10 Traits of a Successful Sports Bettor
Successful sports bettors are rarely found. Practically, it is very uncommon to find an individual that is profitable over the long haul on sports betting. These successful bettors tend to have some common traits that aid them in being better at sports betting than the rest of the pack. Here are the 10 Traits of a Successful Sports Bettor.
Common Skills of Successful Sports Bettors
Here are some common attributes of successful sports bettors.
1. Knowledge of Sports
The first and foremost trait of sports bettors should be pretty obvious, in depth knowledge of the sports. Sports bettors need to have a solid knowledge of sports. Without this trait, it is impossible to become good at sports betting.
Using their knowledge of sports, these successful bettors have a good understanding of the many different things that can impact the outcome of sporting events.
2. Strong Calculation Skills
Betting on sports involves number crunches. From historical performance data to bookmaker odds, there are lots of numbers to look at and calculate. If you’re not good at math, it can be tough to understand what all of these numbers mean to you and your sports betting wagers.
Hence, successful sports bettors tend to have very strong math skills. Using this skill set, they can quickly understand the data they have access to means. These bettors use their strong math skills to quickly evaluate and interpret data for the sake of making quick and educated betting decisions.
3. Great Money Management
A successful sports bettor will have great money management guidelines for themselves, and they will stick to these no matter what. It determines how much of their total bankroll will be placed on each wager. The goal of a successful sports bettor will be to make money over the long haul.
4. Emotional Control
Controlling their emotions is the biggest thing that separates professional gamblers from recreational gamblers is that professionals can control their emotions. But this is not done by many recreational bettors.
Emotional control is a tough habit to master. At the same time, it will be impossible to become a successful sports bettor if you can’t set your emotions aside. If you want to become a successful bettor, you’ll have to learn emotional control so that you begin to make decisions based on data as opposed to your emotions.
5. Line Shopping
Unlike recreational sports bettors, as a successful bettor will not rely on just one sportsbook, these bettors will usually shop their lines across multiple sportsbooks. By shopping around, they can make sure that they are getting the best bang for their buck.
If a successful sports bettor can find a sportsbook offering a wager at 0.5 points better than the market average, they’ll be coming out ahead if they win the bet.
6. Great Discipline
Having discipline in their game and life can make a great and successful bettor. Using this strong discipline, these bettors 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. Using strong discipline, a successful sports bettor will utilize strong discipline in areas such as staking plans, bankroll management, and the overall wager plan of attack.
7. Understanding of Value
A successful sports bettor will have a good ability to understand the value. Successful bettors will look at a bet’s overall value to make out if it is worth the risk.
What successful sports bettors look for are wagers that have a high value. An ideal wager will have a big potential 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.
By understanding value, the bettor work to get more bang for their buck.
8. A Visionary
Patience is a key trait of successful sports bettors. What differentiates successful bettors is that they can step back and take a long-term view. This is one of the 10 Traits of a Successful Sports Bettor.
Successful sports bettors know it is not possible to win every bet. Even in runs of losses, successful bettors understand that there are highs and lows in what they do.
Overall, a successful sports bettor on average will win somewhere between 50% and 60% of their wagers.
It is important to be able to take a long-term view if you’d like to become a better sports bettor.
9. Strong Organizational Skills
Another key trait of successful sports bettors is strong organizational skills. As there is a ton of data when it comes to sports betting. These bettors will be able to properly organize and sort this information so that they can make sense of it.
Your ultimate goal should be to record a history of your sports betting wagers. Using this organized data, you can refer to it to review your historical trends to see what worked for you and what didn’t.
10. Flexible, Adaptable, Resilient
To be successful, you need to be flexible, adaptable, and resilient. This is one of the 10 Traits of a Successful Sports Bettor. They know that things change over time and that in turn means that their plans and strategies must also change.
Resilience is another key trait of successful sports bettors. A successful bettor will remain resilient even in the downtimes, knowing that you have to take the good with the bad.
Synopsis
If your goal is to become a more successful sports bettor, you should work on all the above-noted skills. It’s much easier said than done, but you should work to become more flexible, adaptable, and resilient over time. By adopting above listed 10 Traits of a Successful Sports Bettor, you’ll better align yourself with some of the traits of successful sports bettors.