How to make money with sports betting?
The legality of betting sports for real money online is questionable at best, but readers in Europe have lots of legal, regulated options to choose from. Be sure to educate yourself before deciding on a sports book at which to play.
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The first step is to copy bets from professional tipsters; this usually means less risk and more significant return. The second step is to understand the concept of value; this means you have to be critical. Reading tips: We just made a guide on how to make money as a betting affiliate.
Strategies for making money on sports
Do you want your betting bank to grow without increasing your risk and budget? Then make sure you follow these tips regarding make money sports betting.
Betting websites with authority and a good strategy will help you reach your goal. This is the only money making guide for betting you will need.
If you want to make a whole-hearted attempt to make money sports betting, you should consider that you will need a proper and well-thought-out strategy for how to play and go about it.
Making money sports betting is difficult, but it’s not impossible
Many of these people who manage to use their own “winning strategy” are rarely able to make money sports betting, and there are very few people out there that can lead to gamble and keep it as a full-time job.
When creating your sports betting strategy, it is essential to do the math first. How much to bet every month? How large are the units? To be able to make money out of sports betting, you need to think of it as an investment.
Furthermore, you always have to review every bet you do. I know, it’s annoying to write down losses, but it is a must if you want to keep track of whether you make a profit or loss – during your betting.
If you want to make money sports betting
After all, you are still a human being.
But if you get a winning strategy and stick to it – it is possible to make money sports betting. This our guide on how you can make that happen.
There are lots of different ways to copy bets from professional tipsters. Either you can pay for these tips – or not. Many people do not want to spend money on “betting tips” since there is a risk. Of course.
But there are good free alternatives. For example, you should check our Tipstrr review and Betting Gods review
Both of these platforms send “inform” tips to your inbox.
The downside is that you get the tips a few hours after they are published, which means you may not get the same odds as they report.
It’s a great way to “feel” what it’s like to copy bets from professional tipsters. Also, both Tipstrr and Betting gods offer a variety of tipsters. Both free and paid services.
Therefore, we rank this as the absolute best way to make money from sports betting.
2. Understand the concept of value
You have to be critical.
If you are not, then sports betting is not for you. Sure, you can be sure that a favourite of odds 1.25 will win, but is there any value in the game itself?
Lots of times, we’ve heard punters say, “There’s no risk of losing this game.” – Absolutely – these tips are clear favourites, but is the probability that they win better than the odds offered?
Value when it comes to sports betting is a simple concept, but most people who are betting don’t have much control over it.
The gambling market is primarily based on these “naive” players who have a far too skewed view of different odds – you need to read and do your homework.
Only then, you can exploit this fact and recognise the value for real.
3. finding teams that others do not believe in
Betting is sometimes “better,” the worse it looks on the paper. Maybe this sounds a bit strange, but the less the public and attention a team gets – the more value.
Especially a team that has done well for a long time, but for some reason, had a slight dip in the last 4-5 games.
If everyone skips bets because the match does not seem exciting or the team in question has been bad – then the odds can be in our favour and once again, a value has appeared, and you will make money betting on them.
4. Make money sports betting
Some players may be able to achieve success in the short term through betting based on emotion and instinct but to succeed in the long run; you need to be more analytical and familiar with different names and, for example, if the odds reflect the probability, etc.
4.1 Can you do this?
Betting is a game of numbers – and you should have reasonably good control of the counting methods.
However, this can be tricky. If you are serious about your betting, you might want to try Betegy.
Betegy uses analysing models, just as Bookmakers. And the development and regression of a football team will be analyzed and the result is often reliable. Betegy aims to give sophisticated and well-analysed betting tips.
It means that Betegy can say where to spend the money for the greatest success. Betegy predicts the results of football matches with an 80% chance of success.
Betegy uses an algorithm developed by sports lovers for sports lovers. Their efforts to offer highly successful product bettors have proven to be more profitable than others.
5. Learn how bookmakers decide odds
It depends on the popularity of the match/event. Still, in general, the bookie’s odds will be a reflection of how the public is expected to play – rather than the actual probabilities. My personal favourite is BetBallers.
Of course, it’s not that simple, but in general, bookmakers will set their odds to attract bets on either side of the odds to balance their credibility (and increase their commission).
It gives smart players little room to find value – where the public’s opinion is simply wrong.
It also means that you can find odds at massive events where many play for the interest.
It could be, for example, the racing tips. As the public on average has an inferior track of the horses, the odds are favourable for us as we are gamblers with more control of the situation.
Choose a good bookmaker, read our full list over the best betting sites.
