How to Make Money Sports Betting – A Complete Guide

Home » How to Make Money Sports Betting – A Complete Guide

So, how difficult is it to gamble on sports? The arithmetic behind placing a winning bet is sophisticated, but the strategy for staying ahead of the bookmaker is simple. If you win over 50% of your bets, you’ll will likely break even.

Many individuals gamble for entertainment, but losing money isn’t much fun. If you treat your betting as a business, you might begin to turn gambling deficits into betting gains. That’s a lot more enjoyable. If you approach your betting as a business, you may begin to transform losses into profits, which is both more enjoyable and far more prudent.

If you love betting and you are okay with losing money, this article isn’t for you. However, if you want to improve your betting profit, begin turning losses into gains, or at the very least lessen your bet losses, this piece is for you. Follow through as we dive in-depth.

10 Ways to Make Money Betting on Sports

Making money via sports betting

Before we proceed, please note that it’s not an easy task making money sports betting. A lot of gamblers have lost a fortune while sports betting. That is why top bitcoin sportsbooks such as Bet999, always advocate for responsible gambling.

Even with many years of background, most non-professional sports bettors struggle to make a profit. The following however does not cancel out the prospect of earning from sports betting. Certain sports betting tactics can always be relied on to improve your chances, and we’ll go over a few of them beneath.

1) Take Advantage of Every Sign-Up Bonus Sportsbooks Offer

Accept all available Bonuses

There will be multiple sportsbooks jostling for players’ attention in places where sports betting is allowed, and practically every online sportsbook you’ll find provides a variety of sign-up bonuses for new consumers.

You can use as many different gambling sites as you choose. Register for every obtainable sportsbook then take full advantage of the sign-up offer to increase the total amount of funds you can generate from sports betting.

Risk-free bets and bonuses for deposits are the most prevalent sorts of betting offers for new players. A significant number of welcome incentives are only accessible after your initial deposit. Some sportsbooks, on the other hand, provide no deposit incentives that may be used as soon as you open an account.

It should be noted that certain sportsbooks require promo codes in order to get the welcome bonuses. To understand more about how to use free bets, see our guide to using Free Bet on Bet999.

2) Make use of Sports Betting Software

Sports Betting Software for Bettors

Aside from taking advantage of sign-up incentives, one of the best methods to make money sports betting is to employ sports betting tools that can help you make intelligent bets.

Such tools can assist you in locating the best lines and odds, as well as identifying arbitrage chances.

3) Take Advantage of Odds Boosts

Capitalize on Odds Boost to win more and profit

Odds boosts on specific games and markets are often offered by betting sites, raising the initial odds by as much as 40%. As an outcome, if the bet is successful, you will gain additional funds.

However, increased betting odds come with certain requirements and rules of use, such as investment limits. Furthermore, not all odds increases give a good chance. If you are given better odds on long shots, you should think about whether or not you should take them.

Nonetheless, numerous odds increases might provide an instance with a positive expected value since they frequently erase the sportsbook’s juice. They are also beneficial when combined with arbitrage wagering.

4) Make the Most of Current Promotions

Take advantage of Sports Betting Promotions

Aside from the welcome bonus, bookmakers provide a variety of other incentives on a regular basis. For example, you might use combo insurance, which is a promotion that provides a partial or full refund if your combo is missed by a single option.

Another typical recurring promotion is cash back, which allows you to recoup a percentage of your losses after a specified time period. On rare instances, you might additionally get free bets and bonuses for deposits, in addition to referral incentives and other perks acquired via loyalty schemes.

Each of these promos enables you to either decrease your losses or increase your bankroll, so you should take advantage of them whenever possible.

5) Search for the Finest Lines and Odds.

Another reason to sign up with as numerous betting platforms as you can is to compare the odds and lines that they offer.

For each market, not all sportsbooks have the same odds and lines. You can locate the best line (such as obtaining a team at -2 instead of -2.5) and/or the greatest odds (such as receiving a team to win at +200 instead of +150) by quickly comparing the bookies you use before placing your bet.

6) Seek Arbitrage Opportunities

Arbitrage Sports Betting - Finding the Best Opportunities

Arbitrage betting entails betting on both sides of a market on different betting sites and earning regardless of the outcome. This requires that the odds be appropriately matched, however you need to understand the amount you can bet on each event.

