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How to make money by betting

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Matched betting is probably the easiest way to become a professional gambler but does have an earnings cap. Then once you have exhausted matched betting you can move on to making money from casino bonuses. Even more profitable but quite a bit harder. Value bettors are often world-leading experts in one particular team or sport.

They know everything about it, more even than the oddsmakers at the bookies. They take all that information and make their own odds. If their odds are drastically different to what the bookmakers come up with, they will bet the difference. The value bettor is probably the purest type of professional gambler.

They are not using loopholes or bonuses, instead they make money gambling by beating the bookies at their own game. I have a detailed free introduction guide to value betting. Warning , it is not an easy way to make money gambling!

Once you have started creating odds I suggest paper betting with fake money to test out your edge before you start spending real money. Once you are ready to use real money, you need somewhere to bet. So most professional gamblers will instead use a marketplace based sports betting exchange such as Betfair. Sports betting arbitrage is where I have made the most money as a professional gambler.

It was even the subject of my university dissertation. Very simply, imagine there is a tennis match going on. If one bookmaker believes player A is going to win and the other bookmaker believes that player B is going to win, then they will price their odds very differently. If the difference is big enough you can bet at both bookmakers on opposite players so whoever wins the match you will make money.

The hard part is stopping your accounts from getting closed. Although arbitrage betting is completely legal, as soon as the bookmakers realise you are a professional gambler they will limit or close your account. Everyone has heard of traditional bookmakers, but have you heard of betting exchanges such as Betfair?

They are markets modelled on the stock market where punters can buy and sell bets. That means you can trade in and out of a single bet multiple times and lock in a profit before the event even happens. I wrote a pretty detailed post on my experiences sports trading here.

I had some initial success and was making money, but struggled to scale up. There are lots of books on Amazon about the stock market or algorithmic trading. Whenever I used to tell someone I was a professional gambler they assumed I meant poker player. It is definitely the most well known and well-understood way to make money gambling, but that means it is also one of the hardest — because everyone is trying it.

The commission that the casino takes from each hand. To successfully make money gambling with poker there needs to be a very large gap between your skill level and that of your opponent. The people making the real money in poker are not the famous names winning the big tournaments, but the anonymous professional gamblers sharking on not very good players. If you want to start learning strategies and eventually make money gambling, that is a great place to start.

If you really get into it you will probably end up with accounts at all the online poker sites, so you can make the most of the welcome bonuses. But if you are looking for a good place to start I recommend Betfair Poker. A Betfair account is pretty useful to have and you can use it for some of the other ways to make money gambling. In short: Keep track of what cards are left in the deck in a game of blackjack, so you can bet large when the odds turn in your favour.

You may well have heard of card counting from the film The Hollywood adaption of the true story of a team of students from MIT who made millions card counting playing blackjack in Vegas. Card counting is really difficult and casinos have got very good at making it difficult to make a lot of money from it so they actually welcome in amateur card counters.

I went to Vegas to try my hand at card counting. But it is possible and there are plenty of successful professional gamblers who do it. Just be prepared that it is very difficult and not particularly glamorous. This is because they shuffle the deck after each hand.

So if you are going to do it you need to go into physical casinos. But there is one other type of professional gambler. The cheater. And be warned, people do go to prison for cheating. I am not going to teach you how to cheat at gambling, but if you are interested in the history of it there are some interesting stories. Help: I can't access sharp bookmakers!

Unfortunately, not all sharp bookmakers operate in all countries. Pinnacle , being the best and most well known sharp bookmaker, no longer operates in the UK, Australia and a number of other countries. However, you can still access these sharp bookmakers through the use of an intermediary service, known as a betting broker. They can open a number of sharp bookmaker accounts on your behalf, even if those companies don't operate in your country.

Find out which are the best betting brokers! Arbitrage betting involves taking advantage of opportunities that arise when the soft bookmaker and sharp bookmaker odds are so different that you can bet on both outcomes of a match and profit regardless.

In any case, the odds are far enough apart that we can bet on both outcomes and profit regardless of which one occurs! You can use an arbitrage betting calculator to help you work out the stakes. An arbitrage bet like this typically takes less than 5 minutes to complete.

An alternative strategy is to lay the bet at a betting exchange rather than use a sharp bookmaker. This is a little more complicated but has the same end result: locked in profits! Great question. In this situation, you would need to place a third bet with another bookmaker to cover the draw as well. Please check out my detailed article on how to find arbitrage bets. Essentially, it is possible to find these opportunities manually, but by using a software package that scans tens of sports and over bookmakers, you can speed up the process dramatically, resulting in greater profits!

