How to become professional sports gambler

New customers only. Professional sports betting usually deals with small edges. Professional Betting Useful Resources Stats Instead of just trusting your feeling in order to beat the bookies, as a punter, it is important to use stats. Once you know how to use, manage, interpret and even create your own stats, you are on your way to a more profitable Here at TPP, we offer excellent football stats range of markets across all major countries and leagues.

Bet Calculators Betting math is essential for any aspiring punter. Try our betting calculators to save yourself time and effort. Build Your Bankroll Building a bankroll is often what separates the beginners from the sports betting pros. If you want to bet like a pro, you will also need a sum of money to start off with.

While some professional sports bettors start with a large bankroll, other slowly build it up from scratch. Manage Your Bankroll Bankroll management is also key. Once you have decided on which event and outcome you want to bet, you will also need to decide how much you'd like to wager.

Useful Betting Strategies When Betting Professionally Besides looking for and determining value, there are several betting strategies which can ultimately make a big difference to your bankroll. These include arbitrage betting , hedge betting , matched betting , using statistics, chasing steam, or even using betting software.

For further, detailed guidance, check out our article on sports betting strategies. How Not to Get Gubbed Another thing bettors should always look out for is gubbing. Gubbing is when a bookie limits your access to promotions like free bets or deposit bonuses — some bookies even limit bet size. This often happens to successful bettors who win large amounts of money through matched betting or arbing, but is sometimes simply due to the fact that you have won too much money.

A good way to avoid this is to use betting exchange sites , as you will be betting against other punters, not the bookie themselves. For more information, head over to our article on gubbing and how you can avoid it. Personal Traits Needed for Professional Sports Betting In truth, there are no specific requirements for anyone seeking to become a professional bettor in sports.

Any determined person could succeed. With that said, there are certain traits that one may want to work on if betting like an expert is the end goal. The most obvious is having a real interest and knowledge in sports. You don't necessarily need to be a hardcore fan — and perhaps, you may not even want to be. After all, it is incredibly important that you do not let your emotions interfere with your predictions.

In addition, the promise of money may not always be enough to keep you hooked. Knowledge is also incredibly important. Getting used to working with numbers is also crucial. Another important trait is having the ability to control yourself and not let things get out of hand. It's important to always remain disciplined and not to bet beyond your means.

If you don't reason logically and allow yourself to get carried away, things can easily go south, leaving you with a significant dent on your earnings. Maintaining a realistic outlook is also important. Yes, betting can lead to big wins, but it takes a lot of time and skill to become a real expert. As with anything else, good things take time to develop; patience, therefore, is a virtue here. Finally, many ask if attending courses is a necessity.

It is not, but if you do have the time to enrol in one, it can't hurt either. Betting studies typically teach the average player a few tricks and skills that will almost certainly boost your abilities. Set Goals In order to track your progress and keep your spending in check, you should set specific goals and work towards them. Who is the umpire? Has the weather forecast changed? As it gets closer to game time, more and more information comes out.

A big impact on the odds for any sport is starting lineups. When Vegas or the betting markets are late to factor in new information, it provides valuable betting opportunities. That being said, line moves can happen quickly, so getting in either right when the market opens or right when new information drops is going to help you maximize your Expected Value EV.

Prop Bets Are Your Friend… The most commonly available and heavily bet markets are the game-level ones. Team Moneylines. Game Totals. Team Spreads. Betting markets with lower limits and are often harder to price, like player props i. So these markets are the ones you should be targeting if limits are not a concern. Sportsbooks are aware of this mentality and may take advantage of it by offering less favorable odds, forcing you to sacrifice EV for the opportunity.

But because the vig the cut the sportsbook takes on each of your bets gets multiplied, the more bets you add to a parlay, the less true value you subsequently have. While there are usually exceptions to every rule, avoiding parlays is generally sharp. Instead, opt to more gradually grow your bankroll over time with intelligent standalone bets. Everyone knows the Dodgers are great.

Everyone knows Gerrit Cole is great. Every time Cole takes the mound, the Yankees are more likely to win than lose. But how much more likely? Oftentimes with ace pitchers, the market odds are inefficient. If you are going to bet on games, betting on underdogs and against known great teams can often provide more value opportunities despite the long odds.

