Advice for professional gamblers, build a strong network. If it’s done properly, sharing support mechanisms is a good thing!
At some stage, arbers, value-bettors, and pro gamblers will encounter problems. In this tutorial, we are going to discuss why it is important to build a strong network.
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ADVICE FOR PROFESSIONAL GAMBLERS
Let us be realistic, if you are new in business you won’t get a place at the table with Jeff Bezos! It’s the same in betting, elite professional gamblers won’t carry a novice.
Nevertheless, we all started somewhere, and the barriers to entry are often set by yourself.
Take it from me, a strong network is worth its weight in gold! On the journey to becoming a professional gambler, you will need to find and leverage opportunities. And, that is easier with people on your side!
Are you ready to step up the ante and become a bigger success?
REASON TO NETWORK – ADVICE FOR PROFESSIONAL GAMBLERS
The first thing we need to discuss is the reasons why you need to network. We have broken this down into 8 categories:
Understanding/ Educational:
Networking should be educational. I think you will agree, we can all learn from others. Entrepreneurs are out to find a solution, and it’s the same with professional gamblers. As the saying goes, the more you learn the more you earn!
Get money down:
One of the biggest challenges for professional gamblers is getting money down. As you should know, bookmakers don’t like winners, and you will need to find solutions. Having a dependable network can help you circumvent this problem.
Seek betting outlets:
Everyone knows bookmakers who advertise through the media. Did you know, gaming companies such as 10bet have many white labels? Also, while Oddsportal has 60 bookmakers listed, Betradar supplies data to 900. On top of that, you can get money down at betting shops, Asian bookmakers, and agents.
Legalise:
In the UK we don’t pay income tax on winnings, in other countries you will. Similarly, it is important to make sure you have everything documented, and think about how you can get money into the system. At some stage, banks will ask questions, and you want to have the answers. Consequently, do not underestimate the need to do things right!
Efficiency:
My advice for professional gamblers is centred around streamlining and efficiency. Accordingly, it is impossible to do everything yourself, thus it is important to get people on your side. Building a well-balanced team of like-minded people will help with efficiency, which in turn equals success.
Cost-sharing:
The tools and weapons needed for professional gamblers are costly. In fact, some of the bigger betting syndicates will burn through half a million $ per month in third-party services. Suffice to say, cost-sharing gives more financial leverage. Rather than make do with 3rd rate tips, poor tools, and bad technology, network to the next level!
Information resources:
You might have heard the saying, a jack of all trades is a master of none. In short, spreading yourself thin creates vulnerability! Imagine having a bunch of betting experts covering different sports, sharing the costs is more efficient. To maximise potential, you need help!
Go global:
It doesn’t matter where you are stuck in the world if you have the right network. If it’s easier to bet in Australia, that’s what you should be doing. If you need Asian betting accounts, it’s wise to network with people who can provide such accounts. From my experience, Malta, Italy, Austria, Georgia, Australia, and New Zealand are ideal for legal purposes. Whereas, UK and Ireland are great for structuring and head office!
NETWORKING NICHE – ADVICE FOR PROFESSIONAL GAMBLERS
Think it through, what have you got to offer in terms of strengths and weaknesses? Also, what are you wanting from your partners/network? Figure out your niche, it could be one of the following:
Betting expert:
Someone who can find profitable bets. Are you the one doing the analysing, or is it something you need from your network? At the end of the day, it is about who is supplying the advanced betting knowledge.
Sports modelling:
Can you perform the analytics, maths, or algorithms? Most gaming companies use Sports modelling to price markets, and betting syndicates do the same to find an advantage. As your business grows, scaling becomes the biggest challenge. To be really successful, this is something to confront.
Banking/Money issues:
Do not underestimate banking. This is an area in which I have consulted major gaming companies and big-time syndicates. Let me tell you, moving money around is a big task. Having people who understand the banking system is a must. PS. Bank accounts get closed all the time, make sure you are not a victim!
