Sports betting as an investment

Making Money by Betting on Sports

Most people think that sports betting is about finding 'sure things,' but in reality such 'locks' are nothing more than gamblers' fancy. Just as in real estate, currency, stocks, or any other speculative market, 'sure things' simply do not exist. As a professional sports bettor, my goal is to find and exploit many small edges over a long period of time to earn a compounding return. Winning 56% of games is very significant, and with very conservative bet sizing, you can grow your return very quickly. Investing $10,000 into the stock market for a year and earning a 10% return is considered a great investment - but over the past 10 years I have averaged a 73.0% return each year on my NFL, NBA and NCAA football and basketball picks. (With 10% juice already factored in).

If you had invested $10,000 in my picks each year since 1999, you would have seen an average profit of $7,298 per year. Furthermore, if you had invested $10,000 in my picks in 1999, and had let your winnings compound weekly without removing any profits, you would have turned that $10,000 into $349,112 in ten years.