Making money with sports betting is what every single bettor wants! Whether you are a beginner or an advanced bettor, your goal is to make some extra money. But sometimes it feels like you are just losing it, am I right?
Sports betting offers various strategies to make money, but three methods really stand out: matched betting, arbitrage betting, and value betting. In this article, you’ll learn about these strategies and how to start making money today.
Matched Betting
What is it?
Matched Betting is when you exploit free bet promotions from bookmakers to guarantee a profit without any risk. All you need is a basic understanding of betting exchanges and their free bets offers. This is a great way to make money if you are a beginner looking to grow your bankroll without risking your own money.
Example
A good example of Matched Betting is when you receive a $50 free bet after signing up and making a deposit. It’s bonus money that you should take advantage of.
Another good example is when some bookies offer bonuses for existing clients. This can include a free bet on your birthday, a free bet when you make an additional deposit, or a weekly bonus for meeting certain requirements.
Advantages
- Low-risk or no-risk when executed correctly.
- Ideal for beginners looking to increase their bankroll without using their own money.
Additional Tips
Make a list of all the legal sportsbooks in your country. Check if there are any where you don’t yet have an account and that offer a sign-up bonus. Apply this to all the sportsbooks that fit the criteria and increase your overall bankroll.
Arbitrage Betting
What is it?
Arbitrage Betting is a sure way to secure profits without any risk! Occasionally, it is possible to bet on both sides of an event and make a profit. These opportunities are rare but occur almost every day.
Example
Imagine the following scenario:
You are analyzing a soccer game and you want to bet on goals and you go to 2 different bookmakers and realize that:
- Bookmaker A offers a odd of 1.90 for “Over 2.5 goals”
- Bookmaker B offers a odd of 2.20 for “Under 2.5 goals”
Let’s assume you have $200 to bet. You can use a website like www.arbitragecalc.com to check if there really is an opportunity to make money betting on both sides. If you input the data:
And then click “Calculate”, you will get the following output:
It shows a guaranteed ROI of 1.95%. You need to:
- Bet $107.32 in the odd of 1.90
- Bet $92.68 in the odd of 2.20
This way, it doesn’t matter if it’s over or under 2.5 goals; you will have a total profit of $3.90.
NOTE: It is possible to find arbitrage bets with 4%-12% ROI in the market.
It’s not easy to find these types of events manually, so I personally use a tool that finds these arbitrage betting for me. You can click on this link, they offer a free 7-day trial: Oddsjam
If you like the tool, you can have a 35% discount after the 7-day free trial.
Advantages
- No risk when executed correctly
- Consistent profits longer term
- No need to predict outcomes
Value Betting
What is it?
Value Betting is known as the best strategy for long-term profitability. It involves betting only on events where you have an edge over the bookmaker. This means identifying bets where the odds are higher than the actual probability of the event occurring. Here’s an example:
Example
Imagine the following scenario:
You are analyzing a soccer game and you realize that:
- For Team A to have over 4.5 corners, the odds are 2.15
- You can go to a website like Aceodds to convert the odds into probability.
As you can see, when you input the odd 2.15 in the “Decimal” field, you will get a 46.5% probability of that event occurring.
During your analysis, you realize that the actual probability of the event occurring is 55%.
That means if you calculate the difference between the real probability of the event (55%) and the bookmaker’s probability (46.5%), you get an 8.5% profitability margin.
You only want to place bets on events where you have a profitability margin over the bookmaker. That’s the only way to ensure a long-term profitability without gambling.
Advantages
- High potential returns.
- Can be very profitable long-term
Additional Tips
Additionally, Value Betting requires significant knowledge and skill, while have a risk of miscalculating value. If you want someone to find value bets for you, you can check out our Premium Service.
Conclusion
In this article you got presented with the 3 sure ways to make money with sports betting. Each of these methods requires different levels of knowledge, skill, and commitment, but they all have something in common: the potential to help you achieve consistent profits in sports betting. Choose the strategy that suits your style and start turning your sports betting hobby into a reliable source of income.
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