How Much Do Professional Sports Bettors Make? Million Or Billion
In recent times, sports betting has become very popular in the US, and as it is very profitable, many people have taken sports betting as a profession. However, there are some rumors among some people that a professional sports bettor earns about $25,000 to $30,000 a year. But it’s hard to be sure of this number because most data sources are wrong or nonexistent.
It also doesn’t consider the fact that many professional bettors work in secret and join a syndicate where they share the profits. So, the question how much do professional sports bettors make? In one word, there is no exact answer. However, earnings depend on the edge, the size of the bet, and the turnover. This piece is going to talk about these three things. Another thing is that many professional bettors use investor capital like SPORTS BET FUNDING, which allows bettors to gamble without investing from their pocket.
How Much Do A Pro Sports Bettors Make?
Professional sports betting is very hidden. First, remember that professional sports bettors don’t talk about what they do for a living. This is because betting is frowned upon in many cultures, so they don’t want to be graded fairly. The second reason is that people who have found a profit in their bets won’t talk about it because they don’t want bookies to find out their names.
Even though pro bettors like to keep their winnings a secret, there are many cases of betting sites and their partners calling people professionals based on how much money they’ve won with a particular bookmaker. But we’re not sure because bookmakers don’t want people who bet money to win. Bettors say these professionals are likely on high-rollers who win and lose a lot of money.
Return on Investment (ROI)
Suppose it is 1% Positive or Negative. You should expect to make more money when you bet more if your betting plan has a positive edge (EV+). On the other hand, an EV- approach means that the more you bet, the more likely you’ll lose.
Exchange Rate
The stake is what the return is. The change tells you how much you might win or lose in a given time frame. To find the Expected Value (EV), all you have to do is increase the turnover by the edge.
Bet Size
The average stake size can affect how big the changes in your bets are over a specific time period. The range is another name for how far the PnL is from the average.
Well, now that we understand the process and strategy of betting professionals, let’s learn about the points to becoming a professional sports bettor.
What Is The Way To Become A Pro Sports Bettor?
People who want to get the benefits of sports betting need to control themselves and only bet on games that make financial sense. These traits set professional sports bettors apart from casual bettors, who often bet based on their feelings and impulses.
You should have both strategy and tactics
Bettors on sports are known as smart and tactical thinkers. They value studying old data and comparing odds and markets from different bookmakers. A lot of the time, they build their own strategies and fill out Excel sheets with formulas that automatically evaluate the factors that are important to them and how they plan their tactics.
They are also up to date on the latest data and news about sports betting. These people who work in strategy need to be patient because it helps them focus on the long-term goals and stick to their plans.
Do your research and company studies
The best sports bettors do more than just look at past results. They also look at their current bets to see what worked and what didn’t. When they lose, they use what they’ve learned to evaluate and improve their tactics.
Also, research backs them up, and it’s not just valid for the teams playing a particular game. Also, it’s about getting the best chances. Line shopping is one of the key strategies of professional sports bettors. For this reason, they look at prices on different websites and pick the best one. If players win, they will get more money, which means they will get the most out of their efforts.
Make A Proper Money Management
Pro sports bettors are very good at keeping track of their money. They know how much they can risk in one game, so even if they lose, it doesn’t change their overall balance.
Bettors who win most of the time know that losing is part of the game and don’t give up when their bets don’t pay off. The most important thing is that they know exactly how much losing would hurt them and never go over that line.
Be Prepare To loose
Betting is always a risk. No matter how much study and planning you do you can lose any time. Those who bet on sports know that there is no surety of winning. This is why they don’t take wins for granted or give up when they lose.
Also, they have to learn by making mistakes because no plan or tactic will ever work perfectly. Situations change all the time, and so does each person’s betting style.
Have Confident In Yourself
Because there are so many factors to consider, the best sports bettors have to trust their strategies and reasons for making choices and taking chances that most people wouldn’t even think of.
Bettors need to be very self-confident to keep going strong. However, if you take it too far without also being aware that things don’t always go your way, you could want to win at all costs.
