Gambling Professionally What You Need to Know as a Professional Sports Bettor

01-04-2020

Sports betting is something that many people only see as a form of hobby or as a way for them to enjoy their favorite sports better. It is definitely more thrilling and exciting to watch any sport if you’re also wagering on it.

However, there are actually people who take sports betting seriously. There are those who are already considered as a professional sports bettor. These are the bettors who rely on sports betting to make a living. They get to pay their bills and basic necessities through gambling on sports.

Gambling professionally doesn’t require you to travel to different places and place your bets in different bookies. Sports betting is easier and more accessible these days thanks to the internet. You can easily place your bets online, on different websites and even on your phone with platforms like the Ladbrokes app.

Now, to be considered as a professional gambler, at least 60 percent of your income should be from sports betting. This means that you should be able to pay your bills and buy your necessities with the sports betting money you make.

This may sound like something impossible to some and that’s true. The truth about gambling professionally is that you need to start with a budget and of course, with will and determination. It’s a business that you need to invest in and it is something risky.

With that said, it may not be something for you if you don’t think that you have some money that you can afford to lose. Many professional gamblers have a separate account that they use to gamble and even if you don’t have the budget yet, this is where you could start.

You can set up a different account and slowly fill it up in different ways. A good idea is to still bet on sports and whatever you win goes directly to your gambling account. Eventually, you’ll have enough to start your gambling business.

Now, if you think that you’re ready to finally turn sports betting into a profession, here are the things that you should consider and know about. These could help you become a successful professional sports bettor.

• Know the implications

Sports betting is a risky business and so it’s important that you know the implications. You don’t always win and even if you are on a roll, there will still be that one or a few matches that just won’t end up benefitting you.

While this can be a very lucrative career, this can also quickly drag you down if things get out of hand. You should always have a back-up plan ready in case things are not working for you during a specific season. Always make sure that you still have enough to spend on your necessities even after a few losses.

• Set a goal

Now, your goal has to be realistic and should depend on the money or budget you have for sports betting. This can include how much you want to have by the end of a league’s season. This can also include how many games you intend to wager on. Know that you don’t have to place bets on each game of a league’s season.

• Find the right bookies

It’s really up to you if you want to place bets on multiple bookies. However, finding the best bookie can be challenging since there are just so many of them nowadays. The important things to consider when looking for a bookie are the following:

1. Should be licensed
2. Should have reliable payment options
3. Timely payouts
4. Great customer service
5. Secured website

• Be strategic and analytic

Always take note of the bets that you place so that you can easily track your progress. Online bookies have this feature ready for their customers. You can easily check your previous bets and analyze the results that you get.

With the data you have, you can then be strategic when it comes to improving your next bets. Seeing your betting history should allow you to easily determine what went wrong and what you did right. Your bets should always be logical. Avoid placing bets when you’re emotional. From time to time, you can place bets on your favorite teams, but it’s still best if you have enough reasons for the bets that you place.

• Know your limit and stay disciplined

Running a business means having a budget that you should stick to and the same goes for professional betting. If you only set a specific amount that you can use to gamble, then stick with it. What you shouldn’t do is to keep chasing your losses because that’s basically digging your own grave. Discipline is extremely important to remain in business when gambling.