Wagering on sports is not always about passion, risk, and entertainment, right? Betting is also about money. Many modern bettors wish to earn big money on betting and become one of the richest men alive by simply placing bets on sports.
There are multiple websites, like https://bet-guide.ke/how-to-login-in-bet365-in-kenya/, for example, that provide useful advice and recommendations to newbies. However, this often results in years of practice, learning, and losing lots of cash to make even more in the future. But is it really possible to win a fortune on sports wagering? And are there really bettors out there who have become incredibly rich? We will answer all your questions and analyze whether it is really possible to make a living from sports betting.
Real Legends
Before beginning our investigation, we thought that it would be cool to have a look at those bettors that have made their dream a reality—those players that are envied by thousands of other gamblers wishing to become like them. There are really some big names in the sports wagering industry that have made a fortune just by placing bets on sports, and that’s not a joke. The sums they won appear unrealistic because the rewards are so large that it is certainly possible to provide oneself with a comfortable lifetime. Let’s take a look at the most well-known bettors who have achieved their dreams.
- Billy Walters: Billy has won a $3.5 million bet, which is surely impressive. This win dates back to 2010 when the New Orleans Saints were playing against the Indianapolis Colts at Super Bowl XLIV. Billy used all of his skills to perform that bet; before participating in betting, he had years of practice, including poker games. This betting outcome is one of the most important in history.
- Fred Craggs: This one is really unbelievable. Fred placed a bet of only £0.50 and won the incredible amount of £1 million! Fred is a 60-year-old salesman who regularly participates in betting by placing small sums. This time, he went for an eight-fold accumulator and bet on horse races all around the globe. He then obtained one of the biggest wins in return.
- James Adducci: James chose to bet $85,000 on an absolutely random selection. He decided to place his money on a golfer with no winning history and won $1.2 million. This sounds like something unimaginable, but he was sure of his choice, and that confidence definitely had an impact on the win.
- Mike Futter: What an interesting case! Mike did one of the most amazing things in sports betting, for sure. He placed a bet on his own horse! So much confidence, wow. This bet made Mike win £400,000, not to mention that he was always rewarded for being the horse’s owner with £348,000.
As you can see, there are plenty of bettors who took the chance and didn’t miss. They are real people, some more experienced than others, who have made a fortune on online wagering. It sounds like a dream, right? But life is not always about making dreams come true, and sometimes it takes a long road full of deceptions and errors to win a great sum.
Pros and Cons
The desire to become rich by simply taking part in gambling activities is absolutely natural, but betting on sports is not always an easy road. Many bettors get trapped in a cycle of addictive behavior and can’t stop before losing all their funds. However, some bettors can not suspend their activity even without having any money left. On the other hand, sometimes it’s just a question of chance and taking the right risk at the right moment. Let’s take a look at the pros and cons of becoming rich by betting on sports online and making it a unique source of income.
| Pros | Cons |
| Possibility of winning an enormous sum. | Always depending on sports betting. |
| No need for a boring full-time job. | Risky and dangerous. |
| Always feeling adventurous. | No stability. |
| Funny way to earn money. | Your life depends on the chance you take. |
| This can lead to addictions. | |
| No precise budget or salary. |
Making betting on sports your main income could lead to dangerous circumstances since this type of activity was not conceived to replace a real job and a stable salary. Gambling activities are just games that consist of playing with money, but that doesn’t necessarily mean that they should replace a proper career.
Making a sports betting career is incredibly cool, but beware of not mixing your source of income with it. We recommend actively participating in sports wagering only with a popper budget and a job on the side.
How Do I Win a Lot?
That’s probably the question that most sports bettors ask, and surely it’s the one that is the most complicated to answer. Let’s start from the beginning; sports betting is not an activity of luck or chance as much as casino gambling, for example, or other gambling games. It is mainly based on strategy, logic, tactics, numbers, and predictions. This type of activity is risky, but it may be practiced in a less risky way if the bettor takes the time to learn and study the subject. This leads us to the following conclusion; betting is risky, but if practiced by a pro, it may be easily controlled, which means that by spending enough time working on strategies and mastering your skills, you will be able at one point or another to win a great sum of cash. In order to facilitate the process, we have developed a short guide for you.
- Always control your budget: This is one of the simplest things to think of when beginning to bet on sports online. It is not possible to have great certainty in what you are doing without control and without managing your finances. If you stop disciplining yourself and lose track of your budget transformations, it could lead to very unpleasant consequences, like losing all your funds without noticing.
- Don’t rush: Take your time; don’t try to do everything at once. Money won’t come your way if you keep rushing and running towards unbelievable goals. Start slowly and serenely, analyze your choices, and spend some time thinking about them before confirming your selections. Take some time to examine how other bettors play and maybe take a look at their tactics; you may discover some new interesting ways of wagering.
- Learn: In an activity like sports betting, learning is the key. Without appropriate knowledge, you won’t be able to properly pick the right selections and make the right choices. You will probably always place bets on random or risky options and put your budget in jeopardy, which is why, in order to bet correctly, it is necessary to study the whole sports wagering world primarily and then move on to the practical part of it. Examine the teams you bet on. You may always discover something interesting that attracts the eye. After familiarizing yourself with the ways the teams play, the choices they make, and their main tactics, you will be able to use your knowledge to place profitable bets.
- Spend time with experts: Spending some time with betting pros and discussing betting strategies together is a good plan to improve your skills and get more comfortable in the betting industry. You may find betting pros online, on various websites such as on forums or personal blogs, and share with them your tactics, exchange knowledge, and discuss sports wagering in general.
We noticed that multiple experts tend to share their personal experiences in the sports betting industry on their social media profiles or on their personal blogs. There is also a lot of video content out there, designed by real people winning real money and sharing their betting strategies with the world.
Is It Really Possible to Live Off of Sports Betting?
Winning so much money that you don’t have to worry about anything again and never go to a basic, boring job? It sounds good, but it’s not real enough. Sports betting is just an activity, after all, and not the big type of activity that will make you a billionaire for sure. Yes, it is possible to win a great sum of money by wagering on sports, a sum that will fascinate you and hugely transform your life. But it is important to remember that these types of winnings are not regular; it is just a game that can’t provide you with endless cash. There will be moments in which you will fall behind, lose your temper, and lose your cash, and others will be amazing with lots of winnings and prizes. But that’s the price you pay for betting on sports; it’s not stable, and it can’t guarantee any kind of balanced and lasting source of income. This is why we recommend always managing your budget, keeping in mind that betting is just a game, and never making it your main income on purpose. Hopefully, this article helped you to see clearly through this subject and offered you the necessary knowledge you lacked.
