If you want to learn how to earn a living from gambling, the following post can certainly shed light on a few things you will need to succeed if you want to quit the 9 to 5 and bet as a career.
Firstly there are 6 unique things that every professional gambler must posses :
- Patience and tons of it. The ability to dust yourself off and carry on is paramount…you will lose and often.
- A bankroll. You simply can not succeed with a starting bank of £10 you are going to need thousands and a minimum of £2000+
- A tipster service unless you are skilled at picking winners in a profitable manner you will need to find a service that can for you.
- Time. You are going to have to put some time in if you want to succeed. Don’t expect a 5 minute a day role even here.
- Online betting accounts and exchange accounts. You will need to utilize multiple accounts to gain maximum value for selections.
- Knowledge of all bet types including lay bets, spread bets and any other type of bet that is released by bookmakers and sports books.
How To Earn A living From Gambling
It is going to be a long hard journey to go from a punter for fun to a punter for a living and even if you posses all the traits mentioned above you could still fail. I can’t go into full details here or it literally would be an eBook but take in some of the main points below to give you a jump start on your mission.
One thing that will help you is preparation and dedication!
Set yourself a realistic target, Ideally you want to be earning a set amount each week in order to make a living. This will not always be possible it will help no end.
You will need a sustainable staking plan based upon your betting bank. For example betting £50 per point with a £500 betting bank is not going to end well.
You are going to need to know what each bet type is and if you don’t you will need to go learn it before you even begin or it will cost you big money. Find a tipster service for your chosen sport or market and make sure its a profitable one. You can check our horse racing tipster review and football tipster reviews to find winning tipsters that sustain a profit long term.
Choose your staking plan and adjust it to suit your betting bank, I suggest you do £1 per point for every £1000 in your betting bank. This may seem extreme but you are going to have to accept you will have long losing runs at times.
NEVER chase your losses
A patient punter is a winning punter, use the bookmakers odds against them by leveraging price differences between accounts. For example their is a horse race and your selected horse is 3/1 with Ladbrokes yet it is 5/1 on Betfair use backing and laying to secure profits.
Never chase a losing bet for the sake of winning. Dust yourself off take 5 minutes to gather your thoughts, accept it and move on. This process will help ensure you are focused on your goals and not just winning for the sake of it.
How to earn a living from gambling involves a lot of restraint and if you can not stop yourself from betting on other things or not sticking to advised selections you will never succeed.
Take regular breaks
Sometimes you can get into the moment so much that you will get carried away. Exercise caution and patience by taking regular breaks from betting and keeping your head fresh.
Professional gamblers make up as little as 1% (possibly less) than the total of gamblers out there and that;s because the odds are stacked against punters from the get go.
You will need to save up a betting bank of at least £2000 and you will need to locate a profitable sports tipster who can provide you with profitable selections over the long term.
You will then need to dedicate an amount of time to place bets on the advised selections from your tipster. Do not alter any selections to suit follow them exactly as advised.
Make sure you have multiple betting accounts and know how to use them as well as learning all the different bet types on offer in order to maximize your profitability.
Have patience, contrary to what many people think you will have long losing runs and long winning runs but the whole idea is profitability for the long term.
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