Making Money Through Betting
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- How I Make Money From Sports Betting. Using These Two Simple Methods.★ ★ Learn Matched Betting★ ★★ LEARN ABOUT THE METHODS THAT.
- How to make money betting online. 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.
Whether it is possible to earn money from gambling and make a living from betting are questions which seem to bother many punters.
To give the short answer…
Yes, it is absolutely possible to make money with sports betting.
Bookmakers make money; sports analysts make a living from gambling by compiling odds for bookies; some of my own income derives from sports bettors using this website. Programmers earn a living from gambling by developing various betting applications. Manufacturers of gaming machines make money from people’s gambling habits.
I could certainly continue this list as the betting business is a big industry providing many, many people with jobs.
But this is probably not a satisfactory response for sports fans who bet themselves and pursue the dream of supplementing their income, or becoming rich from gambling one day.
However, for these hopeful punters, the answer is also clearly positive…
- Yes: it is possible to develop long-term profitable betting strategies.
- Yes: it is possible to find betting odds which hold value and provide a mathematical edge.
Nothing is Impossible!
The big question is whether you will manage to join the minority, the tiny crowd of betting enthusiasts who finally become successful.
Another question is whether you have the patience (and time) for acquiring the necessary knowledge to win more than you lose, because only knowledge is power; without knowledge there is no chance.
Reliance on luck is not a foundation for lasting success. With luck alone nobody can build a house – only a handful of lottery millionaires can claim the opposite.
Successful Sports Bettors – Examples
In September 2005, in “Expert Betting Advice” forum, a young woman named Maria Santonix started publishing horse racing lay bets. I followed her thread at the time, and I must say that it came across as very authentic. She published daily picks (except Saturdays) and in only 303 days, her initial bank of £3,000 increased to £100,603.78.
The thread has since been taken offline by the operators of the forum, but if you google “Maria Laying System” you will find a plethora of articles referring to her experiment. Naturally, doubt breeds skepticism and most of the responses are quite critical.
It is difficult to find really credible information about betting success on the Internet. In the majority of threads you will read statements such as “I know someone who knows someone who makes his living from betting”.
The only website I am currently aware of which has published quarterly betting results for several years is Alan Seymour’s Sports Arbitrage Review. Alan writes about his experiences as a professional arbitrage trader and has been arbing since 2002.
Famous Last Words
If you have anything substantial to contribute to this topic please leave your comment below. It will warm our hearts and be absolutely great!
As I continue to develop betting courses and tutorials, I would be very keen to learn which specific content you are interested in most.
I thank you in advance for you valuable contribution! Every thought helps to develop this website into a sparkling source of knowledge in the often far too confusing worldwide web. 😛
Any article on betting should begin with a responsible caveat. Making money on betting can sometimes mean knowing when to stop and walk away. If you have made a profit, then do something else that means you enjoy your earnings. Chasing a bigger win, or worse, chasing your losses, can result in hard earned wages flushing into the pockets of bookies. There are no guarantees in football betting.
With the normal “when the fun stops, stop” warning out the way, let’s look to some practical tips for making money from gambling on football. There are plenty of people out there who have sensible systems for making a net profit – let’s share some of the secrets.
Understand the odds and the bets
Before you begin, you need a basic grasp of how the bets work and what the odds mean. First, some sites will publish odds as a fraction such as 2/1, while some sites will use decimals, such as 2.00. You also need to know that these odds can change in the lead up to a match. If a market is popular, then the bookie may choose to narrow the odds, decreasing the value of the bet you have made. You need to consider if you should fix your bet at the odds offered at the time of making a bet. Be aware; a bookie may do the opposite too – if a market is not proving popular with punters.
If you are undertaking a spread bet, make sure you know what this means and how you will win. The same with an accumulator bet, look to see if the sportsbook offers insurance against losses in one or more matches in an ACCA and other guarantees that may mean you can return your stake at least.
Look for value
Always backing the favourites will ultimately end in a loss. The bookies are smart, and they calculate prices in the knowledge that they will come out on top with such a system. The favourites rarely always win and if they do then your return is low.
Instead, it would be best if you searched for value. You need to use your knowledge and intuition to find the bet where the bookie seems to be offering better odds than they should. You might lose, but if you are right, then your returns are going to be higher. Spreading your bets across many matches and choosing those matches where you believe the odds are generous will equate to a net profit in the end. You will suffer some losses. However, you are looking to make money – not to always win. The gambler who needs to always win will always be disappointed – and quite poor!
Most professional gamblers tend to look for odds of 2.00 or better. If you constantly bet on odds of 2.00, then you only need to win 51% of the time to earn yourself a profit. The best sports gamblers know when to risk 3.0 or 4.0. Remember at odds of 4.0; you would only need to win 26% of the time for your winnings to be in the positive. Making a 4.0 bet may be risky and should be done with a knowledge of the game, the players, and the context. It should also be done while applying maths, where you are hedging your bets and covering your losses from the start.
Our most important advice: set yourself a bank limit for the weekend of football betting. Allocate a sum of money that you are going to spread across markets. When you have reached this bank limit stop and wait for the results to come in. You should then count the wins and losses, check your profit, before moving on to another set of bets in the future.
Pundits don’t know it all
Slavishly following the advice of a tipster might seem like an easy route to a profit, but not all tipsters are equal. A lot of online tip sites are marketing affiliates who are looking for you to click on links to make them a profit. They may know very little about sport but write with enough conviction to make you feel like they are making a mint. However, the trade they are plying is online marketing and not online betting. Therefore, you are earning them money with your clicks, and they may not be offering you the best advice on your bet.