The idea of sitting in front of the TV at home and placing sports bets with various non GamStop bookmakers on the laptop, with which you can earn a living, certainly sounds tempting for many people. And in fact, some people can live very well with professional sports betting and earn far more than the common citizen who pants to the office, construction site, or workshop from Monday to Friday from morning to night.
We have dealt intensively with the topic of sports betting as a profession, name the basic requirements and important rules and finally allowed ourselves a conclusion.
Can You Make a Living From Sports Betting at Non GamStop Bookmakers?
The answer to this question is an unqualified yes. However, immediately after that, the note must follow that this only applies to a devastatingly small fraction of all people who like to place sports bets. In any case, you should not give in to the illusion of quitting your long-term job today to be able to pocket thousands of euros a month with sports betting starting tomorrow. It is also a false assumption that professional sports bettors only place their bets immediately before an event and otherwise just sit around lazily.
As in practically every profession, hard work is also the prerequisite for long-term and at least somewhat reliable success in professional sports betting. However, the latter usually does not appear from one moment to the next but only arises in a longer process. It is, therefore, clearly not advisable to put everything on one card with sports betting as a profession. Rather, it is advisable to start small and then dare more with a growing wealth of experience and better knowledge of the processes.
Entry into the Business: How to Become a Sports Betting Professional?
It is very important to be aware that sports betting is a form of gambling, and there are no guarantees of winnings. However, professional sports bettors understand how to minimize the risk of loss in various ways so that the bottom line is that there is a high probability of profits remaining. However, winnings are not guaranteed, which means that the dream of sports betting as a career for many people usually burst sooner rather than later.
In order to reduce the risk of loss while increasing the chance of winning, a few prerequisites are essential. So it is imperative to have an appropriate betting strategy, which may look different, but in any case, should cover some key points. As a first step, you should take a lot of time to create the key points of a strategy and remember that not everything will always run smoothly.
Basic Requirements for Sports Betting as a Profession
A certain amount of capital is absolutely necessary, which in the worst case, should not be missing to feed yourself and possibly a family. Accounts with many bookmakers are also required to always be able to bet with the best odds. And to be able to transfer money back and forth between the individual bookmakers not on GamStop as quickly as possible, we recommend modern payment methods such as the various e-wallets ( Skrill, Neteller, etc.). In addition, when it comes to personal betting strategy, one should concentrate on markets in which excellent specialist knowledge is available.
Exclude Risks
As a sports betting professional, you have to free yourself from any emotions but only follow the strategy that has been created and no matter how lucrative any additional bets seem to be. Because with bets that do not fit into the structure, you will usually make losses over a longer period.
The same is true for combination and live bets, which, while tempting, also involve increased risk compared to single bets placed before an event. With combination bets, the risk inherent in every bet increases with every selection, and with live bets, there is a risk of making mistakes under time pressure.
With pre-game bets, on the other hand, all eventualities can be thought through in advance, and the stakes can be selected based on personal risk assessment. In general, sports betting professionals are satisfied with comparatively small but regular profits. This is a consequence of the fact that bets are usually placed that can be classified as largely safe, which is also reflected in the respective odds.
Because even the best strategy will sometimes not work out, as a sports betting professional, you also have to learn how to deal with setbacks. If the worst comes to the worst, it is very important to keep a cool head and continue to trust the basic concept, including serious money management. On the other hand, ill-considered bets in the hope of being able to quickly compensate for the losses often lead to the negative spiral continuing, and the entire business is endangered.
Don’t Ignore Limits
Non GamStop bookmakers want to make money from their customers. Anyone who wins regularly is, therefore of course, not very welcome and a thorn in the side of the betting provider. Therefore, in this case, there is a risk that the personal betting limit will be drastically reduced, and a previously preferred bookmaker can no longer really be considered for future bets. If this happens gradually with most bookmakers with high odds, the return falls, and your own business is at risk.
Conclusion: Possible, But Not Necessarily Recommended!
It was only one sentence in our analysis, but from our point of view, it is crucial that sports betting is a game of chance that, when viewed seriously, is not suitable for creating a professional existence. The sports betting market, which has been booming for years, shows that the many and increasingly numerous bookmakers can live very well off the losses of their customers. In the long run, only a very small percentage of all sports bettors outweigh the profits. Belonging to this requires a lot of effort and skill as well as a lot of luck, which one day could suddenly be exhausted.