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How to Make Money With Sports Betting: 10 Tricks That Will Surprise You

How to Make Money With Sports Betting: 10 Tricks That Will Surprise You

Table of Contents

Earn money with sports betting, myth or reality? It is not easy to beat the bookmakers, but we offer you 10 techniques to start making money with your sports bets. Click here to know more about sportsbook in Nigeria

Is it possible to make money with sports betting? It is the question that most online players and bettors ask themselves, and it is a very difficult question to answer. Yes, we can make money with sports betting, but it is not easy at all. There are very few who can afford to live on what they earn betting in the world of sports, and we cannot forget that we play against a bookmaker and that, as we have heard so many times, the bank always wins. And more in a long-distance race like this.

According to the data handled by the General Directorate for the Regulation of Gambling (DGOJ), only one in four players earns money with bets and online gambling. But the difference between winning a small amount of money and winning real money is such that the percentage of players with winnings of more than €3,000 does not exceed 0.55%. The figures are not deceiving, the work is difficult, but with patience and a lot of thought we have the possibility of earning money by betting.

The Most Important Sports Betting Terms Explained - Dream Team Promos

10 tricks to win sports bets

Even so, there are a number of tricks or tips that we can put into practice in search of that goal of winning with sports betting now. Before reading on, you should be clear that it is a very difficult path, and that one of the determining factors is chance, so none of the tricks that you will see below is infallible, although they do have a fairly high percentage of effectiveness. At the end of the day, the 100% sure bet does not exist, and the easier it is to fulfill it, the lower the quota will be and the more you will have to invest to make it come out.

  • Bullish directional bets: seize the opportunity when you see it

There are trains that only pass once in a lifetime, and that’s the thing about directional betting. The key is that the implied probability of the quote offered by the bookmaker is less than the real probability that the predicted result will occur, that is, that the bet has value. Although the bookies establish a quota before the match, it fluctuates and many times they are forced to increase it, which will increase your chances of success. This is what happens when in a 1X2 bet the away odd is 2.0 (50% probability) but it goes up to 2.2 (45%) because the bettors opt for 1 or X. That is why it is necessary to analyze the evolution of the fees.

  • Betting arbitrage: he who seeks finds

Although most bookmakers offer similar odds, sometimes we find great differences and an unbalanced situation, where we can find safe bets. It is clear that no bookmaker will offer odds where you can lose, but if you analyze the odds of different bookmakers, it is relatively easy to find that negative spread due to the odds adjustment. Thus, by making a contradictory bet with both bookmakers you will see that, whoever wins, the real winner will be you since the profits of one bookie will compensate for the money lost in the other bet.

  • Low odds are not always safe bets

Legend has it that with a low quota we are guaranteed green, but this is not the case. For example, with an odd of 1.05, common in sports like tennis, the chances of it coming out are 99.05%. However, it is a worthless bet, which does not help us to improve our odds around 1.5 and which will put our bankroll in danger. By taking the green for sure, we invest more in the bet than we should, putting a high percentage of funds at risk to obtain minimum profits that do not always end up coming out. Such low odds have no value and will not help you win money betting.

  • Concentration against impulses: analysis is the key

An analysis is one of the keys to making your bets a success. We cannot bet impulsively, although many times our instincts lead us to do so. Behind each bet, there should be a deep analysis of the odds and predictions of the bet. You have to be fresh to bet so we will not play when we are emotionally affected, to overcome a bad streak, or under the influence of substances such as alcohol or drugs since in these cases we do not correctly analyze the situation or assess the risks. If you do, you have all the numbers to end up losing.

  • Specialize in a market

You have to diversify your bets (don’t put all your eggs in the same basket), as this spreads the risk, but you can specialize in a specific sport or market. For example, if you like boxing you can specialize in betting on the noble art; if you are a follower of the Premier, you can do it in British football… A few years ago it would have been very complicated, but you have at your disposal all the necessary means to follow a competition or sport and specialize in it. Remember that the more you know about it, the easier it will be to hit your bets and the more options you have to win with them.

  • Bet with your head, not your heart

We all remember that announcement of the Quiniela where a player celebrated the defeat of his team because he had hit the Plenary at 15. It is not necessary to go to that extreme, but we will bet with our heads and not with our hearts, although sometimes it is more tempting. We have thousands of sports and markets that we can bet on, so we don’t have to limit ourselves to our team, even if it is the one, we know the most. When we bet on our team, we usually do it for the result we would like to see, not for the most likely, so look for other markets and enjoy your team to the fullest without negatively affecting your pocket.

  • Beware of combined bets

A parlay bet is just the sum of bets, and the more variables you add to the sports betting slip, the more chances you have of losing. Of course, as our combination grows in variables, so do the odds and there are not a few bookmakers that offer us a bonus from a certain number of selections. The final odds are very attractive, and they can come out once or twice, but in the medium and long term, the combined bets will cause you losses. The easiest thing is that you end up losing, even combining selections with very low odds, of those that have almost no value. This also applies to system bets.

  • Avoid live betting

We have already talked about the importance of betting with your head, analyzing the bets, the evolution of the markets, etc., so… can we bet live? Not all bookies offer the option of live betting, but you have to be very careful because when we bet live, we get carried away by our impulses and emotions, and that is something that gets us nowhere. You will hardly win by betting life, so if you really want to make money with your bets, stick to pre-match bets.

  • Tipsters: not everything goes

Everyone is capable of giving a forecast for a sporting event. Even you can do it, but that doesn’t guarantee you’ll be right. Tipsters play a very important role in the prior analysis of many bettors as they provide essential data and statistics for the success of the bet. But the network is also full of tipsters of dubious reputation, many of them paid, so before risking your money following the advice of these tipsters you should know the tipster, the percentage of success that he usually has, in which markets he specializes, yield, etc. And you also analyze the bet and decide if it convinces you, do not follow it just because a tipster advises you.

  • Betting trading

We have said that when we bet we play against the bookmaker, who has everything to win. But every rule has its exception, and in this case, they are the so-called crossed bets, in which instead of playing against the house we play against other bettors. Thus, you become the bookmaker. Winning with cross bets tends to be easier than with traditional ones, but the big problem with this model is the scarcity of the market in Spain: only Betfair allows us to make cross bets through its Betfair Exchange.

One last thing to keep in mind is not to look for immediate returns, but to think long term. Any expert will tell you that at first, it is easy for you to lose with your bets, but little by little you will start to recover. Earning money with sports betting is a very long race, and it is easy for you to go through potholes that make you consider a change of strategy. Logically, continuous losses are unsustainable, but you have to be patient and analyze the situation and possible solutions.

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