Making Money On Sports Betting

Making Money from Sports Betting Affiliate Plans. February 4, 2021 sujaray. There is a new and explosive pattern in the planet of gambling and athletics. Making money from sports betting is something that everyone can spend time on. However, if we are to gain true benefits from these games, we must specialize in one discipline. Keep in mind that to bet on any sport, we must have some basic notions about it, to know the characteristics of the game and the possible betting options that we have. Sports betting is also a way for a fan to get in on the action of the game, with something more than self-respect at stake. All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage.

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

Making Money On Sports Betting Tips

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.

Making money on sports betting websites

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.

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

How does sports betting work

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.

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

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.

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!

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.

If you want to know how to make money sports betting, you’re probably already a sports fan.

I have bad news for you – most sports fans lose money sports betting.

That’s because they have biases and prejudices toward and against teams that wouldn’t exist if they weren’t fans.

In other words, it’s hard to make money sports betting unless you’re objective about the teams’ odds.

But if you’re a fan who can set aside these notions, you can probably win money sports betting.

This post introduces some ideas you need familiarize yourself with to pull off this feat:

You Must Understand Some Math to Make Money Sports Betting

To break even as a sports bettor, you need to win 52.4% of your bets.

To win money as a sports bettor, you need to win MORE than 52.4% of your bets.

Some people might be confused by that, thinking that if they win 50% of their bets, they should break even.

And anything above a 50% win ratio should result in profits, right?

Wrong.

While it’s true that most bets have a 50% probability of winning based on the point spread, the bookmakers make you wager $110 to win $100. (You’ll sometimes run into books which want you to risk $120 to win $100, and you’ll also find some that want you to risk $105 to win $100.)

If you’re losing half the time, but you’re losing more money than you’re winning the other half of the time, you’re going to lose money in the long run.

Imagine if you place 2 bets, winning one and losing the other.

You win $100 on the bet you won, but you lose $110 on the bet you lose, which leads to a net loss of $10.

And that’s just the beginning of the math you need to understand to make money sports betting.

More about Sports Betting Math

Let’s look at a more detailed example, just to give you a clearer idea of what I’m talking about when I say you need to understand the math behind sports betting.

You go to your favorite bookmaker’s website, or visit the book at your favorite online casino, and you see the following posted:

Buffalo Bills -3
New Orleans Saints +3

The team with the – sign next to it is the favorite. To determine the winner of that bet, you subtract 3 from their score before comparing it with the other team’s score.

The team with the + sign next to it is the dog. You get to add 3 to the team’s final score for determining which team wins.

In either case, when it’s not listed, you’re expected to wager $110 to win $100.

Those point spreads are also called the lines.

The book creates the line so that they don’t get an overwhelming loss when the favorite beats the dog. If there weren’t a line, everyone would bet the favorite and win most of the time.

The point spread creates a situation where you (theoretically) have a 50% probability of winning.

The lines are set by the handicappers working for the bookmaker. And for the most part, they’re good at their job.

The lines aren’t always right, though, and when they’re wrong, you can profit.

Making Money Online Sports Betting

How to Use Moving Lines to Track Sharp Action

A “sharp” is an educated, winning sports bettor. Sharps generally bet large enough amounts of money that bookmakers will adjust the point spreads (“lines”) to stimulate action on the other side. If you watch how the lines move, you can track the sharp action and make betting decisions based on what the sharps are doing.

One thing to look for is called “reverse line movement.” That’s just a fancy way of describing when the line moves away from the side with more money bet on it – the popular side.

That’s easy enough to do – find a line that moves from +7 to +6, for example, then look at how many people are betting that side of the match.

Now you know which side the book is trying to stimulate action for.

Combine this with shopping lines from one bookmaker to another, and you have a powerful tool for placing bets with a positive expectation.

Be a Contrarian

You can find plenty of websites that estimate what percentage of the action is on one side or the other of a sporting event. For example, you might find a football game where 70% of the public is betting on one side, and 30% of the public is betting on the other side.

