How To Make money with sports betting
The possibility of earning money from home is an option that attracts many people and in the sports betting sector we have to say that this is an alternative that allows us to get some extra money. But to make money betting it is necessary to take into account a series of factors as well as to have knowledge that will allow us to increase the chances of success. Do not forget that you can lose money (and a lot) betting, so it is vital to handle information from this sector before investing our money.
How to start betting
If you are one of many people who wish to win money with bets you are in the right place, however if you opt for this sector you need to know a number of parameters, concepts and factors. First we must establish a budget for our bets and this amount should be that we can afford and is that we should never bet with money that we need for other things.
Correct vision of this sector
Making money betting quickly and easily is a false claim that causes many people to enter this sector, however you have to talk about a reality that is far from this definition.
6 Tips to Make Money with Online Sports Betting
Making sports bets on the Internet is something that draws a lot of attention to the majority, and the truth is that it is possible to earn money with them if you follow some basic tips , since there is a lot of luck in the results, but there is also a Much of which you can control. We have compiled 6 tricks and tips that will help you make good decisions to win with sports betting. You can see them below:
1- Establish a budget Before you start looking at which web to bet and which sporting event, first think how much you want to invest in it. Decide how much you are willing to invest . If you are starting with online betting, your budget should be much lower at first to gradually increase it with experience . Of course the bigger the bet the more you will win, but start by stepping over sure and then you will be emboldened.
2- Use a bet comparator: Comparators of bets are a very good guide to making bets on football, basketball, cycling, motor … For all sports betting in general, go. These websites compare the odds of the leading online bookmakers for every game or sporting event. In this way, you can see at a glance what you could win if you bet on each of them, and choose the betting website that gives you a higher fee.
They also have information about the different online bookmakers that exist, so you can choose the one that best suits your needs. Ranking of sports betting sites. And now you will say, “Very well, but which comparator do I choose? “. Well the truth is that there are several, but to us one of the good betting comparators out there is oddsportal Check it out.
In addition to comparing odds and finding information on the different online betting websites, you can also compare the welcome bonus offered by each of them through the comparator, which will help you to get started in the betting world. we also have some other ones like wincomparator
3- Choose a specific sport and specialize We recommend that you do not try your luck first with boxing, then with cycling and later with soccer. Choose a niche and dedicate yourself to it by tracking it to find out trends and reading about it in specialized press and blogs, since the more knowledge you have about the subject, the more chances you will have to win your online bets.
4- Do not bet everything to the same event, diversify It is better that you bet a little on each event or match to bet everything on the same event, as the risk is also shared and also the options to win.
5- Betting on losing teams when playing at home, Teams, when playing at home, are more motivated . That means they are more likely to win than someone else’s. As someone said “Their bravery when they play at home makes them fearsome.” For this reason, teams usually win the games they play at home. Take advantage of this tendency to bet on “losers” teams when they are playing in their field. ‘
6- Avoid betting live With the cold mind it is much easier to act with sanity. Do not get carried away by the emotions of the live because you are watching the soccer world cup final with your friends. You can see other articles similar to 6 Cheats to win sports bets online in the section Tricks to earn Money .
3 Good Ways to Make Money with Sports Betting
There are many tricks, methods and strategies to make money with sports bets. Many people even come up with systems to make money in a continuous and systematic way, drawing the newcomers to the world an idyllic paradise of unlimited profits, though it is my opinion that this ideal world does not exist.
How is it possible?
There are three basic gaps through which we can be part of that minority that earns money through betting. These three methods are simple and known by real professionals, who use them successfully in their operations. And they are the only ones with whom we can establish strategies of entry and exit of our profitable bets in the long term.
Let’s see, then, the three ways to ally with bookmakers and profit from it.
Method 1: Directional Betting
Directional or Value Betting Directional betting is simply betting on a result. Behind the underlying mechanism of the bets: we put money in favour of a certain team, if I win I take it multiplied by the quota, if not, I lose. We play, then, simply against the probability of the result, something that the bookmakers handle to the perfection.
Does it make economic sense to bet this way?
Yes, in a single situation: when the implicit probability of the odds offered by the bookmaker is less than the actual probability that the result will happen. In this case, it is said that the bet has value .
With an example, imagine a football match: Real Sociedad Vs Real Betis. Assume that the odds for the victory of the Royal Society are 2. This means that the probability that the bookmaker assigns to this result is 50%. Therefore, it only makes sense to bet if the real probability that the Real beats Betis is more than 50%.
This is not a frequent situation, but rather the opposite. As we explained earlier, bookmakers have huge human and technical means, so they handle statistics and probability better than anyone else. However, sometimes it happens that the bookmaker is forced to move the quotas out of what the statistics mark them, and that situation can create precisely the wrong estimates of the mass of bettors.
