- Making Money Off Sports Betting Websites
- Making Money From Sports Betting Reddit
- Making Money Off Sports Betting Tips
Making money betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off of sports betting. On this page you will find sports betting strategy and tips to help you become one of the winning bettors.
I earn a great living solely off Sports Betting in a family full of Alcoholics and Complusive Gamblers. Young entrepreneur, mathematically profiting off of the same Vice that has destroyed many people in my family. Ask me anything. Your goal is to invest as much money. Sport betting is a good way to waste money but you can never make money out of it. I’ll explain it in stages what actually happens. Stage 1: You start betting and I am 100% sure you will win in the initial.
Below I talk about the basic sports betting strategies for beginner bettors, but if you are more experienced you can check out the advanced sports betting strategy articles towards the bottom of this page.
The Basics To Sports Betting Strategy
In order to help yourself make money or a profit from sports betting there are a couple of basic strategies or tips you will want to understand and follow. None of these sports betting strategies are secrets by any means, but following them will help you win money betting on sports.
The bettors who don’t follow any of these strategies are often referred to as “squares” and those are the type of bettors that the sportsbooks will make their profits from.
#1 Money Management/Bankroll Management
When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose. Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NFL season was $1,000 you would be making $10-$50 bets on each NFL game you wanted to bet on. It is also very important that you do not chase your loses with bigger bets. It is common for some sports bettors to be down money and feel in order to win it back they need to increase the size of their bets. This is putting yourself in the wrong mindset and will often lead to you losing even more money. Work with the size of your bankroll, and look to slowly increase it over the length of the season.
Here’s a video going over Bankroll Management strategies for sports betting:
#2 Bet Sober and Don’t Go on Tilt
Although betting while sober seems like common sense, you’d be surprised how many people bet on sports under the influence. Is it a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling? I don’t think so. I don’t want to sound like your mother here, but betting while under the influence will impair your judgement and should definitely be avoided if you want to become a winning sports bettor.
The second part of this tips is “Don’t Go on Tilt”. Going on tilt or “tilting” is a commonly referred to term with poker players and basically means letting your emotions take over, which often leads to bad decisions. If you are angry or upset at something, such as a couple bad beats with your sports bets, you shouldn’t be placing any more bets. Take a break, go for a walk, get your mind clear before you start making anymore sports betting picks.
#3 Do Your Homework
This is maybe the most important sports betting strategy. You will always want to do your research before placing your bets. Although going with your hunch when betting your favorite sport may work some of the time, in the long run it will not lead to you winning money betting on sports. In order to profit from sports betting you will need to research, study, and do your homework for each pick you make. Look at stats, find trends, create sports betting systems, analyze past games – basically do everything you could possibly do to ensure you have value in your pick before you place your wager.
#4 Line Shopping
A very big step to becoming a winning sports bettor is to make sure you are shopping for the best lines. What this means is that you will have to have an account at a couple of different online sportsbooks and when you are ready to make a bet on a certain team or outcome you check the different sportsbooks and find which book is offering the best line for you (this ties in with our advanced how to find max value article). For example, if you are looking to bet on the New England Patriots on a 7 point spread, you would want to check a couple different sportsbooks to see if any of them are offering the Patriots at 6.5 points, or at the very least find the best price you can get them at 7 points at. Over the course of a sport betting season you can win yourself a lot of money from shopping the lines that would otherwise would not be one. Line shopping is definitely one of the best sports betting strategies used by winning sports bettors. To see a list of sportsbooks we recommend signing up for visit our Online Betting Sites section.
I’ve created a line shopping video and posted it on YouTube (seen below):
#5 Avoid Buying Points
Avoid falling into “square” tendencies such as buying favorites down or underdogs up. For example, some bettors always feel the need to buy an NFL favorite of -3.5 down to -2.5. The sportsbooks are smart enough to charge more juice to do this, mathematically making it a bad strategy. The same goes with buying an NFL underdog from +2.5 to +3.5 for example. In 99% of cases I would advise against it. Check out the video I made below about buying points on NFL underdogs.
Other Sports Betting Strategies and Myths
Above are the four main basic strategies you will want to follow in order to become a winning sports bettor, but there are a couple of other tips you can use to help you win money.
For one, you can try following a sports handicapper who is using a proven sports betting system. Be careful of scammers out there though. If they don’t show their past records long term plus proof I would pass, and in most cases I wouldn’t be paying for picks at all.
An old sports betting strategy is to bet on home underdogs. The theory is that teams are usually more inspired to play at home, and they will often not fold if they are down like they may when on the road. Betting home dogs in the past could have made you money, but this isn’t true as much anymore. You can read the current betting market article to learn why.
The last tip I have for you is to try and place your bets at the right time. With lines shifting from the time they are posted to the time the game starts, you will want to get your bet in at the time when you are getting the best price. Predicting line movements is extremely hard but it is worth looking into. Check out the video below that I made titled “When To Place Your Bets”.
