Professional online betting isn’t for everyone.īy turning your hobby into your profession, you risk losing your passion and becoming disenchanted with online betting. You don’t need to become a professional online bettor. If you’re one of the many people who enjoy online betting as a fun and entertaining hobby, that’s great. There is a 20 chance of this happening, calculated by 1 / (4 + 1) 0.20. As an example, with odds of 4/1, for every 1 you bet, you will win 4. Professional online betting isn’t for everyone Betting odds represent the probability of an event happening and therefore enable you to work out how much money you will win if your bet wins. You certainly won’t become rich overnight, unless you’re very very lucky. Learning how to become a profitable online bettor takes time and effort - just like building any other type of skill.Īs such, making money through online betting is not a get rich quick scheme. They don’t place a bet on Mumbai Indians because they love the team and want them to win, they place the bet because they have concluded through research and analysis that this provides the best opportunity for profits. Therefore, they take a very analytical and research-based approach to online betting. These players do not bet online because they think it’s fun - they bet online with the sole purpose of making a profit. Yes, like we mentioned above there are players who manage to make money consistently with online betting.