They say all the success you see is just a tip of an iceberg, and becoming one of the professional sports bettors, is no exception. These people didn't wake up to become who they are but had to make sacrifices and even had sleepless nights. It's a great place to be, especially if you hear the figures they pocket annually. But the fact is, you must prepare to sweat and bleed to join this club. That's according to some pro bettors.
Hey, it's not that scary, but they're a few things you must consider before you join professional sports bettors. Let's delve right into them:
Any wise bettor would usually have an intelligent strategy of managing their bankroll. The another great way to do this is to divide it into small units depending on how often you bet. Ensure to have a significant amount as you aspire to become a pro bettor so that you can bet as much as possible. A great piece of advice in betting is never to wager more than 5% of your total bankroll, no matter the temptation.
Professional sports bettors use betting strategies
Some of the betting strategies that pro bettors use to make a difference in their bankroll include using working betting systems such as Arbitrage betting, Matched betting, and Hedge betting.
Arbitrage betting; the bookmakers may differ opinions on the event outcome and may even place one bet per outcome with various betting companies when circumstances allow it. But the good thing about it, a bettor still makes a profit no matter the outcome.
Matched betting; In this betting, punters can profit from the bookies' free bets and other incentives to entice them. Other than various bets where they use the chance to win, this one uses a set of mathematical equations, and that's why it's a risk-free bet in theory.
Hedge betting; Most professional sports bettors love hedging a bet to reduce the risk of a bet or guarantee a profit in betting. In essence, a hedge is an advanced strategy involving placing wagers on the opposite side of the original bet.
Use betting exchange sites.
One of the reasons you should opt for using betting exchange sites over the usual betting site can limit the size of the bet. Gubbing (bookmaker limit to free bet promotions and deposit bonuses) usually happens on these sites too.
Bettors winning large amounts through Arbing and Matched betting get limited in their cash because they won too much. But to avoid this, they can use the betting exchange sites instead, where they can bet against other bettors.
You won't win all your bets.
Maybe you could be thinking; once you become a pro sports bettor, you'll be winning all your bets. Most professional sports bettors go for small edges, and if they are successful, they are usually correct in 55-60 percent of their bets. They don't even come closer to 80 and 90 percent.
If any bettor continuously makes a 5% profit over a long period, he becomes a threat to the bookmakers.
It's a game of chance, and there will be moments of big wins and big losses. It will help if you prepare yourself psychologically for any outcome. However, sometimes you may opt for safer wagers to avoid heavy losses. Focus more on value bets, and you'll have fewer losses. So, it would help if you looked for underrated underdogs or favorites.
In Conclusion, anyone can become a professional sports bettor if they show determination, interest, and quests for betting knowledge. And other than this, you can't allow your emotions to lead your betting game and predictions. Following the points stated here may gradually drive you to one of the pro bettors.