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Sports Betting - A Primer
It really amazes me how so many people cannot understand a sports betting line and yet they still continue to pour a lot of money into sports betting. I am going to explain to you how to understand a sports betting line so you will have a huge advantage over those that do not. For example, here is a MLB betting line-
Seattle Mariners +300
New York Yankees -280
This means that the New York Yankees are much more likely to win the game than then Seattle Mariners. I have personally spoken with many that thought the opposite. What this line means exactly is that if you placed $100 on the Yankees and they won, you would win only $28. And if you bet $100 on the Mariners and they won, you would win $300 in profit. You would stand to make a great deal more money by betting on the underdog. But of course the underdog is much less likely to win.
You need learn how to study these lines and quickly analyze them to figure out where the good bets are. Understanding these lines is a necessity if you want to have success as an online sport better.
It can take some time if you are trying to learn all of this through experience. Or you can do what I did and learn from those who have already produced massive success. You do not have to learn the hard way and go through years of trial and error. There is a faster easier path.
How to Win at Sports Betting
Many online "investors" decide to bet on sporting events & specific games because, let's face it, there's a lot of money to be made in a very short period of time if yu place several large bets for a winning team. People with a lot of money to invest have made hundreds of thousands of dollars in one day from placing bets on a single event. While the returns can be large, the risk is substantial to say the least. Chances of winning a specific bet on a sporting event are usually no better than 50/50 even if you have done your research and fully understand the strengths & weaknesses of each team.
Along with sports betting, there's another type of investment online which offers large returns but also involves high risk, the Forex market.
The Forex trading market has a trillion dollar daily turnover, with people making money 24/5(the Forex market is only traded 5 days a week). Forex trading involves trading one international currency against another. While there's always the potential for loss, the amount of money that you can make it truly limitless. Many online investors choose Forex because of the ease with which you can trade even during a bearish market.
Which One is Best For You?
Whether you should bet on sports or trade in the Forex market really depends on you as an individual. Here are some simple comparisons that will help you make the decision.
1.) Sports betting always poses a 50/50 risk while Forex trading allows you to spread out your risk, allowing you to lose some trades but make money as long as you win the majority of them.
2.) Forex trading can be done with trusted brokers who are regulated by specific countries. Sports betting sites are generally more free &, while there are regulations in place, these regulations are generally not very strict so you have to be careful which site you're using to place your bets.
3.) In sports betting, your money is always in someone else's hands. Even if you have been betting on sports for years, whether you make or lose money solely depends on the outcome of the game. In Forex, you can learn trading strategies, gain experience following trends of use a Forex signal service to greatly improve your chances of success.
Sports betting & Forex trading can both be very profitable. Using these steps, you can choose the type of investment that will give you the best chance at success.
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