Many people see sports betting as a great way to enjoy sports and to simply support their favorite athletes and teams. However, there are people who are specifically placing bets to make money. These are people who are relying on sports betting to make a living.
Turning sports betting into a profession may sound like it’s the dream and it could be. When done right, sports betting can be very profitable and even lucrative for some. In fact, some of the most famous professional gamblers out there place bets on sports instead of playing casino games.
You can always start with placing bets on sites like 1XBet as a form of hobby. Once you’re already familiar with how things work in the betting industry, you can take it up another level and turn this into your profession.
To be able to consider yourself as someone who is betting professionally, at least 60 percent of your income should come from this alone. What you’re earning from sports betting should be enough to pay for your living expenses like rent, utilities, car payment, insurance, clothes, food, etc. to be considered as a professional.
Now, it also means that this may not be for everybody. Know that sports betting can be very risky. If you really want to turn this into a profession, you need to be mentally and financially prepared.
People who take sports betting very seriously have a separate account for this activity. They are organized when it comes to the money they spend on betting. Since this is practically a high-risk business, professional bettors should be disciplined.
If your sports betting account is running low, then you should be careful with your next bets. The bottom line is that a separate account can be very helpful if you want to take this hobby or activity very seriously.
Now, why is this considered as a lucrative profession? Statistically speaking, sports bettors usually win anywhere from 53 to 55 percent of the time. If you placed high amount of bets during those times, then it’s easy to profit a hundred percent or even more.
Famous sports bettors like Haralabos Bob Voulgaris and Billy Walters easily make millions of dollars from some of their bets. However, some of those wins were because of the amounts of bets that they placed. You need to be willing to gamble on a big amount of money to win more, of course.
Now, if you’re not that willing to gamble on huge money yet, then a decent profit you can make on sports gambling or betting each year could range from 50,000 to 150,000 dollars. That’s not bad considering how fun sports betting can be.
Now, why are sports betting considered a fun profession? We’re here to answer that for you too.
• Your job is basically watching sports
Of course, you need to watch the matches you wager on. You need to know the sports and teams well and that can only be done if you keep track of them and watch them perform or play. Basically, a day at work is being able to enjoy a few bottles of beer while tuned in to a game of football.
• You don’t have to report to anybody
Sports betting is your business and yes, you are the business owner and you are the boss. At the end of the day, you don’t have to report to anybody and tell how work has been. There’s no need to send business emails too. You can always set your own rules.
• You set your own hours
Part of setting your own rules is setting your own hours. You can decide on which games to bet and which ones to watch or not. Since sports betting can be done online, you can also place your bets any time you want. This allows you to have more time to work on other things and maybe even have time for another business.
• Unlimited opportunities
We say this because there are many ways for you to place your bets. There are also many sports that you can wager on. Now, even in times like this when sports events are postponed and canceled because of a pandemic, there still are other options like esports betting. Some bookies even offer odds on TV shows and other events.
• You get to develop life skills
Sports betting isn’t just about placing a bet and watching sports. When taken seriously, you’ll see that strategies and decision-making are important skills that you need to learn and keep on improving. With that, you can practice many life skills including money management.
