Can You Make Money Sports Betting

Sports betting for a living is probably a dream job for many people. The number one reason people get into sports betting is to try and make money.

1. Can You Make Profit From Sports Betting
2. Nfl Betting Odds Money Lines
3. Can You Make Money Sports Betting Reddit
4. How To Make Money By Sports Betting
5. Sports Betting Winning Systems

You might get lucky early on in your betting career but in the long term it is extremely tough to make money from the sports betting markets.

I make my living gambling, but sports betting is just a fun hobby. I don't have the time or inclination to try to turn it into a consistent profit maker, although between recreational capping and knowing good cappers, I have been able to make money more years than not. A real money sports betting app is a version of a sportsbook designed especially for mobile use, which bettors can download onto their device. Since they are available on your cell phone, mobile betting apps can be used on the go, at home or anywhere you have an internet connection. Mar 03, 2021 We all need to go through a couple of stages to consistently make money on sports betting. Knowledge improvement plays a key role in the path to success. Because of that, we would like to share a couple of ways how you can ensure regular sports betting earnings. Nov 04, 2019 The casino Sportsbooks make their money on sports bets by collecting a commission on losing bets. This is called the Vigorish or Vig for short. The most common odds are 11 to 10. This means that if you want to win $100 you are risking $110. The way to make money betting without gambling is called matched betting. Matched betting is different from gambling, because you’re not playing to win. When you’re matched betting, it really doesn’t matter who wins the game. You will make money whatever the result.

How do you bet on sports successfully?

There are a few simple methods which actually do make money long term.

Which are also relatively easy to learn.

Make Money From Sports Betting

What Methods Should I Use?

First off let’s take a look at matched betting. Which has also been known as bonus abusing or bonus whoring in the past.

Matched betting is great and personally it has made a huge difference in my life.

I used profits from matched betting to pay for the deposit on my first house. To pay for holidays, gifts for my family, It’s given me a reliable source of income that I never expected.

Matched Betting

Matched betting is using bookmaker free bet offers combined with bettingexchangesto guarantee that a profit is made no matter the outcome of a sporting event.

The easiest way to explain this is with an example.

Lets take an offer I received from Betstars as an example.

The sign up offer is bet £50 at odds over 1.5 and get £20 free.

I open my Betstars account and look to make a bet of £50.

For this initial bet I am looking to find a close odds match between Betstars and the betting exchange that I use Matchbook.

I find a close match in odds in a game between Wolves and Norwich City.

The odds of Wolves to win with Betstars are 1.62, this is above 1.5 so it qualifies for this offer.

I place a bet of £50 to return £80.77 , which should Wolves win pays out winnings of £30.77.

Then I go over to Matchbook to place a lay bet.

A lay bet is when you effectively take on the role of a bookmaker. With this lay bet I am saying that should Wolves win I will pay out £32.03 however should Wolves fail to win then a profit of £49 would be made.

Lay bets are options only available with a betting exchange.

If you don’t have a betting exchange account.

My recommendation is Matchbook.

Lets look at the three possible outcomes of the game.

Wolves win – £30.77 is won with Betstars, £32.03 is lost with Matchbook

A total loss of -£1.26 is made.

Wolves draw or lose – £50.00 is lost with Betstars, £49.00 is won from Matchbook

A total loss of -£1.00 is made

The £20 free bet will be credited from Betstars no matter the outcome of the game.

Using a free bet

The Wolves vs Norwich match ended up being a draw.

£49.00 was won in Matchbook and £50.00 was lost in Betstars.

The £20 free bet was credited straight after the game.

Now we go through the same process as before and look for a close odds match between Betstars and Matchbook.

However due to this being a free bet I look at higher odds in order to make as much profit as possible from the free bet.

I find a close odds match between Betstars and Matchbook at high odds.

Atletico Madrid were taking on FC Copenhagen in the Europa League that night.

FC Copenhagen were priced 16.00 with Betstars and 17.00 with Matchbook.

So I placed my free bet by backing FC Copenhagen for £20 to win £300.

I placed my lay bet on Matchbook risking £280 to win £17.50

Lets look at the three possible outcomes for this game.

FC Kopenhagen win – £300 is won with Betstars, £280 is lost on Matchbook.

A total of £20 profit is made.

Atletico Madrid win or the match is a draw – £17.50 is won on Matchbook, £0.00 is lost on Betstars as it was a free bet.

A total profit of £17.50 is made.

Taking into account the initial £1.00 lost on the qualifying bet with Wolves and Norwich.

You can see I am guaranteed to make either £16.50 or £19.00 from this process.

Video Walk Through Of Matched Betting Offer

Where Can I Find Matched Betting Offers?

There are lots of these sign up offers where you can follow the same process.

New bookmakers appear quite frequently.

A quick google search for bookmaker sign up offers will bring up hundreds of results.

However my advice would be to join a matched betting service such as Oddsmonkey. They take out all the hard work and give you step by step instructions for each offer.

