There is very good money to be made if you're willing to devote yourself to the success of your business, whether you specialize in one sport picks or work several.
If you're passionate about sports and are thinking about starting a business of your own then the sports handicapping business is definitely one to consider. It has several advantages compared to a lot of other businesses. Here are just few of them?
1. The earning potential for competent handicappers is excellent, to say the least. While there are no guarantees in this or any other business, it is not uncommon for paid, professional handicappers to make five-figure annual, or seasonal, incomes. Of course, the more successful ones can certainly make six or even seven-figure incomes.
2. You'll find that the typical start up costs involved in the handicapping business are relatively low compared to most other businesses. It really doesn't require a large cash investment to get up and running in this business. After all, your product is nothing more than your opinion on sporting events. A pretty simple business model, really. There's no inventory to buy and nothing to manufacture. Your opinion is your product and your service, period.
3. One of the really nice things about the handicapping trade is that you can choose which sports and seasons you want to work. You may want to specialize in NCAAB Picks, for example, and then take the rest of the year off. Of course, there's always the option of working full time throughout the year analyzing several sports. It's totally up to your discretion or wish.
4. Thanks to the great advances in technology over the last several years the handicapper can pretty much work wherever he wants. Armed with nothing more than a laptop computer or wireless internet access can operate your business from just about anywhere. Want to work at home? No problem. Sit by the pool if you like. Or, you might even want to turn your favorite sports picks into your office once in a while. Why not? The technology is definitely there to make it possible.
5. You will find professional handicappers living in just about every region of the world. The state or town you operate out of is really pretty insignificant in the grand scheme of things and only your skill matters.