Are you looking for a way to make money online with sports betting?
Sports betting is a lucrative market that has grown big in the last few years, and it has made available many ways for sports bettors to make money from it. This is why there is no shortage of sports bettors that constantly try their luck for a shot at earning big from this industry.
If you are one of such bettors, then you should understand that sports betting is fun and can only become a way to make money if you learn how to profit from it. This starts by understanding the odds and of course, steering clear of bad bets.
You’re no longer a passive bettor who just hopes their favorite team will win. You are now an involved punter who needs the team they backed to win because there’s a lot at stake (literally).
This article will reveal 5 ways to make money online with sports betting. These are proven, failsafe methods that will put you closer to generating a profit and can help you minimize your loss. These tips aren’t a quick one-time fix and can be used over a long period of time.
Ways To Make Money Online With Sports Betting
1. Matched betting
2. Sports betting contests
3. Arbitrage betting
4. Use tipster betting
5. Sign up as a betting affiliate
5 Ways To Make Money Online With Sports Betting
The methods we’ve listed in this section are good for you to try because they work whether you are an active bettor or someone who just wants to make money from their betting knowledge without placing bets. They fit gamblers and non-gamblers alike.
1. Matched Betting
Matched Betting is a means used to gain profit from the free bets and promos provided by online bookmakers. This method is one of the risk-free ways to make money online with sports betting as it is based on a mathematical equation, not luck.
In a matched bet, you place a stake without actually taking the risk involved. You do this in two easy steps. First, Back at a bookmaker by predicting a match outcome, next Lay a bet against this sports outcome with the same odds.
By doing this, you break even without suffering any losses or winning because your two bets cancel out each other.
2. Sports Betting Contests
If you don’t have the funds to start betting on sports, but you have good enough knowledge on how to beat bookmakers, then you can enter sports betting contests.
Sports betting contests can work for you if you do not want to risk your money. You will instead do quests where you bet with imaginary money or net units.
You just need to find these contests and compete with other people. Sports betting forums and portals often conduct them, and they are sponsored by online bookmakers.
If you are successful with all your bets, you will be given real money at the end of the contest. The online bookmakers in charge transfer money to your e-wallet if you’re good with your wagers.
3. Arbitrage Betting
Arbitrage Betting (Surebets or Arbing) is a betting technique where you place multiple bets on a sports event using various bookmakers, and make money no matter the outcome.
Arbing typically takes advantage of variations in odds by different bookies to earn profits. It is similar to Matched betting but without bonuses.
When you are Arbing, you’re covering all the possible results predicted by a Prediction Site about a sporting event to get a payout no matter how the game ends. The different odds on the probability of an event by bookmakers allows you to do this.
With a good betting exchange website you can bet against an outcome, and also for it, this makes arbitrage easy.
For example, if there is an ongoing football match. One bookie predicts that Los Angeles Rams will win, while the other says the Las Vegas Raiders will come out victorious, they will back up their predictions by pricing their odds differently.
If the difference is much, you can take advantage by betting at both bookmakers on opposite teams, so that whoever wins the match, will make you money.
You can use good Arbing software to make this technique more straightforward and profitable for you in the long run.
4. Use Tipster Betting
Tipster betting is another way to make money online with sports betting and in it, you follow the tipster’s advice rather than a bet based on your instincts.
If you are new to sports betting or don’t have time to identify an edge over online bookies, using a tipster service can help you find reliable betting suggestions.
On the Internet or social media, you can find both free or paid tipsters for you to select from. Using a paid tipster requires money, so, do thorough research to find a trustworthy Tipster. This way you don’t lose your money and you get long-term profits.
Follow tipsters with a proven track record of winning bets against numerous bookmakers and can independently provide verified results based on a level staking plan.
Besides being genuine, the tipster you use should have a winning streak of a year or more. They shouldn’t be obsessed with short-term and quick success.
5. Sign Up As A Betting Affiliate
Becoming a betting affiliate is another way to make money with sports betting, without having to place a single wager. You can do this even if you are a non-bettor.
With a website or a high-engagement social media page, you can post advertisements and nudge your sports-loving followers to sign-up with several online bookmakers. When they do sign up, you get a commission.
If what you operate is a tipster service or a match review site, you can recommend online bookies to users and get paid every time they sign-up.
Likewise, you can join a betting exchange site and back or lay bets with other members as a sports trader.
Related:
5 Things To Look Out For When Researching For A Football Bet.
How to Make Money in Pro Sports Betting.
D0’s And Don’ts To Winning In Sports Betting.
