Betting

Can you make a living from sports betting? betting tips

ThallaAugust 27, 2022

August 27, 2022 11 min read

Can you live from gambling? If our parents dreamed of winning a pool and retiring, millennials are betting on becoming tipsters and selling their predictions to avid players. However, we are already warning you that succeeding in this world is very difficult and highly unlikely.

18 Tips to make a living from sports betting.

1. The probability of living from sports betting is very low.

If you really want to seek success with sports betting you should take it seriously , it is not a matter of fun or throwing a few euros to see what happens. This is the biggest mistake that is made and that is why 75.5% of players in Spain lose money with bets and other games of chance online, according to the 2015 report from the Directorate General for the Regulation of Gambling.

Another revealing and distressing fact for your claims is that only 0.55% earned more than €3,000 in the year . However, you have read a thousand and one articles about balls in combined or how the Clan of Los Skunks made a lot of money in six months betting online sports. Where is the fault? Who lies? How to pass next to the winners?

You have a lot of information on the Gambling Regulation website about statistics, bookmakers, etc… You can see the different reports from here.

If you think of a greater number of annual benefits, put yourself, for example, at €18,000, which would be about €1,500/month, the percentage would drop to a few very small tenths.

This would be the first rule that you have to keep in mind, the probability is against you and it is in favor of the different sportsbooks.

2. You have to have a bankroll according to your profit goals.

First of all you have to put YOUR AMOUNT, that is, the annual amount that you aim to achieve, then we will explain why we think that the amount has to be annual.

To serve as a reference, we can consider a good investor in sports betting one who achieves an average return of 15%/month and has little deviation.

You can make the calculations very easy, but to get €18,000 per year with a return of 15% per month, it is necessary to have a minimum capital of €10,000, from experience I will tell you that you should always have a safety margin… honestly because you can face bad streaks. I would advise you to think about having that 50% safety cushion.

Of course, if your goal with sports betting is to get a bonus, different from living on bets, the bankroll will be less than that amount.

3. Always bet with your head and never with your heart.

Many of the best bettors will tell you that where they have lost the most money… it has been…. with his team of all life. The advice is clear, if you cannot be objective with the team you love, DO NOT MAKE ANY SPORTS BET WITH THAT TEAM.

I would also tell you that if you have a special animosity towards the great rival’s team, apply the same rule. If you cannot be objective DO NOT PLACE ANY SPORTS BET WITH YOUR TEAM’S GREATEST RIVAL.

4. Pay attention to the positive streaks and the negative streaks.

It is super normal to have negative streaks and to have super positive streaks. We must not think that when we have got everything right we are gods, nor when we have all lost we are the worst in the world. We are talking about streaks, and sports betting is something especially about streaks.

The biggest failures and where more people have lost money has been after an incredible streak of successes. The advice is that you double your studies and analysis before positive streaks, with the negative ones I am clear that you will ALWAYS analyze them

5. Always think in year-over-year terms.

One of the most frequent mistakes is to think in monthly terms, and obtain a certain amount… IT IS ABSURD! I give you several compelling reasons so that you understand it.

In every sport there are breaks and in those breaks we may not be able to invest in any sports bets
We have to rest and we have to be able to go on vacation, if we go on vacation and don’t bet… We don’t win… and as a tip, high rollers of sports betting have lost a lot of money, betting on vacations.
Losing streaks break us, if you have the obligation to earn an amount per month you ALWAYS have a good chance of messing it up clearly.

6. Consider it as one more job and that you have to put in hours.

Whoever thinks that he is going to win now, because yes, is very wrong, there is a lot of work to read, many excels to prepare, many tipsters to follow. The truth is that he has a lot of work, you have to like sports and you have to have a certain cold blood.

It is very difficult for a person who tries to live from sports betting not to end up putting in 20 hours a week

7. Sports betting houses are very important.

But let’s be serious, living on bets is not easy, NOT EASY AT ALL. In addition , if it is already difficult to get the predictions right regularly, the bookmakers literally throw out the winners . They have the power to limit the game and even close the accounts of those clients who make them pupa. Some bookmakers are aware of their weaknesses, markets that their betmarkers do not control and where clever players can score a goal as it has happened. In these cases, some operators have come to cancel bets because yes, by decree.

The bookmakers only want profitable players for them, that is, losers. In this sense, it should be noted that some well-known bookmakers have been convicted of having abusive clauses and improperly canceling several bets to a client. The bookmakers are very smart and give themselves the power to limit accounts and veto the participation of winning players, they even expel those players who have splendid results accounts. There are players who used to bet up to €5,000, now they can’t play more than 20.

Many bettors, who have made great profits in sports betting, have been invited to stop playing, and have seen as a professional opportunity to become tipsters and sell their picks (predictions) and analysis. They are the new brokers, like stock advisors, tipsters help their clients to make better sports bets.

However, there are sports betting houses that are more or less serious and trust in a clear Fairplay, among the houses that we recommend we have a guide with the main sports betting houses, among the most serious would be these 5 houses.

8. The normal thing at the beginning is to lose SI or SI.

Keep in mind that you are going to lose YES or YES at least at the beginning, so it is important that you use your money in the best possible way and that you try to put a head on each bet you make. It is easy to lose, so we recommend moderation and calm.

