There is no doubt that American football is one of the most entertaining sports to watch. But how interesting it is for betting? Well, the NFL is no fun if you lose all the time. The good news is that there are some ways that can help you make a profit off your NFL betting adventures.
Actually, with a good betting strategy, you might even be able to make a living out of your hobby. There are plenty of professional punters out there who make more than a comfortable living out of betting. And you can become one of them!
Pay Attention to Your ROI
If you’re going to look at NFL betting as a proper business, you need to adjust your expectations. You shouldn’t expect your ROI (return on investment) to be extremely high. The chance is it won’t be and that might make you feel disappointed. But the thing is that even if you make a profit of 10 percent after the NFL season is over, you should be more than satisfied.
According to financial experts, a reasonable return on investment is between 5 and 12 percent per year. And you can achieve the same in just five months! So, if you invest $10,000 dollars on NFL betting in September, you should expect to have a total of $11,000 in February. That’s much more than you would get if you invested in a franchise business or if you put that money in your bank saving account.
Still, even though it’s more than what you’d get from investing in other stuff, you might not feel that it’s worth risking $10,000 to earn a thousand. The good news is that there are some ways through which you can boost your NFL betting profits. And we’re now going to discuss some of them.
Find Profitable Odds
When long-term betting is concerned, odds can play a really big role. Seemingly small difference between odds can mean a huge difference when profits are concerned. What this means is that one of your most important tasks is to find sites with the best NFL odds.
A piece of advice is to look for them offshore. The thing is that American books usually have a high profit margin, meaning that the house wins much more than what the players get. And that’s something that’s achieved by offering odds that aren’t too favorable for the players. This is why the best NFL betting sites (when odds are concerned) are those based offshore.
Be Faithful to Your NFL Betting Strategy
There are plenty of betting strategies you can choose from. Some promote betting big on favorites, others suggest betting small on large underdogs. Depending on your own preferences, you might choose to bet a quarter of your overall budget on a favorite with the odds of -400 or bet only 2-3 percent of your betting budget on underdogs with odds of over +250.
Whichever strategy you decide to use, it’s important to stick to it until the end of the season. Relying on mathematics is what NFL betting strategies are all about. Of course, this doesn’t mean going against common sense. Applying your NFL knowledge to your betting strategy could be the key to success.
Make Use of Your NFL Knowledge
A big mistake NFL bettors make is trying to use their knowledge of the sport to find winning bets. But the trouble is that this championship is one of the most difficult to predict. Even the best handicappers on the planet end up winning only slightly over 50 percent of the time.
Using your NFL knowledge to find winners is not the wisest thing you can do. You got to use your knowledge to spot upsets, thus eliminating too risky bets from your betting strategy. If there are many injuries in the squad of the favorite, it’s just too risky to bet on them.
You better leave out that even from your betting system. There are plenty of other matches you can bet on. After all, each NFL round has 16 matches, while the entire regular season has a total of 256 games. That is surely more than enough for you and your betting strategy.
And if you don’t consider yourself a too big of an NFL fan, you can always look for picks online. There are plenty of punters who provide NFL picks free of any charge. Those picks don’t necessarily have to have a 100 percent win rate. As long as they fit into your betting strategy, feel free to use them.
NFL Betting as an Investment
Most bettors think of NFL betting as a get-rich-quick scheme. But the truth is that money doesn’t grow on trees. Instead, you better look at betting as an investment that’s not going to bring huge profits straight away. If you want to be successful in NFL betting, you will have to be patient.
You shouldn’t expect to double your money just after one NFL round. To do that, you would have to bet all you got an odds of at least +100. And that means taking a lot of risks. Rather than trying to get rich instantly, you need to take it slowly in order to reduce the risk.
The NFL season starts in September and ends with the Super Bowl in February, meaning that you got five months to make money off betting. The trouble is that most people are impatient – they don’t want to wait till February, they want profits right away.
Most bettors would rather rely on luck to get money quickly rather than use an elaborate betting strategy that’s almost guaranteed to bring profits in the long run. And the result is that most of them end up losing.
Actually, it’s estimated that more than 95 percent of all bettors end up losing. Only a tiny percent of them manage to break even, while an incredibly small number of them actually make money off it. In order to get yourself in that group, the most important thing to remember is not to rush anything.