Being a professional sports bettor might sound like a pretty fun career. After all, what's not to like about keeping up with your favorite sports and teams? The truth is, professional sports betting takes a great deal of hard work.
Many people attempt this career and many fail. You need serious dedication to turn yourself from an amateur sports bettor to a professional. It's not quite as simple as turning a passion into a profession; you’ll need to work on your skills, your approach, and your outlook, and you’ll need to do so constantly.
However, that doesn’t mean you should give up! Plenty of people do succeed at becoming a professional and there are some tips and tricks that can help you to get there.
So, if you're serious about turning sports betting into more than just a hobby, here's the lowdown - from a person who's done just that.
Brush up on your knowledge
You won’t get very far as a sports bettor if you don’t know your sports inside and out. Depending on your particular preference, you may wish either to branch out and bet on lots of different sports or to specialize in one you know particularly well. Either way, it’s important to gather as much knowledge as you can.
That means staying up to date with transfers, game states, rule changes, and other things that could seriously impact your chances of a winning bet. Make sure you don’t stagnate as a sports bettor, as you’ll quickly be left behind by those who can adapt to changes.
Stay on top of industry trends
As well as changes within sports, it's a good idea to know about changes within sports betting too. For example, when spread betting first came around the people that were in the know were able to jump on a new opportunity. The same goes for odds boosts and new kinds of bonuses, it pays to be in the know.
Utilize the knowledge of others
Of course, you can't know everything there is to know about sports and sports betting. Sometimes it pays to see what others have to say on the matter. We have expert guides to the best bets of the week, for the times when you need a bit of outside advice.
Pick the right platform to bet on
If you want to take advantage of the best online betting odds, then it’s crucial to make sure you’re placing your bets on the right platform. No two platforms are created equal; some sports betting sites have specific rules or stipulations that can hurt your chances of profit. Others have great bonuses and other incentives on offer to make sure you remain a loyal customer.
Remember that the most important things about a site are its trustworthiness, its customer satisfaction, and its range. If any of these things are lacking, it’s not the best site for you, and you should keep looking.
Below are the platforms that we think are the best in the business. However, if you're looking for something very specific then we have guides on everything.
From the best NFL betting sites and NBA betting sites to the best sites for golf betting.
Name | Score | Bet Now | Welcome Bonus | Payment Methods | Sports | Payout Speed | Disclaimer | |
---|---|---|---|---|---|---|---|---|
9.8 | Claim OfferDraftKings.com | Bet $5 Get $150 in Bonus Bets Instantly! | Cash, Venmo, PayPal, Apple Pay, Play+, ACH Transfer, Visa, Mastercard | 25+ | Hours - 5 Days | Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply. | ||
9.8 | Claim OfferCaesars.com | Get Your First Bet Back If It Loses - up to $1,000 | Cash, Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard | Hours - 5 Days | Must be 21 or older to gamble. Know When To Stop Before You Start.® Gambling Problem? If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER (1-800-426-2537). | |||
9.8 | Claim OfferBetMGM.com | Bet $5 Get $158 in Bonus Bets | Cash, Venmo, PayPal, Bank Transfer, Apple Pay, Play+ | 20+ | 3-8 Days | Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in the state you're wagering in. T&C Apply. | ||
9.6 | Claim OfferFanDuel.com | Bet $5 Get $200 In Bonus Bets If Your Bet Wins | Cash, Venmo, PayPal, Apple Pay, ACH Transfer, Visa, Mastercard | 18+ | Hours - 5 Days | Gambling Problem? Call 1-800-GAMBLER. Hope is here. Gamblinghelplinema.org or call (800)-327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or Text HOPENY (467369) (NY). | ||
9.2 | Claim Offerbet365.com | Bet $5 Get $150 | Skrill, PayPal, Paysafecard, PayNearMe, Visa, Mastercard | 20+ | Hours - 5 Days | Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply. |
Trust your instincts, but don’t be afraid to seek help
Following on from picking the right platform, it’s also important to make sure you’re not falling for baits put in place by unscrupulous websites to reel you in.
Sometimes, websites will advertise insanely high and unrealistic bonuses to entice you into making a bet.
These bonuses seem too good to miss out on but can have high wagering requirements, strict odds, and other bonus terms that put the bettor at a disadvantage.
It’s important to thoroughly research any website on which you intend to engage in sports betting because you don’t want to make a mistake and regret it.
Pick the right bonuses
Speaking of bonuses, choosing good ones can help your bottom line. Some bonuses are worth claiming and we do our very best to bring you those.
Whether you're looking for the latest sportsbook promo codes or sites where you can get free bets, we've got guides for all of that.
What's important is knowing the bonuses that are worth claiming.
Look for bonuses with:
Low wagering requirement (1x for sports bets is optimum)
Reasonable minimum odds (you don't want to have to bet on big outsiders)
Fair minimum deposit (look for a minimum deposit of $10 - $20)
Expiry date (ideally 7 days or more, but if you already have a bet in mind then 24 hours is fine!)
You can use this checklist to find the best bonuses in the business. If you'd like to save yourself some time and are interested in some hand-picked bonuses then you can check out the ones below.