Understand Your Passion
Plan ahead, do your study, and be willing to take risks can only get you so far. Being able to understand and control your feelings is another important thing that sets professional sports bettors apart from regular people. A smart sports bettor will never let a win or loss blindside them, no matter how big or small.
They will always know and understand how they’re feeling. Cathy Hulbert, a professional player who made about $5 million playing slots and card games, said she would bet less if she is upset.
FAQ
How much money do professional sports bettors make on average?
On average, professional sports bettors can make between $25,000 to $30,000 per year. However, this amount can vary widely depending on their skill, strategy, and the amount they are willing to bet.
Can professional sports bettors make a living from betting?
Yes, some professional sports bettors make a living from betting. They treat it like a full-time job, dedicating a lot of time to research and analysis to improve their chances of winning.
Is it common for professional sports bettors to lose money?
Yes, even professional sports bettors can lose money. Betting always involves risk, and no one can win all the time. The key is to win more often than you lose over the long term.
Do professional sports bettors make the same amount every year?
No, earnings can vary from year to year. In some years, sports betting might be very profitable, while others might result in smaller profits or even losses. It’s not a guaranteed steady income.
How much do the top professional sports bettors make?
The top professional sports bettors can make several hundred thousand dollars to even millions per year. These bettors often have years of experience and a deep understanding of sports and betting strategies.
Conclusion
Understanding how much professional sports bettors make is complex due to the secretive nature of their operations and variability in earnings. The actual figures depend on factors like betting edge, bet size, and turnover. The question is, how much do professional sports bettors make? There is no exact answer, but substantial profits are possible with the right strategy and discipline. To learn more exciting things about sports betting, connect with us.
FREQUENTLY ASKED QUESTIONS
The Betting Stage® is our program that helps players build better skills, discipline, and habits as they are evaluated for sports bet funding. Achieve the objectives in the Betting Stage® to earn the Player Funded Account™.
The following is an overview of the full journey traders can expect with Sports Bet Funding:
The Betting Stage®
Objectives:
Reach and maintain the profit target (30% Phase 1, 25% Phase 2)
Place a minimum of 20 bets
Bet a minimum of 20 days
Rules:
Do not allow your Account Balance to hit or exceed the Maximum Loss Limit
Do not lose more than or equal to 15% of your initial balance in a day.
Do not lose more than or equal to 30% of your initial balance at any point in the challenge.
Player Funded Account™
Objectives:
Reach and maintain the profit target of 25%
Rules:
Do not lose more than or equal to 10% of your initial balance in a day.
Do not lose more than or equal to 20% of your initial balance at any point in the challenge.
As you probably know, becoming a successful sports bettor who consistently takes profits from his bets is no small task. Losing $1,000+ when placing bets is a real thing that happens to players every day. Our mission is to provide a safe experience so that players can professionalize their passion while also limiting your personal risk.
Once you pass both phases, you are guaranteed a Player Funded Account™ with us.
After you earn a Player Funded Account™, we recommend you focus on minimizing your risk and building up your account balance through strategies learned in The Betting Stage®.
Once you have built up your account, we recommend that you start paying yourself and balance payouts while continuing to grow your account. This way, you will be prepared should you experience an unexpected drawdown.
If you are thinking about how to leverage the Betting Stage® and have more questions about membership or the path to earning a Funded Betting account, we encourage you to chat with a Sport Bet Funding Specialist who can help answer any questions you have about the programs.
You can also reach the Player Support Team here.
To learn more about Sports Bet Funding®, check out our Help Center or join Discord.
Choose The Betting Stage® of your choice, i.e. $2.5K Rookie ($250 max wager), $5K Tipster ($500 max wager), $10K Punter ($1,000 max wager), $25K Wagerer ($2,500 max wager), $50K Player ($5,000 max wager), or $100K High Roller ($10,000 max wager).
