Can I Make a Living Betting Sports? That is the question many recreational and amateur sports bettors ask themselves all the time and Minty Bets sits down with Teddy Covers to go over a 12-month plan to reach that goal. Some of the sports betting and lifestyle tips from Teddy and MInty cover in this video:
1) Cut Expenses: Fixed costs will kill you. Big diff between $2,000/Month nut vs $10,000/Month nut. Bankroll management begins. Lump-sum getting you in the game or steady profits as an amateur; either way, you’ve got to keep costs low first year or two or three. Set REALISTIC goals about how much $$ you’ll need for expenses every month. Year 1 you do not want to be raiding bankroll for rent $$.
2) Set up accurate record-keeping/bet tracking. Every wager must be tracked.
3) Learn your rules – no surprises about how bets are graded.
4) Learn your sportsbooks and factor in comp strategies. Who is going to kick you out or cut your limits if you win? Who welcomes action? Any bonuses available? Limits? What time do lines/totals get posted? What time do props get posted? Rules and juice on teasers and parlays.
5) Recognize lifestyle changes: you need to be ready to work every night and every weekend.
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