5 Ways To Make Money Gambling Online

Make Money Gambling Online

Is it really possible to make money gambling online?

Yes it is! There are multiple ways in which in you can make an income from gambling online.

How do I know this?

For the last 67 months I’ve been documenting my profit and loss using various strategies to gamble online. In that time period a total profit of £161,942 has been made.

Make Money Gambling Online

Let’s take a look then at the various ways you can make money gambling online.

Sports Betting

Number one is online sports betting, this is an area where if you take the correct approach there are plenty of opportunities to make a profit.

What’s the correct approach?

The easiest way to make money from sports betting is by taking advantage of bookmaker promotions and offers. This is a very simple way to make a profit.

Bookmakers are always looking to attract new customers, because of this they sometimes offer a tasty bonus when you sign up. This is usually in the form of free bets.

For example Bet365 will give you £50 in free bets once you have signed up and placed a £10 bet. By using using a strategy known as matched betting we can cover all outcomes of an event to make a small loss on the initial £10 bet. Then do the same to guarantee a profit on the £50 bet.

Bet365 Offer

Poker

Next up on our list is the great game of poker.

Poker differs to most casino games in that you are playing against other players and not directly taking on the casino. Most casino games are rigged to favour the casino long term however in poker this is not the case. Poker is a game of a skill and skilled poker players can make a lot of money playing online.

Dan Cates

Daniel Cates for example is an American poker player that has made over $11 million in profit playing online poker. According to the high stakes poker database Phil Ivey is another individual that has done very well playing online poker. Ivey’s estimated winning are thought to be over $20 million.

If you are looking for a casino game that you can actually make money from, poker is an obvious choice.

Casino Offers

Coming up 3rd on the list is taking advantage of casino offers.

Similar to to bookmakers, casino’s are often willing to offer loss leaders as a way to entice new customers. They will also offer recurring bonuses to existing players in order to get them back in the casino gambling.

Shrewd casino players can take advantage of this. By only playing games when there is some form of bonus or cashback on offer. A casino player can flip the mathematical advantage that the casino normally has over to themself.

William Hill Casino Offer

This is a very good way to make money gambling online and is something that many people are doing to make an extra income

If you would like to learn more about how take advantage of casino offers, we have written an in depth guide which is linked at the end of this article.

Sports Betting Arbitrage

The 4th way to make money gambling online is using sports betting arbitrage.

Sports betting arbitrage occurs when different bookmakers are offering the opportunity to cover every outcome of an event and lock in a small profit. This can be due to bookmakers having a difference of opinion or bookmakers being slow to react to new information entering the market.

Let’s take a look at an example of what an arbitrage bet looks like.

Sports Arbitrage Betting

In the image above you can see we have a football game between Cimarrones and Correcaminos.

William Hill are offering over 2.5 goals at odds of 1.89 and Bet365 are offering under 2.5 goals at odds of 2.2. This is a 1.6% arbitrage bet.

By placing bets on both over 2.5 goals and under 2.5 goals a profit of £3.33 is locked in using a total amount of £200. This is the beauty of arbitrage betting, no matter the outcome of the event a profit will be made.

Lottery – Luck

Last on the list is luck!

Now obviously luck is not something that you should rely on if you are looking to make money gambling online. The first four strategies that we outlined are much more reliable and proven to be profitable with the right approach.

Huge Casino Win

However we have all heard the stories of people hitting a jackpot online or winning the lottery. If you are a recreational gambler that enjoys betting but doesn’t want to treat it like a business. That’s absolutely fine but you will be relying on luck and landing a big one time win.

That being said if you utilize casino offers and advantage play. Then you may be able to play casino games with a positive expectation and still be in with a chance to land a big jackpot.

5 Ways To Make Money Gambling Online – Conclusion

In this article we have covered multiple ways to make money gambling online.

Depending on your own preferences there are several different options.Want an extremely low risk and easy way to profit then take a look at profiting from bookmaker bonuses (matched betting).

Fancy yourself as a bit of a mathematical whiz that enjoys a challenge? look at learning poker. Can handle losing runs and variance? Casino offers can offer a long term solution to making money from gambling online.

We have in-depth guides for all of the strategies discussed in this article. If you want learn more about any of them click on the links below.

Matched Betting Guide (Sports Betting Bonuses)

Arbitrage Betting Guide

Casino Offer Guide (Advantage Play)

4 Basic Sports Betting Tips for Beginners

At first glance, sports betting seems like it might be an easy and quick way to earn some money.

After all, you just have to choose the winning side and the profit is yours right?

Unfortunately, the reality of sports betting is not that simple. In fact, beginners regularly make common mistakes that greatly contribute to losing bets. To help you make you you don’t suffer the same mistakes, below you’ll find some of the best beginner-friendly tips that can help your sports betting efforts!

Never Bet Under the Influence!

In movies, characters who go to casinos often do so while drinking. You might here a friend tell the story of how they turned £100 into £1000 whilst playing blackjack drunk.

Drinking alcohol and betting on sports is a bad combination.

Why? Whilst under the influence of alcohol, you’ll lose the ability to see the long-term effects of your actions.

Basic Sports Betting Tips

Alcohol lowers inhibitions and enhances your emotion. Whilst usually you might only bet £10 a game for a bit of fun. When the alcohol kicks in that might increase to £30 a game, a losing streak might infuriate you to the point of betting much more then you can afford.

If you really want to make smart bets and make your sports betting profitable. Staying away from alcohol when sports betting is one of the most sensible things you can do.

That’s why it is so crucial to be sober when placing bets on various sports. If you want to drink something during your daily sessions with a bookmaker like UFABET Sports Betting , get some tasty tea or a cup of steaming-hot coffee to sharpen your senses.

Have a staking plan

Before you even place a bet, you should have a good idea of what your bankroll is and what you staking plan is. One of the big differences between professional sports bettors and losing sports bettors in a discipline.

Before you start, you should consider how much money you could lose and not feel emotionally crushed by the losses. Losses in sports betting are inevitable. Most long-time players advise not to place individual bets above 2% or 3% of the total sum that you could spend on sports betting.

Check out our article on staking plans and find the best sports betting staking plan for beginners.

Learn To Control Your Emotions

Although it seems silly, many beginner sports bettors feel almost personally attacked when they lose a bet. The referee is against them, the players are having their worst game ever, the weather has made the pitch unplayable. Some sports bettors believe they are cursed and become quick to blame their losing bet on anyone other than themselves.

Sports Betting Tips

They react emotionally, and place riskier bets, ignoring the fact that only they can be blamed for their poor decisions. There are no Gods of Sports Betting against whom you could seek vengeance. It is understandable that you might feel sad or annoyed if you lose money, however this the reality of sports betting.

It is vital to understand that losses are part of sports betting and that is ok!

Sometimes you win, and sometimes you lose. Learn to accept that things won’t always go according to plan. If you are feeling frustrated or angry with your betting take some time away from the screen.

Go for a walk, get out of the house and wait until

Bet With A Strategy

In the short term it is possible to win money with sports betting by placing bets on a whim, however to do it long term usually requires a solid betting strategy. Strategies such as matched betting, arbitrage betting and value betting are all proven to work.

