By: Milling Galloway
Sports betting is an addiction that many people struggle with. Which pops the question can sports betting bring in a steady income. If we are going to look into this, first you have to understand what sports betting is. Forbes states, “Sports betting is the act of risking money on the outcome of a sporting event or any aspect of a sporting event. The goal is to turn a profit.Sports betting includes wagers on the moneyline, spread, Over/Under, parlays, props and futures.Multiple factors determine how much money sports bettors can win.” So, if you were asking the question of if it’s gambling. The answer would be yes. Unlike other gambling ways sports betting is the most reliable of them all. Unless you know nothing about what you are going to gamble on. ElitePickz mentions, “Professional sport bettors rarely sustain long-term winning percentage above 56% and sometimes the lowest win rate of 53 – 54 %. The break even winning percentage of a profitable sports bettor is typically 52.4%.” This truly isn’t that bad of odds and you also have to put in perspective of how many non-knowledgeable people make bets. I personally think sports betting could be a profession. It’s kinda like being a stockbroker, just with sports. Some sports bets can give you a max payout of a lot of money. The bad thing about it though is that the risk can be very high. Losing money is a common theme among people. But not me, just kidding I am not old enough to bet. When I turn the appropriate age, I might dabble into the sports betting industry. In my opinion nothing can beat sitting back on the couch and relaxing. Also you will be making money at the same time. What gets better than that? Nothing does, so sports betting could be a sustainable profession.
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