Can sports betting be a career?
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Last Updated: Jun 24, 2024
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Fact Checked By:
Hunter Hewitt
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
While only a small percentage of sports bettors are profitable in the long run, it's possible to become one of those individuals. First, you need to follow the basics.
Set a bankroll
Study
Shop Odds
Don't trust others
Grow Your Bankroll
If you can turn a profit after a certain amount of time, the next step is to gradually grow your bankroll with multiple sports betting apps and sites.
If you continue to have success betting on sports, it's not going to be a one bet and you're done kind of thing. It's important to abide by the unit rule and limit wagers from one to five units per bet. Just because you really like one matchup doesn't mean you should put all of your money into it. Successful bettors steadily grow their bankrolls and don't fall into the trap of becoming overconfident.
It's not easy, but it's possible
While you can become a full-time sports bettor, getting "rich" is another story and one that's unlikely to happen no matter how successful you become. To turn a positive, you have to hit more than 52.4% of your bets, though that depends on what kind of odds you're getting.
It may be possible to hit more than 60% for a season, but doing that consistently, year-after-year, is another question. No matter how good a bettor is, they will likely hit a cold streak at some point in their lives, which takes a chunk out of their bankroll, which is why it's important to limit your action on every bet.
Read More Sports Betting Q&As
Yes. Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
Sports betting is legal in Ohio, and takes bets as of January 1, 2023.
Yes, sports betting is legal in Maryland. It launched on November 23, 2022.
Yes, sports betting is live in Massachusetts.
Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.
Yes. Colorado legalized in-person and mobile sports betting in November 2019.
Yes. Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Sports betting is legal and regulated in Arizona as of football season in 2021.
Yes. New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision.
Yes, FanDuel pays out real money. Whether you use the DFS portion of the website, sportsbook, or online casino, you will be paid out in real money.
Yes. Illinois passed sports betting legislature in 2019 and launched at legal sportsbooks in March 2020.
Bonus bets in sports betting are often connected to deposits and are also referred to as bonuses.
Yes, sports betting is legal in the state of Ohio.
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds.
FanDuel Sportsbook is legal in 22 states. These states are AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY.
Sports betting payouts depend on which type of odds are being used.
If you've never bet before, there are surely a lot of words and phrases you've never heard before and even if you have bet before, you may not know...
A hedge is a method to reduce risk and secure winnings for a specified bet.
Odds can refer to moneyline, spread or total bets, and they can be displayed as American, British (fractional) or European (decimal).
Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams.
The BetMGM bonus code is ROTOBONUS giving new customers a $1500 first bet offer. Copy and paste the code upon registration to redeem.
While 21 is the more common age limit, there are states in which you can bet on sports if you are at least 18 years old.
A unit in sports betting is a measurement of the size of a given bet.
The FanDuel promo code link gives new users a terrific welcome offer. Sign up with the link on this page to get your bonus, now.
DraftKings is legal for sports betting via the DraftKings Sportsbook mobile app, website or retail location in close to 20 U.S. states and 44 for DFS.
