The gambling industry is now worth over a hundred billion dollars and this why many see this as a great opportunity to earn more money. If you talk to gamblers who you usually see online or in local casinos, it’s most likely that they’ll tell you that gambling is only something they see as a form of entertainment or hobby.
You yourself probably sees it as the same, but the truth is that there are now many professional gamblers out there. These are people who make a living from gambling alone. These are people who see how lucrative gambling can be as a career and so they take this seriously and sees it as something more than a hobby.
One sector of gambling that is popular with many when it comes to this is sports betting. Many names are already up there when it comes to professional sports betting. Jaromir Jagr, Tony Bloom, James Holzhauer, and even celebrities like Ashton Kutcher, 50 Cent, and Floyd Mayweather are known to gamble at a professional level.
William Walters, also known as Bill, is a controversial person who made a lot of money from sports betting. Walters is known to have wagered hundreds of millions of dollars and still manages to keep a great and profitable record over the years.
He’s known by many bookies and many bettors kept on trying to copy his strategies when it comes to wagering. He’s just a great proof that it’s possible to earn millions from sports betting alone.
Walters is now over 70 years old and currently, he’s no longer gambling as he was convicted for insider trading in December 2018.
Now, as someone who’d like to earn more money and take sports betting seriously, there are a few things that you need to keep in mind and know about. Turning sports betting into a career should place you in a different mindset to better your chances of winning.
Here are some of the things that you need to keep in mind if you’re aiming to build a career in sports betting.
- Understand the implications
Whether you’ve started sports betting as a hobby or not, making this your career is something that you should seriously consider. Sure, sports betting can help make you earn money more than you can ever imagine but know that it’s not going to be quick and easy.
Money is involved here and if you want to earn more, this will mean that you will need to spend more. Make sure that you’re ready with a backup plan if in case you started with a bad run. Make sure that you can still survive even after a few losses. This means that you still should be able to pay for rent and other important things even before you go on business.
- Find the best and reliable bookies
When placing bets, you need to make sure that you’re trusting your money with a reliable bookie, whether that’s online or not. Be on the lookout for new online casinos (UK-licensed) or bookies that can accept your bets. These are usually the ones that offer great promos and bonuses.
Promos and bonuses are things that you should also keep in mind when looking for a great bookie to make sure that you can maximize your deposit. Always check the reviews of bookies or casinos that accept bets to be sure that you’re betting on a secure site.
- Analyze and strategize
Professional sports betting requires skills and you should be able to analyze and strategize well. You should be able to point out or analyze the trends on your wagers. You should be able to see what went wrong and what right thing you did as to why you profited well from a game.
Knowing what to look at when it comes to your wagers can make you better at strategizing. Both skills are necessary to make sure that you keep on improving as a bettor.
- Know your limits
Aside from bad luck and poor choices, not knowing the limits can be the reason why many people are not succeeding when it comes to turning sports betting into a career. It’s important that discipline and patience are practiced when you’re betting on sports.
Try to be not emotional when placing your bets. Your bets should always be the result of logical thinking. This is why it’s important that you follow the sport you are wagering on.
It’s also important that you know how much you can and should spend on a certain season or game. That’s why many gamblers have a separate account for gambling. Learn to only spend what you can so that you won’t end up with a zero balance if things just don’t work out.