Online Sports betting is growing rapidly in India. Every month new online betting sites are entering the market and gamblers in India now have a full selection of top iGaming to choose from. To offer online gambling in India is legal as long as the gambling operator is not based in India. This is one of the main reasons why European gambling operators are launching versions of their betting sites in India with sports betting and casino online.
Betting online is considered a game of chance and like most games of chance, the house always wins. But is this really true for sports betting and is it possible to become a professional gambler? The answer to that question is yes but it requires a lot of skill and endurance. In this article, we will guide you through what it takes to become a professional gambler.
Table of Contents
The first thumb of rule for a gambler is how to manage your bankroll. This is pretty much like investing in stocks where you need to make sure you diversify your portfolio to minimize your risk. If you want to get a good return on investment/bet over time you need to bet in units and not only looking at the stake amount itself.
This is how you could units. A unit should be 1-2% of your total bankroll depending on how aggressive your betting approach is and. A bet should be 1-4 units depending on how confident you are of a winning bet.
Example: You make a deposit of ₹10.000 into a sports betting site. Every unit should then be equal to ₹100 – ₹200 (1-2% of your bankroll) and your bet size should be (if based on a 1% unit structure) ₹100 – ₹400.
You might ask why using units is a good approach? There are several factors that come into play. First of all, the use of units will give you a nice diversification and give your bankroll a chance to survive in times where you’re on a bad streak. Another very important reason to use units is the fact that your bankroll will continuously change and the bet amounts will change accordingly.
Have an eye for detail
Know the sport you are betting on. Follow a few teams/or players closely and read and watch as much as you can about these teams/players. The more you know the better chance you have to find insights that the sports betting sites might have missed and therefore their odds might not be set correctly. A sports betting site offers bets on almost anything and there is always a chance that you might know more on a specific detail which ultimately gives you the upper hand.
Keep a cool head and stick to your strategy
There will be periods of ups and downs but don’t them affect you in the way you gamble. If you’re on a winning streak, do not go let go of your winning recipe. This is a classic mistake most gamblers do. They start to be on sports outside their expertise which often results in a winning streak turning into a losing streak.
Stick to what you know
Bet with your head, not over it. If you know one game better than the other, always go for the one you know. The more insights you have the greate the chance of a winning bet.
Becoming a professional gambler might sound easy but it takes time to fully master the art of betting. Start with small amounts and build your bankroll. This will make the transition from social gambler to pro gambler natural and along the way, you will have time to figure out if this is something for you.