How to be a professional sports betting?

If you’re a big fan of sports betting, there are probably few things more appealing than learning how to become an expert at it. Of course, this is not a walk in the park, even if it seems so. If you’re still curious, read Premiumsoccertips guide to professional sports betting and learn how to hone your betting skills while increasing your deposit!

What does professional sports betting take?

Do you have enough courage to become a professional gambler? If you’re betting on sports as a source of income, you’ll have to set aside loyalty to any particular team. Can you bet on your favorite team if the situation requires it?

Everything in professional gambling stems from a mathematical equation. Do you have Expected Value (EV) in your betting situations? A rational professional gambler never puts themselves in a situation where they don’t have positive expected value (+EV). Any bet or wager made without +EV is a leak in your game. Place a few -EV bets, and you’ll quickly see your +EV advantage completely eroded.

To achieve that Professional Gambler mentality, it requires you to be focused 24 hours a day, 7 days a week. Concepts like Bankroll Management and Hedging Bets are interesting discussions, but for most ambitious experts, you need to be rational in your approach, strict and disciplined in how you go about it.

How to become a professional gambler?

There are some useful tips that you need to keep in mind when switching to professional sports betting. To avoid making any common betting mistakes, here are some suggestions that will help you prepare for what’s to come.

Set Goals

To track progress and control spending, you should set specific goals and work towards them. Yes, earning a significant figure is everyone’s main goal – but you should take some time to outline realistic goals for your annual income. By doing so, you can monitor how much money you aim to make. This can also be achieved by setting goals for each sport you choose to bet on, putting your biggest goals on the sport you know best. Monthly goals can also be achievable, although not as recommended due to the unpredictable nature of sports betting.

Track Your Betting Record

Improving your strategy will be easier if you keep track of your most successful and least successful bets. Pay attention to your winning and losing patterns. For example: do you specialize in picking favorites or underdogs? Do you usually win many small bets or a few big sporadic wins? Are there certain days and times in events that seem to yield or not yield profits? Analyze your strengths and other patterns, then use them to your advantage in your next bets.

Learn to Manage Your Money Effectively

All bettors will benefit from adhering to a betting plan. For example: if you’re aiming to make £2000 weekly from your betting, you need to ensure your plan can support this. To manage your betting bankroll, you’ll need to set specific budgets and choose the amount you can bet for each wager. If you spend more than you can afford, you risk losing it all – and if you spend less than necessary, you limit the potential to earn more. In professional sports betting, you cannot afford large risks because your income depends on every move you make; therefore, why managing your bankroll can make or break your career as a professional bettor, even if your analytical skills aren’t top-ranked.

Never Let Emotions Take Over

Placing bets solely based on the hope that your favorite team will win is a surefire way to invite trouble. It’s crucial to depend on your analytical abilities instead. Additionally, be aware that your emotional vulnerabilities might surface in various ways. For instance, you might feel overly enthusiastic after a prolonged winning streak, prompting you to make bets that you typically wouldn’t consider. Recognize your emotional vulnerabilities and endeavor to employ logic consciously instead.

Practice Discipline

As mentioned earlier, self-control and maintaining discipline are extremely important in betting. It’s easy to get carried away, so it’s crucial to set some rules and stick to them when faced with temptations. This applies to spending habits as well as your schedule. This will allow you to allocate appropriate time for each betting activity while still maintaining focus.

Be Confident and Realistic

The nature of sports betting is inherently uncertain. Periods of lower success rates, lasting sometimes for months, are inevitable. Every bettor experiences this; there’s no such thing as perpetual success. Even experts may resort to safer bets due to apprehension and a lack of confidence. Instead, prioritize identifying value and consistently remind yourself that setbacks or slow periods are not uncommon.

3 ways to get rid of prolonged losses

Dealing with personal losses is one thing. However, what happens if you’re faced with a prolonged losing streak? Everyone who bets experiences this. How you cope with an extended period of downturn is another crucial component to manage losses. Here are 3 ways to cope with a losing streak:

3 Ways to Become a sports betting professionals

Take a break: Rest for a day, a week, a few weeks. However, it may take a long time before you no longer feel cursed.
Adjust your betting amount: Decreasing your bets is not optimal for bankroll growth, but it’s better than increasing your betting amount to compensate for recent losses. If you have the instinct to decrease your betting amount when you start doubting yourself, you’ll have a long-lasting life as a bettor.
Change your focus: If recent losses linger in your mind, eliminate them by focusing on something else. Focus on a hobby or shift your focus to betting on a different sport.

Once your confidence returns, resume betting. Note that the advice does not include reassessing your perspective, working to see if the current market is more effective, or trying to find new ways to bet. These steps should be taken regularly whether you’re winning or losing. This brings us to the next essential mental factor to becoming a professional gambler.

Conclude

Becoming a professional sports betting person takes time, effort, practice and courage. You need a decent amount of capital to get started and you should manage it wisely. Always look for ways to refine your betting strategy and don’t hesitate to hedge your bets wherever you are. Keep in mind that even the best professional sports gamblers lose multiple bets and have a profit margin of around 5%. For more information related to this topic, be sure to read our in-depth sports strategy guide.