Sports betting has often been the subject of controversy amongst political officials and the public at large. While there are a wide range of views on the subject, there is no debate as to whether or not there is the potential for small fortunes to be made in this lucrative profession.
With the Super Bowl having recently taken place, betting was at an all-time high, with billions of dollars worth of betting taking place all over the globe. While some people may chalk it all up to luck, Ted Sevranksy has quietly been making a healthy living placing strategic bets.
If you think that betting on a winning team for the Super Bowl is as simple as picking a team and hoping for the best, there’s much more to it than that. Much like the stock market, Sevranksy explains that there are trends to watch out for and that depending on the odds at any given point in time (all the way up until the very end of the game) there is always a “sweet spot” to enter a bet and gain the maximum advantage – and money – for your wager.
When asked about how he became a sports bettor, Sevranksy simply states, “Trial and error.” Sevranksy goes on to explain his number one tip for anyone contemplating making a run at a professional sports betting career.
One of the biggest lessons that he learned, and also that he would recommend anyone thinking about getting into the profession, would be to learn how to lose and lose well. He believes that if you’re unable to take a hit or even a small loss without getting upset and having it affect your judgment, this career is not for you.
If having a bad day and losing are inevitable, it makes sense that minimizing any spill-over that might negatively affect further betting decisions would be extremely important.
Sevranksy provides a sneak peek into his thought processes when it comes to optimizing his return on investment, explaining that it’s important to hold off on placing any real significant bets until the actual time of the game draws closer. This then creates the potential to get the “best of the number” with respect to proposition wagers, giving the bettor a significant advantage.