Check out my article below for some recommendations of free arbitrage betting software! Decent initial bankroll. Use your winnings from matched betting to kick start your arbitrage betting. Soft bookmaker accounts. The best soft bookmakers for you depends on which country you live in. Have a look online for which bookmakers are offering the best bonuses in your country.

Check out my list of recommended sharp bookmakers. Having a Betfair account is also useful. Arbitrage betting software. There are a lot of options out there for arbitrage betting software. You can check out my recommended arbitrage software.

Essentially, I think RebelBetting is the best arbitrage software out there. Value betting is quite similar to arbitrage betting in a number of ways. It also involves exploiting opportunities that arise when a soft bookmaker makes a mistake with their odds. In arbitrage betting we place a bet with the soft bookmaker that has made a mistake with their odds. Value betting is simpler to execute than arbitrage betting only 1 bet vs. Interested in value betting?

Much like with arbitrage betting, it is entirely possible to find value bets with manual searching and by comparing odds on my value betting calculator. However, this is very tedious and time consuming. I highly recommend that you get some value betting software to speed up the process enormously. Value betting software will compare the odds across thousands of matches and hundreds of bookmakers and alert you when it finds value bets.

Once you place your bets, it will log them and automatically categorise the bet as a win or a loss at the conclusion of the match. This allows you to see the performance of your bets over time. Wondering how to find value bets? This list is pretty similar to arbitrage betting, but you don't need any sharp bookmaker or betting exchange websites of course. Use your winnings from matched betting to kick start your value betting.

The more accounts you have the better. Value betting software. You can check out my recommended arbitrage betting software here. Essentially, I think that again RebelBetting is the best value software out there. The problem with matched , arbitrage and value betting is that they involve taking value from soft bookmakers, which means that sooner or later, your accounts are going to be restricted. There are basically three options from here on. The first option is to give up on profitable sports betting and enjoy the profits you managed to make.

With a fresh set of accounts, you can start the process over again from scratch. However, there is nothing illegal about introducing your friends and relatives to the concepts of profitable sports betting and letting them place bets on their own. The third option is to continue profitable sports betting by taking value from either other punters on a betting exchange, or by taking value from the sharp bookmakers. This is known as sports trading. I do not recommend sports trading as I think that is very difficult for most people to profit consistently this way.

Let me introduce you to such a product. Mercurius Trader is a unique product with an ambitious goal - to turn sports betting into an asset class that anyone can invest in. Released in January but in development for 4 years prior to this, Mercurius Trader uses a quantitative model that is designed to spot value in the Betfair football market, and execute bets accordingly. It is based upon scientific literature on the topic of football match prediction and is supplemented with their own research and development.

It uses millions of pieces of data from historical football matches as an input. Please note that unlike arbitrage and matched betting, your profits are not guaranteed and your capital is at risk. Profitability depends on the veracity of the Trader model.

Read my full Mercurius Trader review here! An alternative or perhaps a complementary strategy to investing in Mercurius Trader is to do value betting on the sharp bookmakers and betting exchanges, rather than on the soft bookmakers. This is much more difficult, as the sharp bookmakers and exchanges rarely make mistakes. However, when they do, you can capitalise on these mistakes in a big way, as they have huge maximum stake limits.

As this strategy requires huge bets on relatively small deviations in odds, you need a large bankroll to get started. It is a unique product that targets the sharp bookmakers and betting exchanges, identifying when they make mistakes. They recommend that you spend at least 20 hours per week placing bets.

Generally speaking, I don't recommend tipsters, as they often don't have a sound basis for making their tips. However, Bill over billgkrtips. Feel free to check it out if you are interested in learning more about tipsters and what you should consider when choosing a tipster.

Despite what most people think, profitable sports betting is entirely possible and not actually that difficult at all! Matched betting is perfect for beginners as it allows you to build your bankroll relatively easily with a modest investment of time. Arbitrage or value betting is an excellent stepping stone from matched betting as they require a reasonable bankroll to get started which you will have accumulated from matched betting , and allow you to continue earning decent profits.

Once your soft bookmaker accounts have been gubbed from all of these methods, you can either try to make money using sharp value betting needs a large bankroll and significant time investment , or invest some of your money in a sports betting fund lower bankroll and entirely passive, but lower returns. I hope you have enjoyed this guide on how to make money from sports betting!

If you have any questions, please leave them in the comments below! The most comprehensive, in-depth training on profitable sports betting available. Start earning an income online using the unique techniques in this free course. Any particular interests? Check the boxes below before signing up!