Value Betting Results

If you are betting for fun, sure trust your intuition and place a small bet. Long term winners in sports betting however are usually using mathematical models or following the market to find value bets.

Other factors that you may want to consider are weather conditions, injuries to players, market overreactions to previous results. There are many factors that contribute to making the odds of a sporting event. Some factors however may be over looked?

Conclusion

Sports betting can be a great way to have some fun and potentially earn some money. However, as with any other type of gambling, there is always a risk involved. To minimize your losses, and increase your chances of winning, make sure to keep the tips from this article in mind!

How To Make Money Betting On Sports

Sports Betting Results Monthly

It is a well known fact that the majority of people that bet on sports lose. It is estimated that the number is around 95%.

How then do you become part of the 5% that actually make money from sports betting?

On this blog we have been running a sports betting and trading challenge detailing the results each month. Over a period of 66 months a profit of £162,252 has been made.

Make Money Betting On Sports

In today’s article we are going to breakdown what’s been working over that 66 month period. Looking at how you can become part of the 5% that make money from betting on sports.

Profit From Bookmaker Promotions (Matched Betting)

One of the easiest ways you can start to make money betting on sports is from taking advantage of betting promotions.

There are numerous sign up offers available that you can make quick profits from. After you have completed all the sign up offers that are around you can then start to make money from recurring promotions.

Matched Betting Strategy

Above is an example of the type of offer that you can use to make a quick and easy profit. After your initial £10 bet has been placed. 888sport will hand you £30 in free bets and a £10 casino bonus.

By using a process known as matched betting you should lock in a profit of around £24 from this offer. Matched betting is the easiest and lowest risk strategy to start making money from betting on sports.

Want to learn more!

Click Here For Our Guide To Matched Betting

Arbitrage Betting

The next strategy is one that compliments matched betting very well. This is a low risk and profitable strategy called “arbitrage betting.”

Sports betting arbitrage involves covering every outcome of an event in order to guarantee a profit.

Sounds almost too good to be true right!

Sports arbitrage betting does work, it is a strategy that is commonly used by those looking to profit from sports betting.

Let’s take a look at an example.

Arbitrage Betting Strategy

In the above image you can see there is a tennis match starting in around an hours time.

Pokerstars are offering the player Casanova at odds of 2.4. Her opposition Acosta is available to bet at odds of 1.8 with Starsports.

Staking £86.14 at odds of 2.4 will return £206.74.

Staking £114.86 at odds of 1.8 also returns £206.75.

No matter which side of the bet wins a profit of £5.75 is secured due to the combined odds making an arbitrage bet.

(206.75 – 86.14 = £120.61)

(206.74 – 114.86 = 91.88)

Why doesn’t everyone do this and become very rich from sports betting?

Is a great question!

Unfortunately bookmaker’s don’t tolerate winning sports bettors over the long term. Whilst you can make good money from sports arbitrage. Once a bookmaker realizes that you are doing it they will cut off your limits or close your account.

Sports betting arbitrage is a great short term way to make money betting on sports. But it should be noted that it isn’t a long term option unless you can constantly create new betting accounts.

Interested in arbitrage betting!

Click Here For Our Guide To Sports Betting Arbitrage

Tipsters

Finding profitable tipsters and using their selections to make a profit is a strategy that you can use. There are all manor of betting tipsters available on the internet.

Many of these tipsters are not profitable, in fact a large number are affiliates for bookmakers and profit from referred players losses. Which means they are incentivized to provide losing tips.

There are however some tipsters that have proven to be long term winners. Below is a list of articles where we have highlighted some of the best free and paid tipsters available.

Best Tennis Tipsters

Best Basketball Tipsters

Top free football betting tipsters on Twitter

Chasing Steam (Value Betting)

Chasing steam is a strategy that looks to take advantage of slow moving bookmakers. When money is coming in on a selection with sharp bookmakers this is usually an indicator that the bet has value. Betting these selections at slow moving bookmakers yet to update their odds is a very profitable betting strategy.

Value betting or “chasing steam” is a very simple strategy that has a lot of data backing it up. Simply by monitoring sharper bookmakers and betting exchanges, you can find value with other bookmakers.

Let’s take a look at an example!

Trademate Betting

In the example above Bet365 have Venezia at odds of 3.5.

The sharp bookmaker Pinnacle has Venezia priced lower at odds of 3.23. Which according to the value betting software highlighting this selection is a 4.55% edge.

By consistently backing odds at slower moving bookmakers Bet365, William Hill, Unibet for example. You are able to make money betting on sports long term.

Click Here For Our Guide On Value Betting

Boosts And Extra Place Terms

Next up on the list is another strategy that is very profitable and easy to implement. Bookmaker’s frequently offer boosted prices and extra place terms.

These boosted prices can be worth taking when they above bookmakers or betting exchange prices.

Betting Boost

Above you can see that Skybet have boosted the price of England to win the T20 world cup to odds of 4.5. At the same time this is priced at 4.2 with Betfair.

Make Money Sports Betting

This is a clear value bet due to the difference in odds.

Taking advantage of these bookmaker boosts for either value betting or arbitrage betting can be very profitable.

Extra Places

There are also sports such as horse racing and golf where bookmakers will offer extra places. When the odds between bookmakers and the betting exchanges are close, having an extra place can be very valuable.

Historical Data

There are some sports bettors that build profitable betting systems using historical odds data.

Cassini is a popular sports betting blogger that is noted to use historical odds data in order to find profitable strategies. Another advocate of this approach is Ian Erksine from FTS Income.

Make money betting on sports

Finding area’s that historically look like they offer value is a great approach. One that can be built on and is especially useful for those that have been limited or banned by most soft bookmakers.

You can find free football odds data here

How To Make Money Betting On Sports – Conclusion

In this article we have covered 6 different way to make money betting on sports.

Matched betting and arbitrage are an ideal way to make a low risk income from sports betting. They are very easy strategies to use and can open your eyes to opportunities that there are in the sports betting markets.

For the more advanced sports bettor that has already made use of bookmaker promotions. Value betting is a strategy that you should really be considering.

If you are an expert sports bettor that has already made decent profit but has found themselves limited and unable to get money down with soft bookmakers. Delving into historical odds and looking for profitable angles to use on the betting exchanges and sharp bookmakers, is something to consider.

Our advice is to take a look at Oddsmonkey which offer software for matched betting, value betting, boosts, casino offers extra places and much more!

 

OddsMonkey

Best Staking Strategy For Sports Betting

If you want to make money long term then it is vital you find the best staking strategy for sports betting. Most importantly finding a strategy that you understand and suits your risk level.

In this article we are going to take a look at several different sports betting staking strategies. Identifying which is the best strategy to use based on your experience level and what you are trying to achieve from your sports betting.

Alright let’s get into it!

Best Staking Strategy For Sports Betting

 

Level Staking

We are going to start off with the most simple staking strategy you can use for sports betting.

Level staking is a simple strategy were you bet the same amount of money for every selection. For example you may choose to bet a set amount of £100 per bet. You then stick to betting this amount for every bet whether the previous selection win or lose.

