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Betting articles - How to become a professional bettor


How to become a professional bettor

Quitting your day job and living the life of a professional bettor is every gambling man’s dream. Quitting your professional life to become a bettor is a very big plunge and there are a few very important factors you must consider.
The first thing you should consider is the amount of money you have available for gambling. Most people believe they only need around $10,000 to start their career. Simply put, that is not the case. Even professional bettors lose money and having such a small amount available will likely result with you being forced out of the betting profession. A good starting amount of cash is between $100,000 and $200,000. With this amount of money, you can make considerably large wagers without risking your entire bank account.
The time required to be a professional bettor is also much higher than a typical 9-5 job. You could easily spend hours researching and handicapping a single game or race. Granted, the benefit of being your own boss may make the hours of work more enjoyable.
Part of the time you spend on gambling is working on proper money management. Along with financing your bets, you must be able to pay the standard things such as your mortgage, food and other bills. It is because of poor money management that many bettors – who win a majority of the time – end up losing money.
When betting, you should consider only betting around 2% of your available funds on a particular race or game. Remember, you will have losing days, no matter how good of a bettor you are and only betting around 2% will allow you to lose and have plenty left to make up for losses.
Keeping your life organized is also a very important thing you must do when you’re a professional bettor. It is not uncommon to spend seven hours or more handicapping a single game which can take a toll on your body and your relationships with family and friends. For this reason, you should make sure to have a very strict schedule leaving time for leisure activities, exercise, and most importantly, family outings.
Following these tips you will be able to succeed in sports gambling. Just remember to take it seriously! In order to succeed in betting, you must spend hours doing handicaps, you must have financial management skills and you must be able to keep your life organized. When you can do this, you can thoroughly enjoy the profession of sports betting.
Author: Jasmine
© Gambler Awards, 2008
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