If a large part of the money is concentrated in certain results, it is very common for the bookmaker to modify the quotas of the complementary results to make them more attractive to other bettors and to balance their risk, thus providing a long-term earning opportunity .
Again with our example, if most of the betting money goes to draws or wins from Betis, our bookmaker can choose to offer odds of 2.2 or 2.4 that assume implied odds of 45% and 42% respectively. With these quotas and a real 50% probability, it makes sense for the world to bet on the Real Sociedad The bet therefore offers value to the bettor, its expected value or expected value is positive.
To evaluate them, we have developed this method of analyzing the value of sports betting . With this mechanism, the individual bettor helps the bookmaker to rebalance the market, and positions itself in fact against the other bettors.
Method 2: Betting Arbitrage
In terms of investment, the word arbitrage is used when a safe profit can be obtained in situations where two or more markets are unbalanced. In bets, such as the big market that is where they buy and sell odds of events, it is possible – and very profitable – to apply this concept.
Who would not be happy to find a profit opportunity Betting Arbitrage or how to win safe bets on football and other sports insurance? For this, we simply have to find a match where the opposite results give us odds whose sum of probabilities is less than 100%. Or put another way, where the net spread is negative.
The key is to compare the odds of different bookmakers. No bookmaker will give us his margin, but it may be possible that due to the dynamics of the market, two bookmakers are forced to adjust their quotas so that a bettor takes a position in a bookmaker, and the opposite in another , So that regardless of the outcome a benefit can be obtained.
With our football example: if a bookmaker offers a fee 2 for the victory of the Real sociedad, and another house offers a 2.4 share for the draw or defeat of the real, investing 100 euros in the first bookmaker and 83 in the second , We will obtain a SAFE profit of 17 euros, regardless of the result:
If Real Sociedad wins: we have invested 183 euros, the prize is 100 x 2 = 200 euros, we get a profit of 17 euros
If you lose or lose Real Sociedad: invested: 183 euros, prize = 83 x 2.4 = 200 euros, profit 17 euros
Note that the odds of managed quotas are 50% and 42%, whose sum is 92%.
Again, this situation will occur in cases where two betting houses have de-compensated two opposite results. With this double operation we are helping them to balance their positions against the majority of bettors.
Method 3: The Trading Sport
The concept of sports trading also comes from the stock market. It consists, in the purest style of the stock market speculation, in negotiating with the temporary evolution of the quotas of a party. As we have Sports Trading As discussed before, bookmakers dynamically move their odds as the betting is settled to ensure that these bets are offset against each other, and they get their benefit from the spread .
The most evident situation of this evolution of the quotas is during the live matches. Take again as an example our clash between Real Sociedad and Betis. Imagine that the game starts with a draw to zero, is very stuck, and we think it is very likely to end like this.
We settle for a draw, say with a fee 3. After 20 minutes, if the score has not moved, the odds will be reduced to 2.4, as the probability of the game ending in a tie will have increased. If now the match opens and we estimate that either team can score, we can choose to close our position and win the difference of odds, in two possible ways
Betting simultaneously on the two complementary results (it should be ensured that the margin implied in these other quotas allows this) Selling our tie position, or in stock terms, putting us short to tie
This second option is certainly cleaner, but the only bookmaker with a real market that allows us to be the brokers that offer the bets is Betfair , making it the ideal operator for the exchange betting trading . We have made a complete analysis on the Betfair bookmaker, which you can consult in the link above.
All of these methods are simple to enumerate, but not easy to execute. They require tremendous effort and dedication to get them started successfully.
Common Bettor Errors
We have already commented in the beginning of the article that the main mistake of the common bettor is not to be aware of the complexity of this sector. First of all it is necessary to know such important concepts as stake, bank control or yield, as well as we must take control of our bets and that means that it is advisable to put a limit of units played.
Another of the usual mistakes is to bet live considering the statistics that we propose the bookmakers, a very common mistake and that can cause us to lose a lot of money and is that the statistics do not always reflect the reality, so it is of vital importance Bet only when we are following a live event.
Finally we must mention the “tilt”, a concept widely used in this sector and indicates that the player has lost his head betting. This situation becomes visible especially when the player has a bad run and ends up playing all the money left in the bank with the aim of recovering losses quickly. In the vast majority of cases, the result is bankruptcy.
By way of summary we can say that making money with sports betting is a reality and in fact many people are living from it, however we are talking about a group of professionals who devote a lot of time to this sector and that take into account all types Of factors to increase the chances of long-term victory. In short, this is an exciting sector and has countless possibilities where we can demonstrate our knowledge and self-control, you just have to follow tips and always be up to date,
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