Proven Betting Systems That Work
I remember when I first started searching for a proven betting system googling the term “betting systems.”
There was all sorts of progressive staking systems, martingale systems, stop at a winner systems, progressive laying systems. The fact was though that none of these betting systems held up to any long term analysis and would normally blow your bank if you followed them for long enough.
But after researching a bit longer, testing out hundreds of betting systems and strategies. I actually found a few betting systems that did actually work and started to make consistent money from sports betting.
In this article let’s go over four betting systems that can actually make you a long term profit..
Which continue to be profitable in the year 2024!
Proven Betting System 1 – Arbitrage Betting
Sports Arbitrage betting is something that I still use on the occasion as part of my portfolio.
Arbitrage betting involves covering every outcome of an event. In order to guarantee a profit no matter the outcome.
Here is an example of a number of arbitrage bets found using the software Oddsmonkey.
For example if we take one of the arbitrage bets above.
There is a 2.36% arbitrage bet between Antalyspor and Besiktas in the Turkish cup.
We can can back Antalyspor at odds of 2.6 with both Unibet and BetMGM. There is a lay bet available at the betting exchange Smarkets at odds of 2.54 (I lay bet means we act as a bookmaker and lay someone else bet.)
For every £100 risked across both outcomes a profit of £2.36 could be guaranteed.
Although this may seem like a small amount, you can use larger stakes to make a bigger profit. Also there are multiple arbitrage opportunities every day and these small tax free profits can soon add up.
It is a simple betting system that once you understand fully, can be used again and again.
Negatives of arbitrage betting?
The only issue with arbitrage betting is that it has a limited life cycle.
Bookmakers will eventually limit arbitrage bettors accounts once they see that they are not going to be profitable customers.
Arbitrage betting is a great way to build up a betting or trading bankroll. Before you move on to betting or trading with exchanges and Asian bookmakers.
Proven Betting System 2 – Value Betting
Value betting is similar to arbitrage betting as it involves exploiting the soft bookmakers.
A value bet involves looking for odds that are out of line with the sharp Asian Bookmakers or betting exchanges.
Given that the odds at sharp bookmakers and betting exchanges are quite efficient in big markets. The betting exchanges and sharp Asian bookmakers often offer close to the true odds of an event.
Sometimes when there is odds movement on these events soft bookmakers will be slow to move their odds.
Consistently betting on odds above the Asian bookmakers and betting exchanges has proven to be extremely profitable.
Image courtesy of Trademate Sports.
The advantage that value betting has over arbitrage betting is that you generate a much higher turnover and use lower stakes which may make your accounts last longer then conventional arbitrage betting.
A lot of bookmakers will also offer value accumulators often on a weekly basis as part of odds boosts or special promotions.
Negatives of value betting?
Again the only downside to consistently taking value bets is that soft bookmakers will eventually see that you are able to make money from them and will limit or close your account.
However if you plan to make money from sports betting. Getting banned from soft bookmakers is going to happen whichever way you choose to make money from them.
Proven Betting System 3 – Matched Betting
The popularity of matched betting has exploded in the last few years and with good reason.
Matched betting is probably one the best and easiest ways to generate a good second income online. Another massive advantage of matched betting is that profits are tax free.
This betting system involves taking advantage of bookmaker offers to guarantee a profit much like arbitrage betting.
The big advantage that matched betting has over arbitrage is that is a lot less obvious and harder for bookmaker’s employed traders to spot. Regular sports bettors will also be using free bets which means that as a matched bettor you don’t look massively different from everyone else.
I have covered matched betting in a lot more detail in this article below. It is an ideal starting point for anyone that is looking to start making money from sports betting.
Negatives of matched betting?
There isn’t many downsides to matched betting. Bookmakers will stop giving you promotions eventually. But as discussed before this is what happens when you become a profitable sports bettor.
So there you have 3 proven betting systems that are currently working in 2024. Which should also prove be profitable in the long term.
Each of these betting systems involve exploiting soft bookmakers.
This is really the best way to start making money from the sports betting markets and allows you to build up a nice trading bankroll or good second income.
Proven Betting System 4 – Betting On Team News
One proven betting strategy that you might not know is reacting quickly to team news.
Odds can rapidly change on the basis of team news.
If you have a good knowledge of the teams that are playing, then you will often be able to secure yourself a value bet.
Here is a good example of how odds can change when a teams lineup is announced.
In this example I have highlighted the point at which team news was announced.
This was a Europa League between Arsenal and Standard Liege.
Arsenal announced a weaker side then expected, from this news the odds on Arsenal drifted quite significantly before the game started.
If you were familiar with the teams and reacted to the information you would have been able to secure yourself a value bet on Standard Liege.
Due to the fact that Arsenal’s odds were drifting so the odds on the draw and Standard Liege would have to shorten.
This is a really effective strategy and if you have access to betting exchanges you can secure yourself a profit before the game even starts.
Here is a video which explain this strategy in more detail.
The Sports Betting Strategies That Made Over 150K Profit
As mentioned throughout this article, there are proven sports betting strategies that make money over the long term. The best approach that I have found is to use the simple low risk strategies first and as your bankroll/confidence increases.
Then you can scale up to use more advanced strategies.
- Matched Betting
- Value Betting
- Casino Offers
Are the key betting systems to get started with. Oddsmonkey is a service that covers all of these methods with guides and provides software to help you pinpoint the best opportunities.