How to Make Money Betting on Various Sports
Betting and sports go hand in hand, and many sports fans worldwide enjoy placing a wager here and there. However, it’s no big secret that betting is a risky business. Even though the activity is fun and exciting, it can cost you a lot of money if you are betting blindly.
To show you how to make money from betting instead of losing it, we will cover several tips and tricks you should use whenever you are betting. Additionally, we will explain several different strategies that can help you make a guaranteed profit every single time.
10 Quick Facts on How to Make Money by Betting Online
- Football, tennis, and horse racing are the most popular sports to bet on in the UK.
- A sequential laying strategy is ideal for the fans of accumulator bets.
- The easiest way to make a profit is with arbitrage and matched betting.
- Football is considered the most profitable sport to bet on because of its popularity.
- Accumulator generators can automatically generate five-fold accumulators to use for the sequential laying strategy.
- The more you know about a sport or a match, the easier it is to make a good bet and earn money.
- Learning how to make money betting on horses begins with learning to read a racecard.
- Oddschecker is fantastic for anyone shopping for the best odds.
- You can follow professional tipsters on websites like Tipstrr or Smart Betting Club.
- You should always be prepared to lose a bet; even veteran punters do.
Making Money on Sports Betting
Before you start making money from betting, you should know where you are potentially investing your money. In other words, you should research the teams or the horses you are betting on.
Of course, we don’t mean doing the superficial research and just looking up the teams briefly and calling it a day. If you want to learn how to make money betting on sports and be successful at it, you need to put in the work and do your research.
Let’s say you are betting on football. In this case, you should check both teams and their previous results. Moreover, you should check the fixtures and the entire league to know which team is fighting for what. This is important because the teams playing in front of the home crowd will be tougher to beat.
One way to quickly learn how to make money betting on football is to remember that every bit of information matters and consider everything. For example, if a team is trying to qualify for the Champions League or avoid relegation, they will be much more motivated to win the match and get extra points than a team in the middle of the leaderboard.
Additionally, even something that may seem irrelevant on the surface can help with making money from sports betting. Rumours of a player being transferred or information from their personal lives can greatly affect a player’s performance on the pitch, for the better or the worse.
Granted, while details like these might not necessarily help you make a profit, they can motivate you to rethink just how certain a “sure” bet is and help you save a few pounds.
How to Make Money Betting on Horses
When it comes to horse betting, knowing what you’re getting yourself into is just as important as it is with football. Even though the actual process of betting on horses is pretty much identical to betting on other sports, there are several different aspects to consider.
If you wish to find out how to make money betting on horses at a race track, you should first learn how to read a racecard. These cards include all the essential information about the race or the horses you are betting on. A horse racecard will tell you about the horse’s weight, age, breeding, form, placement from previous races, and more.
You will also encounter several letters, and it is important to know their abbreviations. For example, C stands for course, and it shows that a horse has previously won on that type of course. Knowing this is vital since some horses perform much better on different courses or different surfaces.
Another bit of information on the racecard that can assist you with learning how to make money betting is whether a horse has recently won over the distance it will be racing on that day. More importantly, if a horse has BF next to its name, it means it was a favourite in its last race, but it did not win.
By knowing this, you can easily save a few pounds by not betting on such a horse, even if it is labelled a favourite for the upcoming race.
Lastly, the card will tell you who the horse’s trainer and jockey are, which is perhaps the most relevant information regarding horse racing. Trainers are quite familiar with their stables, and the easiest and smartest sports betting strategy for horse racing is to learn the trainer’s opinion about a horse.
Besides, jockeys are also the ones who can tell you a lot about a horse. For example, if a trainer or a stable has several horses and a star jockey, the star jockey will often pick the horse they will ride. Naturally, if they handpick a horse, they have high hopes, and the horse may be considered a favourite.
Whether it’s football or horse races, learning how to make money betting on sports is mostly about research. For that reason, you should gather as much information as you can about a specific event you are betting on. By analysing the information, you will be much more likely to place a good wager than just betting blindly.
Use a Smart Sports Betting Strategy
Often, knowing about the sport you are betting on is not enough. After all, you never know when an underdog will surprise you with a stellar performance. For that reason, virtually every seasoned punter has a betting strategy they use.
Every smart sports betting strategy begins with learning how to set and manage your bankroll. This refers to managing the money you use for betting. By learning how to limit your losses and separate enough money to invest in betting, you will lay an excellent foundation that you will use with every proven betting strategy.
Today, you can use dozens of different smart sports betting strategies to beat bookies. Some of these strategies advise you to bet on underdogs or bet safe and back a favourite. However, the issue with these strategies is that there is sound logic to both of them, so how should you decide which one to use?
The easiest way to do that is to use different strategies, more advanced than basic tips and tricks, which can help you make a guaranteed profit. Some of these strategies are arbitrage and matched betting. Profitable football betting strategies like these two exploit the difference in odds between bookmakers and betting exchanges or rely on bookmakers’ free bet promotions. What’s best about them is that they can help you make a profit every single time.
