Many people enter the Sports Betting world to follow the steps of famous ºprofessionals like Paulo Rebelo, the most famous trader in the world, or Billy Walters, the most famous punter in the planet.
Everyone is allowed to dream, but is it really possible to do what they have done and become a professional in Sports Betting?
Many may think the answer to the question in the title is negative, but it isn't. Sports Betting is a large world of opportunities that includes unimaginable professions, so one has a wide range of career options to choose from.
To begin with, some myths need to be busted.
Initially, many rookies, but also some people with experience who haven't had consistent winnings, say that to make a profit in sports betting is impossible and that the house always wins. There is obviously some truth to that, since the house must always win, but that doesn't mean it's impossible to win. On the contrary, if you understand the maths behind bookmaking that allows the bookmakers to win money, or Juice, as it is commonly known, you'll find out how to get value out of the available odds. In fact, everything in this business comes down to maths, so it can be represented through equations.
Therefore, we know that there is always a difference between the real mathematical odds of an event and the odds available in bookmakers, so if you get ahead of everyone else you'll have a chance to make good money by betting with PEV, which in the long term will guarantee you a profit.
This is the logic behind the work of every successful investor in this business, since many billionaires prefer to invest in sports betting than in traditional stock markets and other financial applications. Have you ever heard of groups of investors that invest billions in these markets?
They are actually the ones who make the lines move. These groups vary in size and power, but there are also some big guys, who are single investors with large banks, but who can't compete with the groups, who usually have a lot more power to influence the market. And where do these investors put their money, since there's a chance you may have been limited by a bookmaker sometime after a big win?
These investors don't bet using the same bookmakers you do, they usually bet in Asian bookmakers that specialize in these large investors. Most of us have never heard of such bookmakers and couldn't bet using them if we wanted. You need to have a large bank to play with these big boys, and probably be recommended by someone within. And even then you must have a high turnover to stay in, since you pay large fees to enter these bookmakers. But the limits are high, it's a whole different league, but only the largest markets, the one with the most liquidity, are available.
But what does that have to do with being a professional in Sports Betting?
The answer is complex. The first factor is that sports betting can be very lucrative, which is why billionaires like to invest on it. The second is that you may be a professional in Sports Betting without spending your money, since these investors constantly look for professionals with the ability to place bets for them. But that is the top of the career for a tipster, at which point he becomes a broker, which is considered to be the top of the career for a bettor, since it's great to have the opportunity to bet someone else's money and not risk your own. But in fact the top of the leader is taken by big investors.
Reaching the highest leaders isn't easy and it takes a lot of hard work, but many have made it and realized their dreams. If they had all given up at the smallest glitch we would never have heard of people like Paulo Rebelo or Billy Walters, since in this life we aren't born winners, we have to work hard, fall down, get up on the horse and work even harder. If we're strong enough we'll find out that winning is about never giving up, then we'll get to where few have gone or ever will. Maybe someday you'll be one of these few people, since this is a growing market and nothing is definitive. It's a matter of believing and working hard to reach our goals.
So the answer to the question in the title is definitely: Yes
In Sports Betting you can be a trader, punter, handicapper, tipster, scout, broker, different professionals with their own set of skills, some specialize in information, such as scouts, but they are nevertheless respected and need professionals in Sports Betting. It's up to you to find out and decide which way to go: pursue glory or pure profit, stardom or anonymity. This is all possible within Sports Betting.
Today, in Brazil alone, I know many professionals in Sports Betting, who live exclusively off the profits they make in these markets. Some are traders, others are bettors or tipsters, apart from a few handicapper. There are sometimes small differences between these professionals, but in the end they amount to big differences. But in the end they are all professionals, with good profits and who are respected by the betting community, which in recent years has grown substantially and should continue to grow in the next years.
Therefore, as a master and old friend, Danilo Pereira, would say "a professional is someone who thrives on professionalism in all his actions, regardless of how much he wins or bets". But the goal of this article is to answer the question of whether it's possible to be a professional bettor and life off the earnings on Sports Betting, becoming a respected professional in this business. And all you need to know fits in a math equation, since bets are all about numbers and odds, which are all measurable. It's up to you to find value in the numbers, instead of playing fortune teller, trying to predict the outcome of sporting events. We are investors and not psychics, remember that!
Hugs and good profits everyone.