Can Sports Betting be a Career? – Can You be a Professional?
August 18, 2018
Sports betting can be a very entertaining activity that many people indulge in if it is legal in their country. Sitting at the bookmaker’s, watching games and waiting for the results is a typical afternoon activity for many sports fans.
Can you take sports betting to the next level and earn money from it, make it your job? You certainly can, as many people are living proof of that. There are a couple of precursors to becoming a professional, though.
Getting Ready – Baby Steps
Starting off as a professional can be a very scary thing to do. You should first try sports betting in general, but applying the same principles you would as a professional, without leaving your other job.
The first and foremost thing is to prepare your bankroll. The amount of money you decide to be your bankroll is up to you but you shouldn’t pull any more from your account, win or lose. Your bankroll is important, do not underestimate its value. High-stakes gambling is not something you should be a part of unless you are very experienced. Losing a lot of your money is unacceptable.
That is why professional or enthusiast amateurs also have staking plans. They are either fixed or variable, depending on your level of knowledge and confidence. Variable plans are better in the long run, especially if you already have some experience with a certain sport or betting in general.
After setting up your bankroll and choosing a staking plan, you should choose which sports you are going to bet on. Sure, you can specialize in one area, but there are so many sports that not looking into them is a loss of profit.
Choosing the right strategies is the last important step. Some like to have a betting schedule, as it can be helpful, but you can put that under your strategy. Strategies involve betting at a certain time or on certain events or sports, even. There are some already established strategies you can read about, yet none of them is really foolproof. Change things up and never get stuck. A bad bet is a lesson.
Self-Improvement – Attributes you Should Strive For
Before you start betting, you should know that there are attributes which are important to have or helpful skills if you can learn them. Topping the list would have to a mind skilled in math and analysis. The betting market always changes and spotting the irregularities or advantages, not to mention probability. Math is used in sports betting all the time as the quotas have to be made by someone.
Right after those attributes, discipline and motivation are probably your next two best friends. Discipline is crucial as you do not want to go and spend most of your bankroll on a hunch bet. Discipline will keep you from making rash bets and point you back to analysis and studying the numbers. Motivation is important as you will not win all bets, especially when starting. Being able to stay motivated is going to help you in the long run. Patience can help you when you lose a couple of games or when you notice that there are no good opportunities for a bet.
If you love sports, then sports betting will come even easier. Now, loving your job is not essential to you being successful, but in this case, it is really rewarding. Watching matches with friends while you know that you have money on the line, you are basically working and doing a recreation activity at the same time.
Sports betting can be a professional career, yet one should be careful and follow certain guidelines in order not to lose all their money at once.