How to Make Money from Betting?
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!
How to Bet and Win?
Despite the many urban legends that are told among bettors, the actual 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 sooner or later spend the entire budget they have set aside for sports betting.
So, the legitimate question is whether it is possible to make money from betting? Several ground rules must be heeded, and if you strictly adhere to these rules, you can raise your chances to profit from sports betting in the long run and win in the battle against sportsbooks.
In this particular article, we will talk about 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.
Money management or more simply cost control, is one of the first things you need to learn to be able to make money from sports betting. As in any business, in sports betting is essential to determine how big your budget is. It is also vital to decide how much you are willing to lose without burdening your daily life outside sports betting.
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 will need to learn how to manage your bank responsibly because 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 smart 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, which means that 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 we have already 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 when it comes to 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 with 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 start betting on sports.
There are a large number of quality sites on the internet that offer 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, a sports bettor has a wide selection of online brands in 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 make 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 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 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 bettor 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. How to identify suspicious sites that sell fake and bad tips, you can read in our article, here.
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 a 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 head 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.