Online Betting As An Investment

A couple of my subscribers mentioned to me that I didn’t post my usual image of the bet I placedĀ when I wrote the post on how online betting investmenteasy it was to place a bet with Sportingbet. When I wrote back to them that the reason there wasn’t an image is because I did a video in place of the regular image. Honestly guys, you need to watch the video. šŸ˜‰

One then wrote back and said how my win was a pretty good investment. To tell you the truth I’m not comfortable using the term investment and online betting together. This is all to do with Responsible Gambling.

Online Betting Not An Investment

Guys, no matter how you look at it online betting is not an investment. Betting, whether it’s online or not is gambling. Because it’s gambling you should never bet more than you can afford to lose. I say this because it was brought to my attention that particular bet returned more than 50% on my original investment.

Now, there is a difference between and investment and a wager. Lets just say that I put that $10 in the bank at 4% interest. At the end of the year I would have $10.40. Some would say that was a pretty poor return on my initial investment and while that is true the biggest difference between that investment and a wager is it’s always there.

Sure, because I won the bet my original $10 wager earned me $15.50, a 55% increase. And yes that is a bloody good return, especially because I got it in about a week. But gambling being what it is I could just as easily lost that bet meaning I would end up with nothing. That would have been a very bad investment. At least if I left it in the bank I would still have something at the end of the year/

This is why it is so important to only bet what you can afford to lose. That way even when you lose it won’t affect you financially and it won’t ruin the added excitement from watching the game you bet on.

Gamble Box Metal Piggy Bank

Even though this site is all about Sports Betting, every now and again I like to cover other sorts of gambling. Especially if it will help you to hold on more of your winnings. The Gamble Box metal piggy bank is designed to help you hold onto your winnings when you go to places like the casino. How often have you gone to the casino, won some money only to feed it back to the slot machines or on one of the many games, like Black Jack or the Roulette or something. I know I’ve done it on more than one occasion šŸ™

While responsible gambling is all about not spending more than you can afford to lose I reckon helping you to hold onto your winnings should also fall under the responsible gambling umbrella. That is exactly what the Gamble Box is designed to do.

Gamble Box – What Does It Do?

The Gamble Box is aĀ Metal Pocket Sized Gambling Casino Piggy Bank. It’s designed specifically to stop the addictive urge to gamble away your winnings. Wouldn’t it be great to actually leave the casino with money in the piggy bank? Of course it would. The Gamble Box is sturdy and pocket size. You take it with you to the casino leaving your keys at home.

When you go to the casino you take the pocket size Gamble Box and whatever money you’re prepared to gamble with. They recommend to take $20 bills. Whether you’re on the slots or playing Black Jack as soon as you win some money you place the corresponding amount into your Gamble Box. Because you haven’t got the keys your winnings will stay there until you get home. This means rather than getting home with empty pockets you have your Gamble Box full of your winnings.

Use theĀ Gamble Box to lock up jewellery, rings, credit cards and naturally cash. It can hold 4 credit cards, 20 cash bills, a few rings and a necklace and bracelet at once. Fits great in small places so you can hide it from prying eyes.

Naturally you’re going to want to hear from some actual owners of the Gamble Box before wanting one of your own. You’ll notice it comes with some great personal reviews.

Gamble Box

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Just to finish off I’ve found a little video about the Gamble Box.

How Much To Bet On A Sports Bet

How Much To Bet?

I’m sure there are a lot of people out there who want to know how much to bet on any given sport. For me betting on sports is more for fun than anything else. If I win it’s all good but if I lose I’m not too fussed as win or lose, it added to the thrill of the game. Whether you bet for fun or profit you should always remember to gamble responsibly! Therefore you should never gamble more than you can afford.

I know that I’m never going to become rich with the amount that I wager on sports but then I also know I’m not going to go broke and how much to betthat it won’t hamper my lifestyle or threaten the way my family lives. If you’re thinking of getting into serious betting you should remember that the odds always favour the bookie. It’s not often that the bookies have a bad day which is probably why the day bookies lost Ā£25 million. This is a rarity.

If you’re a regular reader of this blog you know that I allow myself $40 for the month. You may want to set a bigger budget for yourself. As long as you don’t exceed that budget you will never get into trouble financially. Remember my betting strategy is all about the entertainment value of the bet. If I wanted to take a more serious betting stance I would have to raise my betting pool. So how do I do that without blowing my gambling budget?

After thinking about this I thought the best way to do it would be to multiply my $40 monthly budget by 12. This gives me a yearly budget of $480. I reckon I would add another twenty bucks to that to make it an even $500. This will give me more money for my online sports betting. I would deposit $500 into one of my favourite online betting agencies, either bet365 or Sportingbet, taking note of the time of the deposit so as to give myself a year before the next deposit.

So now I have more betting money for my betsĀ meaning I can place larger bets but how do I manage this to make it last as long as possible. Again, how much to bet on any one game? What if I only allow myself a percentage for each bet? Lets say 5%. That means I can place $25 on my first bet. If I lose I’m left with $475 so for my next bet I’m allowed to bet $23.75 (475×5%). However, let’s say that my first bet paid off and it paid 2.6 (my England vs Italy World Cup Wager) winning me $65! That lifts my betting pool to $540 ($475 + $65) This means I have now have $27 available for my next bet.

Of course, you may be interested in a way to increase your betting bankroll by becoming a new member of one of the following.

  • Sportingbet $500 Free Bet: If you meet the right criteria Sportingbet will match your deposit up to $500 giving you a $1000 bankroll doubling the size of your wagers.
  • bet365: Already a member of Sportingbet? The why not join bet365 who will match your deposit up to the value of $200!
  • Tomwaterhouse: Not as good a deal as the other two but they will match your first bet up to the value of $250.

Keep in mind that being a member of more than one online betting agency has certain advantages. Like taking advantage of any special deals they’re offering or checking who is offering the better odds and placing a wager with them. Also if one is down for whatever reason you can fall back on the other one to place a bet.

As long as I don’t lose consistently I should be able to make my budget last the year and with some luck I may even have some left over which will add to next years gambling budget. What do you think of that idea? This could well be your next sportsĀ betting strategy,