I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?
I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?
It is possible but it is not easy at all, now I am not an expert on the topic but this is in fact possible due to the lack of skill of the general public and a process called balancing the books, in theory a sportbook would like to earn the same amount of money in a single event regardless of who won, however sometimes there is a team or player that is so favored by the general public that if such a team or player were to lose the casino would lose money.
And in an effort to bring more people to bet on the other side the sportbook offers better odds for it and worse odds for the favorite, this is called balancing the books, but in this process smart bettors can get very good odds for their bets, win more often and more money as well, but doing this as you can guess requires a great deal of knowledge about a sport and the odds as well.