The enthusiasm of watching sports can sometimes distract bettors to attaining their financial goal betting on sports.
Mike Tyson once said, “Everybody has a plan, until they get punched in the mouth”!
I’ve broken down some numbers to show you why it’s important to have a disciplined money management system or you will be on the receiving side of Mike Tyson’s right hook to the temple.
If you follow the Raymond Report Sports Betting System, Ron breaks down how he utilizes two different betting strategies and how you should keep everything in perspective when it comes to betting on sports.
As you can see from the figures below, a $5 bettor who makes 20 wagers at $5 per wager using the 11/10 rule, which means you lay $11 to earn $10 on a winning ticket.
At a 40% winning percentage, the $5 bettors are down $15. Not bad right, but wait, the average bettor can make 20 wagers in one weekend in October!
Breakdown using a Friday, Saturday, and Sunday weekend in October.
Typical Weekend Warrior
- Friday: 2 NHL Bets, 2 NBA Bets, 1 CFB Bets, 1 MLB Bets
- Saturday: 2 NHL Bets, 2 NBA Bets, 3 CFB Bets,
- Sunday: 2 NHL Bets, 2 NBA Bets, 3 NFL Bets
$5 Beer & Pizza Money Bettor in 1 Weekend (3 Days)
- 40% Winner = $-15.00
- 50% Winner = $-5.00
- 55% Winner = $5.50
- 60% Winner = $16.00
$25 Beer & Pizza Money Bettor in 1 Weekend (3 Days)
- 40% Winner = $-75.00
- 50% Winner = $-25.00
- 55% Winner = $50.00
- 60% Winner = $100.00
$50 Beer & Pizza Money Bettor in 1 Weekend (3 Days)
- 40% Winner = $-150.00
- 50% Winner = $-50.00
- 55% Winner = $55.00
- 60% Winner = $160.00
Sports Investor with Patience (18 Days)
*Note: Using the 11/10 rules.
- 10 Picks ( 8 days) = $1,650
- 20 Picks (18 days) = $2,260
Bottom line, determined whether you are a “Weekend Warrior” with a bankroll you can afford to lose or a “Sports Investor” with patience.
About Sports Handicapper Ron Raymond
Ron Raymond is a veteran sports handicapper going into his 26th season and is recognized as a pioneer in the online sports handicapping industry. In 2009, Ron Raymond wrote a book called “Ron Raymond’s 50 Greatest Sports Betting Secrets” and it is now listed on Amazon.
Follow Ron Raymond on social media:
- LinkedIn: https://www.linkedin.com/in/raymondreport/
- Facebook: https://www.facebook.com/raymondreport
- Twitter: https://twitter.com/ATSstats