Can you build a Pension pot from Sport Betting?

by Sean Roberts · 11th December 2021

What is a Pension pot really

If you analysis what a Pension pot it is a tax efficiency way of putting a way of saving money for the future, compounding your money year on year. You also get your employee paying into the Pension pot as well.

Then some fund manager gamblers your money on the stock market hoping to beat some benchmark fund, with the notion that “Your money could go down as well as well up”

Sport Betting for a Pension Pot

Instead of relying on traditional fund managers, why not consider managing your own pension pot through sports betting? This approach not only empowers you to take control of your financial destiny but also offers several advantages that conventional pension funds cannot match.

Benefits of Managing Your Own Betting Portfolio

Cost Savings: By managing your own investments, you eliminate management fees associated with fund managers. This means more of your money stays in your pocket, allowing for potentially higher returns over time.
Real-Time Profits: One of the most exciting aspects of sports betting is the ability to see your profits in real time. Unlike traditional pension funds, where returns are often reported quarterly or annually, you can track your betting success daily or monthly.
Flexible Portfolio Management: You have the freedom to change your betting portfolio whenever you want. If a best tipsters isn’t performing or if you want to explore new markets, you can make adjustments on the fly.
Access to Your Funds: With sports betting, you can withdraw your money whenever you choose, unlike pension pots that often impose penalties for early withdrawals. This flexibility can be crucial for managing your financial needs.
No Withdrawal Fees: Unlike many pension plans that charge fees for accessing your money, sports betting allows you to take out your winnings without additional costs.

Building Your Betting Portfolio

To get started, consider building a diverse portfolio of proven successful tipsters across various sports markets. Here’s a structured approach:

Start Slowly: Begin with one tipster to familiarize yourself with their strategies and performance. This will help you gauge the level of risk you’re comfortable with.
Diversify: Once you feel confident, gradually add more tipsters to your portfolio. Diversifying across different sports and risk levels can help mitigate potential losses and maximize profits.
Tailor Your Strategy: Everyone has different preferences regarding risk tolerance and betting amounts. Take the time to determine what works best for you, adjusting your portfolio accordingly.

Conclusion

Managing your own sports betting portfolio can be a rewarding and potentially lucrative alternative to traditional pension funds. With the ability to save money, see real-time profits, and maintain control over your investments, you can create a personalised strategy that aligns with your financial goals. Start small, diversify, and enjoy the journey of building your pension pot through sports betting!

What is a Safe Fund for Pension pots?

When you look for a fund or stock to invest in for your pension pot, what do you do?

Maybe one or all of the below

Past performance for that fund
How long the fund has been going
How safe is it, are you going to risk everything on Cryptocurrency?
View any losses in the past and recoveries
Fees from the fund managers

I would never advise against a pension pot, that would be stupid but you can build up an additional pot of Tax-free money from Sports Betting if in the UK and some other countries

What is a Safe Tipster

You don’t want to take chances these days with tipsters on emails or social media tipsters or newspapers tipsters, as these do not hold records or are accountable to you.

Safe Tipsters are one where you can

Access the past results of the Tipsters
How long the Tipster has been running
How risky are the bets, betting on longshots
View the profit and losses for the month
Monthly Tipster Fees

All the tipsters I compare on theDailyTipster are verified before the bet goes out, odds are checked for being achievable and all past performance is documented and recorded

Tipster Portfolio

A typical Tipster Portfolio might look like this

Football tipsters that bets on low risk bets and are my top 10
Football tipsters that specialise in BTTS (Both teams to Score market) like Football Tips or Soccerrafa
Horse racing tipsters that bet on low odds like Horse Racing Stable Income or GV Early Alerts
Baseball tipsters such as Super Sport Capper

So if you had these 5 tipsters in your Portfolio how much would you have made this Month Dec 2021?

See below for the results

Tipster	Average Monthly Profit
Football Tips	£817.50
Soccerrafa	£1029.42
Horse Racing Stable Income	£925.50
GV Early Alerts	£255.83
Super Sport Capper	£185.75
Total Monthly Income	£3114

With a Portfolio of Tipsters you could make £3114 a month with only 5 tipsters
thedailytipster Dec 2021

Betting to suit your day schedule

If you are busy between 9am-5pm you can choose tipsters that will issue the bets late at night or early in the morning before work so you don’t miss out.