This will save you so much time in the long run and also should stop you making any errors which could cost you.

Oddsmonkey (read the review) is a company that has long been providing matched betting and arbitrage software for other companies.

They now however have their own dedicated service.

Offering an extremely in depth and content rich service that also offers arbitrage and value betting software.

It gives you all the tools that you need to succeed in matched betting.

How Much Money Can Be Made From Matched Betting?

It is possible to make a lot of money matched betting.

In my own personal experience I have been able to make over £10,000 a year.

If you utilize everything that is available to you then I believe this is achievable for most people.

There are other individuals I know that are making much more and are able to make this a full time income.

So we have taken a good look at making money from sports betting through matched betting.

Now lets take a look at another method which will enable you to make more long term profits.

Arbitrage Betting

An arbitrage bet is when you can cover all outcomes of an event and guarantee yourself a profit.

Personally I like to use arbitrage betting with bookmakers that either.

1. Don’t offer regular bonuses.

2. Have banned me from bonus offers but will still allow me to bet.

To show an example, my Paddypower account is limited.

This means that I am not able to receive promotions.

Paddypower though are a good bookmaker for arbitrage and I am still able to place bets with my account.

Arbitrage Example

In order to find arbitrage bets you really need to use software.

For this example I will use the Oddsmatcher software that comes with Oddsmonkey.

I find a good arbitrage bet with Paddypower and the betting exchange Smarkets.

(Which allows lay bets and functions like Matchbook)

Hibernian vs Celtic is showing as a 7.82% arbitrage bet.

So I log in to my Paddypower account and back Hibernian at odds of 9.0. Risking £40 to win £320.

I then go over to my Smarkets account and place a lay bet with the aim to win back the £40 I risked on Paddypower.

This works out at a potential loss of £287.87.

Ultimately this means that I am only risking the £0.80 (Smarkets charge 2% commission on my lay bet).

In order to win £32.13 (£320 – £287.87.)

Now this is my personal preference as I like to put my profits on to one outcome. This is because I find it much quicker and often the value side is with the soft bookmaker.

However you could average the profit out across all outcomes. So that you would make money no matter the the final outcome.

Using the Oddsmonkey calculator you can see that the profit would be £3.13 across all outcomes with a £40 stake.

Simple but effective

You might be thinking wow this is awesome. Free money for the rest of my life!

Unfortunately bookmakers will eventually limit your account to pennies if you are arbing. Even in some cases close your account.

However sometimes this can take years. Given that bookmakers only want losing players then it makes sense to hammer them for as much profit as possible. Before those limitations come.

Interested in learning more about arbitrage betting?

If you want to make low risk profits from the world of sports betting. Matched betting is a great way to start and arbitrage is an excellent method to keep the profits coming.

These are two simple low risk methods that will allow you to potentially make tens of thousands of pounds profit from the sports betting markets.

Click Below To Get A Free Trial With Oddsmonkey.

Additional Reading

How to make money with sports betting?

The first step is to copy bets from professional tipsters; this usually means less risk and more significant return. The second step is to understand the concept of value; this means you have to be critical. Reading tips: We just made a guide on how to make money as a betting affiliate.

Strategies for making money on sports

Do you want your betting bank to grow without increasing your risk and budget? Then make sure you follow these tips regarding make money sports betting.
Betting websites with authority and a good strategy will help you reach your goal. This is the only money making guide for betting you will need.

If you want to make a whole-hearted attempt to make money sports betting, you should consider that you will need a proper and well-thought-out strategy for how to play and go about it.

Making money sports betting is difficult, but it’s not impossible

Many of these people who manage to use their own “winning strategy” are rarely able to make money sports betting, and there are very few people out there that can lead to gamble and keep it as a full-time job.

When creating your sports betting strategy, it is essential to do the math first. How much to bet every month? How large are the units? To be able to make money out of sports betting, you need to think of it as an investment.

Furthermore, you always have to review every bet you do. I know, it’s annoying to write down losses, but it is a must if you want to keep track of whether you make a profit or loss – during your betting.

If you want to make money sports betting

After all, you are still a human being.

But if you get a winning strategy and stick to it – it is possible to make money sports betting. This our guide on how you can make that happen.

There are lots of different ways to copy bets from professional tipsters. Either you can pay for these tips – or not. Many people do not want to spend money on “betting tips” since there is a risk. Of course.

But there are good free alternatives. For example, you should check our Tipstrr review and Betting Gods review

Both of these platforms send “inform” tips to your inbox.

The downside is that you get the tips a few hours after they are published, which means you may not get the same odds as they report.

It’s a great way to “feel” what it’s like to copy bets from professional tipsters. Also, both Tipstrr and Betting gods offer a variety of tipsters. Both free and paid services.

Therefore, we rank this as the absolute best way to make money from sports betting.

2. Understand the concept of value

You have to be critical.