But finding the best arbitrage possibilities is challenging, and estimating the amount to stake is even significantly more complicated.

7) Should I Have a Business Betting Plan?

You are not going to gain from your betting if you do not have a plan in place. The bookmaker is an entrepreneur, which is why they handle their betting as such. If we wish to carry out business with them, we ought to likewise conduct ourselves as such.

A chance has presented itself in which you have been willing to spend part of your money. Funds that you labored hard for, into a concept, task, or venture that has the potential to enhance that investment and earn you a living.

Consider this instance: you have $4000 to invest in the project you’re working on. You devoted two hours analyzing your investment before launching it.

Having a Betting Plan is a recipe to win

How do you think you’ll fare? Have you given it enough thought, done enough research, and created company strategy, goals, and contingencies? Certainly you haven’t; there hasn’t been enough time invested to cover everything that needs to be covered.

So you started a business, invested your money, and are now sitting back and waiting for the inevitable to come. You will undoubtedly lose part, if not all, of the money you have invested in the plan.

Now, alter the circumstance. You have exactly $4000 to invest, so you get the betting paper, check the football form, and then devote a couple of hours investigating the results, form, races, and games. Are you actually in the greatest position to make investments with that money right now? You might get fortunate and get something back at the end of the day, but what will you be able to do with that earnings?

Do you reflect on what you have won and what you lost and ponder why you got it perfect someplace and incorrect elsewhere? Most likely not! And now you’ve got $4200 in your purse, which you’re enjoying. That’s fantastic; congratulations. But what is the wagering strategy for tomorrow and next week?

It’s possible that the aim is simply to win a few dollars and transform it into something nice, but what if that $200 win fails to materialize, resulting in a $400 loss? Do you focus on the funds that has gone missing, or do you focus on your business strategy?

8) Longshot parlays should be avoided

Because of the possible enormous payout, longshot combinations are exciting to wager on. Any gambler with little to no knowledge, on the other hand, would inform you that these are among the most awful bets to make.

Parlay wagers have an extremely low probability of success. The more options you lay down on your bet slip, the less likely it is to win.

Consider this: even the most successful gamblers are happy if they win over fifty percent of their bets at regular -110 odds. Because parlays require you to prevail on 100% of every single option, achieving a long-term profit on them is literally difficult.

9) Avoid Betting With the Public

Sports betting strategy to make profit: When and how to fade the public

The reasoning behind gambling against public opinion (fading the public) is reasonable. Because regular sports bettors usually lose, it makes sense to wager on the opposite outcome. Nonetheless, there is definitely an appropriate time and moment to use this strategy, so don’t employ it arbitrarily.

The ideal thing you can do in this scenario is to choose a reverse line flow. This implies that you should keep an eye on the line fluctuation in relation to the percentage of bets placed on either side.

If the bulk of bets are placed on one side yet the line moves opposing it, it indicates that sharps’ greater bets are moving in the opposite direction.

10) Examine and search for value in Side Bets

A prop bet is a wager that is placed on an individual player or event rather than the outcome of a game. With the exclusion of the point spread, total, and moneyline, almost any wager on a game can be deemed a prop bet.

Rather than betting on which team will win between the Manchester City and Arsenal, a prop bet might be “How many completed passes will Kevin De Bruyne make?” In this situation, the choices are going to be to either over or under the stated total. Prop bets can be made in essentially every major sport. These bets, like traditional betting, are placed prior to the start of the game.

Many bookmakers offer dozens of prop bets on certain games. With so many props available, bookmakers are sure to have overpriced a few of them. Especially in comparison to moneyline, spread, and total bets, giving you the chance to locate value.

Sports Betting Math—How Often You Have to Win to Make Money sports betting

Understanding the Calculations Behind Sports Bet

The majority of individuals who want to wager on sports are already followers. It’s not uncommon for someone who gambles to place some sports bets, particularly during big games like the World Cup finals or the UEFA Champions League final, but for the majority part, those who place sports wagers are sports enthusiasts wanting to earn a little extra cash by using their knowledge of a game or of a game’s players.

