How to Make Money from Betting?

MilosNS
September 2, 2021
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make money betting

Although sports betting is conceived primarily as entertainment, it is clear that the main motive of the players is money. Not so much the amount of money, but the fact that you beat the bookmaker. Unfortunately, almost 95% of the world’s players do not make a profit from online betting. There are plenty of reasons for that. Lack of dedication, basic knowledge, and even lack of luck. For this reason, more and more online betting sites are opening every day. Profit is almost certainly guaranteed for them, with so many players losing money in the long run.

If you wonder how to make money from betting, then this is the perfect article for you! We will explain that making a profit from sports betting isn’t a myth and show you the best tips and tricks that will transform you from a loser to a winner! Through one simple text, we will explain all popular strategies, from the flat investment system to the legendary matched betting strategy.


Editors’ Choice: Best Online Betting Sites 2024

You need the right tools to profit from betting. Choosing a quality online bookmaker is the first step toward this goal. We have made a short list of reputable online betting sites for you. Each site has been thoroughly tested by our specialists from the Bet Experts portal and received high marks.

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Whether you are an experienced bettor or just a beginner in the world of online betting, you must have heard of the Bet365 betting site. It is the world’s most famous and probably the best sportsbook right now. What separates them from the competition is an incredible number of betting options. Also, this online bookmaker is known for its constant innovation, which pushes the boundaries. Bet365 Bet Builder is the last innovation in the series, which revolutionized the gambling industry.

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20bet is a leading betting platform that became one of the most popular betting sites in Europe in just a couple of years. Bettors can find a perfect user-friendly interface and an extensive selection of betting markets. At Ivibet, you can bet on an impressive variety of sports, such as football, basketball, tennis, and esports. Overall, Ivibet caters to all levels of players, with a wide range of betting features to suit everyone’s preferences.

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If you are entering the world of online betting, you need to find the ideal betting site. Our recommendation in this segment goes to 22bet Sportsbook. There are many reasons for that. First of all, this bookmaker is user-friendly, with a very intuitive site. The choice of sports and leagues is impressive, and the odds and margins are fair. If you prefer live betting, at 22bet, you will find one excellent platform that caters to the needs of all players.

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How to Bet and Win?

Despite the many urban legends told among bettors, the numbers are relentless. The vast majority of players, in the long run, lose the battle with sportsbooks and logically lose their money. According to some unofficial statistics, almost 95% of people who bet on sports lose money constantly and spend the entire budget they have set aside for sports betting sooner or later.

So, the legitimate question is whether it is possible to make money from betting. Several ground rules must be heeded. If you strictly adhere to these rules, you can raise your chances of profit from sports betting in the long run and win the battle against sportsbooks.

In this article, we will discuss essential rules of sports betting that must be followed and respected. If you follow these rules, you will be able to make money from betting. Now, we will present you with some important tips and tricks.



Money management

MoneyManagement

Money management, or more simply cost control, is one of the first things you need to learn. As in any business, in sports betting, it is essential to determine how big your budget is. Deciding how much you are willing to lose without burdening your daily life outside sports betting is vital.

Once you determine the size of your betting budget, or as it is popularly called in the betting world, “the bank,” you are ready to start your adventure. You must learn how to manage your bank responsibly. It is the only way to survive the harsh betting world and eventually make money from betting. The smartest thing you should remember about betting on sports is that it is not a sprint but a marathon. So, patience, discipline, and intelligent money management are prerequisites to a successful betting career.


Betting Systems and Strategies

Most of the bettors have their own betting preferences about sports and betting markets. We always suggest all our readers play single selections and avoid combo and parlay betting. Most certainly, betting on single selections brings less profit than betting on combo tickets. But it is safer, smarter, and proven to be more efficient. Betting on parlays is highly volatile, meaning you will win less often, but your wins will be higher. When betting on single selections, you win more frequently, but you win smaller amounts.

Also, as mentioned, self-discipline is a crucial feature in sports betting. Knowing which staking system to use is also one of the things every successful sports bettor must know. There are two popular opinions in the world of sports betting regarding staking systems – flat staking and unit staking. With flat staking, the bettor uses the same amount every time (1% to 2% of the entire betting bank). While with the unit staking system, the bettor determines how much he will stake. Both systems have their advantages and flaws, but we think that flat staking is more conservative and, thus, better for novice players.


Betting Systems to Help You Make Money from Betting

Here is the fact! There is no bulletproof betting system that can guarantee you constant wins. There is an advanced betting strategy called Arbitrage betting that comes close to being a safe system. Still, it is highly dependable on bettor skills and staking availability at different sportsbooks. If you want to know more about Arbitrage betting, we suggest you read our article on that subject here. The main goal of Arbitrage betting is to find different odds at different sportsbooks on the same outcome and to place two opposing bets. That way, you are creating a safe bet with a small profit.


Learn the Basics of Sports Betting

Today, in the age of the internet, when a large amount of information is available to everyone, it is simply amazing how many people bet on sports without having any basic knowledge about sports betting. We feel that every person must educate himself before starting to bet on sports.

