Betting Fundamentals

Guides

Chapters

4 The Winner's Sensibility


Long term success in sports betting is very much about developing the right mindset. To be profitable in the long run, you must apply the basic fundamentals of successful betting, time and time again until it becomes second nature.


By the time you complete each of the bettingexpert Academy tutorials, we're sure this winner's sensibility will indeed have become almost second nature for you every time you think about placing a bet.

But before we go any further, it's a good time to set some expectations.

1. The Reality

If you thought that successful sports betting was all about going for the 'big score', then you're in the wrong game. It's time to reassess your expectations.

This is not about winning the lottery. This is not a get rich quick scheme.

What successful sports betting is about is applying the fundamentals with repetition. Yes, it would be great if we could discover a betting system that would win 80% of our bets. But this isn't the reality.

The reality is that the margins between success and failure are very small and which side of the margin you end up on depends on how you maintain your commitment to sound betting principles.

2. No Time For Ego

You will win some bets. You will lose some bets. You will have winning runs. And you will have losing runs. This will happen.

Nobody likes losing, especially when it's your own hard earned money being lost. But losing in this way is something that all successful sports bettors must learn to deal with.

No, it's not easy. But it is a fact of life for a long term sports bettor. There is no place for ego. If you can't learn to lose, then the perils of inconsistent betting strategy await you.

And you will end up losing far more than your pride.


Bet smart.

Bet sensibly.

Bet within your means.


And in the long run, you will come out on top.

3. Persistence

If you want to become a successful sports bettor because you saw a film that depicted the lifestyle in a glamorous manner, think again, time for a reality check.

Like everything in life, success in sports betting is largely determined by hard work. Yes, there's plenty of luck involved too. But luck without hard work won't get you far.

You must be persistent.

Yes, there will be setbacks. Yes, you will have moments of doubt.

But this is the challenge! Enjoy it.

The reality is that those who are successful in sports betting are so because they have earned hard fought experience. And in time, you will too.

4. Patience

Don't expect to become a betting super star over night. Give yourself reasonable expectations. Set goals. Take one step at a time. As they say, it's all part of the journey.

Start out small.

Focus on particular sports or leagues that you already have an interest in and a knowledge of. This knowledge will help you lay the foundations.

It would be great if we could all become professional bettors within a few months or even a few years of starting our betting journey. But for reasons such as experience and finances, this is unlikely. It takes time.

So don't be hard on yourself. Keep working. Keep applying your knowledge. Take pride in your progress and learn from your setbacks. The successes will come.

5. Never Stop Learning

Finally, you can never stop learning. And in sports betting in particular, it's a good thing to maintain a sense of intellectual humility.

Always keep an open mind, even when you have achieved a level of success. You can always get better. An open mind will only enhance your betting prowess.