Put Your Money to Work
So, you’ve got a few bucks saved up and now you are wondering where to put it or what to do with it. The interest rates are terrific if you want a loan but they’re not very appetizing if you want a decent rate of return. Savings accounts are currently bearing about half a percent on your money which means if you have managed to scrape and scrimp $10,000 then you can kick back and watch your bank account balloon by a whopping $50 after a full year!
No, that’s not going to work but there are a few other ways to take that cash and make it work for you. Let’s take a look at one of those options in particular and see if this is right for you!
Don’t gasp, this is for real because contrary to popular opinion the house doesn’t always come out on top, especially when the odds of winning are 50 percent on every event, excluding proposition bets. But that’s another topic for another day.
Yes, you can make your money go to work and you can do it through sports betting as long as you have discipline, money management skills, and the desire to put in the due diligence to make an informed and educated decision regarding which sides or totals to bet.
One of the golden rules of sports betting is to make sure you are using reliable, trustworthy, and proven online sportsbooks with a history of timely payouts. You must understand that not all sportsbooks are the same and many will make it easy to deposit but impossible to withdraw.
When you win, you want to get paid at your convenience and without any headaches so make sure to do your homework and research the A+ rated sportsbooks. There are sites out there that are dedicated to an independent review of these books based on customer feedback, as well as surveys, concerning the timeliness of payouts, customer service, ease of navigability, dashboard layout, betting options, betting limits, and quantity of available events in which to wager.
Moreover, make sure that you set aside an amount that will not destroy you financially if everything goes wrong and the entire bankroll is lost. It can happen in the stock market and in your financial portfolio so always make certain that you bet with your head and not over it. No wager should be more than five percent of your bankroll with many experts advocating only one percent per wager with all bets being the same amount.
Additionally, there is no need to bet every day, you must choose your spots wisely and limit the number of wagers to no more than two or three per day. In a traditional point spread sports bet, as opposed to a money line wager, there is a standard 10 percent commission that you must pay to the bookmaker for the privilege of being able to bet what you want. In the sports betting parlance, they call the commission the vigorish, or simply, the vig.
One of the most prolific sports bettors in history is Billy Walters, a living legend in the world of gambling and sports betting more specifically. This is a quote of his that can serve the neophytes well, “I know what every sucker thinks because I used to be one. I can assure you that every successful gambler I know has been through some monumental failures on his way to getting there.”
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">William "Billy" Walters, a longtime renowned professional sports bettor, had his sentence for an insider trading conviction commuted by President Donald Trump on Wednesday. <br><br>Phil Mickelson was among those who supported Walters' commutation. <a href="https://t.co/KqfPel6Yfj">pic.twitter.com/KqfPel6Yfj</a></p>— David Payne Purdum (@DavidPurdum) <a href="https://twitter.com/DavidPurdum/status/1351876069360607232?ref_src=twsrc%5Etfw">January 20, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Also, when choosing a top-rated sportsbook, make sure to choose more than one so that you will find the best lines available and not be relegated to taking what could be a terrible line that could be the difference between covering your wager and losing it.
And lastly, whatever you do, please do not take your friend’s advice and use his sportsbook because he likes it. What he might not be telling you is that he bets for fun and doesn’t do it very well. That presumes he keeps funding his account but never withdrawing. A sportsbook is only as good as how quickly they pay you. You should realize that some books don’t pay at all so do your research and find the industry’s preeminent sportsbooks with which to wager because it’s one thing to sweat the game but never the payout.