How to bet on professional sports

How to Bet on Sports: The First 12 Things Beginners Need to Know · 1. Favorites vs. Underdogs · 2. Spreads · 3. Moneylines · 4. Over/Unders (Totals). Ask any sports fan who the most famous pro sports bettor is, and you'll get a different answer. For our money, Jimmy “The Greek” is the most. In the simplest terms, take your entire bankroll and divide it by Each of these pieces how to bet on professional sports considered a single "unit". With most professionals, the. The most common way to bet on sports is through an online sportsbook. Online All online sportsbooks accept wagers on major sports (football.

Unraveling the Intricacies of Betting on Professional Sports

When it comes to the exhilarating world of sports betting, it's essential to tread cautiously and make calculated decisions to increase the odds in your favor. Professional sports provide a playground for betting enthusiasts, but understanding the nuances and strategies involved can be the decisive factor between success and disappointment.

Research is Key

Research forms the cornerstone of successful sports betting. Delve into team statistics, player performances, weather conditions, and injury reports to make informed bets. Understanding the history and dynamics of the teams you are betting on is crucial in predicting outcomes.

Manage Your Bankroll Wisely

Effective bankroll management is a non-negotiable aspect of sports betting. Set a budget for your bets and stick to it. Avoid chasing losses, as this can lead to reckless decisions. Dividing your budget into units and betting a small percentage of your bankroll per wager can help maintain control.

Understand the Odds

Understanding odds is imperative for any sports bettor. Whether it's moneyline, point spread, or over/under bets, grasping the probabilities implied by the odds is essential. Learning how to interpret odds and calculate potential payouts can enhance your betting strategy.

Shop for the Best Lines

Don't settle for the first odds you come across. Shopping for the best lines across multiple sportsbooks can make a significant difference in your long-term profitability. Small variations in odds can impact your winnings, so compare and choose the most favorable lines available.

Stay Informed

Staying updated with the latest news and developments in the world of sports is crucial for successful betting. Keeping abreast of roster changes, injuries, and other factors that can influence outcomes will give you an edge when placing your bets.

Conclusion

In the realm of professional sports betting, knowledge, discipline, and strategy reign supreme. By conducting thorough research, managing your bankroll effectively, understanding odds, seeking the best lines, and staying informed, you can improve your chances of turning a profit in the competitive world of sports wagering.

Professional Sports Bettors – How to Wager Like a Sports Betting Pro

How often do professional bettors win? Professional sport bettors rarely sustain long-term winning percentage above 56% and sometimes the lowest win rate of 53 – 54 %. The break even winning percentage of a profitable sports bettor is typically 52.4%.

How do you bet professionally on sports? Consistent bet sizing is essential for long-term success in professional sports gambling. You should develop a bet sizing strategy based on your bankroll and risk tolerance. Consider using a fixed percentage of your bankroll for each bet, such as 1% to 5%, depending on your risk tolerance and the size of your bankroll.

How To Become a Professional Sports Gambler

Are you just betting games that you feel strongly about. The professionals will usually have a system that they adhere to. Haralabos Voulgaris, who is considered the best basketball bettor in the world, developed a computer system called "Ewing" to help him wager on games.

Ewing uses a wide assortment of different data points to come up with games to wager on. While amateurs will bet on their favourite teams, professionals like Voulgaris are betting on any game in which they feel that they have the edge. You should pick sports that you feel very knowledgeable about and try to develop a system that you feel gives you an edge.

This is what the professionals do, while the amateurs will simply bet based on hunches most of the time. Follow the smart money. Have you ever heard the term "sharp". In sports betting, a "sharp" is considered the smart money - in other words, the professional gamblers.

Let's say that the Patriots are playing the Broncos in the Super Bowl. Now, there are two times when the "sharp" will be particularly active - shortly after the line is released and just before the game gets underway. You need to keep an eye on these two times to see what happens to the line. For instance, let's say that the Patriots open as 8 point favorites over the Broncos in the Super Bowl.

Keep this in mind, as it likely means that the smart money was betting on the Broncos heavily after the line was released. In the weeks leading up to the game, the amateurs will bet their money on the game, which might push the line back to where it was when it first opened. The professional gamblers will sit patiently and wait until just before the game starts to place their bets.

There are plenty of resources online in which you can read about where the sharp money is betting their money. Ask yourself this question - would you rather be on the side of the smart money or the dumb money. Look for value. How to bet on professional sports If you like the Yankees and enjoy betting on them, you should realize that you are an amateur gambler and will likely be separated from your bankroll in a short period of time.

