Joachim Marnitz is a professional bettor who earns a living with sports betting. How does he do it?
Marnitz studied sociology with a focus on empirical social research and on statistics. Ironically, his study is what exactly forms the basis for professional sports betting.
Serious Analysis of Data Sets
Marnitz, in his interview with Blog Trifft Ball, said that before he makes a bet, he makes a serious analysis of data sets including the movement of odds for both teams (odds history) in the past and the present condition of the game and its players. For example, whether certain players are suspended or injured.
A professional bettor, at some point, develops his own methods and refines them. Of course, not everything is as easy as it sounds, there’s hardship too, which you only feel when things are not going as well. The main thing is that professional bettors look at sports betting as a mathematical challenge much like how successful poker players do their thing. Luck and bad luck only play an important role in a short time. In the long run, it’s the ability to decide.
How long is a single bet and how are odds analyzed?
Odd movements are viewed automatically with a program that records the odds at various bookmakers. For individual bets, Marnitz uses his own analysis and look at the current betting odds. Expected price developments also play an important role. There are instances when rates continue to rise and therefore, bets are placed only until kick-off. In other cases, there’s a need to strike as quickly as possible. The actual analysis of an individual bet does not take that long. However, a lot of work has gone into developing the underlying model.
Foundation of Betting Decisions
Betting decisions are based on a number of variables and the betting odds. The art of betting is to put the two in a meaningful relationship. In other words, the bettor should be able to convert variables into probabilities and be closer to the truth with this assessment than the market is.
Pro Advice for Beginners
Bring a lot of patience and first test each idea on paper or only with very small stakes. If you don’t know a mathematical advantage on your side, you’d better not bet. The best recommendation is to immerse yourself in betting theory because this is the key to successful sports betting. Knowing about the sport in question is far less important than you think. Regardless of your betting choice, even if you choose to bet on satta gali, professionals in the betting industry will tell you that good analysis and patience is the key to winning.