Put more work into your mental fortitude for dealing with losses than any other mental aspect of your game. A big trap bettors fall into is thinking about money lost in terms of opportunity cost to something they could have purchased with that money.

If you view your bankroll money in terms of purchases you needed to make using that money, then it was never really part of your bankroll. Any gain or loss in your bankroll is not representative of any material object. Remember that gaining EV is your real goal in maximizing bankroll growth.

Focus on that increase in EV rather than the decrease in AV. It will do wonders in terms of accepting a loss, even a gut-wrenching bad beat.

Dealing with an individual loss is one thing. However, what if you have to deal with a punishing string of losses. Every bettor goes through this.

How you deal with an extended downturn is another major component of being able to handle losses. Here are 3 ways to deal with a losing streak. When your confidence returns, resume your betting.

Notice the advice did not include re-evaluating your angle, work to see if the market was now more efficient, or try to find new outs for the bet. Those steps should be taken frequently whether you are winning or losing. This brings us to the next necessary mental component of being a Professional Gambler.

While less important than how you handle losses, the way you handle wins is still imperative. That is just the way the human brain works. The dopamine high from significant wins tends to decrease over time. The natural intuition is that when you are winning, you do not want to change a thing.

However, if you work just as hard on the way up as you do on the way down, you will be in much better shape in the long run. Never let winning be your deodorant.

Be vigilant about whether there are ways you can improve your edge despite good results. Betting earlier. Finding new outs. Knowing when to hedge a bet. Whatever it takes to continue to improve. As I mentioned before, but it is worth repeating, the best thing you can buy with your winnings is a bigger bankroll.

The natural inclination is to reward yourself. However, do you reward yourself when the stock market or the price of Bitcoin goes up? When it comes to their chosen profession some Professional Gamblers can fall into the trap of God Mode. The feeling of being invincible. The feeling that they are destined to win out in the end.

A mindset that they just cannot lose. This is as problematic as believing you are cursed. Streaks happen and the human brain is programmed to seek out patterns whether they exist or not.

Just because you are winning does not validate your edge any more than losing invalidates it. Your results are a product of the EV you generate. Sometimes you manifest more AV than EV, sometimes you simply bank EV for future manifestation.

Do not let yourself slip into God Mode, it often precipitates a fall. As I mentioned, many players are afraid to change a thing when they are winning. This includes their bet size. Worse yet, many will anticipate regression is coming and will lower their stakes to lock in a win.

Past results do not indicate future performance — Good or Bad. If you have used your winnings to buy a bigger bankroll then you should be willing to adjust your stakes accordingly.

Odds Props DFS Pick'em Edge Rusher Prop Rusher Teasers Props Simulator. Odds Edge Rusher Teasers. Odds Props DFS Pick'em Edge Rusher Prop Rusher. Odds Edge Rusher. Other Sports. NFL Odds Props DFS Pick'em Edge Rusher Prop Rusher Futures Teasers Season Simulator Props Simulator Massey-Peabody Ratings Survivor Optimizer Pool Pick'em Edges.

NCAAF Odds Props DFS Pick'em News Teams Edge Rusher Prop Rusher Teasers Props Simulator Massey-Peabody Ratings Pool Pick'em Edges. WNBA Odds Props DFS Pick'em Edge Rusher Prop Rusher Teasers Props Simulator. Compare Lines Derivatives - Alternate Lines Derivatives - Partial Game Closing Line Value Hedge Betting Calculator Odds Converter No-Vig Fair Odds Calculator Hold Calculator.

The Art of Sports Betting Betting Strategy Using Unabated Video. How To Be A Professional Gambler — Mentality. Jack Andrews. The Truth About Professional Gambling Since we are focusing on the mental game, we will step over the very necessary components of having a bankroll and more importantly, an edge.

What Does It Take To Be A Professional Gambler? Professional Sports Betting Is More Than Just Results For any Professional Gambler, and especially a sports bettor, it is natural to view wins and losses as a scoreboard as to how successful you are.

Long-Term v. Short-Term Results If you make the leap to being a Professional Gambler, you are a business. How to Handle Your Money Like A Professional Gambler To a Professional Gambler, money is everything.

How A Professional Gambler Uses Money as a Tool A skilled craftsman is only as good as the tools they use. Becoming Desensitized to Fluctuation You not only need to view your wager as just a fraction of your bankroll, but you also need to view the fluctuations in your bankroll as inevitable and natural events.

How A Professional Gambler Builds a Bankroll Your goal as a Professional Gambler should always be bankroll growth through successful bankroll management.

How A Professional Gambler Handles Losses As mentioned, a key component of the Professional Gambler mentality comes from your ability to the ups and downs of the job. It is Never a Material Loss A big trap bettors fall into is thinking about money lost in terms of opportunity cost to something they could have purchased with that money.

