Professional sports bettors who are good at what they do make about 40% on their investments, based on the value of their assets and other things like the number of games, the odds, etc. Considering the house’s 10% fee, the standard for professional sports bettors to make money is to win 53% to 55% of their bets (60% is possible, but it can only be done briefly).
The breakeven point is where 52.4% of all bets make money. In the breakeven method, considering the chances of winning and losing and compounding interest gives us 52.4%. When your budget is bigger, the difference between 53% and 55% becomes more important. A good rule of thumb is to bet 5% of the money in the bank.
HOW TO TURN INTO A PROFESSIONAL SPORTS BETTOR
Look for value when you bet on sports.
Professional who engaged in online sports betting know how to ignore advertising noise and the group mindset. Instead, they rely on their calculations and gut feelings to place bets that make money.
On the other hand, value is often hard to find because it is buried under layers of information, some of which are useful, but most of which are just noise. This way of thinking is to bet to win instead of taking a chance. Bookies can get people to bet on their site by offering good opportunities and using other marketing methods. To determine the best outcome, you should compare bookies and online sports betting results through different outlets. But players in the lower tiers get rewards for being loyal to try to get them to bet more. As an expert sports bettor, as you move up to the higher levels, the scene changes and gets more difficult, which changes your chances of winning. So, skilled sports bettors need to know how to spot a good deal when the bookie offers one and jump on it.
Professional sports bettors do their research before deciding if a bet is worth their time or money. They can make very accurate guesses based on what they know about the game. If a person is good at math, they can put real numbers next to the events they are most sure of, which helps them map out the results. Probability percentages also remind people of the picture they choose to look at, whether an event happens or not. Time is the only thing that can sort out these odds and show the person if their calculations were right.
Value is finding the bookie whose estimates are the same as the bettors. The player will be likelier to bet if they compare the bookie’s deals to their figures. The player could think about their thoughts and determine why the odds are different. The next step is to figure out how confident you are in the bet. The goal is to determine if the bet is likely to win, lose, break even, or make money. Bettors who are good at sports betting can make a lot of money by looking for bets with good odds.
PRO SPORTS BETTORS NEED TO KNOW HOW TO MANAGE THEIR PAYROLL
Bankroll management is how an expert sports bettor keeps track of all the money they have to spend without worrying about other bills or obligations.
Any expert sports bettor’s long-term goal is to build up their wealth. Because of this, sports betting is more of a job than a hobby. Setting spending limits and comparing different bookies lets them find a mix between what they have and the best well-thought-out and measured way to get where they want to go, given the choices.
Professionals who do online sports betting usually bet 5% of their total bankroll. The range starts at 2% and almost always goes under 10%. Professional sports bettors place many bets and keep track of each one, whether they win or lose. Self-control and focus are important if you want to stay in the game. Also, the best way to become a skilled sports bettor is to pay close attention to every detail.
Professional sports bettors are in charge of the game, not the other way around, when they have a good plan for handling their cash. They know how much they spend, how often, their odds, and what will happen. Each new thing they learn ads to their experience, which helps them get better. Good handling of your cash leads to a steady return on investment of about 1% to 5%, which leads to long-term growth.
Professional sports bettors figure out how well they did by tracking how many of their bets paid off (more than 53%), spending 5% of their cash, and adjusting after each result.