Is it possible to profit from sports betting?

Sports betting has a glamorous aura of profit and riches, but for how many punters is this a reality? The reality is not many, but for a chosen few it is not outside the realm of possibility. Turning a profit from sports betting is a road of discipline, disillusion, and modest expectations. Below are a few tips on how to structure a successful betting portfolio.

Value

To profit in the long-term, one must aim for each bet to be valuable. A valuable bet is one which you believe has a higher probability of success than the bookmaker does. If one only makes valuable bets over a long period of time, in theory one should always come out with a positive return on investment. The hard part is learning how to spot value, which takes experience and a deep understanding of one’s preferred competition.

Money Management

Smart punters never wager all their money at once. Rather, they break it up into manageable chunks to spread their risk as they roll out their betting strategy over weeks and months. By setting limits on how big a bet can be, worst case scenarios are pretty controlled and you have time to adjust your strategy.

Statistics

It is often assumed that to bet on sports one needs to understand sports. Not necessarily, as it is the statistical data which must be understood. In theory one could bet based on numerical charts without ever seeing the ball roll. However, it takes time to develop an understanding of how different data points evolve from match to match, so keeping careful track of the relevant players and clubs over time is essential to knowing what you are in fact wagering on.

Conclusion

The above key points all end in discipline. Putting in the effort every weekend to ensure the wisest risks taken. Many are unwilling to do this, and for good reason. That is why sports betting profit can’t be for everyone, as it is simply too much work.

RJ Frometa
Author: RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

About RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

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