The possibilities are endless and depend on a lot of different factors. However, you should remember that as much experience as you can gain by betting on sports, it doesn’t guarantee you will become a pro bettor. That’s the fun of gambling, all of the possibilities available to you.
Most people use sports betting as a way to earn some extra experience, and then there are others who do this as their full-time jobs. There’s risk in doing this, but also high level of fun element involved. So, can sports betting make you a pro? We’re going to go over what you need to know.
Sports betting – Active or Passive Experience?
An active experience is defined as a service that requires work or skill. You have to put some type of effort into gaining knowledge, know-how and expertise. While passive experience is something that doesn’t involve much work, but you still get some returns.
First, you have to find а reliable and professional bookmaker for you, which can take some time and experimentation before knowing what’s best for you. Then, it would be best if you looked at odds, statistics, teams, and players to understand how you should bet.
We would define sports betting as an active experience. Why? We think this because, in order to become a pro, you’ll have to do your research and calculations. Yes, there’s a thing called luck, but if you want to make this your road to eventual success, then you can’t rely on luck.
Also, be aware that there are many types of bets you can place, including money line, spread, multi-bets and totals, which all come with different risks and rewards. The free bets that come as a promotion are the chance to earn some money, without having to take any risks. However, even in this case you won’t make enough money merely relying on luck with sports betting if you want to make a liveable wage.
Are there People who got Rich from Sports Betting and how?
Yes, some people gain quite a lot of professional expertise with sports betting. However, you’ll first need a good amount of time and basic knowledge to start betting. You won’t get a pro by placing bets on matches once in a blue moon. The ones who are turning pro with gambling are those putting lots of efforts and dedicating their free time to research.
One of the most famous punters is Tony Bloom, who hails from the United Kingdom. He bets mostly on football games, and he can for sure be considered a pro gambler.
Bloom studied mathematics at university, and he worked as an accountant. He then used his knowledge of math and interest in sports to form a strategy. He started small and has developed his approach to becoming a professional over time.
What strategies should one Employ?
The most important skill to have when becoming a sports bettor is understanding mathematics. You have to know that odds are just probabilities. You’ll need to take these numbers and be able to calculate how much you’ll bet on this basis.
The milestone here is to learn how to understand the statistics and how to interpret them is also vital for becoming successful in betting on sports. If you’ve always hated math, then you shouldn’t get into sports betting with becoming a pro in mind. You’ll likely be unsuccessful.
Another area that you’ll need to know about is the types of bets there are and which ones are the best for you. Some people are really successful with a certain kind of bet, and somewhat unsuccessful in others because each one requires a different strategy.
Moneyline bets are more straightforward and offer somewhat better outcomes because there’s little risk. You’ll need a lot more knowledge and skill to get the hang of more complicated ones, like multi-bets. There’s a greater risk with this type of bet.
One more thing to consider is your budget. Smart sports bettors are not addicted to gambling or do irrational things to make up for losses. People who use this as a full-time job understand that you won’t be successful all of the time.
It would be best if you never put yourself at financial risk because of a bet. Professional sports bettors understand this and will know when to move on. For them, this isn’t entertainment; it’s strictly business and emotions can’t get involved.
Is building a bankroll and managing it important?
Yes, building a bankroll and learning how to manage it is of utmost importance. In fact, we can safely say this is one of the things that separates beginners from professional players.
To build a bankroll that you are comfortable with, you need to have a good idea of your finances. Many people start with a large bankroll, but they end up losing a lot of money. That’s why most professional bettors will usually start small and build up as they start playing.
The management process depends on your preferred tactic. We won’t go into much detail because there are plenty of options. With that said, some people like wagering with a specific % of what they have, whereas others choose a fixed amount.
Over what period of time can I turn pro?
It would be best if you had realistic expectations when starting to bet on sports. Don’t think after a year or two that you’ll be on the covers of sports betting magazines in a year or two. The example of Bloom is a man whose career required a lot of work; this didn’t happen quickly. He devoted his whole life to get to where he is now.
Make sure you go through the most common betting strategies and find the right one for your play. Once you have a proper strategy to make a comfortable experience out of sports betting, then you can consider quitting your job and investing more time into it. This can take a few years. From there, it will take even more time to turn into a real pro.
Don’t quit your job just because you won big once. To consider sports betting as a full-time job, it should be as stable as a traditional one. We’d say that becoming a pro with sports betting might take at least ten years, if not more.
What qualities are needed? What strategies?
As mentioned above, an understanding of math is the most important thing when it comes to sports gambling. You’ll need to understand statistics, probability, finances, and odds. Those who studied mathematics or a related subject in a university are perfect candidates for a career in sports betting.
To be successful, it’s not just a matter of adding 2 and 2. An understanding of complex numbers and formulas is necessary for going pro. If you’re really interested in pursuing this career, it’s a good idea to look into taking some university-level classes in these fields.
You’ll also need to be interested in sports and know the rules. If you’ve never played sports or never had an interest in them, then we wouldn’t recommend this field of work either. As much fun as it is to be a professional in it, you also need to have a passion for it.
You’ll also need to take your emotions out of betting on sports. In the beginning, you might just wager on your favourite teams or players, but to be a pro, you’ll have to use strategy. This could mean betting against your favourites.
Everyone is going to have their own strategies when it comes to sports betting. What works for one might not work for another. You’ll want to experiment with different techniques until you find something that works for you and your skillset.
The Bottom Line
The answer to the question is yes, it’s possible. However, is it likely? Not without a lot of work. If you think that this is a passive way to become a pro, think again. Being successful takes a lot of skill and commitment.
We’d love for you to be the next Tony Bloom, but let’s be realistic. Sports betting can turn you into a pro bettor, and it most likely won’t. Start slow with reasonable expectations, and see where it takes you.
If you’re ready to commit to betting on sports to become a pro gambler, then go for it and make sure that you have the proper skills to succeed.