Gambling is a hobby for many people – some may go a step too far.
But besides the above we also have people who treat this as a full time job. These people are not registrars who got lucky on some big bets, they know what they are doing and what it takes to beat the bookmakers (sorry for the stereotype).
Of course, it’s far from easy. If it came down to sitting on the couch all day and winning bets, everyone would. On the contrary, it’s a slog, although there are ways to maximize your chances of success. Today’s post is focused on how to do this as we are looking at some of the most important tips if you want to join the professional gambling group.
It’s not always about choosing winners
One of the biggest misconceptions about professional gambling is that you will always pick winners. As it turns out, this couldn’t be further from the truth.
The reality of professional gambling is the choice of value. You may find many of these bets unsuccessful, but given the fact that you will find value in your bets, it doesn’t matter.
It means you need to understand the odds of winning through something like The Bet Calculator before doing any research (more on that later) and figuring out what the actual odds should be.
For example, you could bet on Liverpool every week in the Premier League, but so would most of the other players (at least they were statistically in 2018). Ultimately, the bookmakers know that and the odds are ridiculously low. Sure, you could win most of the times, but this is not a value bet because of your returns.
Instead, most value bets are outside of these top divisions.
The Truth About Value Betting
We could really do a dissertation on value betting as this is where the money for professional gamblers lies. Sure, you might not have a clue about non-league football in France, but the great thing is that most bookmakers don’t pay much attention there either. It means there are a lot more chances that they misinterpret the chances. Additionally, as the markets are smaller, Punter’s odds are less likely to be affected.
If all you want to do is one tip as of today, look up and far for your sporting events to bet on. The more mainstream it is, the less likely the bet is to have any value.
Learn more about bankroll management
Finding value bets is all well and good, but as we suggested earlier, you won’t win every single one. This means that a solid bankroll management system is a must and you shouldn’t be wagering more than a small percentage of your bankroll on any bet. You could go through stages where you lose ten or even more bets on the spin. However, if you only bet between 1% and 5% of your bankroll it will not destroy your new career right away.