Betting on sports is a full-time job for this N.J. man
A Simple Guide To Making Money From Sports Betting Sports betting for a living is probably a dream job for many making money through soccer betting />The number one reason people get into sports betting is to try and make money.
You might get lucky early on in your betting career but in the long term it is extremely tough to make money from the sports betting markets.
How do you bet on sports successfully?
There are a few simple methods which actually do make money long term.
Which are also relatively easy to learn.
What are these methods?
Which has also been known as bonus abusing or bonus whoring in the past.
Matched betting is great and personally it has made a huge difference in my life.
I used profits from matched betting to learn more here for the deposit on my first house.
So what is matched betting?
Matched betting is using bookmaker free bet offers combined with to guarantee that a profit is made no matter the outcome of a sporting event.
The easiest way to explain this is with an example.
Lets take an article source I received from Betstars as an example.
The sign up offer is bet £50 at odds over 1.
I open my Betstars account and look to make a bet of £50.
For this initial bet I am looking to find a close odds match between Betstars and the betting exchange that I use Matchbook.
I find a close match in odds in a game between Wolves and Norwich City.
The odds of Wolves to win with Betstars are 1.
I place a bet of £50 to return £80.
Then I go over to Matchbook to place a lay bet.
A lay bet is when you effectively take on the role of a bookmaker.
With this lay bet I am saying that should Wolves win I will pay out £32.
Lay bets are options only available with a betting exchange.
Lets look at the three possible outcomes of the game.
Wolves win — £30.
Wolves draw or lose — £50.
Using a free bet The Wolves vs Norwich match ended up being a draw.
The £20 free bet was credited straight after the game.
Now we go through the same process as before making money through soccer betting look for a close odds match between Betsars and Matchbook.
However due to this being a free bet I look at higher odds in order to make as much profit as possible from the free bet.
I find a making money through soccer betting odds making money through soccer betting between Betstars and Matchbook at high odds.
Atletico Madrid were taking on FC Copenhagen in the Europa League that night.
FC Copenhagen were priced 16.
So I placed my free bet by backing FC Copenhagen for £20 to win £300.
I placed my lay bet on Matchbook risking £280 to win £17.
FC Kopenhagen win — £300 is won with Betstars, £280 is lost on Matchbook.
A total of £20 profit is made.
Atletico Madrid win or the match is a draw — £17.
A total profit of £17.
Taking into account the initial £1.
You can see I am guaranteed to make either £16.
Video walk through of this offer Where can I find matched betting offers?
There are lots of these sign up offers where you can follow the same process.
New bookmakers appear quite frequently.
A quick google search for bookmaker sign up offers will bring up hundreds of results.
However my advice would be to join a matched betting service such as.
They take out all the hard work and give you step by step instructions for each offer.
This will save you so much time in the long run and also should stop you making any errors which could cost you.
They now however have their own dedicated service.
Offering an extremely in depth and content rich service that also offers arbitrage and dutching software.
It gives you all the tools that you need to succeed in matched betting and make big profits.
Here are some of the sign up offers available to me even after I have been matched betting for years.
How much money can be made from matched betting?
It is possible to make a lot of money matched betting.
In my own personal experience I have been able to make over £10,000 a year.
If you utilize everything that is available to you then I believe this is achievable for most people.
There are other individuals I know that are making much more and are able to make this a full time income.
There are hundreds of matched betting offers to make making money through soccer betting from.
So we have taken a good look at making money from sports betting through matched betting.
Now lets take a look at another method which will enable you to make more long term profits.
Arbitrage Betting An arbitrage bet is when you can cover all outcomes of an event and guarantee yourself a profit.
Personally I like to use arbitrage betting with bookmakers that either.
Have banned me from bonus offers but will still allow me to bet.
To show an example, my Paddypower account is limited.
This means that I am not able to receive promotions.
Paddypower though are a good bookmaker for arbitrage and I am still able to place bets with my account.
Arbitrage Example In order to find arbitrage bets you really need to use software.
For this example I will making money through soccer betting the Oddsmatcher software that comes with.
I find making money through soccer betting good arbitrage bet with Paddypower and the betting exchange Smarkets.
Which allows lay bets and functions like Hibernian vs Celtic is showing as a 7.
So I log in to my Paddypower account and back Hibernian at odds of 9.
Risking £40 to win £320.
I then go over to my Smarkets account and place making money through soccer betting lay bet with the aim to win back the £40 I risked on Paddypower.
This works out at a potential loss of £287.
Ultimately this means that I am only risking the £0.
In order to win £32.
Now this is my personal preference as I like to put my profits on to one outcome.
This is because I find it much quicker and often the value side is with the soft bookmaker.
However you could average the profit out across all outcomes.
So that you would make money no matter the the final outcome.
Using the calculator you can see that the profit would be £3.
Simple but effective You might be thinking wow this is awesome.
Free money for the rest of my life!
Unfortunately bookmakers will eventually limit your account to pennies if you are arbing.
Even in some cases close your account.
However sometimes this can take years.
Given that bookmakers only want losing players then it makes sense to hammer them for as much profit as possible.
Before those limitations come.
Interested in learning more about arbitrage betting?
The If you want to make low risk profits from the world bet money bovada sports betting.
Matched here is a great way to start and arbitrage is an excellent method to keep the profits coming.
These are two simple low risk methods that will allow you to potentially make tens of thousands of pounds profit from the sports betting markets.
Ryan Bruno is a former mixed martial arts and kickboxing competitor.
He loves sports and making money online.
After finishing university he played online poker and taught English for a living in Thailand for a few years.
Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage.
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SURVIVING ON BETS PART 2
Is it possible to make money on sports betting? Yes, says Simon Inglis, who has earned more than a best-buy savings account in a year – but no if you look at the victims of the industry, as we.
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