As a result, you may win less often BUT win total money over a large sample size. And you want to decide on these bets by using an intelligent process. By looking at each game through the lens of probability, you can better identify potential value opportunities. EV Analytics will be offering a full suite of sports betting data tools, allowing you to save time by aggregating all the indispensable information you need.

You can make the right decision and still lose. And that will happen. A lot. Over time, a strong process will win out, and having the right mentality to withstand the swings is huge. Stop betting for a day or a few days or a few weeks or whatever you need, regain your composure, and start back up.

After all, this is sports.

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Your business should be built for long-term success. As such, set long-term goals. Be mindful that focusing on anything but those long-term goals has sub-optimal in helping you grow. Do not concern yourself with short-term variance. If you try to have a winning day, every day, you will only frustrate yourself.

A winning month is nice, but it is not a metric you need to base your success or failure on. The IRS bases your success on a year-long scale and you should probably use this as your standard of measure as well. It is the tool you use to make more money. Money won or lost is how we keep score. It is our reward at the end of the journey. Money is also something a Professional Gambler has to view much differently than most people.

As such, they protect and value their tools above all else. Likewise, a Professional Gambler needs to protect and value their bankroll as it is the tool they will leverage for income. It is the tool you are using to hopefully gain a return. If you win, you can then subsequently wager those earnings in the future.

You will be wielding a bigger tool for the next job. Conversely, If you lose, you have fewer tools for the next job. This is also why proper bet sizing is important. You cannot be too reliant on the result of any single wager for the future viability of your business. Becoming Desensitized to Fluctuation You not only need to view your wager as just a fraction of your bankroll, but you also need to view the fluctuations in your bankroll as inevitable and natural events.

Precondition yourself to the realization that the current amount in your bankroll is just a single point in time. It will always be moving as long as you are making bets with it. This is why tracking your EV is much more rewarding than hawking your bankroll. Over time, the two numbers will converge, but being completely in step with your EV is rare. Your bankroll is always going to be fluctuating around your EV. This is where the reality of being a Professional Gambler really diverges from the fantasy of it.

To most people, making a living from betting sports might afford them the cars, home, and lifestyle that they desire. However, in truth, much like taking money out of an investment, there is a great opportunity cost if you operate that way. The best thing you could buy with your winnings is a bigger bankroll. If you remove money from your bankroll to fund discretionary spending, you are removing tools from your toolbelt and removing future leverage you have in betting.

Eventually, you may reach a point where bankroll size relative to what you can actually wager makes further bankroll growth inefficient. How A Professional Gambler Handles Losses As mentioned, a key component of the Professional Gambler mentality comes from your ability to the ups and downs of the job. However, your ability to handle losses is far more important than your ability to handle wins. Put more work into your mental fortitude for dealing with losses than any other mental aspect of your game.

It is Never a Material Loss A big trap bettors fall into is thinking about money lost in terms of opportunity cost to something they could have purchased with that money. If you view your bankroll money in terms of purchases you needed to make using that money, then it was never really part of your bankroll.

Any gain or loss in your bankroll is not representative of any material object. Focus on that increase in EV rather than the decrease in AV. It will do wonders in terms of accepting a loss, even a gut-wrenching bad beat. However, what if you have to deal with a punishing string of losses. Every bettor goes through this. How you deal with an extended downturn is another major component of being able to handle losses. Here are 3 ways to deal with a losing streak.

Pause : Take a break for a day, a week, several weeks. However long it takes for you to no longer feel like you are cursed. Adjust Your Stakes : Lowering your bet size is sub-optimal for bankroll growth, but it is better than raising your stakes to compensate for recent losses.

Shift Your Focus : If recent losses are in your head, get them out of your head by focusing on something else. Focus on a hobby, or focus on betting a different sport. When your confidence returns, resume your betting. Notice the advice did not include re-evaluating your angle, work to see if the market was now more efficient, or try to find new outs for the bet. Those steps should be taken frequently whether you are winning or losing. This brings us to the next necessary mental component of being a Professional Gambler.

