Sports wagering can be an excellent source of income generation as long as you follow the basic rule that the most important part of sports wagering is good money management.
It's only once you understand how to implement a good money management system that you will start seeing good returns from sports wagering.
Instead of looking at your betting activities on a win or lose basis, you need to focus on the return on investment that you are making and setting strategic goals that you can continually achieve.
Your return on investment in sports book wagering means that you are seeking to make an overall profit from the amount of money you have spent placing bets, whether that be over the day, the month or the entire sports season.
To keep track on how you are doing, you'll need to record the amount you spend on sports book wagering and also your net wins and losses.
A good return on investment is where your net wins and losses total more than your sports wagering spending.
As far as goal setting in sports book wagering is concerned, if you were to place all your bets with the same odds and for the same amount, you would need 52.
4% of them to be wins in order to break even.
That might not seem like all that much, but it's actually a whole lot harder than it sounds.
So then setting yourself a goal of 60% wins over three months would be a good start to increasing your profits from sports wagering while applying good money management strategies.