Many casual punters gamble as a pastime or visit a casino occasionally. For gamblers who make consistent gains, it can be tempting to quit the day job and start a career as a professional gambler. Making a living through betting is no longer just for shady characters who hang out in pool halls. With the internet servicing clients around the world, being a professional gambler is now popular with the younger generations.
Getting Started
Once you have decided to try your luck with betting, take some care to guarantee you the best start in your new career. Opening a bank account from which to make bets will keep your business earnings and personal funds separate. Be strict with what sports you will bet on if you have a good track record at hockey and basketball, then stick with them.
Never look to gamble on sports or events you are unfamiliar with as your chances of being successful will be a lot lower. Organizing a calendar or schedule of what you will be betting on will help to keep you focussed on the fixtures you can make money from, rather than wasting time on fixtures with which you can’t.
Who to Bet With?
No matter where you live, there are thousands of betting platforms available online and deciding on one of these can be challenging. A smart gambler will always have multiple accounts with different bookmakers to give them different odds, points differences and promotions. A minimum of three accounts is advised for professionals to provide them with a full view of odds available.
Many platforms will offer free odds calculation tools which are crucial to letting you see what winnings you will get from various stakes. Initial joining promotions are common for bookmakers’ websites and some are good to give you some free bets or improved odds when you start with them. The promotions can be beneficial but always check what odds you get offered ongoing to make sure you get the best returns.
Different Betting Types
Betting has grown as fast as the internet, and we have many different types of bets that can be placed on an event. It will set you up for a prosperous career if you fully understand how each bet works, find out what suits your style best and stick with it.
Point spread betting is what a bookmaker will offer on any given fixture. The New England Patriots were a +2 spread at the recent Super Bowl versus the LA Rams, and this means the bookmakers expect the Patriots to win by 2 points. The game finished at 13-3 in favor of the Patriots, so they beat the bookmakers by 8 points. Point spread betting can be useful when backing the underdogs who have a low minus point spread.
Parlay, or multiple bets can generate large winnings, but great care needs to be taken as expecting many bets on one fixture to come in can be grasping at straws. A parlay bet may consist of more than one element in a bet, so you can predict the winner, the amount of 3 pointers in a basketball game and who scored first or last. Parlay bets are more suitable for experienced gamblers as the risks can outweigh the positives.
Sticking to Strategy
Having the will power or common sense to stick to your original game plan will differentiate from who will succeed and who will run out of bankroll. A common problem many people face is chasing money after a losing streak, and this should be avoided at all costs as it is a quick way to lose all your money. In the same token, trying to keep a winning run going has also ended many gamblers. Remember to stick with your plan, and bet when the odds are in your favor.
Give It a Go
Starting a career in gambling can be done while still working a full-time job, even if you are unable to commit full time. Keep your bets at a pre-determined level; most people will only bet one or two percent of their total bankroll. You are not trying to become rich in weeks, and this is a long-term plan that needs self-control. Remember to keep all finances separate, so you know exactly what money is available to invest. Modern betting platforms offer low stake limits so take advantage until you are comfortable to increase your stakes, so there is no reason not to get started today.