This requires you to shift your way of thinking, but this shift will likely be profitable over time. For instance, let's say that you really like a particular football team's chances against one of the better teams in the league. You think that they will win 4 out of every 10 games, given the fact that the favoured team has been struggling as of late and the underdog's running back has been breaking out as of late.

Now, if you are this confident in the underdog, you HAVE to make this bet, even if the underdog ends up losing. You need to think about things over an extended timeline instead of on the basis of individual games. For instance, if your reasoning is correct and the underdog has a tremendous amount of value, over time this will be a profitable wager.

Again, you need to look for value. This is what professional gamblers do, and this is what you should do too. Professional sports gamblers are always looking for that single piece of information that might be able to put their wager over the top. How do the Patriots play on the road in warm weather?

How do the Red Sox play following losses in the first two games of a series. How does Chris Sale pitch following a loss. Professional sports gamblers will have access to some of the best information and statistics available, and they will fold all of this information into their systems before they place a wager.

The professional sports bettor is constantly crunching data in order to try to find an edge. If you want to be a serious sports gambler, you need to spend a great deal of your time reading and poring through numbers and data. Access to Multiple Sportsbooks. The problem with being a successful professional sports bettor?

Some sports books won't want your business. Sports books are in the business of making money, and if you end up winning on a consistent basis, there is a very good chance that your sports book will either close your account after paying you out or reduce the size of your bets the likelier option. For this reason, having a number of different sports books opened under your name is always a good idea.

Don't rely on one sports book or you may end up getting shut out just before a big game, and you don't want to be scrambling to send money to another book. Have at least sports books open and ready to go. The final piece of the puzzle - professionals remain patient and wait for their price, while amateurs jump the gun and just want to get a bet down, no matter what.

But all sporting events have their own set of variables, and each one may contain a nugget of insight into how things will shake out. Some basketball players play better with certain teammates or hit certain metrics when coming off the bench. Some teams cannot play in cold weather.

This research can help you read a point spread better or lead you to better player props. This type of game information can be the difference between winning by one point or losing by Your research and strategy should lead your betting odds selection, not emotion. This is the main pitfall for bettors. Betting on anything is obviously risky; even the pros know that.

After all, not all of us have multi-million dollar contracts to fall back on. Responsible gambling is the key to a positive wagering experience. You can also find more information by visiting the official website or speaking to customer support at your preferred betting site. Some professionals have experienced down years where they have seen their bankrolls extremely diminished, which is why each bettor has their own strategy and system they use.

Of course. Full-time sports betting professionals do exist and their betslips are works of art. Anyone can become a sports betting professional, but it takes time. Each of the professionals on our list has spent years refining their craft, understanding trends, and analyzing stats, as well as utilizing specific money management strategies and betting systems.

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He has been covering online gambling and sports betting for over 15 years, having written for the Racing Post, Oddschecker. Now based in London, Gavin is a big sports fan, particularly when it comes to horse racing, soccer and cricket, and is also a keen frequenter of the Sheephaven Bay in Camden. Explore the latest in tech with our Tech News.

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He has been covering online gambling and sports… All Posts by Gavin Beech. Last updated: 7 March, When you buy through affiliate links in our content, we may earn a commission at no extra cost to you. How much money do you need to start sports betting Learn how our funding model works. By using this website you agree to our terms and conditions and privacy policy. Why Trust Us.

We uphold a strict editorial policy that focuses on factual accuracy, relevance, and impartiality. Our content, created by leading industry experts, is meticulously reviewed by a team of seasoned editors to ensure compliance with the highest standards in reporting and publishing. What is a Professional Sports Bettor. Billy Walters Billy Walters began his sports betting career at the age of nine when he took the money he made on his paper route and bet it on the New York Yankees to beat the Brooklyn Dodgers in the World Series.

Register with BetOnline and take advantage of their generous welcome bonus. Learn More. You need a decent bankroll to begin with, and you should manage it smartly. Always look to refine your betting strategy and do not hesitate to hedge your bets every now and then. For more related to this topic, be sure to read our in-depth sports strategy guides.

Hi, I'm Matteo, a writer who's passionate about all things sports. The typical weekend for me revolves around being glued to all things football on TV, ruining my Fantasy Premier League team, and getting off my lazy butt for a run. Check our help guide for more info. Try to Eat our cookies We use cookies to optimise your browsing experience on our platform.

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