Best Way To Make Money Sports Betting

The internet has taken betting to a new level. Thanks to the technological breakthrough, anyone can try to start earning money from betting. But is it possible to win consistently and earn an income? In this article, we will tell you about the five best ways to make money through online betting sites and give tips for beginners that will be relevant in 2021.

How to start making money on sports betting

Best Way To Make Money Sports Betting Odds

Only a few people bet for fun. In most cases, players are driven by the desire to win and make money.

Best Way To Make Money Sports Betting

Let’s say right away that only a small percentage of professional gamblers consistently win at bookmakers. If you also want to start making money on bets, then you cannot do without love for sports, because you will have to watch matches for several hours a day and analyze their results. To make money on sports betting, you will need:

Betting Strategy B: Martingale The Martingale system has you double your bet after every loss, so that the first win would recover all previous losses plus a profit equal to the original bet. Since a gambler with unlimited bankroll will, almost surely, eventually win, the Martingale betting strategy is seen as a sure thing by some. 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. Avoid Big Favorites. Oddsmakers know that recreational bettors love betting favorites. Matched betting is sometimes called double betting and it is pretty simple once you understand the basics. This is a type of bet in which you take advantage of the bookie’s free bets offer or other incentive. This is the best way to make money betting. Jan 31, 2021 You’re not going to win a bet every time – it’s just not possible! Despite what others may say, betting on football is not a guaranteed way to make money. There is an incredible number of variables that go into football betting and there’s no way of predicting the correct outcome every time.

  • stable Internet access (especially if you intend to bet live);
  • free time (at least 3 hours a day);
  • bankroll – free capital that you can lose without harming yourself;
  • good knowledge of one or more sports.

Most often, beginners prefer popular sports like soccer, hockey or basketball. But the easiest way to make money is tennis.

Betting

Let’s say a few words about the bankroll. If you are new to betting, then there is a high probability of a strong decrease or complete loss of the initial deposit. Therefore, we urge you never to bet on the last money. Play only if you can afford to lose your investment.

How to avoid mistakes

A professional gambler differs from a beginner in many ways. If you stick to these rules, your chances of getting rich from betting will increase.

  1. Don’t bet on everything. Only bet on sports you know well.
  2. Always analyze an event before placing a bet.
  3. Do not bet more than 1-3% of your bankroll.
  4. Do not use parimutuel betting and do not make big parlays that include more than 5 events.
  5. Choose a verified betting provider, whose conditions are best suited for you.

Most often, beginners make the same mistakes in sports betting, for example, they impulsively bet everything on one event. Such rash actions most often end in loss. To make money, you need a systematic approach, so below we will tell you about the five best strategies for making money through online betting sites.

Top 5 best ways to make money on online betting

There are different approaches to making a bet. We have compiled a rating of the best strategies so that you can choose the one that is right for you.

5. Bookmaker surebets

To use this approach, you need to register with several bookmakers at once. It is worth comparing the odds that bookmakers offer for different outcomes of the same event, and bet to make a profit regardless of the result. On the Internet, you can find calculators that help you calculate the possible profit and the required amount of the bet for each surebet.

Among the advantages of such bets are almost guaranteed earnings. The only risk is that the company may refuse to pay out the winnings or block your account. It is with the help of surebets that those players who do not know how to qualitatively analyze events often earn on bets.

4. Middle bets

A type of bets in which different bookmakers find a middling opportunity for a handicap or total. If the team “hits the middle”, both bets win, if not, a part of the bankroll is lost. This is a kind of surebets, but here the win is not the difference in the odds, but the difference in the values ​​of the handicaps and totals.

Usually, the consequences are the same – bookmakers block player accounts. Sometimes they can allow you to withdraw money before that.

If you are planning to make money on surebets or middle bets, read bettor reviews of different bookmakers on Meta.reviews to choose the companies that are loyal to their customers.

3. After goal betting

It is known that in most cases a few seconds can elapse between a stadium event and a change in the betting odds. From Latin America, for example, it can take 8 or 12 seconds for a signal to reach a bookmaker in Europe. If you are in the stadium or have a faster transmission than the bookmaker (and there are some), this is enough time to bet on an event that has already occurred (goal scored, set won).