Level staking is a good strategy to use for beginners due to its simplicity. The problem with level staking however comes when you are backing at different odds.

level Staking strategy

If we are betting £100 on a selection that is odds of 2.0 (£100 to win £100). Then the market is saying that we have a 50% chance that our bet is going to win. The next bet we like however is odds of 4.0 (£100 to win £300.) which only implies a 25% chance.

Drawbacks of Level Staking

This is where the problem lies with level staking. Due to the lower win probability at higher odds, we risk long losing periods using level staking and increased variance.

Which can put our bankroll in danger.

Level staking is great if you are consistently betting at around the same odds for each selection. It is ideal for the Asian Handicap market where you might be backing close to evens each week.

The simplicity makes it ideal for beginners however the draw back is when you are betting at various different odds ranges.

Which brings us on to the next staking strategy.

Stake To Win

The next sports betting staking strategy is a personal favorite and ideal for those who are getting to grips with sports betting.

Stake to win is a strategy that involves staking to win the same set amount for every bet.

Let’s say we are looking to win £50 every time we place a bet. We can bet at various odds ranges and adjust our stake so that should the bet win, our profit will be £50 each time.

  • 2.0 – Stake £50 to win £50
  • 3.0 – Stake £25 to win £50
  • 5.0 – Stake £12.50 to win £50
Stake to win Strat
Example from a lay strategy where £50 was the target to win for each bet.

It is an ideal strategy when you are betting at variable odds or placing lay bets. The major benefit of this strategy is again its simplicity and sensible staking should avoid large volatility in your results.

In comparison to level staking where a run of losers at higher odds could ruin your bankroll. The stake to win a set amount strategy makes losing runs much easier to deal with.

Martingale System

The Martingale system is a popular staking strategy among many bettors.

In fact I was once at a friends wedding and got introduced to someone. The subject of betting came up and let’s call him “John” told me about this amazing system he had used to make thousands from roulette.

He explained to me how the Martingale system worked.

Now before you get excited John was either lying or had gotten very lucky as Martingale is a mathematically flawed strategy that will likely send you to the poor house.

Due to its popularity though it is something we should cover.

Martingale Example

The martingale system is a staking strategy that involves doubling your stake after every loss. When a winning bet occurs you revert back to your original stake.

  • Bet £10 at odds of 2.0 it loses, move on to the next bet.
  • Stake £20 on the bet it loses again
  • Next bet is £40, another loss
  • £80,£160,£320,£640,£1280

You can start to see why this strategy is so dangerous. Losing runs do occur even with a solid long term winning strategy you can go through some pretty bad losing periods.

Even when looking to win only £10 per bet, It only takes 7 loses in a row for the next bet to be £1280.

In order to win £10!!!

Martingale Strategy

Martingale is not a strategy you should ever consider using seriously in betting. The risk vs reward of using this strategy is pretty terrible and even the best sports bettors in the world go through losing periods.

It is much smarter to accept that you will go through losing runs. However if your sports betting strategy does have an edge you will win long term!

Kelly Criterion Staking Method

On to Kelly staking which is a favorite of many professional sports bettors. It is however a strategy that is suited to the more experienced sports bettors. Who has a good understanding of what their edge in the betting market is.

The Kelly Criterion is a variable staking method that takes into account the probability of a bet and the implied edge. As the implied edge becomes bigger the suggested bet size also increases in relation to the odds.

Sounds complicated right?

Although it lacks the simplicity of stake to win or the level staking method. The Kelly Criterion isn’t as complicated as it sounds. Also there are a lot of Kelly staking calculators available online that do the hard work for you.

Kelly Staking Calculator

Kelly Staking Calculator Link

Using the calculator above or a similar, makes using the Kelly Criterion for sports betting accessible to anyone.

Kelly Criterion Formula

Stake = ((Decimal Odds x % Estimated Win Probability) – 1) / (Decimal Odds – 1) * 100

Stake = Optimal size of stake

Decimal Odds = Odds offered by bookmaker or exchange

% Estimated Win Probability = Estimated probability of bet winning

Negatives Of Kelly Criterion Staking Calculator

The Kelly Criterion is often seen as over aggressive and risky due to its high level of suggested staking. Many professional sports bettors suggest using a 1/2 or 1/4 Kelly. Which is a much lower risk and more suitable for sports betting.

The other drawback of the Kelly criterion is that you need to be able to identify your edge in the market down to a specific probability.

Trademate Kelly Staking
Value betting software Trademate uses Kelly staking

Fibonacci Staking

The Fibonacci staking system works by increasing your bet size after every losing bet. It is a negative progression system much like martingale.

Next up is the Fibonacci staking system which much like the Martingale system is used on bets around evens. The Fibonacci system was designed to help bettors recuperate their losses. Again however it is viewed as a mostly flawed system for sports betting due to its staking progression.

Whilst not as aggressive as the Martingale system, long losing periods using the Fibonacci system would suggest staking thousands to win £10.

In the Fibonacci sequence, every new number equals the sum of the previous two numbers. Let’s start at staking £10 to show how the sequence would work.

  • Bet 1 = £10
  • Bet 2 = £10 (to recuperate £10 lost)
  • Bet 3 = £20 (£10 +£10)
  • Bet 4 = £30 (£10 + £20)
  • Bet 5 = £50 (£20 + £30)
  • Bet 6 = £80 (£30 + £50)

Much like the martingale system, the Fibonacci system is not for the serious bettor. Whilst you will make lots of small profits, there will always be the one long losing streak which will wipe out your bankroll.

It is a popular system among casino bettors, however it is not advisable to use this strategy if you are serious about making money from sports betting.

Best Staking Strategy For Sports Betting – Conclusion

What is the best staking strategy for sports betting?

 If you are a beginner beginners then staking to win a set amount is a great strategy to use. It is very simple, lowers the volatility that betting at variable odds can bring and is easy to implement.

If you are a successful sports bettor then it is also a staking strategy that is easy to scale up. Perhaps you start betting to win £50 initially.

Doubled your bankroll?

You can now start staking to win £60, When your bankroll increase so does the amount you aim to win. If your bankroll decreases you can always lower the amount you are staking to win.

For the advanced sports bettor. Who understands what their edge is and has proven to be profitable over a large sample size of bets. Look towards 1/4 or 1/2 Kelly staking.

Overall the best staking strategy is the going to be the one that suits you. Its the strategy you are comfortable with and confident in implementing!

Useful Article – How To Make £100 A Day From Sports Betting

Make £100+ A Day From Sports Betting

Oddsmonkey Boosts

How do you make a £100 a day from sports betting?

Is this even possible!

On this site for the past 5+ years I’ve been documenting my progress in the sports betting markets. In an attempt to make a total of £1,000,000 profit.

Over a period of 65 months a profit of £161,119 has been made. Which is pretty far off a million but still shows that money can be made with the right approach.

During 2022 a profit of £34,406 has been made after 265 days.

Make £100 a year Sports Betting

If we break that down. This works out at £129.80 a day (£34,406/265).

In today’s article we are going to take a look at the strategies used to make over £100 a day. Starting with the easiest strategies that you can use, then moving on to more advanced ones.

You won’t need to use all of these strategies, some of the simplest strategies can be very profitable and scaled up to make over £100 a day. However it is best to cover them all, as its always good to have multiple ways to profit from the bookmakers in your back pocket.

