Short to the point this week. Sports betting as a business is a vehicle an investment tool to leverage your money by churning bankroll over and over again; if you use proper money management strategies.
People get involved in sports betting for many different reasons. Here is mine.
The ability to do what you want, when you want, with who you want, for as long as you want to from wherever you want. This is the highest R.O.I that exists that I am aware of.
You are never as hot as you think you are. Your luck is never as bad as you think it is. You are never due to win. Now that we have this out of the way we can get to the crux of the issue. Gamblers think when they get hot they are invulnerable. They think the laws of probability do not apply to them.
I am not trying to put a damper on your enthusiasm however the Super Bowl is 1 game the last game of this football year. However regardless of the fact, even if I do bet this game I still just risk 1 unit.
I draw the comparison to New Year’s Eve where everyone comes out to party. Everyone has an opinion on the game and the wild props that are available to bet. For me it is just 1 bet over the course of 100’s that I make through the year. It is no different than a Wednesday night MLB bet I would make in July. The money is exactly the same.
As we head into another busy time the importance of shopping and acquiring the best line possible when you bet cannot be overstated.
It does not matter what the $ value is of your unit. Successful sports bettors know the value of half a point on the spread or a penny on the money line. Successful bettors will be on the right side of a half point victory more times than not. They will win when others push and they will push when others lose. When a line has moved against them they know to pass on the game not to chase the line.
Get comfortable being uncomfortable. One of the hardest aspects of betting sports is dealing with variance. I know most of you have heard this before BUT to emphasize no matter how sharp how good you are at this craft there will inevitably be bad stretches over an extended sample size reminding you to stay humble and adhere to proper money management.
This title is absolutely TRUE!
If you like the dog usually better to bet it closer to game time. If you like the favorite there is usually no upside to waiting bet it now. This is not a hard and fast rule but is the norm to betting at the best odds. As you gain experience in this business you acquire a better feel when to place your bets in order to maximize value. No one times the market perfectly all the time no matter how long you do this.
Every so often I like to revisit the topic of bad beats to refresh your memory and also for you to understand in order to win consistently you have to understand how to lose. I did not say be happy with losing but how to deal with it and move forward so you can profit.
We all get them. They are part of the tax we pay in this business for turning a profit. Let me be clear about this topic. Despite what you may have heard or believe bad beats DO NOT even out. Yes you will win some games you do not deserve to win however the bad beats will outnumber those so called lucky wins.
Being a full time sports bettor as long as I have this business has taught me many valuable lessons that I use in life. However the most important characteristic would have to be PATIENCE. This was my major weakness heading into this business and I either had to adapt implement patience as part of my discipline or fail miserably.
Sports’ betting for a living is often depicted as a roller coaster thrill ride based on big decisions and life changing wins. Nothing could be further from the truth.
New Year this grapevine should act as your new year’s resolution for your sports betting business in order to take it to the next level.
So you want to be a serious sports bettor well?
It will teach you money management.
It will force you to control your emotions.
Your patience will be tested over and over again.
You will become an expert on probabilities.
Intuitive reading comprehension (reading between the lines) and research skills will be honed
I know the official calendar does not change to 2022 until Saturday however since we close off our weeks on Sunday for betting record keeping purposes Monday December 27th represents day 1 week 1 of our 2022 sports year.