Sports betting can be a very lucrative hobby and even a well-paid profession if you treat it as an investment. The problem is that the large majority of all sports bettors are too unorganized and place their wagers without any clear structure or set goals. First of all, before even your first bet, you should evaluate your current situation and determine an action plan. Look at it like building a house. If you start by setting up walls, ceilings, floors and stairs, etc., without taking into account the foundation the house is built on, you will end up coming home to a huge wreck someday. The same goes for sports betting.