6. You can’t change the past
Don’t get angry because of a lost bet. If you have faith in what you do, then you just proceed with your plan, just like anyone who fancy poker – you can’t win every hand.
It is also important not to get bogged down in any false security after a few wins in a row. Be harmonious, passionate and smart.
We are all different, and if you know that you have trouble keeping your emotions in control, then you have to start with yoga or something else that can calm your mind.
Otherwise, you will not make money sports betting.
7. Watch out for combination games
Combination games, jackpots and other lures from the bookmakers and betting companies are usually not a good idea if you want to make money in the long run. But if you are placing your bets with “matched betting,” it might be.
You have to decide what is worth playing and not.
The regular player usually adds an extra match to find slightly higher odds. Still, these guys don’t think that it is significantly much more challenging to manage to dot correctly and usually forget about the times an excellent combination game did not sit – which is a lot of times.
8. Long-term Think
To make money sports betting is often just a dream. Mirror casino. It would be fantastic if you got rich overnight. However, the probability of that is almost equal to zero, of course.
Thinking long term and building an expert mind is how you should do it. You may feel a month is good enough, but you need to post a full calendar year at least to make assessments.
The bets you gamble can also increase gradually, and who knows you may even live on the betting, but you need a stable mind and careful planning if you are planning to make money sports betting.
9. Reasonable bets
If you want to make money sports betting, you must start with a betting bank that can take some hits.
Many people fall into the trap and bet too big. If you do your homework and instead place around 2,500 bets a year with a lower return, let’s say 4%, you would quickly calculate a net profit of 40’000. That’s 30,000 more than the previous example.
10. Don’t need to “make it interesting.”
We’ve heard it plenty of times: “Sometimes I just play because I think it’s fun!” It is undoubtedly useful and healthy, but if you want to be a successful tipper and make money sports betting, then it is something you shouldn’t do.
Here you can read more about our Best Horse Racing Tipsters. Ranked and listed.
If you want to test a free alternative we can really recommend you to try Tipstrr’s Free Daily Tips. They are currently ranked #1 over best horse racing tipsters. Furthermore, they smash their competitors, even though the service is completely free. Claim your free racing tips today!
If you are interested in learning how to create your own strategies on how to make money sports betting, we can offer such guides as well.
- The most visited review this month is our Zcode System Review.
The chance to bet on sports for free is an enticing one to an otherwise-hesitant gambler. Many sportsbooks, therefore, use free-to-play sports betting or free-to-play contests to ease the transition.
There are several ways potential bettors can take a shot at free money with sports betting predictions. Pick’ems, trivia quizzes, and social gaming challenges can be a clever way for sports bettors to break the ice with a particular sportsbook or a few different sportsbooks.
If you’re curious about sports betting but nervous about putting your first few bucks on the line, you’ve come to the right place. Here’s a handy guide to the types of free-to-play sports betting contests you can find online in the US.
Top sportsbooks for free-to-play sports betting
What is free-to-play sports betting?
As its name implies, free-to-play sports bets are contests in which sportsbooks offer real money prize pools or specific bets for new or current customers to play without having to contribute any funds of their own.
Given that gambling operators are not known for their generosity, the idea that you could win actual prizes without risking anything may seem hard to believe. In general, the only thing that you will have to contribute is your contact information and the time required to establish an account with the sportsbook.
However, a sportsbook has two main goals in mind when it offers a free-to-play opportunity. The first objective is to expand its roster of player accounts, and the requirement that you sign up for an account makes such an event possible.
The other goal for the sportsbook is to show you how it does business. It hopes that, with any luck, you’ll like the format and feel of the book enough to invest some of your funds later. As it turns out, according to numerous sources, this strategy is fairly successful.
It isn’t nefarious for you, though. Nothing says that you have to play beyond the event itself, and you don’t even have to answer any of those marketing emails that you’re destined to receive. If you end up liking the sportsbook, anyway, then that’s fine.
Types of Free-to-Play Sports Bets
There are three main types of free-to-play sports bets that you may encounter. One of them — event-based contests — is a free-to-play option that you will find more often than any of the others. However, when there’s a possibility of free cash and prizes coming your way, it’s important to know what you might see.
Pick’ems, Predictions and Quiz Contests
Free-to-play contests revolving around major sporting events are quintessential offerings at online sportsbooks. They usually take the form of Pick’em or Survivor games that revolve around the outcomes of the games or player performances.
A classic example of an event-based, free-to-play contest is a March Madnessbracket. Many sportsbooks offer a big guaranteed prize pool to be split among anyone who registers and submits a free bracket.
Your picks compete against everyone’s else to see who picks the most games correctly. The players accruing the most points for picking games right split the prize pool.
