Is it possible to profit with sports betting?

It’s a complicated question to answer. Yes, it’s possible to profit with sports betting, but not everyone can do it. Besides that, it’s necessary a lot of time invested and dedication to do it.

To win money on sports betting it’s necessary to:

• Have confidence (be sure of yourself, be confident that you’re going to recover your losses);
• Choose the sport you’re going to bet and master it (read the article “Which sport should I bet on?”);
• Know what the odds are (read the articles: “The odds on a bookmaker can vary?”; “What are the main types of odds?”);
• Create a diary and justify why you placed that bet. It helps to gain discipline, create a data base and it’s going to help bettors to avoid to fall on the same mistakes over and over again. For example, don’t blame the player that missed a penalty that was going to provide the predicted profit;
• Match planning. For example: in football it’s important to focus in only one league, in teams or teams with a specific game style or tactical culture associated;
• Not to make sports betting a monthly or daily goal, in that way, losing a bet can limit you from discovering valuable bets (it’s not wise to look for them all);
• Analyze the sport you became a specialist. It’s important to do a detailed analyze of everything: statistic information, even history, odds they offer and associated news – you should process this information very well.
• Have confidence in your bets, that is, it’s important to discover bets with value and take advantage of them and that implies that those bets can bring a positive or negative result.
• Bank managing is one of the most important pillars of any bettor. Without banking management, consistence ceases to exist and that is going to clearly define good and bad bettors. There are different types of bettors with different methods adapted to each emotional and betting types.
• Manage your losses. It’s hard to lose but managing your losses it’s one of the most complicated actions a bettor has to confront. So, it’s important to identify why we lost that money and what could have we done better. And, most of all, don’t lose your emotional control.
• Recognize that by creating a bond with money, the bettor is going to have more difficulties to have success in long terms.