The most profitable forms of what society classifies as “gambling” really aren’t gambling at all. Professionals do not consider themselves gamblers of their chosen profession, either do sports bettors or poker players. It is an investment.
I am a sports fan and my knowledge helps, but you don’t have to be. I am first and foremost an investor, earning a living from sports betting. In order to turn sports betting from a gamble to an investment the most critical factor is learning how the sports betting industry works.
– the best team in sports will usually win
– line makers are very good at setting markets (lines, overs/unders)
If you do your research on the lines set and the results over the Bet in Asia last few years you will be astonished at how accurate the forecasts are (trust me I have done it). Now for those new to sports betting you might be discouraged at these facts, however you shouldn’t be as it proves my next fact:
– THE OUTCOME OF SPORTING GAMES ARE NOT RANDOM
This is key to changing your perspective on sports betting. In reality it makes a professional sports bettor no different than your avid investor or stock broker, but rather than analysing corporations to predict performance, they analyse sports teams to predict performance. Now this is where things get really interesting, most people new to sports betting or those with a casual interest believe they are playing against the bookmaker or line maker. This is not true. The line maker’s are not posting a prediction of who will win and by how much when they set their lines. Rather they are trying to anticipate what the general public think in terms of who will win and by how much.