9. Don’t spend money you don’t have.

Never spend money you don’t have, or ask for loans to bet. If you lose the money you will have two problems, one that you have lost the money and two that you will have to return it.

10. Do not leave your entire bankroll in a bet.

Is your goal to retire? Or is your goal to live from sports betting? If your goal is to live from sports betting in the long term, it makes no sense to spend your entire bankroll on a single sports bet, if you win very well, but what happens? do you lose? You’re out! This is a mistake that you must clearly record in your mind because it is VERY IMPORTANT.

All in all, I don’t know ANYONE who has gotten RICH quick, think of it as a long-term game.

11. Specialize in markets.

Specialize in markets that you know or like, all those people that I have seen play foolishly have bet on absurd things, these people are 99% losers, before making a bet work with the probabilities, study odds, study days of the week, read what happened…

12. Be careful with individual sports of rare categories.

If you want to live from sports betting, think that money is always very sweet, and there can always be someone who is interested in buying an athlete directly, buying a high-level athlete is very complicated, like buying an entire team, for example .

That is why in individual sports, and I tell you especially tennis, if you are specialized, try to follow matches of players with a very high ranking.

Fixes in sports betting happen and you have to have it as one more possibility.

13. The difference in odds between bookmakers is important.

The decimals are converted into hundreds of euros, there are many sports betting odds comparators, I would not recommend any, the best recommendation is that you go to each bookmaker and check the odds, since ALL the odds comparators have ever failed.

14. NLP is a very interesting tool for betting.

Neuro-linguistic programming has many meanings, one important thing you can do is try to foresee with pencil and paper the different situations that occur during a match, if you are going to place bets live, and you are going to do them 🙂 , have in mind everything that can happen and the consequences that it will have on your sports bets.

If you want to try to live from sports betting you have to leave as little as possible to improvisation.

15. Bets always online. Forget the locals.

Not only because they usually have worse odds… which they do many times, but because to make a sports bet you need a rigorous analysis, and you are hardly going to do an analysis with data, statistics and excel in front of a machine, you and your person without more .

And yes, the percentage of people who lose in physical stores is much higher than online.

16. Consider it a job.

A job requires schedules, it requires a presence and a study.

For example, if you are specialized in the first Spanish soccer division, you have to think that you will hardly be able to have all your weekends off, and that you will have to think about your vacations like a soccer player, and not thinking about when your relative has vacations or if This weekend we are going to the Pyrenees.

17. Tipsters are there, for better or worse.

Like everything there are good tipsters and there are very bad tipsters, very good paid tipsters, and very good free tipsters.

The tipsters are there and you have to follow them, for better or for worse, their tip has to make us think for better or for worse, but it is a fact that they are there.

Be careful because the tipsters know the bookmakers perfectly and they react to their predictions. I believe that investing a certain amount of money in a good Tipster is not a bad investment.

Always think of it as an investment and not as an expense.

18. Be patient and consistent

Patience and perseverance is a virtue, I recommend that you be patient and constant and that you always try to have a cool mind since this is a more difficult business than it may seem.

And this would be our advice to be able to live on bets.

FAQ’s about living from sports betting

❓ Can I live from sports betting?

Although it is possible to make a living from sports betting, you should know that the probability of ending up doing so is very low, so you should take it very seriously when betting at a house like, for example, Codere .

🏆 How many people live exclusively from gambling?

Few are the lucky ones who have managed to do it. And it is that only 0.55% of players earn more than €3,000 a year.

💰 What tips are there to make better betting bets?

Although there are dozens and dozens of tips, we share with you one of the simplest and most important: bet with your head and not with your heart. We recommend that you do not place bets on your team or its great rival.

Do I need a Bankroll to succeed in betting?

You must set yourself a reference as a first step if you want to succeed in sports betting and have a clear objective. If, for example, you set a goal, you must invest a fixed amount to try to achieve it.

What is the key to success in betting?

Well, in addition to having a head and worth for this, it is very important to consider it as a job. You will have to put in hours and hours a week to improve.

Are there strategies to make money?

Infallible strategies to earn money THERE ARE NO, since betting is a game in which many factors come into play and there are always chances of losing. There are strategies to have more possibilities and here we tell you the best ones , but they are not infallible, far from it.

Does it matter which bookmaker to bet on?

Logically, no. We recommend that you choose well the bookmaker in which you will play. This is quite important, so we recommend that you value your decision.

How can I avoid problems when betting?

A basic rule of the good bettor is that you do not spend the money you do not have. Do not ask for loans to play… because if you lose, you will have two problems.

Can I get rich with bets?

It is VERY HARD, if not almost impossible, to get rich from gambling. There are people who have been able to earn money, but it is a very, very, very small percentage. Likewise, nobody has become rich in a moment, so it is important to be patient and play with responsibility and head.

Is it better to bet online or locally?

Statistics tell us that it is better to bet online normally, so we recommend this route.

Should I follow tipsters to make better bets?

Tipsters are there, for better or worse. If you choose to have the services of one of them, take it as an investment thanks to which you can get money in the future.

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