Sports betting for a living is probably a dream job for many people. The number one reason people get into sports betting is to try and make money.
Bet they run out of ideas to make watch online hight quality video.
You might get lucky early on in your betting career but in the long term it is extremely tough to make money from the sports betting markets.
How do you bet on sports successfully?
There are a few simple methods which actually do make money long term.
Which are also relatively easy to learn.
Make Money From Sports Betting
What Methods Should I Use?
First off let’s take a look at matched betting. Which has also been known as bonus abusing or bonus whoring in the past.
Matched betting is great and personally it has made a huge difference in my life.
I used profits from matched betting to pay for the deposit on my first house. To pay for holidays, gifts for my family, It’s given me a reliable source of income that I never expected.
Matched betting is using bookmaker free bet offers combined with bettingexchangesto guarantee that a profit is made no matter the outcome of a sporting event.
The easiest way to explain this is with an example.
Lets take an offer I received from Betstars as an example.
The sign up offer is bet £50 at odds over 1.5 and get £20 free.
I open my Betstars account and look to make a bet of £50.
For this initial bet I am looking to find a close odds match between Betstars and the betting exchange that I use Matchbook.
I find a close match in odds in a game between Wolves and Norwich City.
The odds of Wolves to win with Betstars are 1.62, this is above 1.5 so it qualifies for this offer.
I place a bet of £50 to return £80.77 , which should Wolves win pays out winnings of £30.77.
Then I go over to Matchbook to place a lay bet.
A lay bet is when you effectively take on the role of a bookmaker. With this lay bet I am saying that should Wolves win I will pay out £32.03 however should Wolves fail to win then a profit of £49 would be made.
Lay bets are options only available with a betting exchange.
If you don’t have a betting exchange account.
My recommendation is Matchbook.
Lets look at the three possible outcomes of the game.
Wolves win – £30.77 is won with Betstars, £32.03 is lost with Matchbook
A total loss of -£1.26 is made.
Wolves draw or lose – £50.00 is lost with Betstars, £49.00 is won from Matchbook
A total loss of -£1.00 is made
The £20 free bet will be credited from Betstars no matter the outcome of the game.
The Wolves vs Norwich match ended up being a draw.
£49.00 was won in Matchbook and £50.00 was lost in Betstars.
The £20 free bet was credited straight after the game.
Now we go through the same process as before and look for a close odds match between Betstars and Matchbook.
However due to this being a free bet I look at higher odds in order to make as much profit as possible from the free bet.
I find a close odds match between Betstars and Matchbook at high odds.
Atletico Madrid were taking on FC Copenhagen in the Europa League that night.
FC Copenhagen were priced 16.00 with Betstars and 17.00 with Matchbook.
So I placed my free bet by backing FC Copenhagen for £20 to win £300.
I placed my lay bet on Matchbook risking £280 to win £17.50
Lets look at the three possible outcomes for this game.
FC Kopenhagen win – £300 is won with Betstars, £280 is lost on Matchbook.
A total of £20 profit is made.
Atletico Madrid win or the match is a draw – £17.50 is won on Matchbook, £0.00 is lost on Betstars as it was a free bet.
A total profit of £17.50 is made.
Taking into account the initial £1.00 lost on the qualifying bet with Wolves and Norwich.
You can see I am guaranteed to make either £16.50 or £19.00 from this process.
There are lots of these sign up offers where you can follow the same process.
New bookmakers appear quite frequently.
A quick google search for bookmaker sign up offers will bring up hundreds of results.
However my advice would be to join a matched betting service such as Oddsmonkey. They take out all the hard work and give you step by step instructions for each offer.
This will save you so much time in the long run and also should stop you making any errors which could cost you.
Oddsmonkey (read the review) is a company that has long been providing matched betting and arbitrage software for other companies.
They now however have their own dedicated service.
Offering an extremely in depth and content rich service that also offers arbitrage and value betting software.
It gives you all the tools that you need to succeed in matched betting.
It is possible to make a lot of money matched betting.
In my own personal experience I have been able to make over £10,000 a year.
If you utilize everything that is available to you then I believe this is achievable for most people.
There are other individuals I know that are making much more and are able to make this a full time income.
So we have taken a good look at making money from sports betting through matched betting.
Now lets take a look at another method which will enable you to make more long term profits.
