Sports Betting: A Hard Way to Make Easy Money

While few jobs may exist that may be more exciting, nothing sells appeal and stigma like the sports betting profession.  Maybe it’s the fact that it is illegal to take sports bets in the United States outside of Las Vegas.  Or maybe combining the stock market like fluctuations in bankrolls with the dramatic endings of sporting events makes it interesting.  Whatever the case, sports betting professionals, or ‘handicappers’, epitomize the alpha male’s career fantasy land.

Sports-BettingThe truth of the matter is this-sports betting is an exceedingly challenging way to make very easy money.  If it were easy everyone would do it.  Many will try, and most will fail.  The few that are astute enough in this business do earn a handsome living, but it isn’t without hard work, dedication, and a little ice in the veins.

Most professional handicappers happen to be math people.  As the actual handicapping process is more about statistical relevance and patterns, those with a weak math background start out at a disadvantage.  Couple that with the fact that most people watch the games they have a financial interest in, emotions tend to cloud otherwise sound monetary judgment.  Angry at a loss, most amateurs bet the next televised game just to make their money back.  No attention is paid to the handicapping process in that second game which is why most people continuously lose over the long term.

You will have the occasional ‘salesman’ who sells mostly ‘smoke and mirrors’ when it comes to offering paid picks, and this individual is the one you want to avoid.  They sound like they know what they are doing, but they don’t.  The ‘pizzazz’ of the sports betting profession is best sold by these types.  It looks, smells, feels, tastes, and sounds like professional sports handicapping, but it is nothing more than professional sales.  They are selling themselves, not their handicapping skills.  Steer clear from these folks if you are serious about making money betting sports.

If you happen to have a strong mathematical background and the ability to control your emotions if you must watch the events unfold before you, you are well on your way to success in this profession.  You don’t need to be an expert but you will need to be skillful with numbers.  You almost certainly don’t follow your 401k in real time, so why would you watch the games you bet on?  As a sports fan in general this may be challenging, but the optimal sports betting strategy is to turn on another game.  Emotions cloud logic, and when emotion controls your decision making in this profession you are destined for failure.

Betting on sporting events is a tough way to earn an easy living.  It can be simplified by learning how the numbers work first, studying past trends, and not letting your emotions dictate the choices you make.  If you are stable enough to make it this far, you stand a very good chance of succeeding in this career field.  Make no mistake, anything is possible if you put your mind to it.

~ CEO’s Desk

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