Advanced Sports Betting Strategy Articles
» How to Place a Bet
» How to Win at Sports Betting
» Sports Betting Math
» Teaser Betting Strategy
» Prop Betting Strategy
» How to Get Max Value When Betting
» Future Betting Strategy
» NFL Bye Week Betting Strategy
» Parlay Betting Strategy
» Pleaser Betting Strategy
» Sweetheart Teaser Betting Strategy
» Current Betting Market
» How to Research Your Bet
» Mistakes You Need to Avoid
» Things Beginners Need to Know
» Win/Loss vs Value
There are a lot of ways to earn a living these days and people are getting creative about how they do it. Things like baseball cards and video games used to be mere hobbies, but today, people are finding ways to create fortunes with them.
Sports betting is becoming incredibly popular and several people rake in plenty of dollars with their betting knowledge each year. Places all over the world are embracing sports betting and legalizing it.
But the real question is this — can you make a living off of sports betting?
Below we’ll answer that question and so many others. Use these guidelines if you’re thinking about winning big with sports betting.
Can You Make Money from Sports Betting?
The simple answer is yes. However, there’s nothing simple about earning a living through sports betting.
There are people who earn a living playing poker and other casino games. These high stakes games sharpen your skills against the best in the world and allow you to live an adventurous lifestyle that most could only dream of.
The fact is that there is plenty of money to go around for anyone skilled enough to earn a living through sports betting. The challenge is learning sports betting and growing those skills so that you can treat it like a job and not like a tourist spending time in Las Vegas for the weekend.
A lot goes into sports betting for a living, but the payoff is sweet if you’re willing to put the time and effort in.
How to Make Money as a Bookie?
So what can you do to become a professional sports bettor? Here’s a beginner’s guide for getting started:
- Learn These Sports Like the Back of Your Hand and Have Some Specialties
You stand a much better chance to earn money with sports betting when you have deep experience in the sports that you’re betting on.
Nothing adds to the fun of a fight weekend like seeing the betting lines and odds released by Vegas. Too many people look at the betting lines that come out but don’t know or understand the true nuances of the sport.
It’s when you understand all of the players and moving parts that you can pick out those high-reward bets that can truly take your income to the next level.
Treat yourself like a business and subscribe to sports packages that allow you to watch lots of sports competition, study game analysis, and read sports news.
- Practice With Some Mock Scenarios
Try out the demo version of a betting platform before you put down real money.
By using mock scenarios to learn the ropes, you get to learn exactly how betting happens without having to risk real-life money. This will help you get your confidence together and take the stress out of mistakes.
Most of today’s most reputable pay per head sportsbooks come complete with trials and demo versions that you can use to your heart’s content.
- Research the Different Kinds of Bets You Can Make
The real work happens when it’s time to research. Brush up on all of the different types of bets you can make and learn them like the back of your hand.
This means learning like the moneyline, spread, parlays and so many other types of bets. You need to familiarize yourself about when betting windows open and close, and whether you’re allowed to wager in-game.
Each platform has its own rules and you might see different odds depending on the pay per head bookie website that you’re going with.
- Choose a Reputable Sports Betting Platform
The best thing you can do for yourself if you’d like to bet on sports for a living is to choose a platform that is reputable and trustworthy. The last thing you would want is to win a bet and find that there are snags in getting your payout.
A site that is susceptible to breaches and downtime could also leave you out of luck or unable to put money on a hot bet when the time is right.
Research the many different sportsbook betting platforms and choose a pay per head website that gets stellar reviews and the most trust in the gambling industry.
Look into sports betting software that also allow you to use Bitcoin and other forms of crypto.
- Keep Your Life Light and Flexible and Save Some Money
It can’t be stressed enough that there’s a difference between sports betting for fun and doing it for a living.
If betting is what you like to do for a living, you need to set your life up to support this career. This means stashing aside large sums of money for a rainy day. Don’t touch the nest egg unless you absolutely need it.
Yes, that means even if you stumble upon a can’t-miss bet but don’t have enough money for it. Your rainy day fund will save your life and allow you to keep doing something as fun as sports betting for a living.
Keep your life as light and flexible as possible. Consider a rental agreement with a flexible lease. Many people live out of Airbnb’s or pay for their living arrangement upfront with cash after a few big sports betting wins.
Do whatever you have to do to secure your lifestyle so that you can stay level-headed and never act out of desperation.
Making Money Off Sports Betting Websites
Learn the Ropes of Sports Betting
Making Money From Sports Betting Reddit
So can you make a living off of sports betting? The tips in this article make that picture clearer for you. If you’re ready to learn a lot and have a comfort level of dealing with uncertainty, sports betting can become a fun and lucrative way to earn a living.
At www.AcePerHead.com, we have decades of experience in the industry and would be happy to help you out. Create a pay per head package with us today online or give us a call at (800) 909-5193 if you have questions.