An arbitrage bet is when you can cover all outcomes of an event and guarantee yourself a profit.
Personally I like to use arbitrage betting with bookmakers that either.
1. Don’t offer regular bonuses.
2. Have banned me from bonus offers but will still allow me to bet.
To show an example, my Paddypower account is limited.
This means that I am not able to receive promotions.
Paddypower though are a good bookmaker for arbitrage and I am still able to place bets with my account.
In order to find arbitrage bets you really need to use software.
For this example I will use the Oddsmatcher software that comes with Oddsmonkey.
I find a good arbitrage bet with Paddypower and the betting exchange Smarkets.
(Which allows lay bets and functions like Matchbook)
Hibernian vs Celtic is showing as a 7.82% arbitrage bet.
So I log in to my Paddypower account and back Hibernian at odds of 9.0. Risking £40 to win £320.
I then go over to my Smarkets account and place a lay bet with the aim to win back the £40 I risked on Paddypower.
This works out at a potential loss of £287.87.
Ultimately this means that I am only risking the £0.80 (Smarkets charge 2% commission on my lay bet).
In order to win £32.13 (£320 – £287.87.)
Now this is my personal preference as I like to put my profits on to one outcome. This is because I find it much quicker and often the value side is with the soft bookmaker.
However you could average the profit out across all outcomes. So that you would make money no matter the the final outcome.
Using the Oddsmonkey calculator you can see that the profit would be £3.13 across all outcomes with a £40 stake.
You might be thinking wow this is awesome. Free money for the rest of my life!
Unfortunately bookmakers will eventually limit your account to pennies if you are arbing. Even in some cases close your account.
However sometimes this can take years. Given that bookmakers only want losing players then it makes sense to hammer them for as much profit as possible. Before those limitations come.
Interested in learning more about arbitrage betting?
If you want to make low risk profits from the world of sports betting. Matched betting is a great way to start and arbitrage is an excellent method to keep the profits coming.
These are two simple low risk methods that will allow you to potentially make tens of thousands of pounds profit from the sports betting markets.
Click Below To Get A Free Trial With Oddsmonkey.
Table of Content
As of 2014 it was estimated that over 60 million Nigeriansare involve in this practice of sport betting per day.
That is to say that around 30% of the country’spopulation are really engaging in staking their money for sport bet.
And the question is…
What really are these persons gaining engaging inbetting activities?
Is there money in the sport betting industry?
Are people really making money in sport bet?
How profitable is the business?
Is sport betting legal?
Sport betting is one of the easiest way to makemoney online in Nigeria and Nigerians are actively engaging in it which has nowserve as a means of daily income for many.
According to Wikipedia, Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
There are NO prohibitions against gambling online, and that includes betting on sports. It’s not explicitly legal, but it’s not explicitly illegal either. The UIGEA makes it illegal to process financial transactions relating to online gambling. There are no federal laws that specifically make it illegal to bet online.
These headlines below are prove that sports betting is a worldwide thing and the reason why majority in Nigeria are keying into it
Sports in general now play an important role inour everyday life. People now enjoy both playing in sports as well as being afan, cheering on their favorite team. Not only do fans simply enjoy watchingbut they also like to bet on the events. Sports betting actually has a longhistory and has been around for centuries.
Nowadays one can bet practically on all sports events and sports disciplines. Either personally in a bookie office or on
Historians find it rather difficult to determine exactly when sports betting began. They do know it’s been around for thousands of years when people placed wagers on the outcome of an event.
Betting was common in Ancient Rome where bets could be placed only in the city of Rome at chariot races or the circus. Of course, legality has never stopped people from placing bets. The pastime continued through the years into modern times.
One thing about sports betting does remain true andthat is the fact that it is regarded as a legal activity.
Through the centuries, the prevalence of bettingvaried according to the tide of politics within a nation’s government.
In recent times, one of the biggest changes in sports betting is the addition of the internet. When casinos began to offer their games online, the past time took off. Adding sports betting to online gaming was a natural fit as well.
In fact, sports fans find it much more convenient to place their bets online. Also, with the availability of numerous
Today, sports betting is a major industry andattracts a lot of customers. Given this success, it appears to be around forgood.
“The pastime continued through the years intomodern times.”
Modern sports betting came about primarily fromhorse racing.
In the UK, betting on horses became popular in theearly 18th century once more the two-horse races became common.
