Successful sports bettors are rare to find. Practically, it is very uncommon to find an individual that is profitable for a long time on sports betting. The fact is, luck and basic sports knowledge will only get you so far. To be a successful bettor, you need to possess some common traits to be a professional having an edge over other bettors. Here are the 10 Traits to Be a Successful Sports Bettor.
Common Traits of Successful Sports Bettors
Here are some of the common traits of successful sports bettors.
1. Knowledge of Sports
This is a common trait. To be successful, you need to have a solid knowledge of sports. Without this trait, it is almost impossible to become good at sports betting.
Good knowledge of sports allows you to understand better things that might impact their wagers. Successful bettors have a good understanding of the many different things that can impact the result of sporting events. They are more likely to make better-educated wagers than someone less knowledgeable about sports.
2. Strong Math Skills
Betting on sports is all about a ton of numbers. From historical stats to bookmaker odds, there are lots of numbers to look at and evaluate. If you’re not good at math, it can be tough to know what all of these numbers mean to you and your sports betting wagers.
You need to have very strong math skills. Having this skill, you can determine what wagers you want to place. Professional bettors use their strong math skills to quickly analyze and interpret data for the sake of making quick and educated betting decisions.
3. Excellent Money Management
Managing money is yet another most necessary trait in almost all spheres of life. Without excellent money management skills, it’s not easy to make a long and successful run in sports betting. If you end up betting too much of your bankroll on single games, it could be detrimental to your bankroll account.
A successful sports bettor will have strict money management guidelines for themselves, and they will stick to these no matter what.
4. Emotional Control
This is one of the biggest things that set aside professional gamblers from recreational gamblers. Emotional control is easier said than done.
A successful sports bettor will know when to toss his love for the Packers aside to make a smart betting decision.
Emotional control is a tough habit to master. However, it will be impossible to become a successful sports bettor if you can’t control your emotions. You must learn emotional control so that you begin to make decisions based on data as opposed to your emotions.
5. Line Shopping
Unlike immature sports bettors that typically rely on just one sportsbook, professional bettors usually shop their lines across multiple sportsbooks. By shopping around, the successful bettors can make sure that they are getting the best bang for their buck.
As a successful sports bettor, you need to find a sportsbook offering a wager at 0.5 points better than the market average.
Online line shopping is that it allows you to get the maximum value from your winning wager.
At a minimum, we’d suggest that you sign up with at least two different sportsbooks. Be sure to shop the lines between the two sportsbooks. Your goal should be to find the one offering you the best pricing. By not line shopping, you’ll end up leaving money on the table.
6. Strict Discipline
Using strong discipline, you can stick to a plan and remain focused on the overall long-term goal.
Strong discipline is key in the grand scheme of things if you want to become successful at sports betting. This will help you in areas such as staking plans, bankroll management, and the overall wager plan of attack.
7. Ability to Understand Value
You need to have a good ability to understand the value. Recreational bettors don’t usually analyze the value of a bet. Successful bettors, however, will look at a bet’s overall value to determine if it is worth the risk.
They look for high-value wages. An ideal wager will have a big payout with a relatively small risk. The goal of these bettors is to not risk a huge amount of cash for a relatively small overall return.
8. Strong Analytical Capabilities
Something else that successful sports bettors have is strong analytical capabilities. When it comes to sports betting, there is a ton of data that needs to be analyzed. Without these skills, it is difficult to become successful over the long haul.
They review and analyze as much data as possible to make the best-informed decision they can. If data analysis is not your strong suit, you can find lots of good tips and research on the internet to help you begin to strengthen your analytical capabilities.
9. Ability to Take a Long-Term View
Patience is a one of the 10 Traits to Be a Successful Sports Bettor. What differentiates successful bettors is that they can step back and take a long-term view.
Professional sports bettors know that they won’t win every bet. However, sports bettors set a goal for themselves that they want to win more often than not. Even in the event of losses, successful bettors understand that there are highs and lows in what they do.
If you give up too quickly and easily, you might be missing out on something much larger.
10. Adaptable, Flexible, and Resilient
To be successful, sports bettors need to be flexible, adaptable, and resilient. They know that things change over time and that in turn means that their plans and strategies must also change. Being flexible and adaptable is key.
Resilience is also one of the 10 Traits to Be a Successful Sports Bettor. Sometimes you’ll feel like the king of the world, and other times you’ll feel like you have lost everything. A successful bettor will remain resilient even in the downtimes, knowing that you have to take the good with the bad.