Most sports bettors dream of finding betting systems that make money. A system that could churn out profits on a regular basis. But do such betting systems even exist?
Betting Systems That Make Money Long Term
I have been betting and trading for a long time. In the beginning I tried all types of betting systems. There were progressive staking systems on the over 1.5 goals market. I used the martingale system with a stop loss on roulette. All types of silly systems are available online and the truth is barely any will make money long term.
So what does make money long term?
Well thankfully there are some betting systems and strategies that will make money in the long run. The key is to stack the odds in your favour and look for value in every bet you make. I am currently using multiple value based strategies in my 50k in a year betting challenge.
What is value betting?
Value betting is a pretty simple concept. You use sharp bookmakers (those that don’t limit winning players) as an indicator for value. What I mean by this is that if the bookmaker Pinnacle is offering Man Utd at 2.0 to beat West Ham. Whilst Stan James has Man Utd priced 2.15 for the same game. We can estimate that Stan James are offering us a value bet.
Why is this?
This is because Pinnacle have big betting limits and don’t stop winning players from betting. Stan James are likely to limit or ban any players that show an intention of making a long term profit. This means that winning sports bettors are forced to use bookmakers like Pinnacle or betting exchanges. Effectively we follow the sharp money in the market and take advantage of soft bookmakers.
The team behind the value betting software Trademate Sports has done some extensive research on this. It has been proven to be a profitable betting system over a large sample of bets. The exception to the rule seems to be tennis betting, so be wary of using this betting system on the tennis markets.
For a more in depth article on value betting. Read here.
Matched betting is gaining momentum each day and if you wait too long to get on board. You might miss a really good opportunity to make money.
Bookmaker bonus offers and promotions offer a consistent and extremely low risk way of making money. There are multiple bookmakers all looking to entice customers to bet with them. Matched betting exploits this and can be a very lucrative second income.
I myself consistently use matched betting to make a profit. It is fairly straight forward and a really good way to build a betting bankroll.
Here are a list of matched betting website reviews if you are looking at joining a matched betting service.
How can I make money with advantage gambling?
So we have looked at how to make money from sports betting. Also how to take advantage of bookmaker promotions to guarantee low risk profits. Now lets look at making money from casino games.
Most casino games are solved. We know that even by playing optimal strategy that games such as online blackjack will always be a losing proposition. However when casino promotions and bonus offers are introduced this sometimes flips the advantage to the player.
This is known as advantage play or advantage gambling. It is playing a game with a mathematical edge.
Think of it this way. If a friend wanted to bet on the toss of a coin. They decided to pay you £1 every time it landed on heads and you paid 50p every time it landed on tails. You know in this situation that this is going to be very profitable for you.
Advantage gambling is the same concept. You keep putting yourself in these profitable situations and over a large sample size you will make money.
What betting systems should I avoid?
There are a lot of progressive staking or loss recovery systems that are often advised. Basically these involve increasing your stakes after every loss to recover previous losses. These types of systems are often a good way to lose a lot of money.
If you are not consistently finding value in your selections then no type of staking method is going to make you profit. Often these staking systems build a false sense of success. And when a losing run occurs it wipes out your entire bankroll.
When you find someone advising a progressive staking method you should always question why they are suggesting it. As referenced in why social media tipsters want you to lose they may have ulterior motives.