Don’t expect to rake in the dough
Although many sites will tell you there is a cast-iron way to beat the bookies and rake in the profits, that’s simply not the case. Sports betting can become a career for some people, but it's only seriously lucrative for a tiny minority.
While sports betting is certainly more predictable than many casino games – after all, you can factor in performance, strategy, and other things when you’re making a decision – the fact remains that you still don’t have full control over the outcome.
In the end, you’re gambling, and while that can be thrilling and electrifying, it’s not a guaranteed source of income, even if you’re on an amazing winning streak.
Develop a strategy
While you can never guarantee a win when you’re sports betting, you can build a strategy around your strengths. This means not falling prey to bias – if you support a team, that doesn’t mean you should always bet on them to win – and it means prizing simplicity above almost all else.
Don’t overcomplicate your strategy, because doing so could mean you have trouble keeping up with it when games get hectic. It’s best to stick to something reliable and simple; while you may not make huge money from massive bets, you’re also risking less, too.
It might be that you prioritize the simplicity of making moneyline bets. You don't have the added complications of waiting for every leg of a parlay to come in.
Alternatively, you might find that you have the edge when it comes to live betting, as you're able to make fast but sensible decisions.
Your betting strategy should come down to your strengths.
Be unique
If your expertise happens to lie with a sport in which everyone else has a huge amount of experience, it may be best to diversify. While you should play to your strengths, it stands to reason that crowded fields will yield less satisfying rewards should you win.
Try to look for the outside bets (although not ones where risk outweighs reward) and think outside the box when you’re betting.
These bets will inevitably carry a little more risk, but they’ll be significantly more rewarding. Plus, there won’t be a crowd of people making the same decisions that you are.
Be the bookmaker
No, we're not suggesting you set up shop as a bookmaker, but it pays to know who your opponent is.
Put yourself in the sportsbook's shoes and work out what you think the odds should be for a certain game - before you look at what they are set at.
There's a major league soccer match coming up, between Team A and Team B. We've not yet published our MLS betting prediction for the day, so you decide to work out what you think the odds should be on the game.
To start with, you take a look at the last few times the teams went head to head. The results looked like this:
Team A - 2 vs Team B - 1
Team A - 3 vs Team B - 2
Team A - 2 vs Team B - 2
From this we can see that when these teams come up against one another, it tends to be a high scoring game. We can also see that Team A tends to have the upper hand against Team B.
Using these statistics alone, we'd say the most likely outcomes are: a total of 4 goals and Team A to win.
But, you can't stop there! Next, let's take a look at the form in each team's last three matches:
Team C - 3 vs Team A - 2
Team A - 2 vs Team D - 2
Team A - 1 vs Team E - 0
and
Team C - 1 vs Team B - 0
Team B - 2 vs Team D - 1
Team E - 3 vs Team B - 2
From these results we can see that Team A won 2 of 3 games, scored an average of 1.66 goals per game and conceded an average of 1.66 goals too. Team B won 1 of 3 games, scored 1.33 goals per game and conceded 1.66.
We'd still say that Team A is a good bet to win, but might have changed our minds about how likely 4 goals are.
From this point, you'd need to look into player statistics, and significant injuries, as well as considering which team has the home advantage.
As you can see, studying the form and drawing your conclusions can be a lengthy process, but it is the best way to guarantee results. There's nothing quite as effective as knowledge and research when it comes to making accurate sports wagers.
Play little and often
It’s not a good idea to drop everything you have on a single Hail Mary proposition. Rather than going all or nothing, try to make smaller, more incremental bets across a wider period.
This will limit the damage if you lose, but you’ll still start noticing a profit creep in if you manage to get on a winning streak (which isn’t guaranteed, of course, but it can happen).
Place smaller bets and make sure to stop when you’re on the wrong end of a losing streak because that’s when a gambler’s fallacy can set in and stop you from recouping any of your losses.
When it’s not fun, stop
First and foremost, your sports betting adventures should be enjoyable for you. If they’re not – if you find yourself betting more from compulsion than because you’re genuinely enjoying doing so – then that’s the right time to call a halt to it.
Gambling addiction is a serious condition, and while it doesn’t afflict the vast majority of bettors, it’s not worth playing with your mental health. So, make sure that you walk away before it gets too bad. If you need to, call your family or friends to support you and make sure that it doesn’t reach that point.
Reach out if you need help
If you find things have gotten a little out of control then there are lots of organizations that can help you. Below are some resources for those struggling with gambling addiction in the US.
Responsible gambling is a crucial aspect of the gaming industry, and several organizations and charities are working tirelessly to promote safe and responsible gambling practices. In this table, we have compiled some of the top responsible gambling organizations and charities in the US that are committed to helping individuals and families affected by problem gambling.
Organization | Contacts |
---|---|
National Council on Problem Gambling | Official Website |
New Jersey Division of Gaming Enforcement (DGE) | Official Website |
Pennsylvania Gaming Control Board | Official Website |
NYS Gaming Commission | Official Website |
American Gaming Association | Official Website |