How to make money on sports betting

In these articles, we will look at strategies and schemes for making money on sports betting, which ways to make money really work, as well as where to start as a beginner to make your first money.

Online betting as a permanent income is a very real prospect that does not require special financial investments. There are only a few conditions necessary to get started: desire, availability of free time and a little patience.

Earnings on rates: how much can beginners really earn

Earnings on rates is a high-risk investment, but this method of financial investment can bring much more profit than, say, a regular bank deposit. As for risk, it is present in any operations related to finance. Hence the first and largely defining rule of betting for beginners: it is worth playing in a bookmaker’s office only with free money – that is, money that you can spend without risking your own well-being.

Do not play with money borrowed or from the joint family budget.

However, it is also not worth starting with a “small” game: in order to bet according to the strategy and count on at least a theoretical profit, the bankroll (initial size of the game bank) should allow you to make at least 50 equal bets.

Let’s try to figure out how to make money from betting, if not constantly, then at least periodically. How to make a bookmaker a source of income?

There are professional handicappers (people for whom betting is a permanent job). They specialize in sports analytics and are well versed in the mathematical aspects of sports betting. Becoming a professional is not easy: to begin with, we need to understand how a bookmaker works and master the main rules of sports prediction.

Usually beginners choose football, hockey or basketball. According to professionals, the most profitable for prediction is tennis, but if this sport is not to your liking, you can start with betting on football it is the most popular sport in the whole world.

The real amount that a beginner can earn with minimal investments is 10% of the bank per month.

Of course, if you use risky strategies, you can actually earn all 50%, but then the probability of a complete drain of the bank inevitably increases. 10-15% is quite a decent indicator, but you can achieve stability only if you follow certain rules and approach the business of sports forecasting soberly and rationally.

How bookmakers work

As practice shows, people of all ages from university students to pensioners – try to make money on bets. All these people are united by their love for sports – mainly in the status of fans. Why not make your interest in sports a source of permanent income? Bookmakers offer us hundreds of different offers every day, from which we have the right to choose any. The player’s advantage is his right to choose any bet. Ideally, each player should make only the bet in which the confidence is close to 100%. However, in practice, most bets are made thoughtlessly, besides, a significant part of all bookmakers’ customers are amateurs who bet for their own pleasure.

You can also approach sports betting from this point of view: bookmakers give us the opportunity to take risks and add adrenaline. And if we sometimes manage to buy flowers for our wife and ice cream for our children with the money we won, that’s great.

But if you are reading this text, then your goal is not only to have fun, but also to make a stable profit over a long distance. For this, the approach to betting should be strategic: gambling on luck is dangerous for capital.

A bookmaker is an intermediary that charges a certain percentage for its services. This percentage is called the margin – it is thanks to the margin of the probability of the result as a percentage of equally likely events offered by the bookmaker that it will not be 50 for 50, but, say, for 47 47.

Offices get profit due to the fact that they adjust the ratio according to public opinion and financial flows. In other words, the bookmaker knows where the average player will put money and artificially lowers the probability of this result, expressed in coefficients.

Strategies for making money on bets

There are dozens of strategies that allow you to make money in the bookmaker’s office. But it will be enough for a beginner to familiarize himself with the most reliable and profitable of them.

It should be understood that there are no win-win strategies, otherwise all offices would have been ruined a long time ago: there is only an opportunity to significantly increase the probability of long-term profit by placing bets according to a certain scheme.

Game strategies. The most popular game strategies are:

  • Bet on undervalued events (Value Betting);
  • Bookmakers forks (arbitrage bets);
  • Classic pre-match analysis;
  • Game in live mode;
  • Catching up.

The vast majority of players try to guess or predict the outcome of a game without thinking about the financial performance of their game in the long term. Most of the players of bookmakers are so-called “forecasters” – they are not so much interested in money as in guessing the result.

There is also a fundamentally different category of players who, above all, focus on coefficients and long-term profit. If such players see a bet that is profitable in the long run, they will definitely make it. If you constantly bet on the coefficient inflated by the bookmaker, then the profit after a certain period of time is guaranteed.

This principle is called Value Betting, that is, bets on events that are undervalued by the bookmaker.

This principle can be explained more clearly by the following example. Most players always bet on the conditional “Real Madrid”, not paying attention to the coefficient and rightly believing that this super club is stronger than its opponent in any case. But “Bayern München” do not take into account a specific match, but work for the future and bet against Real.

Since the odds on such a result are always very high, even a single misfire of a super club will bring more money than regular bets on the favourite. Such strategies as “catch-up” and “forks” are theoretically win-win, but only in theory.

In order for such rates to bring profit, two conditions must be met:

  • The player must have an infinite game bank;
  • The bookmaker must allow him to bet any amount.

In practice, both conditions are unattainable for objective reasons. It is still worth talking about these strategies, although we do not advise beginners to practice them.

Catch-up is a constant increase in the amount of the bet after each loss, which allows you to return the money with interest. Catching up is both a financial and a game strategy. Suppose you bet on the draw of a certain team until this event occurs, while each time increasing the amount in such a way as to cover the financial losses and get a profit.

A draw will definitely happen, but there is a certain danger: it can happen at the moment when you no longer have money for the next bet.

Forks or arbitrage bets were once very popular, but now that the odds offered by bookmakers are roughly the same everywhere, it is becoming increasingly difficult to play on the difference. In addition, the offices themselves do not like “wreckers” and can easily block accounts, suspecting arbitrage bets.

Financial strategies. There are also many financial strategies:

  • Fixed income;
  • Martingale strategy;
  • Kelly criterion;

It is believed that beginners should try to bet about the same amount. Playing with a rigidly fixed amount over a long period of time is called “flat”. We will consider this strategy the most reliable and profitable. Moreover, after a long game, luck will clearly show whether the player has a gaming or mathematical advantage over the bookmaker.

Earnings on football bets

No professional handicapper makes a profit due to “guts” (intuition, luck, fortune). A certain amount of fart, of course, is necessary for all sports prognosticators, but this quality is not a superpower, the result of experience and numerous mistakes. Yes, yes, for a smart person mistakes are the best school.

In football, every fan considers himself an analyst, forecaster, expert. This sport is out of competition with bookmakers in terms of box office fees. In no other sports discipline can you find so many “experts” who know who wins, how, when and why. Almost all players who come to BC for the first time bet on football, and for many it remains the main sport.

Meanwhile, it is not enough to simply understand football and have statistical information to be successful in betting. Even experienced players and coaches do not always guess the winners. Soccer is a very unpredictable sport in which the strongest opponent often wins.

It is explained simply: low performance of football games, increased probability of referee errors and accidental goals.

To bet on football successfully, you need to follow simple but effective rules:

  • Never bet on your favourite team (you will definitely either overestimate or underestimate it);
  • Do not bet on all football leagues in a row: it is enough to choose one or two in which you understand better;
  • Try to bypass the top matches (central matches of the tour, final matches): as a rule, the odds for such games are adjusted by bookmakers to the hundredth part;
  • Control of emotions: the absence of excessive emotional reactions is a guarantee of stability.

And one more tip: follow the movement of the coefficients, trying to bet on the most profitable value. For professionals, even tenths and hundredths are important.

If you also want to earn good money, make a firm decision for yourself to make this type of business your main source of income.

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