Unfortunately, sports betting is not all about thrill and positives. There are certain downsides and risks which have to be admitted. Let us discuss the not so bright side of sports betting for a living.
An uncertain source of income
Sports betting can make huge money, however, the earning can never be guaranteed. As a professional sports gambler, you won’t be able to rely on a paycheck which is certain at the end of every month in case of a regular job. Your income will vary depending on the results and you can even generate negative income which means loss. This arises the need to have some savings. Hence, a large bankroll coupled with some savings for living expenses makes it clear that one needs a significant amount of starting capital before considering taking up betting as a full-time job.
Too much Betting can lead to gambling addiction
T20 IPL India experts says that At times, betting can be even more addictive than drugs. Many people lose their life’s earning in betting and yet they can’t get away with the temptation to play more, and this type of addictiveness can be fatal for your livelihood.
Placing Wagers Can Get Difficult
Placing wagers is perhaps one of the biggest hindrance faced by a sports bettor
Bookmakers operate commercially and hence are out to make money. If you continue to make money from your betting, then you can expect to start seeing your accounts being closed. If not anything, you will be limited in terms of how much you can stake per wager
You Need A Large Bankroll
You need a huge amount of money to rely on sports betting as a sole source of income. It needs to be a reliable source so that you can place wagers at the stakes that will provide you with the income you want, and also it might have to withstand a long losing streak.
Irrespective of your betting skills, you cannot win every bet. Even if the number of wins is more than the number of times you lose, there is still going to be occasions when you will not get the desired results. If your bankroll isn’t capable to withstand a bad losing streak, your sports betting fantasies will be cut short.
As evident, betting on sports for a living has some drawbacks. you would have to navigate risky seas, soak in some serious research each day to succeed. You need to have a really strong rein on your emotions. Now that you are aware of the disadvantages it is up to you to decide whether you think sports betting is the right option for you or not.