2. Value Betting

This approach is suitable for players who have been following a particular sport for a long time and know it very well. This will allow you to decide the favorites for the match yourself.

Betting

For example, in a Bayern vs Liverpool match, the bookmaker believes that the German club is favorites, so the odds are 1.5 to win, but the English are underdogs, so their victory is estimated at 3.0.

Sports

However, if you carry out a detailed analysis, it turns out that Liverpool have a much better chance of winning than the bookmaker thinks. This means that it is more profitable to bet on the English club.

Often, an approach called flat is used along with this strategy. The same amount is bet on all events over a long period. If the bank has increased significantly, for example, 2 times, then the size of the bet can be increased. And if the bankroll decreases, the player starts to bet less. So the likelihood of losing funds completely decreases.

1. Chasing bets

One of the most aggressive strategies, which involves continually increasing the size of your initial bet if you lose. For example, you bet $10 and lose. Your task now is to win back the previous bet and make a profit.

The Martingale system is most commonly used for chasing a bet. If you lose, the bet is doubled. For example, you bet $10. If the bet loses, you bet $20 next time. In case of winning the size of winnings will be $40, the net profit will be equal to $10. If unlucky, the next time you bet $40 and so on.

The Martingale system is suitable for betting on outcomes with odds of 2 or higher. It is enough for us to select them and in case of loss, constantly double the size of the bet.

Players using this strategy should stick to a few rules:

  • initial bet amount must be very small, so that a series of defeats does not lead to a complete loss of capital and the player has a repeated opportunity to win back by chasing a bet;
  • choosing the outcomes in which you are most confident, you should not bet on each event with odds of 2 without conducting preliminary analysis (so the likelihood of a protracted series of defeats will be minimized).

Best Way To Make Money Sports Betting Apps

What is Live Betting and How to Profit From It

How to bet on NFL games is a process most bettors analyze during the week when new lines come out for Sunday`s action. Most off-shore books have a “live betting” category for those wanting to hedge their picks. Betting the NFL games after they start is the latest trend of available options to hedge your original bet or limit your perceived losses. What is live betting and how can you profit from this betting format.

Live betting allows bettors to wager during a live game with different lines posted after the game has started. New odds on the spread, money line and totals will be posted as the game progresses and how teams perform. Bettors can lock in profits by betting before the game starts and betting during the game. The action is fast and bettors need to be focused and ready to hedge their bets when the timing is right.

Some Las Vegas books are starting to offer variables called “in game running” (live betting) to those who have an account with that Sports Book. The account can use the books online intranet closed system with their downloadable app on a computer or smart phone from anywhere inside Nevada only. The account also works when you log-in at the sports book terminal connected to a screen monitor.

How to bet on NFL games is hard enough without more options to consider. But if you have a strategy to follow, live betting can be very beneficial. There are times when you can lock-in a winning bet when the money lines change during the live betting process. An example is betting the ML (money line) on SF 49ers at +130 to win over the LA Rams on an early season Monday night game.

When SF was up 7 in the first quarter, the Rams moved from a ML favorite at -150 to a ML dog at +140. If you bet the 49ers at +130 for a buck ($100) before the game started and bet the Rams after the game started on the live betting board at +140, you locked in a winning bet in the first quarter.

When you get a plus ML odds on two teams playing each other, you cannot lose. You can make either $30 or $40 on the winning team. You do not make as much money as you wanted but why turn down a sure thing — no risk and guaranteed profit.

When in doubt, wait for the game to start and get a better feel for the game. Watch the odds changing during the live betting posts that update frequently. It is a fast paced process with changing numbers after an interception, fumble or big play. Be ready to place your live bet when you get your number. Remember, this is an optional tool to use if you want the excess action. If you are confident with your game bet, sit back and root home a winner.

Betting the NFL live option can be a little more stimulating than a straight bet before the game starts. You sit through the agony or the joy of watching your team perform. You have no options unless you can use a live betting format — if it is available.

How to bet on the NFL is a selective choice and live betting allows you to limit your losses if your game choice is not going your way. You can bail out of your position and cut your expected losses by 50% or more. When you bet a game on the under and a special teams quick touchdown gives you ulcers, wait for a decent live number to hedge your bet.