All the tipsters I compare, issue the time for the bets and the time you have to get the bets on.

Review every 6 month

You then need to review the portfolio every 6 months to adjust tipsters, maybe one is not doing as well, just replace from another one in the top 10, a bit like a fund that have certain months or times where they don’t work as well.

All well and good you can stick with the exist tipsters you picked without changing them.

Protect Betting Bank

For all this to work you need a betting bank but unlike a pension pot you do not need to start big you can use stakes of £5 to start with and then build up to £25 bets when you bank allows it.

But there are many new punters out there who aspire to improve as a bettor, and make long term profits from sports betting. One big aspect of developing a more professional and success driven attitude towards betting is having a betting bankroll. Here are just some of the benefits of having a betting bank.

Clear differentiation between betting funds and personal finances
Increased accountability and measurability improves discipline
Helps you to manage risk and exposure when placing bets
Combined with tracking bets, it becomes easier to track your success

Here is a step by step account of how to determine and utilise a betting bankroll to your advantage.

Step one – deciding the size of your betting bank

Deciding your betting bank is a very important task that requires careful thought. It’s important to understand that any amount of money you assign to your betting bank is an amount of money you can afford to lose. The easiest way to decide a betting bank it to establish what your ‘typical’ bet size will be. If you want to be betting £100 per bet, a £500 betting bank wouldn’t make sense. Similarly, if you’re betting £5 a time, you don’t need a betting bank of £5,000. As a guide, we’d typically suggest that a betting bank is roughly 20-100x your average stake. The more frequently you bet, the bigger your betting bank should be in relation to your stake.

Step two – where should you store your betting bank?

There are plenty of options when it comes to where to store your betting bank. It can be as simple as putting it with one bookmaker account. But, you’ve come this far, and want to profit from sports betting, so this isn’t the best option. Instead, it’d make more sense to store it in a centralised e-wallet like Skrill, Neteller or PayPal. Why? Doing this gives you the flexibility to quickly deposit and withdraw from multiple bookmakers – meaning you can get market leading prices more often. This will help your long term profitability.

Some people don’t use e-wallets, and instead deposit portions of their betting bank in to multiple bookmakers. Whilst this is better than just using one bookie, it lacks the flexibility of using an e-wallet as it takes longer to withdraw from one bookmaker to deposit to another should it be required.

It’s worth knowing that a betting bank could be hypothetical in a way. If you want a £1,000 betting bank, you don’t literally have to get that money and store it somewhere else. You could start with £300 for example, basing your bets on a £1,000 betting bank and add to it if required. When adopting this option, it’s important to remain disciplined, especially when it comes to tracking your progress.

Step three – managing your betting bank

Now you need a staking plan to manage your betting bank. This helps determine the amount of money that you stake per bet. This can be a set figure or a set percentage (of your betting bank). It should never represent a significant chunk of your overall bank. Typically, it’s no more than 5% of your bank, or much smaller if bets are more frequent. This means that a losing run will not impact your betting bank too significantly.

Another positive of having and sticking to a staking plan is consistency. Staking significantly higher on some bets (i.e. “lumping”) than others can set you up for bigger losses. This tempts many to try and chase their losses, but disciplined bankroll management will prevent this.

Step four – keep track of your betting activity

It’s important you always keep in mind where you started and where you are going. Know how much money you have in your betting bankroll and make an effort to understand if you are betting too little or too much. As your bankroll changes, you may wish to change your stakes, which is fine within reason. It’s important that you track every bet you place so you can make these informed decisions.

These are just the basics that you will help you start your bankroll and improve your success as a bettor. But there is still a lot more to learn, and you can read in more detail about bankrolls, bankroll management and the staking methods that you can use right here.

To conclude, employing a bankroll method will improve your success as a bettor for many reasons. It will help instill discipline, from more sensible staking to taking more pride in your bets and avoiding the urge to chase losses. It may also let you know where you need to improve as a bettor. A bankroll will help reflect your true performance through return on investment, or in some cases ROC, and you will be able to identify your most profitable sports, leagues or betting markets. Always remember that you’ll want to keep your betting bank entirely separate from your personal finances as that’s a bad betting systems that can lead to damaging losses.