Professional sports betting is the term used to describe bettors who make a living betting on sporting events. While some bettors make betting on sports their profession, others work full-time and also bet on the side. You can now bet anywhere and at any time via the internet. Professional sports betting is just like any other type of speculation, such as stocks or foreign currency. It requires discipline and good money management to be successful. Sports betting is not like other financial markets. There are only two possible outcomes. You either win or you lose. You should win at least 55% of your wagers. If you place 2000 bets at this win rate, you’ll have 1100 winners as well as 900 losers. If each bet is equal in size (2% of your capital), you will get a return of 400%, before expenses. This is a very impressive return. This kind of result requires a lot more discipline, as many of us let our emotions get in the way of our judgement. These are some tips to help you win at betting.
1. Manage your funds. It has been estimated that nearly 99% of those who wager on sports lose their money. A successful sport top online betting sites strategy requires good money management.
2. Determine the size of your investment. Limit it to the amount you are willing to lose.
3. Limit the amount you invest in each bet. In general, you should only spend 1% to 5% on each bet. Let’s say that you invest 2% but have 10 consecutive losers. Your capital will remain intact at 80%. Keep in mind that the more capital you lose, the less you can earn on it to keep your balance. For example, if 50% of your capital is lost, you must earn 100% to return to your starting point.
4. You can increase or decrease the size your bets after carefully considering the situation. If your starting capital is greater than 150%, you should consider increasing your bets. If your starting capital falls to 75% or 80 percent, you should reduce the size your bets.
5. Don’t try to make quick money. Focus on slow, steady growth of profits. This technique is known as “scalping” in financial speculation. Unskillful betting can lead to disaster. This is especially true for the Martingale strategy, which doubles the size of every bet that follows a losing one.
6. Do your research. Make sure you are based on facts and not just guesswork. You will eventually develop a system that you can use continuously over time.
7. Don’t let failure or success get in the way of your system. Keep your system going and keep your trading discipline.
Professional sports betting should be treated like a profession. Your capital should be considered an investment in your profession. This investment should be treated as you would any other business investment.