As the football season is about to start with the preseason starting Thursday, everyone is talking about betting on sports. While betting on football is fun and exciting, most people treat it as a hobby and not a job. Today, we talk about whether Making a Living from Sports Betting is possible and if so, how to do it.
First, we need to establish what making a living from sports gambling entails. Does it mean it is a full-time job or that you can earn enough to quite your 9-5. In our case, we will go with making enough money doing something you love and being your own boss.
Becoming a professional sports bettor is one way to do it. However, just know that the odds are against you making a living from it. This is because no matter how much you study a game, luck will always be a factor in it. Of course, there are sports betting software and tools that can help you win. However, if they were that good, everyone would be a professional sports gambler.
In addition, professional bettors have to bet larger amount of money to make a living from it. We are talking about making bets worth thousands of dollars each. For comparison purposes, recreational bettors usually make bet smaller than $100. Needless to say, only a small percentage of sports bettors are able to make a living from it.
The next option for Making a Living from Sports Betting is to join the other side by becoming a bookie.
How to Make a Living from Sports Betting
Becoming a bookie or running your own sportsbook is the most popular way to earn a living from sports betting. This is because you take out the luck factor in gambling and earn steady profit by taking wagers from gamblers. Unlike the movie perception of a bookie, bookies do not make money from players losing their bets. Instead, bookies make money from charging a commission for each bet they take.
There are many ways to become a bookie but the easiest method is using the PricePerPlayer.com Pay per head solution. This is because you do not need a large amount of money to start an online sportsbook. Instead, you only pay $5 or less per active player every week. In return, you get everything you need to start a bookie business.
Here are some of the Features You and your Players get with PricePerPlayer.com
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Once your bookie business is live, you only have to worry about acquiring and retaining your players. Of course, the more they bet, the more money you make as we take care of the lines for you!
In the end, owning a sports betting business is just like any other business. This is because you make a small investment ($5 per player) to get the necessary software, equipment and infrastructure. Afterwards, you work for yourself and do everything you can to make your business succeed!
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