Click “Buy Now” (Make sure you sign up with your full name exactly as it reads on your government issued identification; do not use a fake name or a nickname; if you qualify for a Player Funded Account™, you must submit government issued identification)
Follow the steps to purchase the The Betting Stage® account and create an account with Sports Bet Funding.
Once payment is complete, your account will be created. Please allow up to 2 hours to receive an email containing your credentials (if account is purchased after 5:00PM ET, please allow until next calendar day @ 11:00AM ET).
A video tutorial is available here
Follow the rules of the betting programs and you will succeed. Break the rules and the account will be terminated.
The Betting Stage®:
- Minimum days betting: 20
- Minimum bets per phase: 20 bets
- Only Straight Bets and Parlays are allowed.
Parlay Rules:
- Max Teams: 2
- Max Odds: +300
- Minium Bet Wager: 5% of initial balance.
- Maximum Bet Wager: 10% of initial balance.
- Maximum Daily Loss: Cannot be greater than or equal to 15% of initial balance.
- Maximum Overall Loss: Cannot be greater than or equal to 30% of initial balance.
- Profit Target To Complete Phase 1: 30% of initial balance (must meet minimum day and bet requirements).
- Profit Target To Complete Phase 2: 25% of initial balance (must meet minimum day and bet requirements).
The Player Funded Account:
- Minimum days betting per 30 days: 20
- Minimum bets per 30 days: 20 bets
- Only Straight Bets and Parlays are allowed.
Parlay Rules:
- Max Teams: 2
- Max Odds: +300
- Minium Bet Wager: 5% of initial balance.
- Maximum Bet Wager: 10% of initial balance.
- Maximum Daily Loss: Cannot be greater than or equal to 10% of initial balance.
- Maximum Overall Loss: Cannot be greater than or equal to 20% of initial balance
Once you qualify for a Player Funded Account™, there are two options available.
The monthly subscription is $85 per month per Player Funded Account™
The one-time fee is $250 per Player Funded Account™
Betting frequency must be carefully considered when deciding between the monthly subscription and the one-time fee. Deliberately placing minimal bets only to count as a betting day or keep a near-depleted account active, is not permissible.
Meet your Profit Target while Managing Risk (do not let your account meet either of the max losses).
Bet for a minimum of 20 days.
Please note, There is no maximum limit. All 20 days of betting must occur on the same account number that met the target. Multiple account numbers can not be combined, i.e. 10 days with one and 5 days with other.
What happens if I reach my goal in 3 days? Do I have to keep placing bets? (Yes)
If I reset my Betting Stage® account, do previous betting days count? (No)
If I reset my Betting Stage® account, does my previous betting balance count? (No)
What is considered a betting day? When does the clock start ticking on my new account? Days are calendar days – clock ticks the day credentials are emailed out (if received PRIOR to 5:00PM ET)
Consistency Guideline
Potentially hitting a profit target in a short span, could be luck. A day later, one could be unlucky. We want players to learn the ability to manage risk, stick to a betting plan, demonstrate their strategy and measure of consistency. Betting conditions change. You do not need to bet every day. Be wise, selective and patient. Betting Stage® accounts with monthly subscription fees connected to them remain active until you cancel.
I hit my goal early, how should I bet my remaining days?
Sports Bet Funding has made our case for needing to see you demonstrate your skill and bet on 20 individual days. However, we understand the wisdom of risk management if you have reached the required target. It’s acceptable to lower your bet size. This allows you to continue to take your normal bets which demonstrates your usual betting plan and strategy on the remaining days.
Players are permitted to purchase and operate more than one Betting Stage® account at the same time, as long as they are all associated with the same email address. Likewise, players are permitted to operate more than one Player Funded Account™ simultaneously. Multiple Player Funded Account™ will not be combined into one larger account and each require their own small monthly fee of $85 per month or one-time fee of $250 regardless of the size of the account.
WARNING *If a player is discovered to have registered more than one membership and operate more than one email address, that account is subject to termination.
SBF has set a defined limit of three (3) Player Funded Account™ that can be operated concurrently.
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