Matched Betting And Arbitrage

Like taking candy from a baby!

These strategies are without doubt the easiest way to make money from the world of sports betting. In fact in all my years of trying to make money online. Matched betting is the easiest method I have found to make tax free income online.

Bet365 Sign Up Offer

 

Alright so after that build up what exactly is matched betting?

Matched betting uses bookmaker offers and promotions to consistently secure very low risk profits. From matched betting you can expect to make anything from a few hundred pounds to potentially thousands

Matched Betting Offers
Snippet of a few sign up offers on offer.

Matched betting example

Let’s use the Bet365 sign up offer as example.

This is one of the best offers that is available at the moment!

You have to bet £10 to receive £50 in bet credits. Let’s take a look at a very low risk way of taking advantage of this offer.

Which will guarantee a profit of around £44 to put in your back pocket.

The first thing we want to do is find a bet on Bet365 that is similar odds to that of a betting exchange. (Betting exchanges allow us to place a lay bet which means that we act like a bookmaker. Laying essentially let’s us bet on two outcomes.)

Bet365 Offer

In the example above I have used a matched betting calculator to give you a clear indication of how this works. By betting our initial £10 on Mansfield at 2.05 and then laying it on Smarkets  at 2.04.

No matter the outcome we will stand to lose £0.06. When this bet settles Bet365 will hand us a £50 free bet, which if we just bet with on its own would make this offer worthwhile.

What we can do however is use a similar backing and laying approach to guarantee we end up with a profit.

Elanga Premier League Bet

Now again we look for odds that are similar on Bet365 and on the betting exchanges.

In the above image you can see I found Elanga to score the first goal at 11.00 to back with Bet365 and 11.00 to lay with Smarkets. By covering both outcomes a profit of £44.60 can be locked in from the free £50 bet.

This is why matched betting is an incredibly powerful strategy to use!

It is low risk and the easiest way to start making money from sports betting.

Arbitrage Betting Example

Let’s move on to arbitrage betting which is similar to matched betting in that is very low risk. Arbitrage betting however doesn’t use offers and promotions.

Profit is made when there is a difference in the odds between a bookmaker and exchange which allows us to back all outcomes to generate a small profit.

Arbitrage Example

Here is an example of a good arbitrage bet.

Sportnation are offering Burton at back odds of 2.3 and Burton are also available to lay at odds of 2.18.

Whenever you can back a selection at bigger odds then you can lay, a profit can be made! (Much like buying a stock and selling it at a lower price.)

Make £100 a day sports betting

Plugging this in to an arbitrage calculator. You can see a profit of £5.50 could be locked due the difference in back odds and lay odds.

Matched betting and arbitrage are great strategies to get started with!

We recommended taking up a free trial with Oddsmonkey by clicking here if you want to get started now

If you want to learn more we have two in-depth guides on both matched betting arbitrage below.

Matched Betting Guide

Arbitrage Betting Guide

Exploiting Casino Offers

Next up we are going to look at exploiting casino offers to make long term profits. Not exactly sports betting however many bookmakers also offer a casino and it is worth knowing how to exploit profitable bonus offers.

It should be noted that this is a level of risk that is higher then matched betting and arbitrage. Exploiting casino offers however be very lucrative!

Bonus Accumulator Results

How exploiting casino offers works.

We can make money from casino offers and bonuses. When the offers flip the advantage from the casino to the player. This happens because casino’s are willing to lose money initially on these offers in order to recoup it from long term gamblers.

If we only choose to play when the advantage is flipped over to us. Then we will win long term!

Below is a video where I walk you through an offer and explain why it is profitable.

If you want to learn more about how to exploit casino offers read out guide below.

Casino Offer Guide

Value Betting

If you are fairly new to sports betting, initially you would be better off sticking with the first 3 strategies. Using these first 3 strategies you should be able to make your first £1000 or more from sports betting.

Those that choose to multi account can push these strategies to the £100 a day profit mark. (Below is a video explaining multi accounting for those that are not familiar with it.)

Moving on to more of an advanced method.

Value betting uses information from betting exchanges and sharp bookmakers to highlight when slower moving soft bookmakers are offering value.

We can find value bet using a number of different ways however the easiest way to find value bets is by comparing bookmaker’s odds to the odds of a betting exchange.

Bookmaker’s frequently boost prices, now sometimes these “odds boosts”are basically fictional and the “boosted” prices offer no value at all. On other occasions however these boosts can be very profitable.

These are great value bets as indicated by the betting exchanges.

Oddsmonkey Boosts

On Oddsmonkey they have a community forum where value boosts are highlighted.

In the above image you can see Joe Joyce to win by KO (boxing) was boosted to odds of 5.0 whilst it was a lay price of 4.4 on Betfair. Unibet had also boosted Ronaldo first goal scorer to odds of 5.0 whilst he was 4.5 on the Smarkets exchange.

There is a lot of data that shows consistently backing at odds greater then the betting exchange prices is profitable long term. Value betting is one of the key strategies I use in today’s markets and it is very profitable.

Value Betting Results

Interested in learning more about value betting. We have a guide which can walk you through multiple different ways to find value bets.

Value Betting Guide

Betfair Trading

Lastly we are going to take a look at Betfair trading.

Out of all of the strategies this is probably the hardest one to master. There are so many options with exchange trading that people often get lost in the shuffle.

Moving from sport to sport, strategy to strategy. Then ultimately becoming so frustrated by it that they abandon it completely. Citing that it is impossible to make money from trading on the betting exchanges.

Pre Match Trading

It is far from impossible but it isn’t easy either. You have to be prepared to spend some time learning the markets and gaining experience.

Let’s take a look at my favorite Betfair trading strategy that is suitable for beginners!

Pre Event Trading

One huge advantage of the betting exchanges is that you can trade betting odds. By backing and laying prices (or laying then backing) you can lock in a profit before the game has even begun.

In the video below I explain pre event trading and show 3 different approaches that you can use to tackle the markets.

  • Team News
  • Managerial Changes
  • Midweek Performances
  • Injuries
  • Market Patterns
  • Weather Conditions

There are many different factors that affect the price of a sporting event. By gaining an understanding and experience in the markets, you can use this information to profit from pre event trading.

Make £100 A Day From Sports Betting – Conclusion

In this article we have covered five different profitable betting strategies. Using these 5 strategies I have been able to make over £100 a day from sports betting.

It is fair to say however that don’t need to master all of these strategies to achieve that level of profit. In fact there will be many people that have far exceeded the profit I have made from sports betting using fewer strategies.

The information in this article gives you multiple options and approaches that should enable you to make money from sports betting.

For the majority of people I would suggest using a tool such as Oddsmonkey. Start making money from matched betting, arbitrage, casino offers and value betting. Building up that bankroll and then look towards Betfair trading

What are you waiting for go make that first £100 in a day!

OddsMonkey

Value Betting Guide 2022 – How To Win At Sports Betting

Value betting or finding value in the sports betting markets, is the only way to make money long term from sports betting.

In this article we are going to look at one of the best methods for finding value in the sports betting markets. Whether your betting football, tennis, horse racing, NFL, boxing.

You name the sports, value betting works!

