for you.

Slow and Steady, Like a Turtle

This is for those of you who have a significant bankroll and are only in sports betting for the Long Term profit. You realize that your money will gain about 8% for you in the stock market, so you think that a "mere" 20% gain is more than enough to keep you happy. You have no interest in chasing 400% gains because you either aren't interested in the risk or the stress is just too much.

This bettor will play 1% or even less of his bankroll per play. He understands that losing streaks happen, and he will bet small enough to know that a bad week, month or even year won't wipe him out.

Vroom! Vroom! Crash?

While I do certainly preach about betting small, that's not actually what I'm trying to convey. My true goal is to inform people of the best mathematical approach to handling their bankroll. If you are at a point in your life where you can afford to take on extra risk, then it is by all means your right to do so.

This strategy is nothing more than short term calculated recklessness. It is often for people who deposit a small amount (such as $200) with their online bookie and have no patience to be making $5 bets. These people will bet 20% or more of their bankroll on every play. Over the long haul, you will lose money with this approach, but it could very well triple your account in a couple of days if successful. Just be sure to have a goal in mind. Eg., deposit $200 and be very risky until you balance reaches $600, and then calm down a bit.

One Chunk at a Time (my favorite)

As an investor I want a goal, a plateua to aim for. If my $1,000 turns into $1,300 using one of the methods above that's great, but I'll still feel like I'm at step one of infinity because there is no end in site. This investment strategy focuses on short sprints to reach a goal. After every sprint you will have either succeeded or failed. The overall goal is to have more successes than failures. Alter as you please, but my method involves taking your actual bankroll and breaking it down into several smaller bankrolls, and playing with one of those bankrolls at a time. This is also great for people who are starting off with a very small bankroll and are okay with being risky. These people could very well use their entire bankroll as the "smaller" bankroll.

I'm going to take my $1,000 bankroll and turn it into five smaller bankrolls of $200 each. I will simply play my $200 until I either double it or exhaust it. Once one of these two endings happens, I start over with a new bankroll of $200. I am starting with five mini-bankrolls, and my long term goal is to have as many mini-bankrolls as possible.

This method is great for those who want the satisfaction of immediate results as well as the security of a long term investment.

The Benefits of a Professional Picking Service

Professional handicapping services allow you to place expert picks without doing all of the work. Some people should invest in these services and some shouldn't waste their money. Which category do you fall into?

Who Benefits from a Handicapping Service

Anybody that bets on sports for the purpose of making money will benefit form a handicapping service. Those who do loads of research on their own will benefit from a second opinion. Those who would like to invest in sports betting but do not have the time or interest to research every game will benefit by having these picks provided for them. When deciding on which handicapping service to go with you must make sure that your bankroll is large enough to make the price of the service worth it. For example, last baseball season our picking service made a profit of 126.16 units. Our subscription price, at the time of writing this, is $549.99 for an entire year. So, if you only bet on baseball, in order for our picking service to be worth purchasing you must be betting at least $4.35 per wager. Every dollar bet over $4.35 resulted in a $126 profit on the season. For more guidelines on picking a handicapping service, see our article Keys to Picking a Handicapping Service.

Who Won't Benefit from a Handicapping Service

People who don't practice proper money management techniques will not benefit from a professional handicapping service. People who only like to place bets occasionally for a big game will probably not benefit from such a service. Generally, if making money isn't your primary goal then you probably don't need to invest in a picking service.

Keys to Picking the Right Handicapping Service

Once you have decided that investing in a picking service is worth it, it is not time to decide which service is right for you. There are plenty of legitimate services out there, but there are probably about ten times that many scam sites. We're going to give you some pointers in how to spot a keeper, and how to dismiss the scam.

Is That Service a Scam?

• Does the service guarantee that its picks will be winners? Even rookie bettors understand that there is no such thing as a guaranteed winner. Steer clear of sites that offer these picks.
• Does the service post their picks at the start of each game? Sites that don't do this may still be legitimate, but be careful. Anybody can post winning picks after the games have ended.

Other than following these two points, you need to rely on your common sense to spot the scams. If a service sounds too good to be true then it probably is.

Which Legitimate Service Should I pick?

After concluding that a service is legitimate you must look at the cost-benefit ratio of each service. If you can only afford to place $1 bets then you will obviously be more concerned with the price of the service than the projected ROI (return on investment). However, if you are placing $10,000 bets then your only real concern is the ROI as the cost of the service will almost nothing relative to the wager size. Most people will fall somewhere in between these two extremes. For all of you that do fall in the middle, it's time to bust out a calculator and figure out which service is going to make you the most money.