Your under bet is too risky to wait on. Get out while you can without much damage. Move on to another game day and limit your bad decisions. It happens to all of us. Learn to use live betting to increase your winning percentage and limit your perceived losses.

However, a totals bet during live betting can produce a big middle of around 10 points. A totals line of 44 to start can easily jump to 54 if there is double digit scoring in the first quarter. An over 44 bet before the game and an under 54 bet during live betting is a 10 point middle only seen during live betting. If the game goes over the 54 bet you lose one way and win the over 44 total. On a $100 bet each way, you risk $10 to win a middle of $200. Worth it every time!

The types of live bets offered are going to vary greatly depending on the sport and where you are betting. It requires a great deal of manpower and technology for a sportsbook to run live betting operations. They have to set new lines in real time and do not have days or weeks to post their number like normal bets. For all of these reasons, the types of bets offered are going to vary around the spread, money line and totals.

  • The benefits of live betting

The exciting reasons about live sports betting is there are so many great benefits and reasons to play that did not exist before. A lot of the benefits are similar to those you get from traditional wagers but are amplified with this new style. What are some of the most popular reasons people get involved with live sports betting.

  • How to profit from the odds

Best Way To Make Money Sports Betting Websites

Technically, the odds on all bets are supposed to be correct or accurate to the final score. The sportsbooks spend lots of time and money hiring professionals or setting up computer systems to help them set the perfect odds on a live game. If they happen to set a line incorrectly, they stand to lose a lot of money if bettors can jump on it before they adjust it.

This becomes fairly easy and straightforward for the sportsbook when they have weeks and days to prepare and research their lines ahead of time.

This extra time cushion is gone with live sports betting. The sportsbook is required to change odds and make predictions in real-time. They do not have time to second guess themselves because they have to stay up to pace with the game. The pace of baseball is slow and better for the books. Football has their game clock before the next play and basketball has a fast and furious pace for books to adjust on the go. They usually wait for a timeout to change numbers.

  • Watch for soft lines and weak numbers

The two ways a sportsbook posts live odds is through a team of “brains” or smart bettors that have the task of setting lines. These people are the best in the business at probability and are fairly accurate. The second way is through complex computer systems that take all the available data into account to set new lines and odds in real time.

The problem for the sportsbook is both systems are not perfect, especially in crunch time. Human error is inevitable and results in uneven odds. Computers can analyze quantitative data but cannot measure momentum and coaching.

Betting

Quantitative data has a numerical value which can be counted. This would be how many points the team scored, how much time is left, how many fouls players have and other statistical data. Things that cannot be measured are team morale, signs of injury or bad coaching decisions. Computers are not capable of catching these types of human factors that are not measurable.

Best Sports Betting App

The human errors and technological implications shows it is likely you are going to find an incorrect line for a short time. Profits are made with quick decisions and little doubt about betting opportunities from live betting mistakes and errors in judgement. The books will be guessing sometimes as they have to make the first move and post their numbers quickly and hope for the best.

  • When live betting works the best

Live betting is acknowledged as the latest and greatest when it comes to advancements in sports betting. Live betting offers players the ultimate experience in entertainment, betting flexibility, and money making opportunities. Available mainly online due to its highly technical nature, live betting allows players to become light years more immersed in the action with thousands of new betting options.

Sometimes these wagers are offered between quarters or periods, and in some cases, they are offered after every single play or drive. Basically, you are able to bet on a multitude of different things at any point during the game. The number of different betting types and the frequency at which they change is all dependent on the technological capabilities of where you are betting.

Money Line Betting

Live sportsbooks and casinos will have the fewest and sometimes no options for live betting as it is more technologically difficult to keep up with the action. Online sportsbooks and casinos will have the most options and the most variety of betting options as they have the technological resources to keep up with the games and handle all the changing action.

Easy Way To Make Money

The joy of this technology makes wagering easier for the bettor looking for profits. You also do not run the risk of your bet changing before you place it because there is no waiting.

Best Way To Make Money Sports Betting Sites

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