Being a fan of a specific sport, team, or professional squad, all of the aforementioned are prerequisites for placing sports bets. Sports betting enables fans to take part in the thrill of an event, with a lot more than just their own self-worth at stake.

Everything gambling related are mathematical in nature. When you understand the game, you can get a competitive edge if you understand the math underlying it. For many games, such as penny slots or badly placed roulette bets, clever bettors gain an edge by ignoring them entirely. But the math involved with sports betting is more sophisticated.

According to your favorite sport, you might need to consider bye weeks, underdogs, players ratings, and injuries with the same zeal that others give to their beloved activities.

Matched betting FAQs

Matched betting is a method of profiting mathematically from free bet incentives provided by bookmakers. Almost all sportsbooks publicize these promotions in order to lure new consumers to put bets with them.

“Stake $20 with us, and we’ll give you a $20 free bet!” is a pure example of such offer.

You may normally expect to profit between fifty to eighty percent of the free bet value for each matched wager. This is due to the fact that gambling sites typically charge a commission on winnings. Because of the minor difference in odds between websites, you could suffer a slight loss with the qualifying bet.

This is common, and you are going to be compensated for choosing to utilize the free bet.

Is it lawful to engage in matched betting?

In most countries, matched betting is completely legal. It exploits a vulnerability in betting platforms and bookmakers, yet both sides don’t lose since neither backing or laying somewhere else has no impact on the end result associated with the matched bet.

Because it looks far too good to be true, certain individuals feel that matched betting is illegal. However, it is legal provided you are over the age of 18.

What is the best way for me to keep record of all my bets?

Matched betting is a great way to earn income via the internet. A growing number of individuals are joining in each day. The fundamental objective of matched betting is to take chance of bookmakers’ free bets and promotions in order to achieve a guaranteed profit. You’ll be making money if you finish more offers. It truly is that easy.

This implies that well matched bettors place a high volume of bets every day. Keeping organized is critical in matched betting so you know exactly what bets you have on and how much you’re planning to profit on each offer.

This implies you’ll need to keep a lot of data for each bet. Therefore, how are you able to keep tabs on each of your wagers and winnings?

There are third party softwares that can help keep track and records of all the bets made, potential profit, and many more. This replaced the old method of computing several bets on excel spreadsheets thereby wasting time that could be spent on make more money by completing more offers.

Where can I find additional free bets?

Bookmakers frequently provide existing customers with free bets and prizes known as “reload offers.” These are intended to keep their clients coming back.

There are also new signup offers that appear and disappear. You may keep an eye out for them every day.

Smarkets report that my wager was “Unmatched” or “Partially Matched.” What does this mean.

It involves the following:

An unmatched or partially matched bet on Smarkets indicates you have ‘presented’ the lay bet but there isn’t sufficient funds supporting you to pay for your pick fully at the odds you chose.

How to prevent it from happening:

It’s an uncommon occurrence, but it’s important to verify that enough money is available for any odds/price by glancing beneath the decimal odds for the $xxx sum (in the pink boxes). To see this, you may need to select “View all market”

Unmatched bet: How it works

The sum shown must be more than the “Backer’s Stake” amount entered on the betting slip, else, the bet will not be fully matched. In general, you want the figure to be substantially higher (preferably over a few hundred dollars) merely to allow you some breathing room.

You must also act quickly when placing the wager, as the amount that’s available can alter in the time it takes to finalize the bet (especially if the event is about to begin).

If the quantity displayed is less compared to the needed amount:

You have the option to move on to another event/bet (this is highly recommended) or update the figures by selecting the odds to the right at an increased rate.

If the entire wager is unmatched:

In the event that there is no money available for the odds you selected, you will receive this warning after placing your wager.

First and foremost, you have to terminate this bet promptly; if not it may still be partially matched!

Return to the event page and choose different odds that have enough money, and make sure that you update your calculations.

If the wager is only partially matched:

In this instance, you must keep the partially matched wager and match the remaining at the next applicable odds (make sure you have sufficient funds this time).

It is critical to terminate the unmatched portion of the bet in case it later matches without your notice.

If you fail to meet the total amount, you will be unable to terminate the wager with the bookmaker and you could lose cash. Choosing somewhat higher odds will have little effect on your overall profit.

The main line is that you must bet the whole obligation amount on Smarkets in order to wipe out the risk of the bet at the bookie.

