COULD YOU BE A PROFESSIONAL GAMBLER?
To be a successful sports
bettor requires a system for picking winners and a money management
Professional gamblers do not consider
themselves gamblers at all,
but rather investors.
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
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 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 some of the disadvantages concerning
insider trading, Martha Stewart-style scandals, overpriced 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
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 over your total bankroll much more quickly,
and your investment remains much more liquid. Typically, a full-time
professional sports bettor can have up to 2,000 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.
At 55%, 2,000 plays in a year is 1100 winners and 900
losers. At those figures, his gross profit would be over 100
betting units. If his bet size is 1 percent of his beginning bankroll, and
even if he does not increase the size of his bets as his bankroll
increases, he makes 100 percent profit on his original investment every
year. Risking 2 percent of his original bankroll, he figures to make 200
percent profit per year. Changing his bet size when his bankroll increases
(or decreases) by 25%, he can make much more. Compare that to investing in
stocks or bonds, which pale by comparison.
All it takes is to call at least 53%
winners against pointspreads and totals, and, of course, 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.
That's what this web
site and this material is 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 there 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 email@example.com.