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I'm an Australian guy who has used profitable sports betting to provide a decent side income over a thousand dollars per month! I've set up the The Arb Academy to teach others how to do the same and achieve financial security through a second income stream! Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

Below, I will outline the only real ways to make money from sports betting. Quick Navigation. But the bookmakers make huge profits every year? Is Profitable Sports Betting Legal? How to Make Money from Sports Betting? Matched Betting. Arbitrage Betting. Value Betting.

Investing in a Sports Betting Fund. Sharp Value Betting. What about tipsters? Profitable Sports Betting - Conclusion. Considering this, the main ways to make money from bookmakers are:. Using bookmaker promotions such as free bets to gain an edge. By using free bets, we can access potential winnings while staking very little of our own money. What do the bookmakers think of it?

The 4 main ways to make money from sports betting are:. Risk Level. Bankroll required. Profit Factors. Almost zero. Time, Bankroll. Betting Fund Investing. Med - High. No limit. Low - Med. Wait, what? Backing, laying? Right, so back to the example then? Back Bookmaker. Potential Payout excl. Potential Winnings incl. Total Money Spent. Potential Profit. Is there any way to speed up the process? Interested in Matched Betting? What do I need to get started with Matched Betting?

Getting started with matched betting is quite easy. You need the following 4 items:. Bookmaker accounts can be opened online, there is no need to visit a store. You can open a Betfair account online. They offer you the following: A ton of tutorials to help you get started with matched betting A running list of bookmaker promotions which is updated daily Calculators to help you determine the profit when backing and laying an outcome Software that scans the odds for hundreds of matches and tens of bookmakers to find you the perfect bet A community of matched bettors who will help out if you are confused or need advice.

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Matched betting is probably the easiest way to become a professional gambler but does have an earnings cap. Then once you have exhausted matched betting you can move on to making money from casino bonuses. Even more profitable but quite a bit harder. Value bettors are often world-leading experts in one particular team or sport. They know everything about it, more even than the oddsmakers at the bookies. They take all that information and make their own odds.

If their odds are drastically different to what the bookmakers come up with, they will bet the difference. The value bettor is probably the purest type of professional gambler. They are not using loopholes or bonuses, instead they make money gambling by beating the bookies at their own game. I have a detailed free introduction guide to value betting.

Warning , it is not an easy way to make money gambling! Once you have started creating odds I suggest paper betting with fake money to test out your edge before you start spending real money. Once you are ready to use real money, you need somewhere to bet. So most professional gamblers will instead use a marketplace based sports betting exchange such as Betfair. Sports betting arbitrage is where I have made the most money as a professional gambler. It was even the subject of my university dissertation.

Very simply, imagine there is a tennis match going on. If one bookmaker believes player A is going to win and the other bookmaker believes that player B is going to win, then they will price their odds very differently.

If the difference is big enough you can bet at both bookmakers on opposite players so whoever wins the match you will make money. The hard part is stopping your accounts from getting closed. Although arbitrage betting is completely legal, as soon as the bookmakers realise you are a professional gambler they will limit or close your account. Everyone has heard of traditional bookmakers, but have you heard of betting exchanges such as Betfair?

They are markets modelled on the stock market where punters can buy and sell bets. That means you can trade in and out of a single bet multiple times and lock in a profit before the event even happens. I wrote a pretty detailed post on my experiences sports trading here.

I had some initial success and was making money, but struggled to scale up. There are lots of books on Amazon about the stock market or algorithmic trading. Whenever I used to tell someone I was a professional gambler they assumed I meant poker player.

It is definitely the most well known and well-understood way to make money gambling, but that means it is also one of the hardest — because everyone is trying it. The commission that the casino takes from each hand. To successfully make money gambling with poker there needs to be a very large gap between your skill level and that of your opponent. The people making the real money in poker are not the famous names winning the big tournaments, but the anonymous professional gamblers sharking on not very good players.

If you want to start learning strategies and eventually make money gambling, that is a great place to start. If you really get into it you will probably end up with accounts at all the online poker sites, so you can make the most of the welcome bonuses. But if you are looking for a good place to start I recommend Betfair Poker.

A Betfair account is pretty useful to have and you can use it for some of the other ways to make money gambling. In short: Keep track of what cards are left in the deck in a game of blackjack, so you can bet large when the odds turn in your favour. You may well have heard of card counting from the film The Hollywood adaption of the true story of a team of students from MIT who made millions card counting playing blackjack in Vegas.

Card counting is really difficult and casinos have got very good at making it difficult to make a lot of money from it so they actually welcome in amateur card counters. I went to Vegas to try my hand at card counting. But it is possible and there are plenty of successful professional gamblers who do it. Just be prepared that it is very difficult and not particularly glamorous. This is because they shuffle the deck after each hand.