Management:
Are you the person who is going to take charge and run the operation? Putting it together and guaranteeing a smooth operation is a must. Someone needs to take this responsibility and delegate it to the team/network.
Technologist:
Finding a good technologist is key. Importing software and tools is a good starting point. However, at some point, having everything in-house is the main prize. Building systems to crawl and scrape bookmaker websites will identify value. Putting projects together and sharpening the operation brings success.
Bet placement:
I can tell you, I haven’t placed a bet in years. Others are better at it, and this skill shouldn’t be underestimated. In betting, every pip counts, so getting someone to take responsibility is a bonus. Furthermore, it’s not just about getting optimum odds, this person needs to be on top of the financials.
Master Planner:
My advice for professional gamblers is to make a plan and continually seek solutions. Keeping on top of the situation is a must because we always need to be learning.
Researcher
Finally, professional gamblers need information. Finding out team news is one aspect while searching for a bookmaker’s reputation is another. In fact, the research could include finding suitable tools, and services. Due diligence into prospective employees and partners are other things that come to mind.
IMPORTANT NETWORKING TIPS – ADVICE FOR PROFESSIONAL GAMBLERS
Give back:
This is where a lot of people go wrong, networking is not all about you! When someone hits me after connecting until proven different that person is phishing. Unfortunately, people are always wanting, but they forget to pay it forward. Start every conversation with what can I do for you!
Follow-through:
I’m convinced that 99.5% of people are useless at following through. Ask yourself, why do people answer an e-mail a week later? Is it a power play or a bad organisation! I get this all the time from cold callers, and people asking for coaching. If you can’t follow through, don’t expect to be successful.
Quality is better than quantity:
My advice is, don’t accept lazy people into your network. Those who don’t follow should go away and annoy someone else. When you are networking, make sure it’s with people on the same wavelength. Look for quality rather than quantity. 1000 bad connections are worth nothing, while 10 good connections could be a dream team. As a rule, find like-minded people who deliver.
Build trust:
Deliver on promises, and make sure you are not the loose cog on the wheel. You can only control what you control. Moreover, if you can’t do that get a day job. Also, remove anyone who is not pulling their weight.
Bring others together:
Following years of hard work, my network is in place. Nevertheless, it doesn’t cost me anything to listen to or put others together. When I take someone for the 1-2-1 coaching, I’m keen to get them connected with like-minded people.
HOW TO GROW NETWORK– ADVICE FOR PROFESSIONAL GAMBLERS
Look around you:
The people you can trust are well known to you. Look around at everyone you dealt with over the years because a bond is established. While I’m not saying you should partner up with the wife or brother, consider ex-colleagues with a similar outlook.
Use social media:
If you are an outgoing person, building a presence on social media is the way forward. The cost to get started is zero, and discussing advice for professional gamblers will get the message out! While I’m no expert on social media, the likes of Twitter, LinkedIn, Reddit, and Facebook will get you started.
Build a betting blog:
Do not operate a betting website is my advice. The reason, they are time-consuming, costly, and abused by others. A simple betting blog should suffice, and don’t dress it up. If done right, connection benefits will be a due reward.
Post about pro betting in forums:
The quickest way to get noticed is in betting forums. It’s an easy way to make a name without cost or commitment. While 90% of the visitors will be trolls or people who don’t have a clue, the others will be interested. If you get one new connection for every 1000 views, it’s a result.
Word of mouth:
Get others spreading the message. You scratch my back, and I’ll scratch yours is the motto. In places such as Malta, everyone knows everyone, meaning it is easy to get something done. Use the same mentality to grow a strong network.
Pay it forwards:
When you pay it forwards, reasonable people feel like they owe you a favour. Moreover, being the giver makes people trust in you, and that in turn creates loyalty. In short, having a positive attitude brings a positive return.
SUMMARY
In conclusion, you can pay for betting information, resources, tools, employees, etc. However, networking is the personal touch. Think it through, and know that you will need people on your side to succeed.
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