One of the big benefits of this method is that it allows you, to get a large amount of volume through the markets. Whilst having a consistent edge. 

This method is also very easy to understand.

Guide To Value Betting - How To Win At Sports Betting

Value Betting Explained

First off what is value in the sports betting markets?

Quite simply getting value in the sports betting markets is backing something that is estimated to have a greater chance of happening then the odds indicate.

Lets look at a simple example.

Man United are priced at 2.0 (indicates a 50% win chance) against Everton at home.

The best betting syndicate in the world estimate that Manchester United are actually a 55% win chance. 

Meaning they believes that Manchester United’s true odds should be 1.82.

This means odds above 1.82 are deemed to be value, with odds of 2.0 being extremely good value.

If you are consistently betting odds that are priced higher then there true probability, you will make money long term.

However the hard part of finding value in the sports betting markets is coming up with a true estimation of what the odds should actually be.

Some of the biggest betting syndicates in the world have hundreds of people working for them. Analyzing every bit of data available to them in order to make profitable bets.

In this article we are going to look at a proven method for finding value in the sports betting markets. This method allows us to mimic the bets made by these successful betting syndicates.

(If you prefer to learn via video. This method is also detailed in the youtube video below with an example of a value bet)

Sharp Bookmakers And Exchange Method

One proven way to find value in sports betting is by using sharp bookmakers and betting exchanges as an indicator for value.

Professional bettors separate bookmakers into two categories.

Sharp and Soft.

A soft bookmaker is one that does not want professional bettors, they only want losing recreational players that they know in the long term will make them money.

This is why some bookmakers close players accounts or limit their betting stakes to very small amounts.

Sharp bookmakers allow winning sports bettors to bet with them. They let sharp bettors influence their odds movement and rely more on profiting from the turnover they get from the betting markets they provide.

Betting exchanges follow a similar model charging on a commission basis and allowing professional punters to bet with them.

This means that professional sports bettors bet at sharp bookmakers.

Soft bookmakers often imitate the movement of sharp bookmakers and betting exchanges. However they are slower to adjust their betting odds.

This method of value betting takes advantage of this.

Value Betting Strategy 

If you follow the money from the sharpest sports bettors in the world then you are going to make money from sports betting.

That is the essence of this strategy.

Consistently beat the closing odds of sharp bookmakers or betting exchanges and you have yourself a winning betting strategy.

This is known as “value betting” but is also sometimes referred to as “steam chasing”

Now you probably have heard of several betting systems or strategies that sound good in theory but don’t actually work.

This isn’t just a gamblers fallacy, there is a lot of data to back up this strategy.

Here are the statistics from a company called Trademate which provides software for value betting.

The software constantly scans the sharp bookmakers and highlights when a soft bookmaker is offering higher odds then them.

It calculates if there is value after the betting margin is taken into account and if it is value then it highlights these bets.

You can see that after 2,361,157 bets.

The total profit made by Trademate customers is £4,174,180.

Rebelbetting Value Betting

Another company called Rebelbetting uses a similar strategy.

Again using the odds movement from sharp bookmakers to highlight value bets at the soft books in order to beat the sharp bookmakers closing odds.

Their data showed that the average user was able to double there initial investment with value betting strategy after 3 months, placing 30 bets a day on average.

Lastly I will include some data from a website called bookie bashing.

This site also looks at the odds of betting exchanges and sharp bookmakers to highlight value bets at soft bookmakers.

Bookie Bashing focus on price boosts and accumulator boosts to find value in the sports betting markets.

Again the data shows how successful this strategy is with a profit of £11,445 being made after the first 1000 value bets.

My own betting also incorporates the strategy of following sharp betting money very heavily alongside using other methods.

Although this is not the only method I use, value betting has proved to be a very successful part of it.

 

Alright so we have looked at data from multiple different sources to show that this strategy really works.

Now lets take a look at an actual example.

Value Betting Strategy Example

Borussia Dortmund are taking on Bayern Munich tomorrow.

By using the odds comparison site Oddsmath.com.

I had a look at the current odds available and found a bet which is showing value according to current market prices.

Marathonbet are pricing Borussia Dortmund at 3.88 which is a stand out price compared to the rest of the market.

Value Betting Example

I took a look at what the current price was on Betfair Exchange which is a sharp market for football betting.

Betting exchanges will often mirror the prices of the sharp Asian bookmakers.

Value Betting Example 2

Betfair Exchange showed a back price of 3.8 and a lay price of 3.85. 

This is an strong indicator that currently the price of 3.88 that is currently offered by Marathonbet is indeed value.

Now obviously odds can change. They can drift in price and the bet is no longer seen as value. However they can also shorten in price becoming better value. 

Which is why a lot of bettors that use this strategy, wait until a few hours before kickoff to reduce the chances of the odds drifting out of their favour.

If you are able to constantly find odds that are consistently better then the Betfair lay price on markets with a high volume of money matched (such as Bundesliga.)

Then it is very likely you will make money in the long term.

Value Betting Results

Below are my latest results from value betting.

Running from 2021 to September 2022.

Value betting with soft bookmakers using the Trademate Sports software.

3801 bets – £5568 profit

Value betting strategies on Smarkets betting exchange (Also includes some trading)

£20,011 Profit

(Video proof in the video below.)

Value Betting Tips

So you can see from the above that this is a strategy that really works.

Here are a few tips to get the most from this method of value betting.

Value Betting Tips

Stick to popular sports with high liquidity

The first tip would be to stick to popular sports that have a lot of turnover.

For example the major European football leagues and big American sports. 

The reason for this is that these markets are seen as more efficient due to the large amount of money that is placed on these events.

There is also less likely to be manipulation of these markets as it takes much more money to change the odds of say a Premier League game, compared to the Romanian second division.

Another factor is that a soft bookmaker will likely allow you to bet for longer if you are placing value bets on popular sports. This makes you look like much more of a recreational bettor, rather then somebody that wants to make money long term.

Understand you might have losing runs

Although you are betting with an edge and will make money in the long term. It’s really important to know that at times you will go through a losing period.

If you want to avoid losing runs altogether then you can look at arbitrage betting where you lock in a guaranteed profit from every bet. However the flip side to this is that you sacrifice some value long term by placing a bet with a margin on the other side of the bet.

In theory you will make more money long term from value betting but arbitrage is a good option for the risk averse.

(You can read the ultimate guide to arbitrage betting below for more information.)

Bet closer to the start of an event

This was noted earlier, but the closer the start time to the event. The less likely the odds are to move out of your favour.

A strategy some value bettors take is to only place bets 2-3 hours before the start of an event.

Stake appropriately

One of the most important aspects of successful sports betting is to make sure you stake appropriately.

There a lot of different approaches to staking, some prefer to bet with flat stakes whilst others use a proportional staking strategy.

Most of the value betting software providers advise a staking using the kelly criterion. This staking strategy adjusts the amount of your bankroll you bet dependent on the perceived edge of the bet.

Here is a video from Trademate Sports owner discussing the two staking strategies.

Use Value Betting Software

The last tip would be to use Value betting software.

Although you can look for bets manually it can be very time consuming and you will miss a lot of value betting opportunities.

There are several different value betting providers.