Can I use the calculator tool with my own personal numbers?

Yes, you can change the commission amounts, stake not returned, or stake by clicking the menu icon in the top right section. For more advanced use or to experiment with different results, you can employ the services of a Matched Betting Calculator.

How does a bet refund offer function?

Certain promos will reimburse your qualifying bet if it loses ‘Risk Free’, as opposed to providing you with a free bet after placing a qualifying wager.

Because the calculations could be rather different, you can utilize a specialized bet refund calculator to compute your refunds.

Many refunds are in the nature of a free SNR bet, although they can also be provided in cash. Each requires its own strategy, which is what we will discuss further below.

Cash refund

This tool is simple to use; enter the first bet, the back/lay odds, and the total refund value in the ‘Refund amount’ section.

Refund of free bets

The aim here is to lay less on the swap than we should ordinarily because we have stuff to profit (such as a free bet) if the bookie bet lose.

If it wins, the cycle is complete. If it lose, we have to utilize the free bet to make up for our losses and try to profit. We’ll profit about the same amount of money in both scenarios.

Can I set up many accounts?

No, you are not permitted to create multiple accounts. Recently, bookies are really strict about this and will ban you if they discover you have multiple accounts.

They sportsbook at the very least will scrutinize your cookies, name, IP address, address, and payment details. See the bookie’s website for the most up-to-date terms.

Do you offer free bets to returning customers?

Yes. Bookmakers occasionally contact existing players with extra free bets in the form of reload offers, particularly if you have not been playing on their platform for some time or if there is a major sporting event upcoming.

A bookie’s offer differs from what is listed in the handbook. Provide Assistance?

Many sportsbooks offer may change from time to time; simply alter the values by selecting the tool’s settings button in the top right section. Your computations will be revised.

I’m yet to receive my free bet. What should I do?

The first thing a sports bettors should do if you don’t receive your free bet is to For the latest current terms, see the bookmaker’s site. If you feel you have followed all of them, you need to reach their customer support with the necessary information.

Will matched betting have an impact on my credit score?

No, because bookies do not often conduct credit checks.

Matched betting doesn’t affect credit report because from experience, it has never revealed anything. While sportsbooks may perform a credit check on you on occasionally, it is not recorded in any way and has no impact on your score as a whole.

How can I lay accumulators?

Pick games that are a minimum of thirty minutes apart because you will lay every wager one at a time based on the result of the prior game.

If any event of the accumulator bet loses, you should stop laying but if it wins, you continue.

  • Enter your sportsbook stake in the “Back Stake” field.
  • Select the type of bet under “Multiple Type” (such as treble, four-fold, etcetera.).
  • Enter the description of each leg of the accumulator bet in the appropriate cells preferably in order of occurrence.
  • Also, enter the bookmaker odds for each pick in appropriate.
  • Insert the exchange lay odds.
  • Input the lay commission.

The appropriate cell will display the necessary lay stakes for the first leg of the acca. You’re out if it loses but if it wins, kick the second leg off as calculated.

Continue betting till a leg on the bookmaker’s side loses, and ensure to lay as recommended between each leg. Failing to lay between legs may prove a costly mistake!

Is the bet999 website a good place to teach matched betting?

The guide began with the understanding that we all know that many players do it as a way to supplement their income. However, information was frequently split and deceptive, typically in the form of numerous forum posts that offer little or zero insight on a topic that must be comprehended properly for it to be effective.

Matched betting is not gambling; it is a legitimate option for sports bettors to earn money to help with increasing living costs.

How do I submit reports on wrong or broken facts?

Please keep in mind that neither the writer nor the platform take any responsibility for how sports bettors utilize the information on this page. So read it meticulously and utilize it at your own risk if you chose to follow the matched betting instructions. 

While matched betting is statistically risk-free, human error can create danger, and sportsbooks might withhold bonuses if they suspect you have violated their rules, so always read them thoroughly. Profit is determined by time and effort.

One Reply to “How to Make Money Sports Betting – A Complete Guide”

  • Kobe Bright says:

    Just like several other sports, the variety of odds available for MMA betting is limited in comparison to that of other sports. It’s worth noting that important fights, especially those for titles,  tend to generate more betting markets.

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