Many sports fans dream of being able to generate a nice extra income from the comfort of their own home, or even be able to make a living from it permanently. However, the fact that so many people fail to realize this is not due to the betting itself, but rather to the wrong approach and strategies. Read below to see how the pros approach it and how you too can have a better chance of success.
The bankroll as the basis of a professional sports bettor
Are you a huge football fan and have you ever wondered what it would be like to make a living or at least generate a good side income by betting on sports?
Then you’re like many other sports fans in this country. What unites them is that very few have a concrete plan for what it’s like to be a professional sports player and, second, what the path to that goal looks like and what hard, long-term work it actually involves.
Many beginners do not even get a betting bonus, although there are now many easy-to-use comparison sites on the Internet. There, interested parties can get information about which bookmaker is currently paying which bonus amount for free in no time. In addition, the sometimes complicated turnover conditions are clearly presented, which not only require different stakes, but also a minimum quota.
The foundation of a successful sports bettor is always bankroll management (BRM). This ensures that bets match the total balance and prevents the risk of bankruptcy in case of losing streaks. Therefore, never bet more than 3% of your total capital to start.
Become an expert in the sport and enjoy information
The absolute basic rule for successful sports betting is that you should never bet on games that you can’t watch in real time. This is because some important information is only available shortly before the match starts – in addition to that, you need to watch how the match is developing in order to place further live bets or use cash-out features if necessary.
It is important not only to have an excellent knowledge of the sport of football, but also of the two teams playing against each other, the respective competition or league, the current level of performance, any injury lists, coaching concerns as well as internal disputes. Professional sports bettors follow the principle of including as much information as possible in their bets – there is no such thing as too much.
Furthermore, it is important to have accounts with multiple bookmakers, as they all calculate their odds differently and this in turn must be put in relation to the betting tax that may need to be paid.
Analysis of data sets and probability movements as leverage
The majority of professional bettors are aware of the fact that the element of luck can never be eliminated in betting. Consequently, there are always so-called swings, i.e. phases in which the quality of the bet suits, but not the financial result.
Therefore, successful betting is always a long-term affair that requires avoiding bias and analyzing multiple data sets as well as odds movements. For example, professionals look at how the odds for both teams have developed in the past and browse numerous statistics based on probability assessments for this purpose.
This doesn’t necessarily have to be done manually in an elaborate manner, but programs that perform automatic scans can be used. Some professionals develop their own software for this purpose, which takes them weeks or even months to process.
You see: Professional betting has nothing in common with common beer betting and is based primarily on an effective analysis of variables. The question of whether you will ultimately bet on a single, combination, handicap or system bet is only the tip of the iceberg.