Investment is something that you do at present to get a return in future. Traditionally, investing is related to finance and wealth creation. You might have invested your legal tender in some or other way.
Bank Saving account and FD (Fix deposit) are the most prominent and common ways of investment in which you get an average interest of 7 to 8 per cent.
One such type of investment is sports betting, where the return interest is not fixed. It depends upon the type of sports, and the total wager contributed by the bettors.
The concept of Sports betting was inspired by the share market. We all know that the share market is the place were buying and selling of stocks take place.
The only difference is, gambling is a game of predictions wherein the bettor wins if the assumption goes true.
Why invest in Sports betting?
Spending money on betting is just like catching a fish. One must have patience and self-confidence. Normally, every bank gives 7 per cent of interest on savings account and FD’s. The rate of inflation is around 8 per cent.
However, if you compare the ratio of interest rate and inflation, you will find out that the amount you are saving is equal to the amount you are spending. This can prove loss-making to many investors.
One can win an acceptable amount of profit immediately after the sports event gets over. However, it depends upon the type of sports and the number of players. If the sport is played between two teams, then you have to wait for the outcome.
In these types of investment, you don’t require to register in any official document or a dedicated account like the one used while trading stock exchange. Although there is a chance of losing all your investment in just one move, there are certain risk factors involved in sports betting. To avoid uncertainty, one must follow the below-mentioned strategies.
Outline to avoid the risk
It’s a universal fact that nobody can precisely predict the future every time. To make your prediction more accurate and reliable, you must stop guesstimating. Instead, one must predict the winner with regards to the data and statistics available. You can also check the past game performance of a team or player.
Still, if you don’t want to take the risk of losing your huge capital, you can try another strategy! An individual can fund a small segment of the amount in more than one sports event at the same time. This strategy is known as ‘Portfolio investment’, where investors can select multiple options to induce their money.
The portfolio method is mostly used by gamblers who have just started with their betting profession. One can limit the amount of loss even if he/she faces a loss against any event.
Considering the strength of the opposite player is a key to win any bet. Judging your opponent with respect to his experience and knowledge is very crucial. This helps in making a prediction accordingly.
