It is truly amazing the lack of respect professional sports betting enthusiasts receive from other industries. Despite, spending the time to basically calculate risk management the same way a hedge fund operator or stockbroker does to earn their living, bookie software agents are often frowned upon by other white-collar professions. Today we’ll look at why sports betting is as much as an investment, as buying stock on the New York stock exchange.

Being a good stockbroker is as much about making a personal connection with clients or businesses, as it is about properly researching, to provide you with the best odds to buy or sell a specific stock. In the sports gambling industry, handicappers, spend as much time making connections with bookie software sites, as they do reading the daily line in the local newspaper. In other words, the handicapper, is looking to make connections, so that when he or she places a bet on the number five horse at 80 to one odds, they have an inside edge that will allow them to make a profit by the end of the day.

Comparable to the stock market industry, the sports betting industry is about playing percentages towards everything. For the average handicapper, if they can win between 45 to 55 percent of their NFL bets, they are considered the top of their industry. At the same time, a stockbroker who can sell five out of 10 stocks is laughing, because they have made a profit on half of their selections for the day.

Sports betting in fact is a better investment then the stock market, because of the amount of return on your wagers. For instance, in the earlier example of taking a horse with odds of 80 to one, you could stand to make between double to 100 times more money on the line, depending on how much money you put down. On a stock, you have to wait a few days, even weeks to make a significant profit.

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