New World countries followed suit and by the late19th century countries like US, Canada and New Zealand had formally establishedlaws to govern gambling.
The next major advancement in sports betting wasthe emergence of online casinos in the 1990’s and related sportsbooks.
There are now hundreds of online sports bettingoptions that are beginning to dominate the traditional bookmaking.
The difference of the betting exchanges to the bookiesconsists in the fact that the odd is fixed not by a bookmaker (as it is usualat the bookies), but that the customers offer the bet themselves and agree onthe odds.
1921 first football betting in England
1934 football betting in Sweden
1961 first legal bookies in England
1974 Bet365 was founded (english bookie – one of the oldest provider of sports betting)
1997 first online bookies Interwetten and Bwin
1998 followed online bookie Sportingbet
1999 first betting exchange Betfair
1999 followed Expekt
2001/2002 followed Betsson
2002 followed Mybet
And the list goes on and on
Sports betting is all about odds. The term odds isused in sports betting to describe the returns a user can earn on a successfulbet. Odds are often referred to as prices, in reference to the value of a beton a particular selection.
Odds are offered in three different formats,Fractional, Moneyline and Decimal odds. The decimal odds is the easiest tounderstand.
Decimal Odds: Decimal odds are also known as Continental Odds or European Odds, and are popular in Europe, Canada, and Australia.
These odds reflect the payout on a successful bet in decimal form and factor in the return of the stake.
A user bets N1,000 on Barcelona to beat Inter Milan at odds of 2.50. If Barcelona wins the match, the user will be paid out: 2.50 x 1,000 = N2,500. The N2,500 payout reflects the fact that the user has only earned N1,500 from the bet, as the stake was included in the payout.
Sports betting in Nigeria has become a big deal.
The upside is that, it has made paupersmillionaires.
The downside is that it has also created quite anumber of paupers.
Now the question is –
Why do both the youths and old love sportsbetting?
The reason is because it is guileless,entertaining, and it gives us an opening to make some money online.
However, if you are a first-time better, step on the brakes. Do not rush off to start staking your incomes just yet.
If you are too hasty you could make decisionsthat can ruin you financially.
Be smart and knowledgeable and you may justmake millions simply from betting.
As stated earlier, there’s no need to rush when itcomes to predictions. To make the most out of sport bet you need to followthese simple tips;
1,X,2 – the simple bet, 1 means home win, X means draw and 2 means away win
1X,X2,12 – double chance. 1X means home team wins or draw and so on.
Half Time – you bet on the outcome at half time
Halftime/Fulltime – you bet on the outcome at halftime and at the end of the game
Halftime or Fulltime – to win your prediction must be good at half time or full time
Handicaps – there are 2 different types of handicap bets: standard or
For example, handicap (0-1) means the game starts with the away team leading by 1 point and you bet on the outcome based on this starting handicap. So the home team must score at least 2 points to win (final score of 2-0 in reality).
Asian handicap is different. Asian handicap betting is a form of betting on football in which teams are handicapped according to their form so that a stronger team must win by more goals for a punter betting on them to win. The system originated in Indonesia and has gained popularity in the early 21st century. It is a form of spread betting.
If you bet on the away team in the case of Asian handcap you win if the match is a draw or the away team wins, so it’s more like double chance but usually, the odds are a bit higher.
Under/Over – you bet on the number of goals. The usual limit is 2.5 goals for football, but it can be different. Example: you bet on under 2.5 goals. You win if there are 0, 1 or 2 goals scored. The .5 limit is used because this way there are only 2 possible outcomes: under or over.
Number of goals – similar to under/over, but with more options: no goals, at least one goal, etc.
Exact Score – you can choose from a list of possible scores.
More goals – you can choose which part of the game will have more goals (1st or 2nd half, etc)
To score/not to score – quite obvious, you bet on a team to score/not to score
Winning margin – obvious
1st goal to score, Goal scorer – you can bet on the goal scorer (the player), or the first team to score, there are many variations of this type
Booking/Corners – you can bet on the number of yellow/red cards and the number of corners (football). Mostly available in live betting
Outrights/Specials – usually long run bets (who wins a championship, presidential elections, etc.) Unibet offers many different long term bets.
For Sports betting lovers please react to this by leaving a comment below.
A Nigerian Lady says “If we are dating and I find out you play sports betting, it’s Over” If you are the one what will you say or do…?