If you are not, then sports betting is not for you. Sure, you can be sure that a favourite of odds 1.25 will win, but is there any value in the game itself?

Lots of times, we’ve heard punters say, “There’s no risk of losing this game.” – Absolutely – these tips are clear favourites, but is the probability that they win better than the odds offered?

Value when it comes to sports betting is a simple concept, but most people who are betting don’t have much control over it.

The gambling market is primarily based on these “naive” players who have a far too skewed view of different odds – you need to read and do your homework.

Only then, you can exploit this fact and recognise the value for real.

3. finding teams that others do not believe in

Betting is sometimes “better,” the worse it looks on the paper. Maybe this sounds a bit strange, but the less the public and attention a team gets – the more value.

Especially a team that has done well for a long time, but for some reason, had a slight dip in the last 4-5 games.

If everyone skips bets because the match does not seem exciting or the team in question has been bad – then the odds can be in our favour and once again, a value has appeared, and you will make money betting on them.

4. Make money sports betting

Some players may be able to achieve success in the short term through betting based on emotion and instinct but to succeed in the long run; you need to be more analytical and familiar with different names and, for example, if the odds reflect the probability, etc.

4.1 Can you do this?

Betting is a game of numbers – and you should have reasonably good control of the counting methods.

However, this can be tricky. If you are serious about your betting, you might want to try Betegy.

Betegy uses analysing models, just as Bookmakers. And the development and regression of a football team will be analyzed and the result is often reliable. Betegy aims to give sophisticated and well-analysed betting tips.

It means that Betegy can say where to spend the money for the greatest success. Betegy predicts the results of football matches with an 80% chance of success.

Betegy uses an algorithm developed by sports lovers for sports lovers. Their efforts to offer highly successful product bettors have proven to be more profitable than others.

5. Learn how bookmakers decide odds

It depends on the popularity of the match/event. Still, in general, the bookie’s odds will be a reflection of how the public is expected to play – rather than the actual probabilities. My personal favourite is BetBallers.

Of course, it’s not that simple, but in general, bookmakers will set their odds to attract bets on either side of the odds to balance their credibility (and increase their commission).

It gives smart players little room to find value – where the public’s opinion is simply wrong.

It also means that you can find odds at massive events where many play for the interest.

It could be, for example, the racing tips. As the public on average has an inferior track of the horses, the odds are favourable for us as we are gamblers with more control of the situation.

Choose a good bookmaker, read our full list over the best betting sites.

6. You can’t change the past

Don’t get angry because of a lost bet. If you have faith in what you do, then you just proceed with your plan, just like anyone who fancy poker – you can’t win every hand.

It is also important not to get bogged down in any false security after a few wins in a row. Be harmonious, passionate and smart.

We are all different, and if you know that you have trouble keeping your emotions in control, then you have to start with yoga or something else that can calm your mind.

Can You Make Profit From Sports Betting

Otherwise, you will not make money sports betting.

7. Watch out for combination games

Combination games, jackpots and other lures from the bookmakers and betting companies are usually not a good idea if you want to make money in the long run. But if you are placing your bets with “matched betting,” it might be.

You have to decide what is worth playing and not.

The regular player usually adds an extra match to find slightly higher odds. Still, these guys don’t think that it is significantly much more challenging to manage to dot correctly and usually forget about the times an excellent combination game did not sit – which is a lot of times.

8. Long-term Think

To make money sports betting is often just a dream. It would be fantastic if you got rich overnight. However, the probability of that is almost equal to zero, of course.

Nfl Betting Odds Money Lines

Thinking long term and building an expert mind is how you should do it. You may feel a month is good enough, but you need to post a full calendar year at least to make assessments.

The bets you gamble can also increase gradually, and who knows you may even live on the betting, but you need a stable mind and careful planning if you are planning to make money sports betting.

9. Reasonable bets

Can You Make Money Sports Betting Reddit

If you want to make money sports betting, you must start with a betting bank that can take some hits.

Many people fall into the trap and bet too big. If you do your homework and instead place around 2,500 bets a year with a lower return, let’s say 4%, you would quickly calculate a net profit of 40’000. That’s 30,000 more than the previous example.

10. Don’t need to “make it interesting.”

We’ve heard it plenty of times: “Sometimes I just play because I think it’s fun!” It is undoubtedly useful and healthy, but if you want to be a successful tipper and make money sports betting, then it is something you shouldn’t do.

Here you can read more about our Best Horse Racing Tipsters. Ranked and listed.

How To Make Money By Sports Betting

If you want to test a free alternative we can really recommend you to try Tipstrr’s Free Daily Tips. They are currently ranked #1 over best horse racing tipsters. Furthermore, they smash their competitors, even though the service is completely free. Claim your free racing tips today!

Sports Betting Winning Systems

If you are interested in learning how to create your own strategies on how to make money sports betting, we can offer such guides as well.

• The most visited review this month is our Zcode System Review.