Since current is stronger near surface, you should also try to dive as deep into water as possible. You should try to go to bottom and use your arms as a help for pushing your body and moving on easier. While being at bottom, you should also take advantage of natural features such as crevices or bottom gaps if you wish to take a second to rest or to evaluate your environment.

Anyway, back to purpose of this article. It is well and truly possible for anyone to become a successful and highly profitable gambler.

As we saw above, there are two choices that you could make. One requires years of study to develop required specialised knowledge to allow you to become successful; second option can be thought of as being easier path.

Just as you may well pay a financial advisor for their advice, you have option to pay an expert in gambling for their betting advice. Doing so will leave you as purely a manager of your investments.

If you have ever been to a financial advisor, you will realise that they love their pie charts and love to talk about diversification and asset allocation. They split your total investment wealth up into different areas with aim of reducing risk.

Well consider doing something similar with gambling. There are a number of excellent sports/racing services which show high returns and have been showing high returns for a good period. You may like to build a portfolio of gambling investment options based around good services. How you allocate your resources for different services you may use is up to you. For example your gambling portfolio may comprise of two horse racing approaches, two tennis approaches, one AFL, one NRL and one Super12's for example.

After sourcing your betting information from a service, you have task of managing your portfolio to maximise rate of growth of your bank and to minimise your risk. For those that take time to look at possibilities of sports betting investment, you can understand why it makes a lot of sense from an investment angle. You invest your money for a whole year in say stockmarket hoping for a standard 10% return. You can make that on every single dollar that you outlay in some sports!

Investing in a conservative manner can easily see you double your original investment capital within one year. Returns unheard of in other 'traditional' methods of investment and yet contrary to what most believe it is unbelievably safe if you find a reliable source to purchase your advice from.

In sports betting you can use mathematics to calculate very accurately worst case scenarios and no, that is not generally a total loss of starting capital. We have a simulation program available on website which you can access from following link Punting Ace Simulation Program which will give you an excellent idea of what you can expect to achieve based on certain criteria.

We also have programs which will simulate your projected performance based on certain bankroll settings. To simulate a year of our tennis package, select following link Punting Ace Tennis Simulation or to simulate a year of our AFL betting package, select following link Punting Ace AFL Simulation.

Summary

If you are not happy "putting all your eggs in one basket", why not consider sports betting as an "alternative investment" similar to tree crop investments or hedge funds. Any prudent financial planner will explain to you benefits of diversifying across a number of different markets and investment products. Indeed, investment products such as options and instalment warrants (and to some extent margin lending), are designed to "enhance" your overall portfolio returns and as such, traditional investment advisers may allocate a "percentage" of your overall portfolio to these products.

With risk adjusted returns far in excess of "main stream" investment products, why wouldn't you apply a percentage of your portfolio to sports betting? As your financial adviser will agree, sports betting is not correlated with any main stream investment markets, and indeed given disappointing recent performance of stock market (with exception of last years return of approx 25%) current investment markets are awash with products that are non-correlated to stockmarket. For example, hedge funds, tree investments, caravan park property trusts and chicken farms (yes that last one is actually true). Therefore sports betting should at least be considered as part of a prudent "diversified" investment portfolio.

Sport Betting Investment Steps

1. Decide from day one that you have discipline to follow your plan through and that you will operate in a business like fashion and will keep records and like.

2. Find a reputable information provider for your selections. Remember goal is for you to be only portfolio manager. You don't want to have to come up with selections; leave that to those that have proven track records and are experts in their fields.

3. Decide on how you will divide up your total starting capital over information provider(s)/sport(s) which you have gathered.

4. Now follow through with your plan setting aside time for constant reflection and self evaluation in an attempt to maximise your returns whilst minimising your risk.

Disclaimer - this article is not meant to be taken as offering financial advice. The author is not a qualified financial advisor and as such, cannot give such advice. We advise you to seek independent advice from a qualified advisor before committing any funds.

This article is protected by international Copyright © Elk Publications Pty Ltd February 2005 Please contact jesskirley@puntingace.com if you wish to reproduce this article elsewhere.

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