Sports Betting Professionally: Why this Can be a Lucrative Career if You Have What it Takes

Most forms of gambling have always been only a hobby or simply the favorite past-time of many people. Sports betting has always been the favorite thing to do of sports fans whenever it is the season of their favorite leagues or sports. However, for some, sports betting is actually their bread and butter. This is the career of some people out there.Being a professional sports bettor or punter means that at least 60 percent of your income should be coming from sports betting. This means that through sports betting, you’re able to pay for your rent, buy food, pay your bills and utilities. 

You don’t have to go to land sportsbooks to be considered a professional gambler or sports bettor. You can place your bets anywhere you are or online. You can also do this with your laptop or smartphones through the tipico mobile app or any other sports betting app out there.

If you’re thinking of turning sports betting into a career, however, know that this may not be a business for everybody. You need to have the budget and you need to have a solid understanding of how sports betting works.

You shouldn’t just dive into professional betting if you’re a newbie and you still have a lot of questions in mind when it comes to money lines or odds. You should also know enough about the sports you’re intending to wager on and as much as possible, you know more than one sport so that you can also wager on different sports when one sport is offseason.

Now, is betting professionally a lucrative career? Well, this really depends on how much you will be spending on it. The average amount that bettors would earn annually would range from 50,000 to 150,000 US dollars. However, if you have the money and are willing to take a lot of risks, you can even earn millions on each game that you wager on. 

As a professional bettor, you need to be good at managing or handling your bankroll. The profit margin in this business isn’t too high if you’re not wagering with big amounts of money. Bettors would usually win at around 53.5 to 55 percent of the time. 

If you are aiming to eventually get into professional sports betting, here are some tips that could help you out. 

  • Have a separate bank account for betting

It’s best to have a separate account for your gambling activities. This way, you can easily manage your bankroll and determine if you still have the capability to wager on specific events. Many players do this to avoid the temptation of using the money on their personal accounts when gambling. It’s a good strategy for you to only spend money that you have allotted for betting.

  • Look for the best sportsbook and shop around before signing up

There are so many sportsbooks that you can choose from and you can go and visit land sportsbooks which are typically located near stadiums or race tracks. However, if you want to be able to place bets wherever you are or in the comfort of your home, online is the way to go. This very convenient and generally cheaper since you don’t need to travel to land bookies anymore.

The best sportsbook will really depend on your betting needs. Some of the factors you should consider include the best odds, the variety of sports you can wager on, other features that the website or app has for their customers, and the promos and bonuses that they offer. 

  • Take advantage of promos and bonuses

Speaking of promos and bonuses, these are offers you should definitely take advantage of to maximize the worth of your money. Many online bookies are generous with sign up bonuses, while others are more generous to their loyal customers. This is why it is important that you first shop around for a bookie before signing up with one. You need to compare and contrast the bonuses that they offer as well.

  • Don’t chase your losses

This is very important because if you keep a mindset that after you lose, you will then win, you will just keep on chasing your losses and most likely end up losing more than what you can afford. There are people who make this mistake and end up owing others just so they can make it back on track. Have a break if you’ve been losing a lot. You don’t have to bet on every match of the season. Stay disciplined.

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