Before you even start reading – we all know that the answer to that question is YES. Obviously there’s also a big BUT involved. While you can easily turn betting into a career – if you really wanted to make money with it, you’d need to be able to get at least 50% of your bets right. And no, it might have just sounded like a coin flip but it’s actually more complicated than than. Even when it comes to football – it’s not that the only possible outcomes are win or loss for your team. There are also draws, winning and losing during extra time, etc. So it’s not really a coin flip. Ever. Plus of course you need to consider the odds. Which everyone knows are always slightly in the favor of the house. But if you know what you’re doing, it’s possible to beat the house. In essence, while betting online on your favorite sports you are not betting on the outcome of the game. You thought you were, right? In reality you are making a bet that says – I’m betting that the odds given by that site for this game are wrong, and my calculations are better. So you are actually betting against the one who created the odds and thought he or she knew what they were doing.
By the end of the day, here are a few things you need to keep in mind if you want betting to become your full time career:
1. Only bet on sports that you know
And if you want to bet on some other sports – first learn about it, you need to know your sport. You need to know details about past performance, coaches, and a lot more just to make the best educated bet you could.
2. Never go on tilt
Even if you know everything about the sport, you’ll still lose often enough if you don’t know what not to do when betting on sports. Some people tend to be really bad losers. Not because they are losers, but because they can’t accept the loss. And after they lose a bet, they start trying to recover the money with next bets they don’t analyze that well anymore. And soon enough they’ll find themselves on a losing streak. Don’t be that guy. Each bet is a separate one. And if you lose, you lose. If possible, learn from it. Then forget about it. And move on.
3. Loyalty is good but…
While you might prefer one bookmaker to another, for whatever reason, you need to remember that it’s all about odds. Before making a bet on the next game you’re interested in, be sure to check the offers available on different sites for that bet. Check the odds!
4. Forget the accumulator
Well, they can actually be good if it’s two or three, maybe even four, but more than that – that’s where the bookies make most of their money from.
Now, you can also choose to work on the other side. You could find a job betting for a company. Well, sort of. The job would be called not sports bettor anymore, but rather a sports trader. This means that instead of finding the best odds for yourself to place bets on, you’d be working for a company and set the odds for people betting on their site. In a way it’s different. Yet at the same time, the knowledge required compared to betting successfully yourself are pretty much the same. You need to know about sports. You need to know about odds. You need to know about maths.
To read more on topics like this, check out the lifestyle category.