So if you are going to do it you need to go into physical casinos. But there is one other type of professional gambler. The cheater. And be warned, people do go to prison for cheating. I am not going to teach you how to cheat at gambling, but if you are interested in the history of it there are some interesting stories.

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The best sports bettors stick to the sports they know best. If you want to bet on another sport, watch a match, take notes, and study the nuances of a game. Learning the small things about a particular sport can be the difference between being profitable and being a loser. Stick with those sports you know best, and only venture out after you understand the dynamics of a particular sport. Keeping track of your bets is a key part of growing as a sports bettor.

In addition to logging your wins and losses, you should log as much information about your bets as possible. Recording the moneyline odds, spread, and total will help you identify patterns and make better decisions moving forward. If you use a betting algorithm , tracking your bets can also help you find trends that will help you see how your algorithm performs in certain scenarios.

Never assume that a bet is guaranteed to be a winner. These are just a few general tips if you want to learn how to make money betting on sports. Blog Home All Posts. Bankroll Management All sports bettors are different. Log Your Bets Keeping track of your bets is a key part of growing as a sports bettor.

Ready to start betting on sports? Download the ZenSports apps. Related Posts. Download App. Warning , it is not an easy way to make money gambling! Once you have started creating odds I suggest paper betting with fake money to test out your edge before you start spending real money. Once you are ready to use real money, you need somewhere to bet.

So most professional gamblers will instead use a marketplace based sports betting exchange such as Betfair. Sports betting arbitrage is where I have made the most money as a professional gambler. It was even the subject of my university dissertation. Very simply, imagine there is a tennis match going on.

If one bookmaker believes player A is going to win and the other bookmaker believes that player B is going to win, then they will price their odds very differently. If the difference is big enough you can bet at both bookmakers on opposite players so whoever wins the match you will make money. The hard part is stopping your accounts from getting closed. Although arbitrage betting is completely legal, as soon as the bookmakers realise you are a professional gambler they will limit or close your account.

Everyone has heard of traditional bookmakers, but have you heard of betting exchanges such as Betfair? They are markets modelled on the stock market where punters can buy and sell bets. That means you can trade in and out of a single bet multiple times and lock in a profit before the event even happens. I wrote a pretty detailed post on my experiences sports trading here. I had some initial success and was making money, but struggled to scale up.

There are lots of books on Amazon about the stock market or algorithmic trading. Whenever I used to tell someone I was a professional gambler they assumed I meant poker player. It is definitely the most well known and well-understood way to make money gambling, but that means it is also one of the hardest — because everyone is trying it. The commission that the casino takes from each hand.

To successfully make money gambling with poker there needs to be a very large gap between your skill level and that of your opponent. The people making the real money in poker are not the famous names winning the big tournaments, but the anonymous professional gamblers sharking on not very good players.

If you want to start learning strategies and eventually make money gambling, that is a great place to start. If you really get into it you will probably end up with accounts at all the online poker sites, so you can make the most of the welcome bonuses.

But if you are looking for a good place to start I recommend Betfair Poker. A Betfair account is pretty useful to have and you can use it for some of the other ways to make money gambling. In short: Keep track of what cards are left in the deck in a game of blackjack, so you can bet large when the odds turn in your favour. You may well have heard of card counting from the film The Hollywood adaption of the true story of a team of students from MIT who made millions card counting playing blackjack in Vegas.

Card counting is really difficult and casinos have got very good at making it difficult to make a lot of money from it so they actually welcome in amateur card counters. I went to Vegas to try my hand at card counting.

But it is possible and there are plenty of successful professional gamblers who do it. Just be prepared that it is very difficult and not particularly glamorous. This is because they shuffle the deck after each hand. So if you are going to do it you need to go into physical casinos.

But there is one other type of professional gambler. The cheater. And be warned, people do go to prison for cheating. I am not going to teach you how to cheat at gambling, but if you are interested in the history of it there are some interesting stories. Here is a documentary on YouTube to wet your appetite:.

I recommend starting with matched betting. It is by far the easiest and although it is limited in the amount you can make, it is a good gateway into professional gambling. Almost every online casino has some sort of welcome bonus to help try and persuade you to sign up and use their website rather than their competitors. With a little bit of thought and cleverness, we can take these new-player casino bonuses and convert them into This article is aimed at people who have at least a basic understanding of sportsbook arbitrage.

I succeeded and never looked back. At the time I had This is the essence of value betting. Value betting was the final and most profitable step of