DraftKings Sportsbook‘s free-to-play March Madness bracket, for example, had a $64,000 prize pool last year with no entry fee required. It was also open to players in all 50 states not just legal sports betting states.
Another popular free-to-play contest is the predictionquiz. In this type of game, you’re given a set amount of money you must bet on a series of yes or no propositions. At the end of the quiz you keep whatever winnings you have left.
Finally, there are also quiz contests that feature a series of questions that escalate in difficulty. Any wrong answer eliminates you from the competition. At the end of the series, any players who have successfully answered all the questions split a predetermined prize pool.
Best Online Sports Betting Apps
To be fair, the chance of winning any money in one of these contests can be low. There are always major elements of chance and uncertainty involved, and it takes quite a bit of luck to get things just right.
Because these contests qualify as sweepstakes, you will also be playing against a wider group of people. So, even if you live in a state with legal sports betting, you will have to defeat competition from most states in the country, irrespective of the legality of sports betting.
Free bet giveaways
Another type of free-to-play sports bet is the freebet. A sportsbook will often give away vouchers for free sports bets of a certain value if a player meets certain conditions.
In many cases, the condition for this type of giveaway is merely to register for an account, and perhaps enter a special free bet bonus code. This type of free-to-play sports bet is accurately described as a “no deposit bonus,” also.
A sportsbook may also give away free bets if you like and share a sportsbook’s post on your Facebook feed, for instance, or retweet and comment about them on your Twitter profile.
In any case, this free-to-play bet is a nontransferable voucher that you can only use on specific types of bets. Usually, the sportsbook will mandate that you place your wager on bets that are not enormous favorites to win.
You can’t cash out your free bet voucher. You have to use it for a bet, and if you happen to bet less than the full face value of the bonus, you will lose the remainder. So, there’s no reason to try to divide the amount of the free bet.
The most value you can hope to realize from a free bet will be the profit from a successful wager. You don’t get paid back the amount of the voucher. However, free bets are wonderful ways to build your bankroll for no risk at all. As stated earlier, they are also a great way to see how the sportsbook does business.
Free fantasy sports contests
A third common free-to-play promo is the free fantasy sports contest. While this type of betting is a blood relative with the pick’em contest, it tends to involve a regular group of matches or games, rather than a special event.
Play Money Sports Betting
The platforms that host these kinds of contests tend to allow both public and private contests to run. So, you can can choose to play against the public at large or simply compete against a group of friends. In this regard, the free fantasy contest is much more along the lines of social gaming, rather than true sports betting.
However, some companies will set aside actual prizes for the winners of these contests so it is a form of free-to-play sports betting.
How to pick a free-to-play sports betting contest
At this point, you’re probably interested in checking out the possibilities for free money floating around these sportsbooks. Of course, not all free-to-play contests are created equally. Some of them might not be exactly free, so you need to follow these guidelines for having a good free-to-play experience:
1. The contest needs to be completely free
Play Money Sports Betting Parlay
The first rule of thumb may seem obvious. However, before you commit to playing one of these games, you need to make sure that it is, in fact, completely free.
Though most sportsbooks are on the up and up, some might try to add language into the fine print that makes it difficult or impossible to collect on the prize money without making a purchase yourself. Nothing could be a nastier surprise than to come out on top of a contest only to find out that you have to come out of pocket yourself.
In reality, very few sportsbooks would try something like this, as it would likely draw the ire of regulators to do so. Still, it’s better to be safe rather than sorry, and you need to read the terms and conditions carefully before you sign up.
2. Free-to-play sports contests can be hard to complete
Before you say yes to a free-to-play contest, look at what you have to do to play. If you have to log onto the site every day for a month, for instance, you need to make sure that you can do that.
The truth of the matter is that when a chance to win money is free, you can’t afford to let the competition gain an advantage over you. Even a single missed day could be fatal to your chances, so you need to be able to play the game to its fullest.
3. Don’t play at offshore sportsbooks
You should also make sure to check out the licensing status of the sportsbook hosting the contest before you surrender your contact information. The last thing to do is supply a fly-by-night operator with your details.
4. The odds of winning free-to-play contests are high
The disappointing reality about free-to-play sports betting is that you can’t expect much when it comes to winning. These contests are promotional gimmicks that the sportsbooks use to build out their player lists and engender loyalty.
The odds involved with most free-to-play contests are prohibitively high in most cases. Even savvy sports bettors have a hard time playing in a meaningful manner here.
However, if you just want to have some fun or you find yourself a bit light in the wallet, there’s no harm in taking a shot at the big prize. After all, someone has to win it.