It is possible to double our money through sports betting. If you say that you wanna doubt your money through dice game then i will not certain with you, because you can double your money or more than it in sports betting, the reason in sports betting we are using your strategy and tricks and win in it but in dice you can't do it. Then i admire that your attempt to doubt money through sports betting.
Doubling the money through sports betting is very much possible but one stand a chance of losing everything when they attempt to make all that money in a single attempt. Trying betting in a lot of games in small portions.
Diversifying the bets? I see it will not work unless on a same sport. For me, we are just increasing the risks on betting on a random sports. In sports betting, you must consider the sports you really have knowledge so that your own idea about the sports will give you reference on your future bets. Not an assurance that you will always win but that is an advantage.
If we are talking about risks here then I will just to used martingale on which Im alway using. Im a NBA enthusiast for years now and my knowledge here help me in some of my bets. I losed sometimes but overall I have a great winning stats.
It's impossible you will lose 5 or let's say 10 times in a row on your favorite sports so martingale will be an effective strategy
(just make sure you care for the odds ; parlays will work too). If on the case that a gambler losed 10 times in a row , then stopped doing gambling lol.
Just make sure you will always on the track , i mean keep doing the same thing as planned when you do martingale on sportsbetting.
I have experienced being overconfident to do exactly what you do on placing bets for the favorite team / dominating team , indeed they have an impressive statistics and at some point i go allin but then things goes wrong unexpectedly , i lost everything include what i have achieved before. Greedy ruin everything.