Keep Future EV in Mind Remember that gaining EV is your real goal in maximizing bankroll growth. Pause : Take a break for a day, a week, several weeks. However long it takes for you to no longer feel like you are cursed.

Adjust Your Stakes : Lowering your bet size is sub-optimal for bankroll growth, but it is better than raising your stakes to compensate for recent losses. Shift Your Focus : If recent losses are in your head, get them out of your head by focusing on something else.

Focus on a hobby, or focus on betting a different sport. How a Professional Gambler Handles Wins While less important than how you handle losses, the way you handle wins is still imperative. Assess Your Results The natural intuition is that when you are winning, you do not want to change a thing.

Buy More Bankroll As I mentioned before, but it is worth repeating, the best thing you can buy with your winnings is a bigger bankroll. Temper Expectations When it comes to their chosen profession some Professional Gamblers can fall into the trap of God Mode. Adjust Your Stakes As I mentioned, many players are afraid to change a thing when they are winning.

Key Takeaways Separate your mind from your money. View money as a tool to do your business. Become desensitized to fluctuation. Never view your wins or losses in terms of what you could have purchased. Assess your edge just as much when you are winning as when you are losing.

View your bankroll as an investment fund. The best thing you can buy with your winnings is a bigger bankroll. Learn From The Pros. Latest Articles. Learn The Basics Of Bottom-Up Betting, Or Originating.

The First Word on Problem Gambling and Sports Betting. Introducing Market-Based Prop Projections. College Betting Rules By State. Beyond CLV And ROI: Analyze Bet Results Using Expected ROI.

Win At Sports Betting In 1 Hour Per Day. There are some exceptions though, that often seem to slip people's attention. One being that there are professional gamblers whose break even point or win rate may differ.

Meaning you can have different win percentages worse or better and still win, or lose. You see, picking winners isn't anything to do with the teams that you bet on. It is everything to do with the odds that you get these teams at. For example, if two NFL teams are playing against each other next week, the sportsbooks will create a price for us to bet on them.

If one team is better than the other, the bookmaker will make them a favorite. Some professional gamblers tend to bet on games where the odds are a lot higher. At a average odds, in order to have an advantage over the casinos, you would need your winning percentages to stay above It also goes the other way!

Sports books are aware of every piece of data we mentioned above. In a large sample size, these break even win rates are all that matters. The outcome in the short term is almost irrelevant, so long as you are using proper bankroll management.

We cover all of this in more detail with our clients one on one as needed in our betting group on discord as well. You can sign up here and start winning with us today! He used his knowledge to turn gambling into monetary transactions.

From to he played poker as well as betting on sports. The actor often travels in Las Vegas, particularly at football seasons. As a fellow gambler, he understood these required success rates very well.

Many poker players are able to make a transition into sports betting somewhat seamlessly, as many of them already understand expected value. The result led to about 3o units of profit. We sent all of these picks to our clients in our discord. This means that our clients who got the same lines that we did, also profited 30 units.

At many points in the CFB year, our team had losing stretches. Which can hurt in the moment, especially for newer clients that haven't developed thick skin. Though, our team continued playing since we knew we had an edge over the house based off CLV.

Which resulted in a gain of 30 units as mentioned, only betting 1 unit per game on average. Sports betting is all about the long run.

Getting your bet in at the correct number, and the collecting your winnings down the road. So long as you have an edge and are placing enough bets, your expected profit will increase.

You can calculate your edge by looking at the value that you bet vs the value the line closed at. There's a common misconception amongst sports bettors that many people are profitable.

This is just not true at all, there are barely any real winners long term. Those who are actually profitable in sports betting don't exactly want to be known. In order for them to continue getting down more bets, they need to stay under the radar.

This is because every casino hates winners. Most people who sell betting advice are often selling it because they on their own are not profitable. Usually, people selling picks are one or two guys that just need to make a quick buck in order to fund their bets.

Here at Elitepickz, we do things much differently. These professionals are independent, and don't own any part of our company. They simply are just sending a few extra texts in a discord chat every day to our clients. It is important to know and acknowledge this.

When you see someone selling picks, make sure to do your research. Often times it is easy to tell that they aren't a pro, just based off the type of marketing they sell you with. Posting about their luxury lifestyle is usually the first red flag for us.

First off, know that you can't win every day. It's not possible unless you are using bots and betting at extremely high volume. A year allows you to account for the swings that occur in the industry. Winning in sports betting is just like anything in life. You have to understand it if you are going to make money from it.

The very first thing to learn as a sports bettor is that parlays are bad for your account in just about every case. For simplicity, we will avoid getting too advanced with this for now.

Opt to make a single bet instead. This leads to more profit in the long run, and more predictable win percentages. As a sharp sports bettor, we only bet where we have an edge. So do not go off the top of your head and assume that you can find success on your own.