You may have heard about books that are tailored to looking into the lives of successful people to see things that they do that help them achieve the level they are at. These books can apply to specific people such as Bill Gates or Warren Buffett. Some are more general, such as “Seven habits of highly effective people” or tips from high performing sales individuals.
Does the same apply to highly successful sports bettors? We think so. After hearing from some long time bettors and gathering information, here are the common traits that some of the most successful bettors have in common.
Patience: knowing when to lay off a bet and when to make one takes years to understand. The best bettors know that there are always more bets later in the day, or tomorrow, or next week.
Discipline: the entire premise of growing your bankroll is founded on this principle. Being consistent with betting size and not chasing losses will help you be successful over the long run.
Statistics: understanding probability, and being able to calculate it quickly, will pay huge dividends in this business. Some use computer programs, some use spreadsheets, but the best sports bettors can do a lot of these calculations in their head. Understanding the math behind the odds will help you in the long run.
Reading comprehension: being able to decipher large amounts of information in short amounts of time will be a huge asset. Equally as important is knowing what information is to be disregarded. There are several ways to get this information, whether from mainstream media or beat writers. Knowing what information to use and what not to use, and the speed at which you do it, will add substantial value to your bankroll over time.
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