Successful sports bettors that win most of the time are a rare breed. Statistically, it’s very uncommon for an individual to maintain a profitable run on sports betting. Often, you either make a big win then a series of losses or never win anything substantial. Unfortunately, basic sports knowledge and luck will just get you very far. These successful individuals possess some unique traits that help maintain relatively long winning streaks and register fewer losses in the process. One of the examples is Value Betting.
Knowledge of Sports
It’s just obvious – there’s no way you are going to make it in, say, hockey betting if you know nothing about hockey. But we felt the need to mention the obvious regardless.
Having a better knowledge of relevant sports allows successful bettors to understand things that might influence their wagers. The knowledge also helps them know the factors that might affect the outcome. Always understand what you are getting yourself into.
Research and Strong Math Skills
Tons of numbers are involved in sports betting. From bookmark odds to historical performance data, there is simply too much data and figures to analyze. If you are poor in math, it will certainly be hard to understand the meaning of these numbers and the relevant sports betting wagers.
Successful sports bettors possess strong math skills which they use to crunch some numbers, calculate odds, and figure out the wagers to place. Data and numbers help them make informed decisions which increases the chances of bagging a win.
Excellent Money Management
Another thing that many successful sports bettors excel at is wise management of money. Without good money management skills, it is hard to have a successful run anywhere in sports betting. For example, placing a lot of money on single games can be detrimental to your balance. Lots of recreational bettors are prone to make this mistake.
If you want to be a successful sports bettor, have strict money management rules in place and stick to them no matter what comes up in the excitement of the game. These guidelines will have a say on how much of your total bankroll will end up on each wager. So, instead of swinging and rushing on each bet on the list, the objective of a successful bettor is normally to make as much money as possible on a reasonable investment in the long term.
Keeping Track of The Betting Haul
This is another important quality many accomplished sports bettors have that an unskilled gambler normally doesn’t possess. It is highly crucial to keep a track of your betting moves. This may sound unnecessary or straight boring to some inexperienced bettors, but it helps a successful person to monitor their performances and eliminate moves that have proved unsuccessful in the past. In other words, a bettor can measure their previous performances and how good their predictive skills are, then use this information to make wiser decisions in the future.
You can easily keep a track of your bets by checking such things as the yield, profit, losses, and other important bits of detail. You should also find out how well or bad you are performing against closing odds. Lots of bettors – most of them, actually – puts great focus on Closing Line Value simply because it helps them have a rough idea whether they have a better edge over the present market or not. Successful bettors have a healthy and consistent positive CLV.
Flexible, Resilient, Adaptable
To be a successful sports bettor, you need to be highly flexible, resilient, and adaptable. Why? The world of sports betting is a dynamic one – things change with time, sometimes abruptly, but you must stay afloat regardless. This means that your strategies and plans must also change with the dynamics. Being adaptable and flexible in particular is key.
Resilience is yet another key quality found in virtually all successful sports bettors. There are times you will feel like the most accomplished person in the world of betting, then there are times you will feel like a complete loser without a future in betting. Here is what a successful bettor does: they remain resilient in the face of doubt and failure. Everyone will always have a good and bad turn, after all.
And that’s how to be a successful sports bettor!