Making a Living From Sports Betting
While every sports bettor out there probably dreams about betting sports for a living, but thinks that it may be impossible to do, I'm here to tell you that it's definitely not an untouchable goal. Making a living from sports betting is definitely possible, but in order to do so there are just a few things that you need to remember in order to make sure that you are consistently bringing in a profit. Here we are going to cover the important factors that you need to take into consideration when sports betting, and these are things that are going to help you avoid those big losses, and also be able to grind out the results. Let's get into it.
» Money Management
Money management is HUGE in sports betting. If you can't manage your money correctly then you are going to find yourself in a tough spot and not being able to deal with the up's and downs that come along with sports betting. You need to be sure that you not only aren't OVER betting one day just in order to have some action on a game, and that you are only betting on the games that you really like. On top of that though, you need to be sure that you aren't betting too much in comparison to the size of your total that is in your sports betting account. This means that if you have $100 you can bet between $3-$5, but if you have $25 you should definitely be betting smaller than this.
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» Parlay Betting
Parlays are a great way to build up your sports betting account as they can pay out big time if you hit. The important thing to remember though when betting on parlays is to not bet as much as you would on a normal bet, as these are much harder to hit. A parlay is where you have multiple bets in one big bet, and you have to hit each of them in order to win your total bet. The thing is, you get a major multiplier from the odds, so paying $1 for a five or six team parlay can pay out huge, but make sure that you are only including games that you really like.
» Underdog Betting
If you can find good underdog betting options then it can take you a long way. Not only because of the odds that you will get for betting on these teams straight, but also because you can include them in small parlays and see a huge jump in the odds that will payout even larger. Don't get crazy when betting on underdogs though, because the odds can definitely make you place a bet that you really don't know much about!
Research is one of the biggest parts of sports betting, as you definitely need to know to look for the strong angles on teams night in and night out. If you take a bit of time to do research on games, you can potentially find some huge betting angles that can bring you a consistent profit night in and night out. If you don't take the time to do research then you are going to be essentially betting in the dark or on your own gut, which is a tough thing to do unless you really know a lot about the teams involved in the game.