Day 29 - First tastes of success with Sports Betting in the Million Dollar Experiment Down Under ~ Make Money Fast - The Million Dollar Experiment Down Under

Saturday, November 11, 2006

Day 29 - First tastes of success with Sports Betting in the Million Dollar Experiment Down Under

Both our bets came through over the weekend, hopefully the beginning of a bright future earning additional money via "Smart" Sports Betting.

Houston beat the New York Knicks, and Clistjers won the tennis. In all only a profit of 90 cents however you would need to put your ten dollars in the bank for a year to get that kind of return.

The big question is how often to big upsets happen? If you bet 10 times at odds of 1.10 it only takes one loss to lose any money that you have gained, so it would be interesting to know if for example big upsets happened at least 10% of the time or less often than that.

Also some sports must be bigger risks than others, if for example you are betting on a tennis player and they happened to injure themselves you can easily lose your money. However this is less likely to happen in a team sport.

What are the best safest sports to bet on? It would be interesting to know if there are any statistics anywhere which showed the average percentage of upsets in a particular sport. If anyone knows of such a site please let me know.

Other avenues of income appear to be very quiet at the moment, we are however hoping for a more productive week ahead.

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