Did you know that, according to Statista, betting on professional sports picks generates more than 13% of all the global revenue generated by gambling each and every year? In the United States alone, rabid sports fans looking to bet on MMA or their favorite college football betting picks generate at least $700 billion for the United States economy annually.
If you’re somebody who likes to bet on sports gambling picks, you know that this is a game of risk. Quite honestly, the thrill of gambling is often the possibility of losing. That being said, you can win on your sports gambling picks and feel that thrill, if you know how to be smart about it. With these three tips, you can do just that.
Three Pointers for the Gambler Looking to Finally Make Money on His Sports Gambling Picks
- Make Sure Gambling isn’t Illegal Where You Are
- Find a Knowledgeable Bookkeeper
- Make Your Bets at the Right Time
You might not realize it, but Nevada is the only state in the union where sports gambling is legalized, taxed, and regulated. In other words, if you’re placing bets anywhere else in the country, you run the risk of running afoul of the law. Needless to say, if you’re making bets outside of Sin City or anywhere else in Nevada, the only way you’re going to make money is if you manage not to get caught.
For Huffington Post, there is really only one way to be smart about betting on sports, and that’s by finding a knowledgeable bookkeeper you can trust. Bookkeepers run the odds on different sporting events, providing their clients with the data they need to make smarter decisions with their money. Yes, your booky will take a cut, but if you don’t use a bookkeeper, you might end up with nothing at all.
As The Sports Geek, a popular online sports gambling community, points out, if you want to be successful in the world of sports gambling, you need to know when to make your picks. Public favorites, for example, should be picked early to get the best odds. Underdogs should be picked as late as possible to ensure your shot at the biggest possible pot.
Do you make a living off of smart sports gambling picks? If you’re willing to share, let us know about some of your tips and tricks in the comments below. More info like this.