As much fun as it seems, anyone who knows betting knows that it needs dedication and time to make it a lucrative venture. Thus, there are some things to consider before you decide to get into this profession.
When you are thinking of taking up betting for a living, there are several skills that you need to learn. The trick doesn’t always lie in the amount of money that you are putting at stake. The key is to limit your losses when you don’t win.
Even the most successful bettors are bound to place losing bets. However, the secret lies in using the right staking method that will help you manage your money in the most efficient way possible. Always remember that if you don’t use the proper technique, you will eliminate your edge. There are multiple methods available, and depending on your requirements, you can even create your own.
Skill of prediction
As already highlighted above, choosing the right staking method is the key to maximize your profitability. However, it is useless devising the correct method if you are not good at predicting the outcome of an event and calculate if your potential bet has a positive expected value.
Rather than trying to bet on everything under the sun, you must better focus on one particular sport or field. Often, niche markets like corner betting offer much better value as there is a lack of bookmaker knowledge.
Choosing the sport
As already mentioned above if you want to take it up as a career, you have to find your edge over the bookmaker in any market or sport you can. Although some sports can be much more comfortable than others when it comes to the field of betting.
Betting can turn out differently in different states and countries as several external factors influence sports. Therefore, you can look for websites online that can help you learn betting in India.
Finding the right bookmaker
Although developing a successful strategy and ensuring the use of the correct staking method might seem like the hardest part, finding the right bookmaker is just as tricky. If you are looking forward to making it a full-fledged career, you need to look for a bookmaker that offers the best odds.
Since you would want to be able to bet as much as you wish, the bookmaker should offer the highest limits online. Also, ensure that you bet somewhere winners are welcomed and you will not be restricted for making money from betting.
When in the field, you will have to decide what success means to you. The most efficient method to assess whether you betting exploits can be deemed a success is to compare them with the closing lines. The closing line is the most adjusted and accurate odds available before an event happens.
Also, you should always test the results of your strategy against the bookmaker’s closing line. Doing this for an extended period will eliminate the influence of luck on your work. Thus, it is essential to analyze your own results if you want to become a professional bettor.