Which is it? Sports Betting or Sports Investing
Inspiration has struck me today. Maybe it’s because I am going back to the gym, clearing my mind and getting ready for the NFL and NHL season. Or maybe it was an email I received about how this particular person wants to get back into “ sports betting ” Possibly, it’s a combination of both. Either way, it’s time I open up on how I started in the sports handicapping business. Hopefully, from there you will get a much better understanding of not only myself but my business model here at Pucking Hockey.
I grew up just outside of Philadelphia in a small town but in quite a large county. I started playing baseball at the age of 5. It lasted for about 1 season if that. The sport was simply too slow for my fast paced mind and physical energy. However, I still watched baseball on TV as an aid of relaxing. Studying the sport.
At the age of 8, that’s when I first started ice skating. I was a natural and ever since then I never stopped. Even up to this day I go to the gym and play open hockey. Like life, my hockey career flew by.
During those years of playing, watching puck and watching baseball, I started to watch football around the age of 12. I wasn’t impressed with the sport, but I was impressed with how smart you had to be to understand the schemes each team threw at their competition. Unfortunately, I didn’t have the size to play. So much like baseball, I watched/studied the games.
I am now in HS. I grew up with 3 close sports fans, and we would always argue about who will win and why. In all three sports of course. Finally, I saw an opportunity to prove myself. We didn’t bet money (we were HS kids, we didn’t have money) we simply wrote our picks on paper and went from there.
There was 1 rule. No college sports allowed.
Me being a huge hockey fan and player, I immediately started my “sports betting” career with hockey picks. And on the weekends I occasionally threw in 1-2 NFL picks. During the week my “sports betting” slip would see 2-3 baseball picks, if that.
When every Tuesday came around (during any sports season the weeks ran from Tuesday-Monday), we were ready to show our skills off.
The first few weeks I limited my picks between all three sports at around 8-10 picks per week. As for my friends they had over 20 picks per week. They easily out capped me in the percentage department. Upwards of 75% some weeks.
It was ridiculous and very shocking. As for me, I had a consistent winning percentage between 56%-59%, but nowhere near the winning percentage, my friends had coming in nearly every week. I took a lot of mental abuse then decided to make a change.
Finally, I asked if we could add betting amounts to our picks with a limited bankroll of $1,000. Monopoly money, of course, LOL. My friends agreed, and it was on from there.
My friends lost their monopoly money within 1 week. All three of my friends bet their entire bankroll during that first week. They picked all money line favorites in both hockey and baseball, which lead to them losing more money when those picks lost.
Let’s say you pick 3 money line favorites at -180. And you want to win $100 on each pick. The final betting amount combined is $540
- Philadelphia Flyers risking $180 to win $100 (win)
- Montreal Canadiens risking $180 to win $100 (win)
- Boston Bruins risking $180 to win $100 (loss)
For the two wins, you receive your initial bet back ($180) and the $100 profits for each win. Equaling $560 (you are now showing a profit of $20)
For the single loss, you lose your initial bet of $180 (Boston Bruins). Not only losing your $20 profit, but also a loss of $160 from your original betting amount of $540. You are now sitting with $380 even though you showed a winning percentage of 66%
This is why I implemented betting amounts into our competition, simply because it’s money that’s on the line, not a winning percentage…
Back to my Story
This was when I finally beat them with my limited picks and no money line favorites of -120 or higher. While still maintaining a bankroll of now over $1,000. This was when I opened my friend’s eyes to money management and a motto I still use to this day
QUALITY NOT QUANTITY
At first, they argued “well, if we flat bet all of our picks we would have made more money than you” I explained back, no, it all depends on the money line odds you pick in baseball and hockey.” Which they always picked the -180 or higher favorites. As most “sports bettors” do every day. And as you could see with my example above, does not work in this business.
By the end of the NFL, MLB, and NHL season I was very well past my initial $1,000 bankroll. Still showing a winning percentage ranging between 56%-59% monthly.
In 2010 I started Pucking Hockey as a hockey service only. Since then never having a losing season (profits). Then in 2012 I added the NFL, never having a losing season (profits). Finally, in 2014 I added baseball continuing with profits.
Which by the way are all documented on Twitter. All of my picks are tweeted on Twitter 5 minutes or sooner before the games start. I tweet my initial email sent to my clients, showing the email time stamp of when it was sent out.
Which now brings me to the point of this whole article.
I do not look at it as “sports betting” I look at this business as Sports Investing. Most stock investors check their profits quarterly. I check monthly simply because I noticed a trend that I never have had a losing month.
Losing week(s) yes of course.
Money management is key in Sports Investing. Along with patience, not being greedy and staying away from the heavy money line favorites. Anything higher is a recipe for destruction.
I pick and choose my battles, not attacking every possible battle that comes my way (sports games).
Last point, yes with a consistent winning percentage between 58%-60% (which I have done since 2010) you could also flat bet all my picks and still make a profit. There is no denying that, you could do that with any service which consistently shows a winning percentage. As long as they stay away from the massive money line favorites!
However, it takes just one week of picking over 20 games and having most of them lose. I have seen it time after time, and this is when the “sports bettor” starts chasing their losses.
Quickly becoming broke.
Once you start looking at this business as Sports Investing and not “Sports Betting” you will truly then, start making monthly profits with me here at Pucking Hockey. If you risk/invest exactly as I say with my picks, you will make profits. It’s that simple.
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