How to become a professional sports gambler 🎲
A professional sports bettor appears to most sports bettors to have a perfect life. They make a profession betting on sports, set their own hours, and make significant gains. Professional sports gambling, on the other hand, may appear to be a magnificent vocation. It is, however, a long and arduous trek to the summit. This tutorial outlines the actual aspects of the road to being a successful sports bettor. It also discusses the fine points and long hours that gamblers must put in to become professionals.
Professional sports bettors have to contend with small margins.
When most people think of a professional sports bettor, they imagine someone who makes thousands of dollars on every bet.
They’re likely to imagine a gambler who can’t seem to lose night after night. The reality, on the other hand, is quite different.
Even the best bettors, contrary to popular belief, do not win nearly 100% of the time.
Instead, they have a slight advantage that they take advantage of by placing enormous bets.
Many sports bettors consider themselves successful if they win 50% of their bets when the odds are -110. Of course, if gamblers back strong favorites, they can win far more bets against the sportsbooks (e.g. -300 or better).
However, a win-loss percentage of -110 is a good indicator of how successful you are. However, even if you win 50% of the time at these odds, you will not be profitable.
After all, you have to think about the juice. In a -110 wager, a bookmaker takes 10% from the losing side, thus a 50% win percentage isn’t going to cut it.
PLEASE NOTE: To break even at these odds, you must win exactly 52.4 percent of your bets. At -110, the average professional bettor wins about 53 percent to 55 percent of their bets.
Some handicappers claim that over 60% of their sports betting picks are right. However, no handicapper or professional can maintain such a winning percentage over time.
Long term, one should only expect to be successful on 55% of their bets at best. This isn’t quite the 80 percent win percentage that many would expect from a pro.
With a small bankroll, you can’t expect to win big.
If you’re only betting $10 and have a 53 percent to 55 percent win rate, you’re not going to get very far. At this pace, you can’t even make a dollar profit on each gamble.
If you’re serious about professional betting, you’ll need a sizable bankroll.
To generate real money, you must use your long-term advantage with large bets.
Here’s an illustration of how much a lower-level pro might win:
- Throughout the year, you stake a total of $2,000,000.
- At -110 odds, you win 54 percent of your bets.
- $2,000,000 multiplied by 0.54 equals $1,080,000 in prizes
- Base losses: 2,000,000 x 0.46 = $920,000
- Total losses: 920,000 x 0.1 (juice) = $92,000 in juice paid • Total losses: 920,000 + 92,000 = $1,012,000
- Profit for the year: 1,080,000 − 1,012,000 = $68,000.
Unless you only bet point spreads, the majority of lucrative possibilities won’t be at exactly -110 odds. But I keep coming back to these odds because they’re the easiest to understand.
In any event, it’s clear that simply having an advantage over bookmakers isn’t enough.
You should also use massive bets to your advantage. You can only make these large wagers if you have the necessary funds.
You’ll need to improve your skills as well as your bankroll.
Sports betting isn’t something you can just dive into and win at. Instead, it necessitates a significant amount of time and effort.
You’re not going to win right immediately, most certainly. As a result, you should learn general sports betting strategies while gradually expanding your bankroll.
How to become a professional sports gambler? You should also improve your handicapping abilities.
NOTE: The more handicapping you perform, the higher your chances of consistently winning bets are. It’s recommended to begin with low-stakes bets and keep track of your progress.
This way, if your betting skills aren’t quite up to par, you won’t lose too much money.
At the same time, you should be gradually increasing your bankroll. This method is putting money aside and then using it to increase your gambling bankroll.
You probably don’t have $50,000 or $100,000 in the bank only to gamble with. However, you can get to this amount by making consistent investments and increasing your talents.
How to become a professional sports gambler? | Increase your bet sizes.
I strongly advise you not to go immediately into sports betting and start placing $1,000 bets. But, eventually, you’ll want to increase your bet sizes in order to make more money.
If you have an advantage, you can make more money by placing larger bets.
You might possibly win hundreds of dollars per wager if you have a large enough bankroll.
You’ll need that bankroll to back up those big bets, of course.
Otherwise, the erratic nature of the market could be the end of your betting career.
As a result, the size of your bankroll should be carefully considered. Here’s an illustration:
You’d like to wager $500.
