Whether it is learning a skill or having success in any job or career, there are proven ways to succeed, and it is important to understand and use them. It is no different in sports betting. Anyone serious about becoming a winning bettor knows that it will take some time and dedication to become a professional bettor, but the reward at the end is huge. Of course, talent can play a part in being successful, but if you follow these basic principles you will have big chance to win in sports betting in the long run.
This is the first step to become a professional bettor. It includes everything from betting skills, sports expertise and understanding the concept of betting, concept of value, probabilities and all other things.
Building Predictive Skills
Professional bettors make money by predicting the outcome of a match based on their skill. The most important is to find the edge over the bookmakers or if you like find different (or better if you like) probabilities than bookmakers probabilities. I use my betting models to calculate my winning percentages and my own odds, that are later compared with bookmakers odds. Bookmakers will always adjust the numbers based on market and there is a chance.
Usually bettors raise funds first and then they bet without enough knowledge and without predicting skills. Huge mistake. But we all made same mistake.
Selecting a bookmaker
Every professional bettor will tell you that this can be a headache if you pick wrong bookmaker. Most bookmakers in the world will ban you if you will constantly win and you should always pick a bookmaker with low margins.
Even if you have all the skills, huge funds and understand the concept of betting you can not win if you don’t have strong strategy. I saw skilled bettors, but without any strategy. They lost whole money in 2 months, despite they were winning in other 10 months.
Tracking your record and measure your betting skills
Anyone serious about betting will track his records and measure predictive skills. The best way to do this is to look how you do against closing odds and by tracking other important information, like yield, profit, etc. CLV will show you if you have the edge over the market and if you have constantly positive CLV, you will be a winner on the long run.
Discipline and mentality
Betting discipline is one of the most underrated betting skills, but if you don’t work on your discipline, all other skills above are useless. It is also very important to control emotions. Never celebrate when you win and never panic when you lose.
Ability to learn and adopt
The things are changing quickly. Professional bettors are willing to learn, improve and adopt to new situations. Sports betting world is changing quickly and the time when sports fans were winning is gone. Sports betting has more in common with financial investing, math and statistics than with watching sports or being a fan.