Don't worry if you're starting small, this will be scaled up intelligently month after month as profits accumulate. As mentioned above, the important thing is to make sure you have the available cash flow when needed so you can keep on accumulating profits.
This second part of the money management technique is the one that’s putting the Sports Betting Reinvented formula in overdrive. Scaling your “per win” amount in reference to your working capital (available money in your sportsbooks) simply catapults the profits of each and every season to whole new heights. This is what we call our SkyROIcket scaling technique.
The SkyROIcket scaling technique can be compared to the power of compound interest in the times where we could get real return on our money (not 1% - 2% as we’re getting now!). At the same time, you’ll be able to profit from what we call Other People’s Money. After a certain period of time into the season, you’ll very often have made enough profit for covering your initial investment of the start of the season.
From then on, all the money coming in can be considered as Other People’s Money. That won’t change your approach, but we just want you to realize that from that point on, you’ll be using those profits in conjunction with your own capital investment, if you choose so, for scaling your revenues.
That’s the best way for making sure you’re getting the most profit from the amount of cash you have available while respecting your cash flow needs.
Here’s how SkyROIcket scaling technique works:
This is really powerful stuff. Even if your new “per win” amount is only say 10% more than the previous one, you’ll be ending up with way more than 10% of your initial amount. What you have to understand here is that you were getting a certain amount of profit for every win; let’s say it was $100.
In the initial period that $100 “per win” profit generated a 10% return on your initial investment. For the next period, you can afford going to a “per win” profit of $110. Let’s keep everything equal for the sake of this example and assume you’ll make the same 10% during the second time period.
This will be 10% of the new amount you had at the beginning of the period which is 10% more than what you had initially invested as your starting working capital. If, for instance, your initial working capital was $5,000, 10% more after the first time period gets you at $5,500.
We said you’ll make another 10% for that second time period, that’s 10% of $5,500 which is $550. It sure is 10% of $5,500, but the real amount of money you’ve invested to begin with is $5,000. The real return on your initial capital is then $500 for the first time period plus $550 for the second, totalling $1,050. In percentage, your real ROI is $1,050 / $5,000 =21%, not 20% and it scales even more from there.
That’s the power of the SkyROIcket scaling technique. The nice thing about it is that you haven’t worked a single minute more over that second time period as you did in the first one. In the business world, this is called leverage.
With this scaling technique, not only are you leveraging your time, but you’re also leveraging Other People’s Money. This is how real big money is made in this world. Just keep on getting a 10% compounded ROI and you’ll really be amazed of the amount of money you can rake in over time.
Even if you’d have to pay $500 a month to get the picks in which, by the way, the other three cornerstones are already part of, it would be a heck of a bargain. You would include that monthly cost in your total operating costs and you would still be profiting big time, more and more each and every month.
But rest assure, you don’t have to pay $500 a month to get those top quality picks together with the other cornerstones. It’s way cheaper than that. We have a special deal for people reading this ebook:
For those of you wondering if this can be scaled up to interesting proportions, we can tell you that one of the sportsbooks we know, which is listed in the sportsbooks document mentioned above that you can download for free is accepting wagers up to $20,000 for a single baseball game. This means that, for instance, for a game where the team you’re selecting has odds at -125, you can wager $20,000 for a potential profit of $16,000 on that single game with only that one sportsbook.
If you ever reach that point and feel like it’s not enough for you, you still have a couple of solutions. Knowing that this limit is only with one sportsbook, having 10 or 15 accounts with other sportsbooks would allow you to go up to incredible potential amounts per day, even if all bookmakers are not accepting up to $20,000 per game, you could easily wager up to $3 million for a single day.
If, at that point, you’re still not satisfied with your income, you can also ask bookmakers if they would accept wagers above what they state as the maximum on their website. Most of them will ask you up to what amount you intend going and tell you to call back in an hour. They’ll take the necessary measures for offsetting the amount you want and normally say yes to your enquiry. Have a look at the following section entitled “How Sportsbooks Make Their Money” for a better understanding.
There’s virtually no limit to where you can go with this kind of operation. Just stay down to earth and tell yourself that you don’t really need to earn $250,000 a day for making a good living.
Managing that kind of money including all the family problems it can bring would be the material for a 1000 page hardcover. Just aim for twice the amount you initially think you need for living the life of your dream and you’ll be fine.
Just be careful, you might get there sooner than you’ve ever thought if you just motivate yourself the right way and keep emotions, feelings and greed aside! And please don’t forget to give some of that money back to worthy causes of yours when you're there.