Can You Live from Sports Betting?
Can you make a living from sports betting and betting sign up offers? That’s an often asked question, especially among newbie bettors who like their new hobby so much they would like to turn it into a full-time job. The answer to this question is not a certain “yes” or “no,” as this is a long disputed subject, but we all know that professional bettors do exist.
Maybe the more accurate thing to ask would be “How to make a living from sports wagering?”, considering there already are a lot of people who do this for a living. So, yes, it is possible to live comfortably from betting on sports, but it’s not easy.
You should be patient, follow a set of rules, build a strong strategy and be consistent in order to be successful and really make money out of sports betting.
Many are lured by the promise of a comfortable life from just punting day in and day out, and we don’t blame them considering there are plenty advantages provided by being a professional bettor/gambler, such as the fact that you are your own boss, have flexible working hours, and don’t need many props to do your job, not even a fixed location.
However, you should be aware that the majority of bettors who try to do this professionally fail to be successful. And that’s because they get started with too high hopes, when the reality is that a very large percentage (almost 90%) will actually lose money in the first year. But if they do their research right, are consistent and identify the types of bets that are most profitable, the chances of earning some money increase.
So the most important thing is to set realistic expectations, as you will have to invest a lot of time and effort in your new occupation. Then, a good money management system is necessary, which involves creating a separate account for betting purposes and setting strict and well-defined rules for your stakes.
Besides the points mentioned above, there are a series of attributes a bettor should possess in order to succeed, like good knowledge of sports, especially the sport you will focus the most on, a logical mind and good calculation skills, discipline and motivation, and last but not least passion for sports. If you love sports, you are clearly more likely to understand the mechanics of the game and will be able to make more accurate predictions.