They do exist, maybe you have even met one. The guy or gal who claims to make a living betting on sports outcomes. The truth is, it really can be done, and many ordinary people do so successfully enough to provide for themselves and even for their families. If you’re a casual gambler then it’s probably just a case of putting some money on your favourite team and calling it a day. However, if you want to make some serious loot, then you’ll have to trust your head over your heart and learn some ways to maximise your chances.
Find a Great System
For the serious bettor, there are a number of tried and tested systems that are designed to increase your chances of ending up with a profit. Of course, nothing is guaranteed but if you’re feeling dedicated then you should commit to a mathematical strategy. This is not actually as complicated as it sounds, and it’s a system that is often used by casino aficionados to maximise their chances of winning at online casino sites, such as https://livecasinoonline.ca/.
Test suggest that the most effective of these staking systems is known as the Martingale strategy. This simply entails betting double after each unsuccessful bet, in order to cover the losses. Sequential losses will see your outgoings rise sharply, but it’s been shown that over time this approach is most likely to increase your bankroll. Coupled with some shrewd decisions based on sporting expertise, the Martingale system will serve you well.
Listen to Your Head
If you are keen on sports betting, chances are that you are passionate about sports. One of the biggest pitfalls of winning money on sporting events is betting with your heart and not your head. There’s nothing wrong with having a hopeful flutter on your team if they’re the deserving underdogs, and indeed in the event of a win the returns will be handsome. However, putting all your money on the team that’s only got a ghost of a chance is more likely to end in double dejection.
In the same vein, it’s important to keep a cool head even when the excitement is running high. Make it a rule not to wager in the heat of the moment, and most definitely avoid placing bets after having anything to drink.
Bet Against the Public
Keeping in mind that the majority do bet based on their heart, it’s often smart to bet against a team that is heavily favoured by the public. If a popular team has a particularly passionate fan base, or a high-profile player like Sidney Crosby, it’s likely that sports books will post soft lines to encourage more betting. A shrewd bettor can take advantage of these distorted odds to make some tidy profits.
Bet Small and Consistent
If you’re serious about making money from sportsbook, then you have to be prepared to play the long game. Give yourself a realistic bankroll that reflects your means, and bet little and often. A sensible rule of thumb is to keep it under 5% of your total. If you combine this rule with the Martingale system and some astute choices, you’re sure to see dividends over time.
The Bottom Line
It takes a bit of dedication and discipline but, with consistency and a cool head, making money on sports betting is perfectly achievable. It’s not a way to get rich quick, and if you get carried away in the heat of the moment then you stand to lose everything you’ve gained. Discipline is the key to success. If you’re a bit strict with yourself, then sports betting can be a fun and entertaining way to make money.