Because they are much more complex than simply backing a favourite, it will take some time to master them. We have explained them in detail in another piece, and you can check it out if you wish to learn how arbitrage betting and matched betting work.
How to Make Money Betting on Football
Even though strategies like arbitrage betting can be used in football, they are most often used in sports where only two outcomes are available, such as tennis. However, other strategies, like sequential laying, work exceptionally well with football betting.
Similar to other profitable football betting strategies based on bookmaker promotions, sequential laying relies on acca insurance promotion. Generally, these promotions are reserved for players who bet on five-fold accumulators and miss only one selection out of the five.
The first thing you will need is to find or create a viable accumulator bet. The easiest way to do that is to use an accumulator bet you can obtain from reputable sources like Oddsmonkey. These generators will automatically create five-fold accumulators for you, which will save you a ton of time working out the odds and the amount you need to bet each time.
Before you start making money from sports betting with sequential laying, you will need to find a bookmaker that offers an acca insurance promotion and place a bet at that bookmaker. The amount you will stake depends on the odds of your selections. If you are using a calculator, it will automatically calculate how much you will need to bet to make a profit.
When creating an accumulator, the most important thing to have in mind is that there is at least a several hours gap between each game since you need to know the outcome of the previous match before knowing how to proceed.
As we mentioned earlier, the easiest way to learn how to make money betting with sequential laying is to simply use an acca generator because, after the first match is over, you can simply enter whether the first selection was a win or a loss. The calculator will tell you how much you need to stake at the betting exchange. Additionally, you will need to manually enter the odds provided by the betting exchange, where you and the generator will calculate how much stake you need to wager at the exchange.
The second step in learning how to make money betting with sequential laying comes after the second match is over. Again, you will enter whether the previous selection won or lost and lay against the following selection with the amount calculated by the acca generator. This process repeats until you lose twice at the bookmaker because, at that point, you will not be eligible for an acca insurance promotion.
In this case, you will land a profit at the betting exchange. In case all five of your selections win, you will make a profit at the bookmaker. However, if you miss on only one selection, you will win the acca insurance promotion. These acca insurance promotions often come in the form of a free bet you can use with one of the profitable football betting strategies we mentioned earlier — matched betting and secure profit.
Use Whatever Help You Can
Apart from tools like accumulator generators from Oddsmonkey, you can use many other resources that can either make your betting experience significantly easier or help you make a profit.
Learning how to make money betting on sports is much more than just knowing all there is about the sport, and one of the essential tools every punter should use is a website like Oddschecker. As the name suggests, this site checks for odds at the biggest bookmakers, which is extremely useful if you are shopping around for the best odds.
Moreover, if you use strategies like value betting, comparing odds by using Oddschecker can save you hundreds of hours in the long run.
Additionally, another way to learn how to make money betting online is to follow professional tipsters. These tipsters use their expertise to make predictions, which they then share on platforms like Tipstrr or Smart Betting Club.
If you decide to go about this way, you should expect to pay a fee for the information. Although you can find free tipster websites, the ones that charge a fee generally allow only vetted punters to post predictions. In other words, your money is buying you the services of tipsters with a proven record who offer a significant return on investment.
Bet on the Most Profitable Sport
The last bit of advice we have for you is to look for the best value when betting. Even if the difference in odds doesn’t seem high enough, it adds up if you bet often. If you put things on paper, you might realise that taking worse odds will cost you a lot of money in the long run.
However, before looking for the best odds or the best markets, you should simply pick the most profitable sport to bet on. In today’s time, punters consider football one of the most profitable sports for betting, and one of the main reasons for it is that football is the most widespread sport on the planet.
We’ve already mentioned that the more you know about a sport or a match, the easier it is to make a bet. Moreover, with football’s popularity, virtually all the information you need about a match is at your fingertips. For that reason, football is regarded as the best sport to bet on.
In addition to football, eSports is the second most profitable sport to bet on. The main reason for it is that eSports is the opposite of football. Granted, while eSports has immensely increased in popularity over the past several years, it is still the newest form of sport.
This means that experts who analyse and provide the odds for bookmakers still have a long way to go before mastering this newest betting industry and correctly calculating the odds, which allows you to capitalise by using the good eSports odds to your advantage.
Of course, as always, make sure to remember that learning how to make money betting on sports begins with research, so gather as much information as you can about the sport and the markets you are betting on before placing your wager.
Learning how to make money from betting won’t happen overnight. Not only will it take time, but you are guaranteed to lose some bets as well since strategies like arbitrage betting or matched betting are not always applicable. After all, even professional tipsters don’t have a 100% success rate.
As we already mentioned, upsets tend to happen, and it is important to have a proper bankroll so that you can recover and profit from betting in the long run after suffering a bad beat.
However, now that we’ve shown you how to make money from betting, we are positive that you will significantly improve your odds of placing good bets and making a profit as long as you do your research, use proven betting strategies, and manage your bankroll properly.