Sports Betting as a Business

Today's professional level sports bettors are not what most people believe them to be. No real pro expects easy profits or 75% winners. Most sports touts make their living selling their worthless picks to people expecting instant wealth.1 star, 100 star, locks of the century, mortgage your house pick; all marketing methods to separate you from your money. These people DO NOT actually bet for a living; they make their money by peddling their picks.
Successful sports bettors are like anyone else married, kids, mortgage etc. The difference is they absolutely love what they do for a living. They put in a lot of hours, they are their own boss. Most do not consider themselves gamblers at all; most would describe themselves as "investors". Thanks to the internet, sports bettors can live wherever they choose.
As a successful sports bettor you have no time clock, no boss, no employees, no customers and no daily commute battling traffic. Sports betting has many of the characteristics of investing in stocks but without some of the disadvantages. Insider trading, pitting your expertise against world class experts and corporate insiders who get the info a long time before you. With stocks it always seems your destiny is out of your control, the best you can hope to leverage your money is 50%. With sports you are up against the public who are amazingly uniformed; betting from intuition, emotion and because the game is on the television. With sports you get to churn your bankroll over and over again. With sports our investment lasts about 3 hours we either lose 100% or make 93% on our investment. Of course with stocks the time invested varies greatly and you can make or lose 5% -25%-100% who knows until you liquidate.
Typically a full-time professional sports bettor can have over 1,200 opinions of value on events over the course of a year. At 54% winners over 1,200 plays a bettor would have 648 winners and 552 losers. Even with taking juice in to account this would represent 68 units of profit over the year.
I do not mean to make sports betting sound like an easy way to get rich. There are a million ways to fail. ( I will cover many of the traps to avoid in future articles ) Sports betting should be addressed as a business; not as some sort of thrill ride. If you have what it takes it is the BEST profession in the world.