If you bet with the 30% rather than with the 70%, you’re being a contrarian – you’re betting the other side of the event from what most people are.

The good news is that being a contrarian usually means betting the underdog. People generally prefer to bet on favorites than underdogs.

I like to root on underdogs, but as it turns out, betting on an underdog to cover results in a higher percentage of bets won than betting on the favorite.

It won’t result in a high enough percentage to make you profitable in the long run, though – you’ll still need to pick and choose.

But betting underdogs is a great starting point for a winning sports betting strategy.

Manage Your Bankroll Appropriately

You might have heard the expression “on any given Sunday.” This refers to the possibility of an upset in pro football – on any given Sunday, any team can win, regardless of what people might think.

This means that no matter how confident you are in your bets you still might lose.

And, in the short run, you might lose a higher percentage of bets than you expect.

What does this mean in terms of managing your bankroll?

It means that you shouldn’t have too much of your bankroll in action on any given bet.

For example, suppose you’ve found a bet that you’re confident has a 65% probability of being a winning bet. That’s a stellar percentage; if you won 65% of your bets in the long run, you’d be breathing rarefied air. You’d be the Warren Buffett of sports betting, in fact.

But if you have a bankroll of $10,000 and wager all of it on that one match, you have a 35% probability of losing your entire bankroll.

This means starting over and building a new bankroll, which takes time.

And when it comes to winning at sports betting, time is money.

You’ll see varying estimates of how much of your bankroll you should risk on any single bet.

Your tolerance for risk should determine your bet sizing, but 1% to 5% of your bankroll is a good guideline to follow.

Public Money Sports Betting

If you have a low tolerance for risk, bet 1% of your bankroll on each bet. With a $10,000 bankroll, this means limiting the size of an individual bet to $100.

If your tolerance for risk is high, bet up to 5% of your bankroll on each bet. With that $10,000 bankroll, you’d limit the size of your bets to $500.

You can adjust those bet sizes based on your confidence level in your picks.

If you’re sure about a bet, you might wager $200 or $300 (2% or 3%) on it even if you’re risk averse.

Limiting the size of your bets prevents a series of upsets or a run of bad luck from running you out of the hobby.

Don’t Buy Picks

Here’s the problem with buying sports picks:

The people selling these picks are usually no better at picking winners than you are.

Sports betting strategy

Companies that sell sports betting picks are called tout services. They have an interesting history.

I have a friend who worked for a tout service in Las Vegas back when they still used call centers and 900 numbers to sell their picks. He explained to me one of their strategies with their customers, which I’ll share with you below:

In a room full of touts over the phone, half the room would sell picks on one side of a game.

The other half would sell picks on the other side of the game.

This would result in half their customers winning each week, while half their customers would lose.

If any of the losers called to complain – and they often did – they’d give them a free pick on the Monday night football game.

And they’d follow the same strategy – give half the losers one side while giving the other half the other side.

Half their losers won their money back and became satisfied customers, buying more picks.

I also read a story in a book about gambling about a gentleman who started his own tout service via a 900 number, and he let his 5-year-old son make all his betting picks for him.

The kid got lucky and was right 60% of the time in his first season.

It was dumb luck, but if you’d used his service, you’d have showed a profit that season.

Making Money On Sports Betting

I saw a tout selling an entire season’s worth of picks for $3000.

What kind of winning percentage would you need to see to generate a positive ROI on that $3000?

That’s a sunk cost, so you’d need to win more than $3000 for that package to be a profitable deal.

Making Money On Sports Betting

You already need to win 52.4% of the time to break even, and you need to win 52.5% or more to be profitable.

If you make less than $3000 profit, you’re still losing money.

It’s hard to make money betting on sports when you have an upfront investment of $3000.

Conclusion

Yes, you can make money betting on sports. People do it every day.

Sports Betting Sites

But it takes a smart approach, preferably a contrarian one. You need to thoroughly understand the math and manage your bankroll appropriately.

Most importantly, you should avoid buying sports picks from experts who might not really even be experts.