There’s a lot of information about sports betting online, but most of them are not going deep enough when it comes to valuable info that you can use. Compared to casinos, you will have better chances to win if you have some knowledge about the sports you will bet on. This isn’t the case for casinos because the games they provide have odds that don’t change and most of them work based on a random number generator.
A few factors that are important for every bettor include bet schedule, strategy, sources, community, and organization. It’s easy to understand these factors when they are just mentioned, but you need to go much deeper in order to understand how professional bettors manage things.
Most people that are trying to do it full-time have already gambled before, and they saw the potential in it. But, you should look at it as a full-time job because the more you invest your time, the better you will understand how the industry works. There are also a few tips and tricks, but most of them are risky.
The Truth About Sports Betting
No one will tell you the obvious truth about betting, which is that bookmakers have a huge advantage and they will always make a profit. There wasn’t a year in history where casinos lost money unless players tried to scam them. You can compare it to trading, where only the top mathematicians make a profit which is usually 1% of all players.
The same goes for sports betting, where only 1% of players will make an annual profit and have a positive win rate. In order to become a part of this 1%, you will need to have great knowledge about the sports you want to bet on and also be well-informed. This means staying updated on everything that is going on inside the teams and having people working with you or for you in order to keep everything organized.
William T. Walters is a great example where he would spend a lot of time on a computer analyzing the NCAA or NFL. He wouldn’t even place bets online, either himself. Instead, he would hire people that will place the bets for him in person.
How To Become Professional?
In order to be viewed as professional, you will need to do it for a while and have a positive win rate. A great win rate is usually from 70% and up, which is very hard to accomplish. Besides betting constantly, it takes a lot of researching, exploring the odds, and managing your schedule.
Every pro better is very disciplined because the money you win can pull you towards making new, low-researched bets. The best practices include having a Google sheet where you will place the amount you can spend during the month and all the bets you are making on a daily basis. This will give you an overview of your failures and successes.
The betting strategy depends on the sports you will focus on because some don’t have enough games during the week. You can focus only on 2 to 3 games weekly if you like because it might include popular teams where many factors can be included in the analysis. But remember that increasing the amount you spend should be reviewed once quarterly.
Positive Win Rate
Statistics are everything, no matter what and how much you play, because they will show you what you are doing wrong. Even the most famous betting experts will change their tactics depending on how the market is changing. For example, you won’t have the same teams always being at the top of the Premier League. Manchester United is currently in a very bad position, and they will probably lose a lot of money this year.
Each season is a strategy for itself which is why the preparation period is important. During the first few games in the season is the biggest losing streak you should have because the teams are challenging each other.