COULD YOU BE A PROFESSIONAL GAMBLER?
The link between
professional gamblers and part-time sports bettors.
Professional gamblers do not consider
themselves gamblers, but, rather investors. Successful sports bettors
appear to be pretty much like anyone else. Most are married, have children,
a mortgage, a car loan, a lawn mower, and all the other accouterments of
'normal' people. The difference is, they absolutely love what they do for a
living. Although they generally put in a lot of hours, they are their own
boss. They can pick their own hours and their own work environment
As a successful sports bettor, you have no time
clock, no boss, no 'customers', no daily commute battling traffic - none of
the hassles of most everyone else you know. You can work from home and
'home' can be anywhere you choose. You can work from Mexico City, or New
York, or Moosebreath, North
Dakota - or anywhere between. You can spend the day in swimming trunks or
tuxedoes or in nothing at all, and you have plenty of time for your
favorite hobbies or other pursuits.
Sports betting as a business
Sports betting is like
investing in the stock market, only in very fast motion. Sports betting has
many of the characteristics of investing in commodities or stocks, but without the disadvantages,
like insider trading, Martha Stewart-style scandals, over-priced broker
fees and a general feeling of not being in control of your own
destiny. In the stock market, you're pitting your expertise against
world-class experts and corporate insiders who get most news a long time
before you do. On the other hand, with this weekend's sports games, you're
pitting your expertise against the average sports bettor. It is
self-evident who is easier to outthink, the full-time stock market player
or the average sports bettor.
The average sports bettor is
amazingly uninformed and does very little actual research. He bets from
intuition and emotion.
When you consider you
figure to win 50% of your plays by simply flipping a coin, can it really be
all that tough to win more than 53 percent?
No real pro expects easy profit or 70% winners. Yes,
I'm afraid it's a lot tougher than it looks, and combined with the hazards
of faulty money management, sports betting is a very slippery slope. The
far majority of sports bettors do not make sports betting their sole
vocation. Another big difference between sports betting and gambling on
stocks or commodities is, of course, that in sports betting you have no
chance of making or losing 5%-10%-20% of whatever you risk on a particular
"stock." You figure to either lose 100% of your investment in
that "stock" or make 91% on your investment...and, of
course, with sports betting you don't wait for weeks or months to know if
your investment was successful -you get an answer in about three hours.
Consequently, you can turn your total bankroll much more quickly, and
your investment remains more liquid. Typically, a full-time
professional sports bettor can have up to 1,500 opinions per year and
an "edge" (an
expectation of winning) of
between 54% and 58% of those bets wherein he must risk 11 to win ten.
With a cover rate 55%, 1,500 plays are 825 winners
and 675 losers. If bet size is 1% of the beginning bankroll, gross profit
is 100% of his original investment every year. Risking 2% of the original
bankroll earns 200% profit per year. Increasing bet size incrementally on a
25% plateau system (see our article Sports Betting Money Management), significantly more is earned. Compare to investing
in stocks or bonds, which pales by comparison.
All it takes is 52.39% covers and to properly
manage your bankroll.
I don't mean to make sports betting sound like an
easy way to get rich, and I want to make it clear that the vast majority of
people reading this sentence should NOT consider sports betting (or serious
gambling in any fashion) as a serious avocation. There seems to be a
million ways to fail. For one thing, probably the most important of all
things, you should be as objective as possible when considering your own
psychological qualifications. Sports betting should be addressed as a
business; not as some sort of amusement park thrill ride. Be sure to read
the articles on this website concerning money management and the
differences between genuine pros and the phonies that stalk the Internet.
Sports betting should be addressed as a
business; not as some sort of amusement park thrill ride.
That's what this web site and material are all about.
Make sure you visit our home
page for a treasure trove of free
information. Take a look at our Order Page.
The 'how-to' materials available are by the most respected sports
handicappers in the business. What you can learn from these men can be every bit as valuable
as the best college education.
We cater to serious
sports bettors looking to make a profit. For successful part-timers and
fantasy sports customers wanting to move up, we can help you earn while you
We publish Professional Gambler Newsletter, a staple for every serious sports bettor. You get
our picks, analysis, how-to articles and more. Use our picks as is or
compare them to your own forecasts.
We do not participate in bettors’ losses.
You’ll notice we allow
no advertising, we accept no revenue from sportsbooks, and we do not sell
your personal information. We are the world’s first sports handicapping
website, launched in 1997. PGN is a must-have and pays for itself in one day. This
website is always free and lightning fast. Feel free to browse our
articles. We welcome your questions and comments at firstname.lastname@example.org.