How a Professional Gambler Handles Wins While less important than how you handle losses, the way you handle wins is still imperative. That is just the way the human brain works. The dopamine high from significant wins tends to decrease over time. Assess Your Results The natural intuition is that when you are winning, you do not want to change a thing.

However, if you work just as hard on the way up as you do on the way down, you will be in much better shape in the long run. Never let winning be your deodorant. Be vigilant about whether there are ways you can improve your edge despite good results. Maybe it is the allure of being your own boss. Perhaps the travel and the mental challenge is the draw.

However, overwhelmingly it is the seemingly supernatural ability to make money where the odds are literally stacked against you. What does it really take to be a Professional Gambler though? In this article, we are going to explore the professional gambler mentality needed to succeed. Sometimes the toughest opponent is in your own head.

The Truth About Professional Gambling Since we are focusing on the mental game, we will step over the very necessary components of having a bankroll and more importantly, an edge. The first point to consider is how realistic are you being in pursuing this income source. How much can you make at this? Is your edge quantifiable and sustainable?

If you are basing your pursuit of this career on just recent past results, you probably are not being very realistic. Have you considered how you will deal with all the regular expenses of life outside of your gambling? Health insurance, cost of living, etc. If this is your sole source of income, you will be self-employed. You will need to understand self-employment laws and taxes and even retirement benefits. Then when that list no longer presents barriers to entry, you are ready to make the leap.

Do you have the temperance to be a Professional Gambler? If you are betting sports as your source of income, you will have to put any team allegiances aside. Can you bet against your favorite team if the situation dictates? Everything in professional gambling comes down to a math equation. Do you have Expected Value EV in your betting situation? Having that Professional Gambler mentality requires having that focus 24 hours a day, 7 days a week.

There are concepts such as Cover Betting and Account Seeding that are good discussions to have, but for most aspiring professionals, you need to be rational in how strict and disciplined your approach will be. Professional Gambling Is More Than Just Results For any Professional Gambler, and especially a sports bettor, it is natural to view wins and losses as a scoreboard as to how successful you are.

Sports are built around that. However, to be a Professional Gambler, you need to disassociate yourself from the results. The problem is, winning results can mask losing behavior. Using tools like the Unabated Closing Line Value Calculator can help you determine if the market believes you had an edge.

Enter your wager and the closing line to determine your edge relative to the closing market line. Long-Term v. Your business should be built for long-term success. As such, set long-term goals. Be mindful that focusing on anything but those long-term goals has sub-optimal in helping you grow. Do not concern yourself with short-term variance. If you try to have a winning day, every day, you will only frustrate yourself. A winning month is nice, but it is not a metric you need to base your success or failure on.

The IRS bases your success on a year-long scale and you should probably use this as your standard of measure as well. It is the tool you use to make more money. Money won or lost is how we keep score. It is our reward at the end of the journey. Money is also something a Professional Gambler has to view much differently than most people.

As such, they protect and value their tools above all else. Likewise, a Professional Gambler needs to protect and value their bankroll as it is the tool they will leverage for income. It is the tool you are using to hopefully gain a return. If you win, you can then subsequently wager those earnings in the future. You will be wielding a bigger tool for the next job. Conversely, If you lose, you have fewer tools for the next job. This is also why proper bet sizing is important.

You cannot be too reliant on the result of any single wager for the future viability of your business. Becoming Desensitized to Fluctuation You not only need to view your wager as just a fraction of your bankroll, but you also need to view the fluctuations in your bankroll as inevitable and natural events.

Precondition yourself to the realization that the current amount in your bankroll is just a single point in time. It will always be moving as long as you are making bets with it. This is why tracking your EV is much more rewarding than hawking your bankroll. Over time, the two numbers will converge, but being completely in step with your EV is rare. Your bankroll is always going to be fluctuating around your EV.

This is where the reality of being a Professional Gambler really diverges from the fantasy of it. To most people, making a living from betting sports might afford them the cars, home, and lifestyle that they desire. However, in truth, much like taking money out of an investment, there is a great opportunity cost if you operate that way. The best thing you could buy with your winnings is a bigger bankroll.