Successful Sports Betting
Successful betting is much more complex and it requires a lot of knowledge, experience, patience, and a lot of sacrifices, whether we like it or not.
But we can start with three simple things:
- Finding a value (the difference between your discovered price and bookmakers price)
- Beating the closing line and their margins
- Building/Having a bankroll (most sports fans and most bettors don’t have one)
- Flexibility and process of learning, adjusting and improving
Successful sports betting has much more with the math, investing, the right mindset, than about the knowledge or love for sports.
Different locations, different methods, similar concepts
Successful betting in the final stage is how you can beat the line and where and how you can bet. We live in different locations, we can use different bookmakers, sportsbooks, betting exchanges, etc.. In some countries betting is prohibited, in some countries the government has a monopoly over gambling and they offer awful odds and big margins,…
Successful betting doesn’t necessarily mean, that you must make 6 figures betting, it can be just a side hustle.
But the concept is pretty the same.
Sports betting is a market, where you must be better than others. You are not really betting against bookmakers, but against other bettors as well. And this requires a lot of skills based on your location and abilities.
It requires personal development skills, mathematical skills, investment skills, sports betting models and algorithms, flexibility in the market and ability to adjust, ability to recognize if you lose your edge and adjusting the method, tracking your bets, building a bankroll, re-investing profits, and many other things.
To be among 3% in the World that win requires a lot of work and a lot of effort. Sports betting is a (learning) process, that never ends.
Some of my tips on how to be successful in sports betting
- I learn about money and investments
- I learn math and statistics
- I build betting models and always look for value
- I try to beat the closing line
- I try to recognize new markets and opportunities
- I also try to recognize if I am losing my edge in the market and adjust accordingly
- I meditate to stay calm and make better decisions
- I re-invest my profits and never rely only on one income stream.