There are a large number of quality sites on the internet that offer free educational articles from which you can learn important and valuable information. These pieces of information will help you answer the question – how to make money from betting. On our website, you can find many helpful articles, such as the advantages of online betting over betting in local shops. Also, what is the difference between Asian handicap and European handicap, what is the margin, and how to find the best tips? All of those articles are available to you for free, and by reading them, you can prepare yourself for the harsh world of sports betting.


Choosing the Best Sportsbook that Suits Your Needs

Nowadays, sports bettors have a wide selection of online brands from which they can register. So, choosing a perfect sportsbook (or several sportsbooks) is a serious decision that every bettor must make. Having several accounts at premium sportsbooks is one of the basic preconditions to making money from betting, and now we will explain why.


The Features Every Respected Sportsbook Must Have

First, you need to choose operators that are entirely legal and safe to use because by doing so, you protect your potential winnings and personal data. After that, you should look for sportsbooks that have acceptable payment methods that fit your needs. We prefer operators that accept e-wallets, such as Skrill, Neteller, and PayPal, as deposits and withdrawals with those methods are fast and safe.

Once you make a list of legal brands that support your preferred payment options, then it is time to look at the promotions section and see what active offers they have. Many reputable sportsbooks nowadays offer rather tempting and lucrative Welcome Bonuses to new customers. Those bonuses can help you boost your betting account, as you will get a certain amount of “free money,” which you can turn into a profit. At this point, we must mention that a certain number of brands have different bonus policies. They don’t give any welcome bonuses to new clients, but they have other qualities, such as high withdrawal limits and low margins, which make it worth registering with them.

Finally, it is necessary to filter online sportsbooks, taking into account the quality of odds and margins that they offer to their customers. The importance of margins is often neglected, but we always underline that nobody can make money from betting if they play at sportsbooks with high margins and low odds.

If you do not have time or will to make your lists of premium sportsbooks, we suggest you read honest and detailed reviews of the best online sportsbooks and online casinos that we made. These reviews will save you time, and you will undoubtedly be able to find the perfect betting operator for yourself.


Learn How to Place Your Bets Wisely

Sometimes, bettors do everything according to the rules, but they still fail to make money from betting. There can be many reasons for that, but the most probable reason is that bettors can’t pick the proper outcomes. To avoid this situation, you can find a large number of free and paid sites that offer daily betting predictions. When choosing such services, it is necessary to be extremely careful, especially with paid services, because a certain number of fraudsters try to deceive people.

On our site, we offer free daily predictions to our readers. We would love to see you there!


Learn to Think Like a Hunter, not a Pray

This is something that all sportsbooks are afraid of. The moment you start thinking like a quality bet hunter and start applying the basic “golden” rules of sports betting, you will have the answer to the question – how to make money from betting? Professional bettors rarely play on heavy favorites, as those games simply don’t have real value in their eyes. Bettors who make money from betting usually play the selections that not many people play. They are not afraid of big odds, and they love to bet against the public. Because of that, they are profitable.

They watch every game through odds and probability of winning. Also, profitable bettors never celebrate loudly, nor do they grieve and lose their heads after a series of bad results. The math in sports betting is simple. You need to correctly predict 55-60% of all games with even odds to make money.

This can be achieved if you are disciplined and bet with your head, not with your heart. With just a little focus, you can easily be in that 5% of sports bettors who actually make money from betting.


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FAQ

  • How does sports betting work?

    Sports betting is a big industry worldwide, and with modern technology online betting became even more profitable. Bettors need to be disciplined and skillful if they want to make a profit from sports betting. Betting sites offer players various betting opportunities, and bettors place their bets within betting sites. To find the best and most reputable betting sites, we suggest you read our reviews page.

  • Can you really make money betting sports?

    There is no universal answer to this question. Sports betting is a complex discipline, and it requires from bettors comprehensive knowledge in many areas. To be profitable in sports betting, you need to have sound money management, a reasonable betting bank, and many accounts at betting sites, to be able to shop for the odds.

  • How to understand betting odds?

    Keeping in mind that there are five different types of odds in sports betting, sometimes it is hard to understand them. The most popular type of odds are Decimal, Fractional, and American. If you want to know more about specific types of odds, and how to calculate possible winnings, you can read our article on that subject.

  • How to make money from spread betting?

    Spread betting is a slightly different betting discipline compared to the classic money line, so it requires some special knowledge. First of all, you need to determine how each team will react to the handicap and decide on the one that should make you a profit.

  • What is matched betting?

    Unique sports betting discipline, where bookmakers take advantage of odds differences in bookmakers’ offerings to make safe bets. This discipline requires great concentration and quick thinking, but it can undoubtedly be called one of the safest strategies in the world of sports betting.

Author MilosNS

MilosNS is our senior content writer, SEO guru, and first ever tipster who started working with us, and he is still here. He is a well-known name in the sports betting industry, and his knowledge about anything betting related is vast. If you have any questions, or doubts, MilosNS has the answer for you.

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