As a long-time gamer, I’ve been a big fan of sport simulation games my whole life. I recently tried to turn that passion into profit by trying my hand at gaming. The other kind! Here are a few of the things I’ve learned in the past few months in my dabbling with betting:
Leave your emotions out of it. If you’re in it for the money, then there’s no room for emotions. You may have your favourite team or your favourite athlete, but that doesn’t mean that they are always going to win of course. Be prepared to best against who you actually want to win if you’re going to make proper money. Even if you have a deep-seeded love of your team, you need to understand that you’re playing the odds and trying to make money.
Have and a stick to a budget! Especially if you’re just getting in to betting, then remember that your resources are limited. If you lose all of your gambling money on a poor bet, then you’ll have to call it quits and wait until next month before you make more bets. Professional gamblers stick to these budgets because they know that throwing good money after bad will only end up in deep trouble. You will have to be disciplined if you want to make any money on betting and the most important discipline to have is financial.
Know at least a little bit about the gambling scene. Before you really get involved in gambling, you need to understand what’s going in behind the scenes. Not behind the scenes of the team you you’re going to bet on (but then again, that knowledge couldn’t hurt), but at the bookie’s office or the casino. If you don’t know about the betting industry you’re likely to get taken in and could easily come out poorer than you would have liked.
A little bit of knowledge is a dangerous thing. However, a lot of knowledge is a powerful thing. It’s important that you don’t go into betting half-cocked, but you need to have a thorough understanding about what it is that you’re betting on. Learn as much as you can about your sport of choice before you start betting. You’re probably quite interested in whatever it is you’re betting on, so read up about the history of the sport, the stadiums or venues in which the events take place and the teams. You never know what you’ll discover and how you might use that to your advantage.
Know your team or athlete. Doctors have specialisations and so do mechanics, engineers, journalists, and just about any other profession imaginable, so there’s no reason that it shouldn’t be the same with sport betting. Sometimes, knowing about a team or an athlete intimately is all it takes to be successful at this and to make money. You may of course have to sit out a couple of tournaments or matches or games or events if you’re going to be focused on only a handful of teams, but as long as betting isn’t your primary source of income that shouldn’t be a problem. Certainty (or relative certainty) can make up for frequency.