Best Value Betting Software

Oddsmonkey

Over the years I have used a number of value betting services.

The first one that we will take a look at is Oddsmonkey.

Oddsmonkey is primarily a matched betting service however it also provides tools that can be used for value betting.

Oddsmonkey Value Betting

The oddsmatcher software highlights bets with bookmakers that are higher then the lay on a betting exchange. This is a good indicator that these odds are value at the time they are highlighted.

Oddsmatcher comes with a filter option which means you can select which bookmakers you want see value bets for. You can also select how close to the start time of an event a selection should be. So for example if you want it to only show selections that are starting withing 3 hours you can do.

Another positive for Oddsmonkey is they also provide extra place matcher and eachway matcher. Which are both software tools you can use for value betting on the horse racing markets.

Compared with other value betting software Oddsmonkey scans bookmaker odds at a much slower rate meaning that sometimes the value bet will no longer exists.

However it is also the cheapest value betting service at £17.99.

This is my recommendation for beginners and people fairly new to the world of sports betting.

(You Can Trial Oddsmonkey For Free Below)

 

OddsMonkey

Rebel Betting Value Betting Software

Next up is Rebelbetting.

Rebelbetting are a company that have been offering sports arbitrage software since 2008 and in the last few years started to offer a value betting service.

The software that Rebelbetting offer is a step up compared to Oddsmonkey. It scans bookmakers at a much faster rate and as such it provides a much higher volume of value bets.

Rebelbetting Value Bets

Rebelbetting offer mobile, web and desktop versions of their value betting software. Which enables you to make value bets pretty much wherever you are.

The software is very professional, when a bet is flagged there is a link that takes you directly to it. Which saves valuable time and means odds are less likely to change before you can bet them.

Rebelbetting Graph

Bets are then saved in a log which automatically updates whether your bet won or lost. 

The value betting software offered by Rebelbetting is aimed at the individual that is willing to put in time and volume.

As mentioned earlier it is a step up from Oddsmonkey and is suitable for someone that is serious about investing in value bets.

Value betting software offered by Rebelbetting costs £69 a month.

We managed to negotiate a really good deal for readers of Smart Sports Trader.

You can get a no strings attached 14 day subscription to Rebelbetting’s value betting software using the link below!

 

Trademate Sports Betting Software

Next up is Trademate Sports who are a company that offer the best value betting software in the industry.

Trademate Sports have created a lot of excellent content on how to effectively make money from bookmakers through their excellent youtube channel and website.

One of the most impressive aspects of the software is that it is constantly being improved.

As mentioned above it is very easy to use.

You set up the bookmakers that you want to use along with other metrics such as odds, time before event starts, sports.

Also whether you want to only search for value bets at high liquidity events or across all markets.

Trademate Value Betting

The Trademate Sports software then flags up any value bets that match the metrics you chose to use in your filter.

Trademate Sports allows you to have several feeds so you can create several different filters and use them at same time.

You can read our full review of Trademate Sports here.

The software currently costs around £108 making the most expensive software on the list.

It is aimed at someone that wants to take a professional approach to value betting.

I would recommend a starting investment of £2000 or more to use this software.

You can get a free 2 week trial of the Trademate Sports software below.

Quote “Smart Sports Trader” in the Trademate chat to get this deal once signed up

Conclusion

In conclusion value betting is an excellent strategy to use if you are looking to make money from the sports betting markets.

It has been proven to work by a number of reputable sources and allows you to make multiple bets on a daily basis with a positive expectation.

The strategy works because you are following the bets of some of the sharpest minds in the sports betting world.

If value betting sounds like a strategy that you want to try out or even if you are still on the fence.

We recommend you take up Trademate’s free 14 day trial and take a look at the results for yourself.

Click Here To Trial Trademate’s Value Betting Software

 

Make Money Betting Premier League Football Tips

Betfair Football Betting

The Premier League is renowned as being the most exciting football league on the planet. Record viewing figures and passionate fan bases around the world suggest this is the truth.

So making money betting Premier League football tips would be an enjoyable way for many to start making an extra income.

But is this even possible?

Yes it is, let’s take a look at exactly how you can do that.

Make Money Betting Premier League Football Tips

Firstly let’s take a look at Premier League tips that you need to avoid. There are plenty of Premier League tipsters and sites that will promise much but deliver only losses.

If you want to make money from sports betting in the long, you need to be able to identify these type of tipsters.

Premier League Tips

Google search “Best Premier League Tips” and the first page will be dominated by websites that look similar to this. These sites are bookmaker affiliates.

This means that when they refer a customer to a bookmaker. They then take a cut of the revenue that punter generates. What you will notice on these sites is that they will do everything possible to get you to click on a bookmaker link.

Affiliate sites are littered with links on every page.

Premier League Bet365

These bookmaker sites only make money when you lose, which in turn means the business model of these affiliate sites is to send as many losing customers as possible to the bookmaker.

As you can then imagine, the tips that these sites provide are not meant to help you make money. They are merely a way to send you to the bookmaker in the hope you lose long term.

That is why tips from any site that tries to send you directly to the bookmaker through an affiliate link. Are almost always going to be poorly researched and offer no long term value.

Now that you know this, you can see look for the warning signs on any of these Premier League sites.

Best Premier League Football Tipsters

So the are there actually any good Premier League football tipsters worth following?

Yes there is!

One website that I rate the betting previews and podcasts of is Matchbook Insights.

Matchbook are a betting exchange that also produce betting content.

They differ to traditional bookmakers in that they don’t make money from losing bettors. Their business model works on charging a 2% commission on winning bets. This means that even if customers are winning, then they are still making a profit from them.

In my opinion knowing that a site isn’t directly profiting from losing sports sports bettors. Reassures me that the tips are now designed to help me lose money.

Matchbook Betting Preview

This is evident with Matchbook and has lead to them working alongside professional bettors. That produce excellent betting previews that have well thought out and well reasoned Premier League betting tips.

Betfair Football Betting

Another site that is worth highlighting is Betting.Betfair.

They are also a betting exchange that charge a commission rather then looking to profit directly from the losses of their customers. Similar to Matchbook they produce excellent Premier League betting advice and tips from experts around the globe.

Both of these sites offer much better Premier League tips and predictions. In comparison to the generic affiliate sites which you will find on the first page of most google searches.

Who are only interested in profiting from your losses!

Other Ways To Profit From Betting On The Premier League

I am going to let you in on a little secret.

As someone that has been betting, trading and profiting from sports betting for many years now.

Let me tell you, there are much easier ways to make money from the sports betting markets then following Premier League tips. In fact due to the huge amount of money staked globally on the Premier League.

It is one of the harder markets to profit from.

If you are interested in purely making money from sports betting then there are much better strategies!

Matched Betting

Matched betting is a strategy that is profitable on any football match in any football league. It is also a profitable strategy to use on any sport.

We noted earlier that bookmakers are looking for long term losing bettors. They are all battling each other for new customers.

Premier League Tipsters

This leads to bookmaker’s offering sign up promotions and recurring customer promotions as they compete with each other.

Smart bettors that know this can utilize these promotions to their advantage in order to make regular profits.

Premier League Offers

By only taking advantage of these type of promotions, you secure hundreds of pounds in profit.

