Can you turn Sports Betting into a Career?

 Could you make Sports Betting your career?

Since the Supreme Court's May 2012 repeal of PASPA Law, sports betting has been legalized in more than 20 states. You have many options if you've always wanted to bet on football but haven't had the time to travel to Las Vegas.

However, how lucrative is sports betting? It's possible to make a decent living at it. Experts believe it is possible. Although very few gamblers claim to be professionals, there are still some who make their living by beating the bookmakers.

William Walters

William Walters is an example. Although controversial, Walters, a 73-year old sports bettors has made more than any other athlete in his lifetime. Walters has wagered hundreds of million of dollars in his career and maintained profitable records throughout.

After being convicted of insider-trading in December 2013, he has stopped gambling. However, he was an eminent sports betting magnate in his prime. Walter's methods were even studied by bookies.

Walters' employees tried to imitate him innumerable ways. Walters may not have made as much gambling on sports as Walters but he is proof that betting on sports can bring in millions of dollars.

It's not hard to see that many gamblers lose money. It is high risk. But how do you become a professional sports betor?

Profitable

Walters is one of the most gifted gamblers. To become a professional gambler, you don't necessarily have to be a genius. You must win 53% or greater of your bets in order to become a profitable gambler. According to studies, less than 1% Americans have a track record of being consistently profitable.

It's not an easy feat to crack 53% of your monthly betting bets. You need to be able to perform match analyses. You must have a strong work ethic, and the passion that only a passionate person can show for their job.

To be able keep profits, you must put in a lot of effort to improve your skills. ESPN reports that Walters, despite his youth, is considered one of the most skilled people they have ever met. He came from humble Kentucky and has worked as hard as ever since he was a youngster.

Bet on Reliable Bookie Sites

Bookies love players who lose a lot more than they win. You want peace when you gamble on betting platforms. You don't need to lose so much money at bookmaker sites and casinos that you are banned from them.

Quality customer support and fast payments are important. You also want to be able to wager at competitive odds. These are the services that you will only get by placing your bets on the best betting websites (2019 update). Walters is just one example of a career gambler who uses multiple bookmakers for their bets.

First of all, multiple bookies allow you to compare their odds and make the right choice. You can also compare their quality and have another option if you need it. For high rollers such as Walters, it is possible to bet on multiple websites and avoid any scrutiny by the betting companies.

Walters, for instance, has a network employees that execute his orders. They are able to carry thousands of dollars around Las Vegas and make exact wagers as directed.

Be disciplined and patient

J. Miller, an ex-TV scriptwriter and professional gambler, said that gambling takes patience. Miller, in an interview with The New York Times, admitted to having lost all his weekly wagers back in 1985. Losing a whole week of bets can lead to enough depression for a beginner to give up the game.

Miller advises that to avoid losing regularly, you must also learn how to gamble. The former gambler said patience is not enough. To reduce your losses, you must learn how to properly place bets.

A professional must have discipline. While you may win all your wagers on one occasion, that doesn't necessarily mean you should be wagering all your money on the next. Gambling is a way to make a living. You need to win small amounts of money every week. You'll have the income to support your family and pay your bills.

Strategize and set goals

Professionals don't bet on impulse. They know how to locate the best markets for betting, what data to use and how to bet. Professionists place bets based upon facts and statistics, unlike amateurs who might wager on a team just because they like it.

Bettors can analyze statistics about injuries, form and motivation for soccer, basketball and football. If one game isn't suitable for their criteria, they will look for another.

Professional bettors use goals to guide them. Professionals want to make a specific amount per month. The average professional also has a goal for each bet. Smart gamblers often aim to win more money than in the past. This keeps them busy learning how to maximize their profits.

Keep and use your records carefully

The best business people keep records of their profits and losses. They review these records over time to determine their record. Professional gamblers also keep records of their wagers in order to improve their future performances.

Knowing which data isn't affecting betting outcomes is easier if you have previously used that information. The records are also necessary to analyze your past bets and identify which ones have performed better. You can learn from your mistakes and make better decisions for the future.

Also, the records are required for tax and legal purposes. If professional gamblers are able to prove that their primary source income is from betting, they may be eligible for tax deductions. Gamblers do not pay taxes in the UK or other countries.

To End

While many people would love to make millions through sports betting, few do. A full-time career as a sports bettor can be risky and costly. These tips will help you become a better punter. How to Become a Professional at Football Betting