Chances are you’ve found your way here after hearing tales of pro sports bettors success stories, or because you feel it’s time to take wagers to the next level.
Either way you want to know how to become a professional gambler. Well you’ve come to the right place. Read on for our guide to making money through professional betting.
Forming your foundations
Once you choose to bet on a serious basis, rather than as a hobby, or shot in the dark, you need to adjust your thinking and practices accordingly.
To start, you’re going to need a decent bankroll. Rather than wagering on pay day or when you’ve got a bit of surplus cash, you’ll now need to spend it on the right bets at the right time – and that means always having what you need, when you need it, in the bank.
A good tip is to open a separate account exclusively for your bankroll. It doesn’t need to be a traditional bank account, in fact many professional sports bettors prefer not to use these due to their sluggish transaction processes and the slight risks of inputting BACS details online. An e-wallet or digital currency is, therefore, often the best way forward, especially for forward thinking punters operating in the modern market.
The next step to building your foundations on solid ground is to research and record everything. Yes, it can be tedious, but it can also be fascinating and while being a pro at anything is usually far harder work than doing it vocationally, the pros will likely outweigh the cons (namely, making some money). So set up a spreadsheet to monitor every relevant statistic you can find. Sign up to some newsletters that’ll fill your inbox with facts and figures relating to your chosen sport – and do choose a sport.
Jack of all bets, master of none
When it comes to professional betting, it pays to specialise. You can’t possibly garner all the info and insight you’ll need a across a wide range of sports, particularly when you’re starting out. So make sure you hone in to something you ideally already have knowledge of and love for.
If you’re looking to stay mainstream, professional football betting can be a good place to begin – not least as its popularity means you may well have got to grips with the football betting markets already. There’s also a wealth of information to be found on every aspect of the beautiful game, so you won’t have to hunt for it.
It’s also not enough just to pick a sport, drilling into specific wager types and analysing specific outcomes is the way to go. For example, you could become an expert in the numbers of goals scored by specific players or teams, spending hours keeping abreast of injuries and seemingly incidental bits and pieces that could make all the difference to an outcome.
It’s time to get your geek on sports style. Once you’ve built on your success and gained some experience, you can move on to more obscure and lucrative markets.
Master your method
You may think that now you have your bankroll and bet type nailed that you’re ready to go. Think again. There’s another major factor to take into account when you’re learning how to become a professional sports gambler and that’s your staking method.
It’s not just what you bet on, but how much you bet and when. You’ll hear of two major players in this arena, the first being the Fibonacci method. In this you place a single unit bet, then after a loss, you move to the next sequential number to work out what you’re going to stake. After a win, however, you move down two numbers – unless you’re in profit or didn’t move up at least two in the previous sequence.
The basic Martindale system involves doubling your bet following a loss, and starting a new cycle after a win. Many gamblers love it, because it’s super easy and feels like you’re kind of being clever. As a short-term methods both if these are fine, but the odds are against you and if you have a limited bankroll you’re likely to run out quickly, so use them briefly and wisely.
Fixed wagers are also popular (betting the same amount every time), as is proportional betting where you wager a fixed percentage of your bankroll each time.
Some bettors like to go all out on every bet, but if this goes wrong, you’ll need some back up income to replenish your losses. There are many other systems besides and you can of course create your own – especially if you’re a maths guru.
Hang in there
When you turn from amateur to pro (in anything) you’re going to have some challenges along the way. There’ll be peaks and troughs, but you can learn and become a better bettor from both. So enjoy the highs and don’t lose heart when you hit some lows. It’s par for the course and paves the road to success.