This is possible by covering all outcomes of event for a very small loss, to then be given a free bet which you can extract a profit from.

Let’s take Bet365’s sign up offer for example.

Bet £10 and get £50 in free bet credits!

Bet365 Offer

I used a matched calculator to show how this works. We can bet our initial £10 on Mansfield at odds of 2.05 and lay it on a betting exchange.

A lay bet is basically the opposite of a back bet. We are betting that Mansfield do not win.

By backing and laying the same selection we have covered all outcomes of the event. As you can see from the image this guarantee’s that a loss of £0.06.

Great you lost £0.06 well done

Hold on for a minute, because of the initial bet we just made. Bet365 will put a nice £50 free bet reward in our account. This allows us then to use the exact same process on the free bet to guarantee a profit.

Elanga Premier League Bet

As you can see a profit of £44.54 would have been made from this process.

Matched betting is an excellent strategy to use on the sports betting markets. If it is something that you want to learn more about and get a expert help with.

My advice would be to sign up for a free trial of Oddsmonkey’s matched betting service, that will enable you to get to grips with it.

OM Link

 

 

 

Best Sports to Bet On: Which Leagues Are Most Profitable

As sports betting becomes increasingly popular, people are always looking for new ways to make money off their favorite teams. In this article, we will explore which leagues offer the best profit opportunities and why it is important to do your research before placing any bets. We will also provide some helpful tips on maximizing your chances of winning.

So whether you’re a seasoned pro or just starting out, read on for all the information you need to get started in the exciting world of sports betting.

Sports Betting

The Importance of Research

Some of the best online sports betting sites in the US offer a wide variety of leagues to bet on, and it can be tempting just to pick your favorite team and start placing bets. However, this is not the most innovative way to approach sports betting.

Instead, it is essential to do your research and find out which leagues are most profitable. This may seem like a lot of work, but it is well worth the effort as it can make a big difference to your bottom line.

NFL: America’s Favorite Betting League

The National Football League is America’s favorite betting league. Each year, Americans bet billions of dollars on NFL games, and the league’s popularity shows no signs of waning. There are several reasons for the NFL’s popularity among bettors.

  • First, the league is extremely competitive, with a parity that ensures close games and exciting finishes.
  • Second, the NFL offers a wide range of betting options, from simple moneyline bets to complex prop bets.
  • Finally, the league’s popularity means abundant information and analysis are available to help bettors make informed decisions.

Prop betting is probably the easiest area to find some value or perhaps exploit some slower moving bookmakers with a value betting strategy.

NBA: A Global Betting Sensation

While the NBA may be most popular in the United States, it has also become a global betting sensation.

In China, for example, the NBA is the most popular sport to bet on, with millions of dollars wagered each year.  It’s not just professional gamblers who are getting in on the action; many ordinary people are also placing bets on NBA games. With the help of online bookmakers, anyone with an internet connection can log on and place a bet.

NBA

 

The popularity of online betting has also made it easier for people to place bets on games they might not otherwise have access to. As a result, the NBA has become a truly global phenomenon, with fans betting on games from all over the world.

MLB: The Money Maker for American Bettors

While the average American bettor may not be overly familiar with MLB, that hasn’t stopped it from becoming one of the most popular sports to bet on in the US. In fact, MLB is now the third most popular sport to bet on in America, behind only the NFL and NBA. There are several reasons for this, but the biggest is probably the sheer amount of money that can be made by betting on baseball.

For starters, there are more games in an MLB season than any other major sport, which means more opportunities to make money. But beyond that, baseball is also a relatively low-scoring sport, which means that even a small wager can have a big payout if you pick the right team. And finally, there’s the fact that baseball is a very strategic sport, which means that even casual bettors can make smart picks if they do their homework.

All of this adds up to big money for those who know how to bet on baseball.

Final Thoughts

Making a profit from your sports betting isn’t easy but it is possible if you put the work. A solid starting approach would be to specialize in one sport and learn as much as you can about the betting markets!

 

The Best Sports Betting Books 2022

Sports betting is a huge industry but it can be hard to find good reading material related to sports betting.

Here are 6 of the best sports betting books that I have read.

Best Sports Betting Books

1. Squares And Sharps, Suckers And Sharks

best sports betting books

Written by well renowned sports betting writer Joseph Buchdahl. Who writes for the bookmaker Pinnacle and is also the author of two other highly rated sports betting books. 

Squares and Sharps, Suckers and Sharks is Buchdahl’s latest offering. This book takes a stark and realistic look at the sports betting markets.

It isn’t a book that encourages sports betting or has tales of people winning millions. In fact in might do the polar opposite, it isn’t an easy read nor does it intend to be.

This book tackles the science and probability behind gambling. It looks at the psychology and often irrational behaviour of human beings in relation to gambling.

Whilst this book might not provide the answers to becoming a profitable sports bettor. It will certainly make you analyze and question your own process in finding profitable sports bets.

Squares and Sharps, Suckers and Sharks is a really interesting read. If you are aiming to make money long term from the sports betting markets then this book is a must.

Buy It Now

2. Gambling For Life – Harry Findlay

best sports betting books

Gambling For Life by Harry Findlay is a very different read to the first selection.

If you are looking for a book that’s going to help you become a professional gambler and improve your betting. This book isn’t it!

What “Gambling For Life “is, is an easy read that documents the story of colorful professional sports bettor Harry Findlay. I found Gambling For Life a very enjoyable read of an old school gambler that often threw caution to the wind.

Putting your entire bankroll on one football match is not something you find Tony Bloom or Zeljko Ranogajec doing. But that is part of the charm of Harry Findlay. He isn’t a gambler that always stuck to staking sensibly and following the rules.

He was a big risk taker often to his own detriment however as a story it makes great reading.

Buy It Now

3. Enemy Number One – Patrick Veitch

best sports betting books

Enemy Number One is the autobiography of professional sports bettor Patrick Veitch. Veitch is estimated to have made over £10 million profit from betting on horse racing.

This book details the beginnings of his betting career as a student studying maths at Cambridge. Through to his career as a full time sports bettor. Along the way Veitch became a target for extortion from a dangerous criminal who later would go on to be tried for murder.

Veitch never reveals his exact betting methods or goes on to write about how he was able to consistently find value in the horse betting markets. However the book does detail how he ran his betting operation and was able to get down large amounts of money at bookmakers all across the country.

If you are interested in sports betting and particularly the horse racing markets then Enemy Number One is a recommended read.

Buy It Now

4. Trading In The Zone

best sports betting books

Trading In The Zone by Mark Douglas is not a book about sports betting. It is based on trading the stock market however a lot information provided is this book can be applied to sports betting and sports trading very well.

This book tackles the psychology behind good and bad trading. It is often regarded as the bible when it comes to books on trading psychology.

Trading In The Zone’s main message is to not bring our emotions into trading (betting) as this has no effect on the market itself. The market doesn’t care if you have just had an blazing argument with your wife and it won’t give you back 50% of your bankroll if you decide to take out your frustrations this way.

Douglas teaches that discipline and controlling the variables that you are able to. Are the key factors in what makes a profitable trader (sports bettor).

If you are looking for a book that can you help you understand the psychological traits behind being a successful sports bettor then Trading In The Zone is a good choice.

