Betting for a living

• Sport Betting
• Online sport betting can be a hobby, a welcomed distraction from the daily routine, an exciting way to earn some cash from time to time while enjoying sports events and of course a vice. The question is if this habit can evolve and become a way of living by bringing a steady flow of money, allowing the punter to earn his income exclusively by sport betting.
• Some older folks that are regular customers for the online bookmakers will probably tell you that this is nothing more than a foolish dream, and would definitely take the time to tell you how they’ve missed huge winning in astonishing contexts with bad luck and bad beats that defy logic. On the other hand, there is a new breed of punters who work as tipsters for various sites or clients, who are living proofs that online sport betting can be a full time job, as they spend plenty of time gathering information before placing each online bet.
• We’ll try to give here a few tips that should prove helpful to both newcomers and long time punters, aiming to improve their results and to maximize the winning without jeopardizing the bankroll. There are some basic facts that should be well known by anyone who is willing to invest money in the volatile world of online sport betting, and knowing these details can sometimes make the difference between a winning player and a constant loser.
• The Bankroll
• The bankroll is the cornerstone of any successful sport betting plan and establishing a budget for your future endeavors is the first step anyone must take before plunging into the online sport betting system. It’s very important to set the value right and start with a online betting bank that is large enough to make the effort worthwhile without risking too much either. It’s paramount to have a distinct budget for online betting and one for other expenses and they should never be mixed up, regardless of the circumstances.
• Setting you monthly bankroll is just the first phase and the next logical step is choosing your daily stakes or even better the units willing to invest on each sporting event. Many experienced tipsters believe that these stakes should be no higher of 5%, but then again their bankroll is considerable, so for the regular punters, setting the stakes as high as 10% of the online betting bank (but no more) is acceptable. It’s wise to be very strict about these online betting units and always bet the same amount on each game, because in this way you’ll minimize the risks of going broke after a bad beat and it is also easier to keep an accurate track of your online betting results. One of the most frequent mistakes that most people commit is to raise their stakes once they hit a good run, or worse, doubling them up after a major loss.
• Losing your grip on the online betting systems and making exceptions after winning a few games in a row is a mistake, because once you get unlucky a few times all your winning will go to drain and it’s most likely that you’ll find yourself in a hole. Chasing losses is even worse because after you lose a couple of games there is a good chance that your next pick will be equally inaccurate and the results can be catastrophic. The bottom line is that setting your monthly online betting bank and the stakes for each game will limit the risks of going broke after a losing streak, and even after a lengthy drought you’ll still live to fight another day, which is very important in the unpredictable sport betting environment.
• Online Betting systems
• Many punters have personal sport betting systems that they’ll follow to the grave even when it is clear that the outcome can be no other that bankruptcy, while others are reluctant to follow any pattern and focus entirely on isolated events. We won’t try to find the best online betting system here, but we’ll take a brief look on some of the most popular ones.
• Established tipster will always recommend their clients to stick to the single bets and try to find value in the odds before placing each bet, because this is the only way you can really win on the long term. Choosing to bet only on single bets is of course the right choice because the risks are minimal this way, but on the other hand few punters are truly able to spot real value in odds; it requires extensive information gathering and a lot of time in analyzing each fixture before being able to recognize the worthy online sport bets, but it’s an effort worth taking if you plan to dwell on sport betting. Overconfidence is the most dangerous thing for newcomers who believe they can discover value and trick the online bookmakers, but they must know that online bookies are masters of deception and should never be underestimated.
• While the single betting system based on value sport betting is a good choice if you have the knowledge, Combo Bets and the Martingale Betting System are always long time losers. Combining more events on the same sport betting slip greatly increases the odds but they also insure the risks grow exponentially and this turns sport betting into gambling which is exactly what we try to avoid. The Martingale Betting System is even worse because the amount won after each successful online betting round is unimpressive while the potential loss is equal to your entire bankroll, and it’s just a matter of time before the tragedy occurs.
• Sensible gambling
• I personally dislike the term, but sensible gambling is probably the best idiom to describe this vital element every accomplished punter must take into consideration, a critical ingredient for any successful online sport betting recipe. Besides setting up a bankroll and the rigid stakes for each bet there are some other stuff to be dealt with, such as setting daily limits, scheduling breaks and pre-determining the limits which once reached trigger the withdrawal of specific amounts of cash from the bankroll.
• Even the experienced tipsters are sometimes tempted to back more teams they feel that are favorite to prevail, after recording impressive winning streaks in a single day. This is of course a mistake because it will lead to wrong decisions due to the lack of time for gathering information about games you didn’t plan to bet on, or even rejected after the first scrutiny and the exhaustive analyze that followed. Such games will always look safer and the odds higher, if you won a lot in a given day, but betting a single cent on a match you have doubts about, simply because you are riding a hot streak, is a huge mistake.
• In the online sport betting world, hot and ice cold streaks alternate and it’s downright stupid to squander the winning made during a bountiful sport betting session. Rookies are even more vulnerable, and if they succumb to this temptation than their sport betting career will be short lived; placing online bets on games you know little about just because the odds are high and you assume that it’s affordable to lose a bit out of the winning is the beginning of the end.
• Successful sport betting must have more than the intrinsic satisfaction and the only way to transport the inherent contentment generated by a successful month is to withdraw a part of your winning and spend it in the real world outside the unstable circle of online sport betting. By setting your own goals and limits to be reached before a withdraw is going to be processed you not only insure a rock solid bankroll but also get the chance of enjoying the benefits of your effort. If bad luck strikes and the next sport betting period is less successful you still have the pleasant memories from your previous investment and this is very helpful in preventing depression and discontent.
• Online betting for a living is possible and of course rewarding but to be perfectly honest it’s a much more difficult endeavor than most of the day jobs, and as time consuming as many of them. Even if you’re not bound to a strict timetable and you are your own boss, professional sport betting requires full focus, nerves of steel and an unyielding will to continue after each major setback. So it’s only fair to say that the right thing to do is to take breaks regularly, unwind and think of anything else but sport betting for a few days, and of course take a vacation from time to time.
• These should be regarded as a bunch of friendly advices rather than a set of strict rules, but their value has been proven on various occasions and are a worthy addition to any compendium of suggestions about professional sport betting.