For those of you who sportsbet seriously....

what % of return do you like to have on your money. Say you put 5K in action a day, what % would be a good return.

I have always over bet my bank, but have since took a more logical approach.....which is: get the most money down on the favorable games and quit betting just for the action. i have also cut my limits. this has since worked great.

i use to look for the 50-100% return on my money each and every bet, but it does not happen that way. I know look for a return of about 4-6% of what i wager.

sports, and gambling can be brutal if you do not have control, and i have been way out of control to long. it's time for a change, and i am doing my best to become a profecient handicapper, and next i work on my spelling.

another thing, i know my post don't mean much, but i am happy to have found this board, and i learn more and more each day.

later

First off, I hope you continue to enjoy the RX.

About your statements, consider the following.

If you were to hit 55% of your plays laying the normal -110 vig, you would have a ROI% of 5% on the nose.

Consider making 20 plays at 110-100 and going 11-9 which equates to 55%.

You would have put 2200 in action to make a $110 profit which equates to the 5% return mentioned above.

Hopefully this gives you a sense of as to what a 5% return in sportsbetting may equate to.

Having said that, if you can consistantly return between 3-5% of your money invested yearly in sportsbetting, you will be doing quite well for yourself.

I'm not an expert by any means, but you sound like you are getting on the right track. My problem when I first started was betting big on a game I felt strongly about. But once I lost one of those "sure things," I felt sick. I've done that more than once, but never again. I'm not saying you should never, ever double up on a game, but betting 500 when you're a 100 bettor is just asking for trouble. Of the things I've read, the best advice I can give is to bet 2% of your bankroll on every game and try to hit 55% winners. With 5 grand, betting 100 a game and hitting that magic 55% would make you a lot of money over time. With 500 bets a year, you would make a 55% annual rate of return on your money. ($27,500 won)-(24,750 lost). When I did the math on that the first time, it amazed me. That's twice as good as a great year in the stock market. When you up your bet size the next year to 2% of your new bankroll, the dollar amounts of 55% get that much higher. So it can have a compounding effect, much like the stock market. That being said, 55% is still a challenge for everyone, and sportsbetting should just be a hobby for most of us. And betting more than 2% of your bankroll is not advised, because losing streaks will definitely come. It sure is a fun hobby though.

Bet with your head, not OVER it!

GREAT ADVICE!

Make a plan and stick to the plan. Just because you won a dime today, doesn't mean you have to up your wager tomorrow. Remember what got you to winning.

another question.

are their certain teams you bet on? i have a select number of teams i am watching. also, i very seldom bet a favorite. i usually bet the +110, +130 range

well i went 2-1 tonight, looks like detroit will lose. they have killed me thus far