Buy It Now

5. Fixed Odds Sports Betting 

best sports betting books

For book number 5 we return to author Joseph Buchdahl. Fixed Odds Sports Betting was written in 2003 but still holds up as one of the best sports betting books around.

Buchdahl was a former bet runner for the previously mentioned Patrick Veitch and in looking to emulate him has spent a huge amount time collecting sports betting data. Looking for ways in which to profit from the sports betting markets.

Fixed Odds Sports Betting aims to teach its readers the fundamentals of bookmaking. It takes a thorough mathematical look at sports betting with an in depth look at various staking plans.

This book is an excellent introduction to sports betting for novice bettors. Whilst also appealing to experienced bettors looking to get a better grasp on some of the key fundamentals behind investing in sports betting.

Buy It Now

6. The Logic Of Sports Betting

Logic Of Sports Betting

“The Logic Of Sports Betting” is one of the newer books on this list published in 2019. The book was written by Ed Miller and Matthew Davidow. Miller is a successful poker player and has previously written some very well regarded books on the subject. Whilst Davidow is a sports modeller and co founder of two sports analytics firms.

Being one of the newer books on this list. One subject that this book does cover is live betting. Live betting becomes bigger and bigger with each year. The logic of sports betting discusses the pros and cons of live betting, covering such issues as streaming delays.

If you are looking to make money from your sports betting in 2022 then this book is a worthwhile read!

 

 

 

 

Make A Living From Sports Betting – 8 Crucial Factors

2up Betting

Do you want to learn how to make a living from sports betting?

In this article we are going to take a look at the crucial things you need to know, in order to be able to make big profits.

Starting with the basics, moving through to lesser known bits of information that can really improve your betting and take you to the next level.

Let’s get started!

Make A Living From Sports Betting

How To Make A Living From Sports Betting – 8 Crucial Factors

  1. Always take the best odds possible

Number one and it might seem very obvious however there are still a lot of people that want to be successful betting that don’t do this.

Make sure you are always taking the best odds possible. Don’t be lazy and only bet with one bookmaker because you have funds in the account. If you want to take this seriously you have to treat sports betting like a business.

Great businessmen are always looking for a way to cut costs and increases profits. In the same way a professional sports bettor always bets at the best odds they possibly can.

There are numerous odds comparison websites you can use to help you find the best odds.

Here are a few examples –

Oddsportal

Oddschecker

Over the long term ensuring you always get the best odds you possibly can, is a habit that enables you to make the highest amount of money from your betting as possible.

Best odds

 

2. Take advantage of promotions

Next on the list is taking advantage of bookmaker promotions and bonuses.

There is a lot of money to be made from this.

Free bets, cashback offers, in-play promotions, 2 goals up promotion on football, numerous horse racing promotions, extra places. Bookmakers are always trying to attract new customers and hang on to existing ones.

You can learn to take advantage of this fact and make good money solely from exploiting these offers.

2up Betting

This is called matched betting and there are already thousands of people taking advantage of this. If you are looking to bet on sports for a living. Taking advantage of this low hanging fruit is recommended.

It is an easy strategy and a very valuable one to have in your arsenal.

Wanted to get started Matched Betting? Here Is Our Number 1 Recommendation!

3. Proper bankroll management

Not using proper bankroll management is one of the key reasons most people fail to make money long term from sports betting.

If you are aiming to make a living from sports betting and don’t have a plan for how are going to approach your staking. It is very likely you will fail.

Any well run business starts off with a plan.

As a professional bettor you should know exactly how much you are going to stake on a bet before you click that “Place bet” button.

Bankroll
Use proper bankroll management

There are several different staking plans you can look.

Kelly staking – this staking plan adjusts the size of your bet based on the perceived edge of your bet and odds on offer.

Flat staking – Staking the same amount on every selections. Trouble with this staking plan is when you are betting at a wide range of odds 1.2 – 20.00. Doesn’t make sense to bet the same amount of money at odds of 1.2 and then odds of 20.00.

Stake to win set amount – Perhaps the easiest staking plan to have when starting off. You stake to win the same amount for every bet. For example if you to win £100 per bet.

You would stake £100 at odds of 2.0, £50 at odds of 3.0, £33.33 at odds of 4.0 etc.

No matter which staking plan you choose. Having some kind of staking plan in place will put you ahead of 95% of bettors already.

4. Have as many accounts as possible

This next point relates heavily to number one but also is important for other reasons.

You need to utilize as many places to bet as possible.

1. You want to get the best odds on every single selection (which we covered already)

2. As you scale your business your bets become larger. Some bookmakers will be unwilling to take your full bet. Which means you may need to spread it round several bookmakers.

3. Profitable sports bettors can accounts closed or limited. Unfortunately bookmakers have the ability to refuse your business and close accounts. This means that successful bettors constantly have to find new places to bet.

4. Different bookmakers offer different opportunities. Some bookmakers will offer different market or promotions that others don’t.

If you are doing this for a living, finding new angles and edges is vital to sustaining or increasing your profit levels.

5. Use proven strategies

Making a living from sports betting isn’t easy however having said that. There are multiple proven strategies outlined on this very site, that work long term.

That you should really know!

Arbitrage betting – This involves covering all outcomes of an event in order to guarantee. We have a guide which covers this in great detail here.

 

Value betting – Another solid method which uses sharp bookmakers (That don’t ban winning bettors) along with the betting exchanges. To identify value bets in the market. This is one of the easiest ways to consistently place bets that a positive expectation.

You can read our guide to value betting here

Bonus Accumulator Results

Exploiting casino offers – Using casino promotions we can the flip the edge from the casino to player. If you only play casino games when that edge is flipped over to you. A profit will be made over the long term.

Click here for our guide to making money from casino offers.

6. Work with others

Eventually you will run out of bookmakers to use if you are betting successfully. This is because the majority of bookmakers ban or heavily limit winning bettors.

Many professional bettors end up working alongside other people in order to get bets down. Most start off working alongside family members and friends. This is known as multi accounting as it involves using multiple accounts rather then just your own.

If you are unable to work with other people. The other option is to look at making a profit from the betting exchanges or Asian bookmakers via a broker.

7. Specialize

One of the best pieces of advice I ever got. Was to find an area of betting to specialize in.

The majority (Not all) of very successful bettors specialize in one sports. Think Paulo Rebelo and Psychoff who are both extremely good football traders. Patrick Veitch has made a lot of money betting on horses, Tony Bloom excelled at betting in the Asian handicap markets.

Psychoff Profits

There are several different way to make money from the sports betting markets, find the one that suits you.

  • Pre match betting
  • Arbitrage
  • Exploiting promotions
  • In-play betting
  • Pre match trading
  • In-play trading

8. Keep learning

The sports betting markets are constantly changing and evolving. Edges come and go, what makes money one year may not be profitable the next.

If you are looking to make a living from sports betting. Then it is likely you are going to need more then one way to make money. Having multiple different edges in the markets is likely going to give you more longevity in the game.

Learning new approaches is going to be key.

Make A Living From Sports Betting

There we have it 8 keys factors you should know if you want make a living from sports betting.

Do you agree, disagree?

Let us know in the comments!