The Life of a Professional Sports Bettor is NOT Easy
Published on October 11th, 2020 3:17 pm ESTWritten By: Dave Manuel
How hard is it to become a professional sports bettor?
I mean, for many people across the world, this life would be the dream. Waking up when you want, doing what you want, placing a few bets and then watching the games to see how you do.
The problem? This is not how professional sports bettors live.
Professional sports bettors (those who truly make their livings betting on sports) work HARD.
In fact, they probably work harder than most of the people with "regular" jobs.
They are constantly looking for edges. They are constantly crunching the numbers. They are constantly working.
How hard is it to become a professional sports bettor? Very hard.
To start - sports books have the edge over you.
In order to beat a sports book over time, you need to win more than 56% of your even money wagers.
This sounds easy but is actually very difficult.
So difficult, in fact, that very few people can do it with any consistency over time.
There is a reason why casinos in Las Vegas are so opulent - they were built with the money of overconfident gamblers.
Now, it certainly IS possible to make money betting on sports, but you will likely need:
1) A completely thorough knowledge of a particular sport to gain an edge
2) Fanatical bankroll management
3) Incredible work ethic
There have been many successful sports bettors that have been torched by poor bankroll management or a love of games such as blackjack.
Successful sports bettors treat their business like a business, while recreational bettors put their entire bankroll on their favourite teams.
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On top of all of that, if you do become a success betting on sports, there is a very good chance that your sports book will limit your action or even close your account. Some sports books do this, others do not.
It's a tough world out there for professional sports bettors - it's a grind and can be very frustrating on your best of days.