To survive the volatility, you’ll need a bankroll of at least 100 units.
Depending on your level of confidence, you’ll risk 1-3 units on each match.
500 multiplied by 100 equals 50,000.
Start with a minimum of $50,000 (100 units at $500 each).
Is it possible to progress from a low roller to a professional gambler?
You’ll probably start with a $50 or $100 deposit if you’re like most new online gamblers. These sums are only enough to place a few bets on the games you’re watching.
You may, however, have fantasies of one day turning your little bankroll into a fortune.
Is it, nevertheless, possible?
The chances of depositing $100 and subsequently becoming a top pro are next to none. But, on the other hand, everyone has to start somewhere.
The majority of sports bettors feel this way because of two factors:
They don’t devote enough time and effort to strategy and handicapping.
They don’t manage their money well.
Sure, everyone who begins out on the path to professional gambling blames their failures on bad luck or other causes. The average bettor, on the other hand, is lethargic and irritable.
They are unwilling to devote an hour to handicapping a single wager. They want to spend five minutes handicapping 12 bets and hope to win the most of them.
Furthermore, the average sports gambler does not want to work their way up to higher stakes. They want to boost their bet sizes swiftly and try their luck at the big bucks.
To cut a long story short, it is feasible to progress from a tiny initial deposit to professional gambling. But you’ll also need patience, discipline, and consistent investments in your bankroll.
The majority of gamblers are unwilling to make such sacrifices. However, grinding your way up to pro status can feel impossible at times.
Tips for Getting Started on the Road to Professionalism
You won’t become a professional bettor overnight, as we’ve outlined throughout this article. However, by following the suggestions below, you can at least get started on the correct track.
How to become a professional sports gambler? Set aside money for a start-up bankroll.
You won’t be able to become a professional gambler with a $100 bankroll. Even a $1,000 bankroll isn’t enough.
You’ll need a huge bankroll to place massive bets and weather potential losing streaks. The amount required is determined by how much you wish to profit from sports betting.
PLEASE NOTE: Before genuinely making the types of bets that can help you earn a reasonable life, I recommend striving for at least $50,000, if not $100,000.
Of course, just because you don’t have a large sum of money doesn’t mean you have to stop betting.
Instead, you can learn the ropes by placing tiny bets and gradually increasing your bankroll. You can potentially become a genuine pro if you save up enough money.
How to become a professional sports gambler? | Divide your bankroll into units.
The majority of professionals do not consider their wagers in monetary terms. Rather, they divide their bankroll into units. Your average bet size is measured in units. Your unit size will be $100 if you regularly wager $100 per bet. Of course, if you’re highly certain in an outcome, you’ll bet more than $100. As a result, in certain cases, you can lose 2-3 units. In any event, here’s an illustration of how to divide your money into units: You’ve got a $75,000 bankroll. You require 100 units. 75,000 divided by 100 equals 750. Each unit will be valued at $750. Concentrate your efforts. You could be tempted to place many bets on different marketplaces. After all, betting on multiple sports is more fun than betting on just one or two. The goal, however, is mastery. If you genuinely understand a market, you have a lot better chance of making money in the future. Please keep in mind that you can be a huge fan of the NFL, NHL, MLB, or tennis. However, if you devote all of your time to 1-2 leagues/sports, you will be more successful in the long run. Furthermore, rather than always trying to scout an entire league, you should focus on a certain division. If you are an expert in one division, you will be an expert in matches involving that division. Never give up studying. Sports betting is enjoyable because it is possible that you will never really master it. You may devote your entire life to this goal and still get duped by the bookies on occasion. With that said, you have a lot of room to improve your betting skills. If you actually want to be a professional, you should be studying general methods and handicapping advice all of the time. You’ll get better over time if you never stop looking for advice. If you improve your skills enough, you might be able to make a decent career from sports betting.
Conclusion – How to become a professional sports gambler?
For savvy gamblers, sports betting may appear to be a rapid way to riches. However, in reality, it is a long trip that takes a great deal of planning and patience.
You can’t expect to win large straight immediately if you go from zero to sixty. Rather, you should work your way up the ladder while gradually increasing your bankroll.
You may enhance your handicapping skills while also increasing your gambling bankroll if you take this technique. You should also gradually increase the size of your bets, especially as you gain an advantage.