Can You Make a Living Out of Sports Betting?
Who wouldn’t like to quit their job and make money with something you love and can do whenever and wherever you want? Therefore we will be questioning if it’s possible to start a career as a professional sports bettor.
Is it possible to make money with sports betting?
In order to become a professional sports bettor, you will first need to find out if it’s possible to make money betting on football in the long term. The answer to this question seems simple. It’s possible so the answer is yes.
However, will everyone be able to make money from online betting and turn their hobby into their profession? The answer to this question is no. Professional online betting isn’t for everyone. On average, only 1 out of 20 players will be able to make profit in the long term. Are you still enthusiastic about the idea? Make sure to meet the following conditions;
Make use of bonuses
To make as much money in the short term, you will need to make use of bookmaker bonuses. Most of the sportsbooks are offering welcome bonuses and if they really want you to keep using their platform, they’ll also offer you reload bonuses. By making use of these bonuses, you can make quite some profit, without investing a lot of money.
Good money management
It’s important to keep an eye on your money. Keep track of your profits and losses and often check if you’re going in the right direction. Bettors who just started in the online iGaming industry, often bet too much money and run out of money in the long term. Make sure to read articles written by experts and follow specific strategies and models like the Pie Model or the Kelly strategy. Professional bettors tend to not spend more than 1% or 2% of their total bankroll per bet. This isn’t very exciting but it’s important to keep in mind, especially if you want to make profit in the long term.
Keep your emotions under control
When betting on sports, you will have to keep looking at things objectively. Don’t just spend all your money on your favorite team, but do some research and check which team or person statistically has the most chance to win the game. This is easier said than done when you’re a rookie bettor, however as a professional bettor it’s important to keep your emotions under control. Also make sure to not make up for your losses and like mentioned before, keep an eye on your money management. Always remain calm in both good and bad times.