Blueprint for Professional Sports Betting

Sep 5, 2024

Lecture Notes: How to Become a Professional Sports Bettor

Introduction

  • Speaker: Frank from Lionmaker Sports
  • Topic: Transitioning from a 9-to-5 job to a career in sports betting
  • Objective: Provide a blueprint to help individuals become professional sports bettors.

Key Points

Understanding Income Goals

  • Average Median Income in the US:
    • $61,000 per year
    • $5,000 per month
    • $166 per day
  • Goal: Match or exceed this income through sports betting.

Setting Betting Goals

  • Units Target: Aim for 10 units per month to replace a $5,000 monthly income.
  • Unit Size:
    • To reach $5,000, unit size should be $500.

Required Bankroll

  • Bankroll Levels:
    • Low-Risk: $50,000 (betting 1% per unit)
    • Mid-Risk: $25,000 (betting 2% per unit)
    • High-Risk: $16,600 (betting 3% per unit)
  • Note: Never bet more than 3% of the bankroll in one bet.

Sportsbooks Management

  • Recommended to Use: At least 5 different sportsbooks.
  • Types of Sportsbooks:
    • Legal American sportsbooks (DraftKings, FanDuel, etc.).
    • Avoid offshore books due to poor odds and risk of account limitations.
  • Tips:
    • Split bets across multiple sportsbooks to avoid limitations.
    • Keep individual bet sizes under $500 to fly under the radar.

Finding the Right Bets

  • Limit Plays:
    • Look for games with significant odds movement.
    • Ignore games with little to no movement.
  • Odds Considerations:
    • Odds below -200 to -250 can be considered.
    • Manipulate lines to increase winning chances.

Additional Strategies

  • Importance of Trends:
    • Analyze team trends and historical matchups.
  • Monitoring Bets and Money:
    • Track betting volumes and money flow on specific games.

Odds and Value

  • Odds Misconception:
    • Not necessary to stick to -110 odds.
    • Odds should reflect true win probability, not just the bookies' offer.
  • Manipulating Odds:
    • Change lines for better value.
    • Educate yourself on how sportsbooks operate.

Misconceptions & Advice

  • Avoid Parlays:
    • Focus on straight bets.
  • Dealing with Bad Beats:
    • Understand they are part of both wins and losses.

Closing Thoughts

  • Patience and Persistence:
    • Building up to a professional level takes time, especially with smaller bankrolls.
  • Further Learning:
    • Consider coaching for personalized guidance.

Q&A Highlights

  • Importance of bankroll management and patience.
  • Understanding sports line movements.
  • Avoiding emotional betting and chasing losses.
  • Conclusion: Becoming a professional sports bettor is challenging but achievable with the right strategies and discipline. Frank emphasizes starting with a strong foundation and gradually building expertise.