The Similar Principles of Sports Betting and Trading

This is a Guest Post by: Megan Frydel. This article is used here with permission from

A successful sports betting activity is not merely about walking into a bookmaker and wagering on a random sport. It involves building a strong attitude, investing in a strategy, and having a thorough knowledge. Before walking into any hazardous industry, for instance, gambling, one must become familiar with science and psychology behind it. Do not lure yourself into a belief that sports betting is any different. Bettors have to learn the sports betting tactics and how to bet, before jumping the ship and risking too much.


Sports betting can be fun and entertaining, but players have to be able to enjoy the side benefits of winning. Being patient and having the ability to wait for the results is what differentiates experienced punters from amateurs. The most successful players understand that a key to succeeding at betting is staying true to whatever strategy and system they have decided to use. They know that winning every single bet is impossible and losing is inevitable at some point. However, they stay consistent and do not abandon their initial plan and logic.


There are major betting principles, designed to guide players and help them to succeed in their chosen strategy. Especially, without putting too much money at risk.


  1. Choose the market and do the research. Everyone who succeeds in sports betting and manages to make money, chooses their market carefully. Bettors always advise to pick the sport you are interested in and you are truly passionate about. By narrowing down the market, players have greater chances of studying every player on every team. This can reduce the chances of possible gridlock between different sports. Some even go the extent of creating their own charts and comparing them with bookmakers. By becoming a specialist, they grow their confidence and it will reflect in making a conscious decision. Without exposing any weak links.
  2. Do not take sports betting just as a game. In order to consistently win, a bettor must observe and learn the basic steps. Sports betting is similar to gambling, it is a game of rewards and risks. Learning the correct strategy and having an educated background on the chosen sport, will prevent from placing blind bets and hoping for the best result. On the other hand, exercising the correct attitude and logic before betting, will give an edge and insight to what the others wager on.
  3. Bet with a realistic goal. Many sports bettors, especially at the beginning, dream of a big win and pocketing an ample amount of money. Those, who are seriously thinking about entering the world of sports betting, plan the amount they are willing to spend first. Setting a realistic goal of how much one can spend and how much one can win, will prevent from becoming greedy. After reaching a set goal, there is a freedom of unleashing the desire to play at higher stakes and going after bigger profits.


Wrapping up


Without a doubt, there is much more to sports betting than those three principles. Some go to the extent of mathematically analyzing the odds and trying to bypass them with what the majority is betting on. It is crucial to acquire a correct discipline, and attitude, to avoid further disappointments. Nobody has ever become a millionaire overnight from sports betting. Thus acknowledging one’s limitations, and trying not to get emotionally attached, allows prosperous punters to think with a clear mind and stay at the top of their game for longer.


If you want more information on sports betting principles, I recommend you to read our roundup post where 10 pro-punters share their lessons learnt from their sports betting journey so far.