How to Make Money Betting on Sports

Betting on sports is something that has been going on for quite a long time. However, over time the perception has begun to change. No longer is it looked at as something done by dishonest people in the backrooms of bars. The deals have moved from smoke-filled pool halls to our computer screens. Due to this prolific rise in sports betting many are wondering if a living can be made doing it, and the answer is yes.

Betting on sports has the potential to make you a lot of money. You could be looking at clearing enough money to quite your day job if you do it right. Yet, be warned, you could lose it all too. So let’s look at what separates the winning bettors from the rest of the betting public.

The first thing you have to do is decide what you are going to bet on. I know nothing about horse racing, so it would be a bad idea for me to choose that as my field of expertise. Most people interested in sports betting have been fans for a long time, so go with what you know and enjoy. The only way you’re going to be able to make a living betting on sports is by correctly picking the winners over 53.4% of the time against the spread, which will require research and effort. You can’t expect to pick up the paper Sunday morning and make money. The key is to look at this business for what it is, an investment opportunity, compare it to the stock market. The best brokers in the market are the ones that do their due diligence, follow their lead. The placing of the bet will be great at Mahirqq site. The picking of the best games will be done with intelligent decision of the gamblers. The wagering of the amount should be great at the place to meet the specifications of the gamblers. 

Once you decide what sport you are going to play, become a master at it. This ties in with my advice above of doing your homework. Find out what separates the winning teams from the losing ones. Look into the stats to see if there is a connection you can find between teams that cover the spread and ones that don’t. The majority of people lose money betting on sports because they bet with their emotions. To overcome this you have to bet logically. Treat betting as you would any other endeavor involving money. Would you put time into the decision of buying a house, a car or switching jobs? Think of this the same way, after all it is just as important.

Finally, be disciplined. You are going to lose at times. You are going to be down at times. Understand this form the beginning and come to terms with it. If you really believe you can win have the mental discipline to stick with the plan. Stock traders don’t bail out at the first sign of trouble, they know it will turn around, but you have to stay in the game to be able to take advantage when it does. Pulling out your money after losing only guarantees your loss.

A few things to avoid:

  • Don’t bet with money you can’t afford to lose. This is referring to the rent money.
  • Don’t chase after your losses. This means don’t bet double on the game after the one you lost because you are trying to make it back.
  • Don’t believe other people. If you are serious, do your own homework. Someone trying to sell you picks makes their money selling picks, not playing their own, keep that in mind. If you think they might be good get them to give you a free pick. If they don’t it’s because they can’t pick the winners.

You can make a living betting on sports, but it happens over time. Also, keep in mind that it takes money to make money. Don’t think that you can start with $1000 today and retire in a year. Do the math and set realistic goals. I am a handicapper and we provide all of our picks for free this entire year, how’s that for confidence in our abilities. We only make money when we win. You can check us out anytime at RLD and see how we do. Remember, at the end of the day it’s your money on the line, make smart decisions.

Sally is a professional copywriter with an experience of 15+ years. She wishes to share her keen knowledge of the online gaming world. Besides that, she loves watching sci-fi movies and is a tech enthusiast.