Professional Betfair Trader - Caan Berry. In 2009, I began dabbling with something called Betfair trading. Despite my optimism about the possibilities, I had no idea how much it would change my life at the time. I decided to get serious after a year or so of messing around, making the usual mistakes, and getting burned. Since then, I've grown into a successful sports trader, analyzing risk and understanding how markets work.
Are you looking for a way to make consistent profits from sports betting? Look no further! As someone who has made deep into six figures in profits from sports betting, I have some insider knowledge to share with you. First and foremost, if you're placing wagers without calculating the expected value, you're doing it wrong. Betting on a hunch or based on personal opinions is a surefire way to lose money in the long run.
Sportsbooks exist to make a profit
Sportsbooks exist to make a profit, and they do so by pricing odds lower than the true probability of an event occurring. For example, a coin flip has a 50% chance of landing on either side, so the true odds should be 2.0. However, a sportsbook would price the odds lower than that, such as 1.8. This means that for every winning dollar or pound that you bet, the return is only 1.8.
To calculate the true odds of an event, you simply divide one by the percentage chance as a decimal. For a coin flip, this would be 0.5, resulting in true odds of 2.0. If the betting odds are over 2.0, then you have identified a valuable opportunity to make a profit. On the other hand, if the odds are lower than 2.0, the sportsbook is ripping you off.
How to make consistent profits on sports betting?
The key to making consistent profits is to only place wagers at a positive expected value. This means finding bets with odds that are higher than the true probability of the event occurring. This requires a level of discipline and patience that not all sports bettors possess. But if you're willing to put in the effort and do your research, you can stack the odds in your favor.
It's important to note that successful sports betting requires a different way of thinking. You must be rational and analytical, rather than impulsive or addicted. While 95% of sports bettors fall into the latter categories, those who think differently have a higher chance of beating the sportsbooks.
Now that you understand the basic principles of sports betting, there are two paths to take in order to profit. The first is to place value bets at enhanced odds. While individual bets may lose, over the long term you will win more than you lose. The second option is to use multiple sportsbook accounts to ensure that you can always find the best odds for a particular event. This requires some management of VPNs and sim cards, but it can be a successful strategy for serious sports bettors.
In conclusion, sports betting can be a lucrative way to make consistent profits if you approach it with the right mindset and strategy. By only placing wagers at a positive expected value, and by using multiple sportsbook accounts or taking advantage of enhanced odds, you can stack the odds in your favor and come out ahead in the long run. So stop following mainstream thinking and start thinking purely about pricing and maths. Good luck!