Top Ranked Sportsbooks

sportsbook online

How Much Can You Realistically Earn Betting on Sports?

August 21, 2014

I’m frequently asked how much sports bettors make. It’s a complicated answer because there are so many variables. How much you will make depends on how much you’re willing to invest, how disciplined you are and how skilled you are at betting on games against the spread. All of those factors matter equally in determining potential earnings. Let’s take a look at what I’m talking about in-depth:

(Wallet) size matters

Chicks dig a big fat wallet. But money is good for more than just picking up chicks. Having a sizeable bankroll is important when trying to build your sports betting empire. Let’s say you only have a few hundred bucks to work with. Sure, you could get ridiculously lucky and go on a heater. What do you think the odds of getting by with just a few hundred bucks? One in a million.

The thing with having a big bankroll is it gives you some wiggle room. You can afford to have a bad run. If you start out with just a few hundred – or even just a grand – you have no wiggle room. You won’t be able to withstand an early bad run of luck. You will have to win early and often, with no bad streaks until your bankroll is big. That’s not something you should count on.

Disciplined gamblers make the most

When you score a big win, what do you do with the money? Do you take a European vacation? Or do you put that money in the bank? If you answered the latter, you’re cut out for this. The more disciplined you are with your money, the more money you will earn. It’s very simple. If you blow your money when you win on unnecessary things, you will kill your bankroll.

The toughest part about earning a living betting on sports is learning discipline. Winning money feels good. It’s exciting when that big parlay comes through. We all want to take those winnings straight to the mall, but the disciplined sports bettors know that’s not the right thing to do. There will be plenty of times to spend winnings. Wait until your gambling bankroll is large before you spend away.

Disciplined or not, you still need skill

Being disciplined is a necessary trait. However, that doesn’t mean you’re going to make anything betting on sports. You also need to be a skilled sports bettor. What does it take to become a skilled sports bettor? There are many things. Take a look at this recent article on what you might be doing wrong and this tips on how to become a better sports bettor article. They’ll help you out a lot.

Sports betting isn’t easy. If it were, everyone would do it and sportsbooks would never last. Most sports bettors lose. But that doesn’t mean you have to. If you are able to acquire the necessary skills and have discipline, you most certainly can earn a nice living.

So how much can you make?

You can make millions or you can make pennies. Or you can lose your money. It all depends on how skilled you are, how disciplined you are and the size of your bankroll. It’s up to you to determine how much you are going to make.

Sportsbook