A survey conducted by Whistle Wise finding 76% of sports bettors view gambling as a form of entrepreneurship (h/t Sports Handle) drew a collective gasp from the sports betting community, which knows the true percentage of people who make money betting on sports is nowhere near that.
Zack White, a professional bettor who specializes in NASCAR, laughed when told of the survey’s results.
“It’s not even close,” White said. “You’re talking 1%.”
It’s not impossible to win betting on sports, but it takes tremendous intelligence, hard work, discipline and capital. Proficiency in math and computer programming helps as well – necessary, in fact, some say.
“Everybody thinks they can do it,” White said. “There’s very few people that are able to do it year over year for the long term. It takes a lot of different aspects as a person – discipline, money management. You’ve gotta be well-bankrolled to start. Nobody’s gonna take $10,000 and turn it into enough money to live off of.
“These days, you (also) need computer programmers, you need inside information to create a well-rounded betting portfolio to win long term.”
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