Can You Earn Enough Money from Sports Betting?
Can you get rich with sports betting? Rather not. Is it possible to make money with sports betting, especially on websites that also offer situs judi slot (slot gambling site)? Yes. But you should not expect too much and it also requires a bit of discipline.
As always, fun is in the foreground in sports, so it should stay. But the most fun is clearly winning. That’s why we’ve put together a few tips for making money with sports betting for you. First, however, we clarify under which conditions you can really make a living from betting.
Requirements to be able to live on bets
There are actually people who make so much money with sports betting that they can live on it. However, these are people who had certain prerequisites for this.
If you can earn money with bets, you usually already have a lot of money anyway. Because with small stakes no wealth can be accumulated. In addition, a professional sports betting player must have enough on the high edge to survive dry spells. A rule of thumb speaks of capital for six months. Think for yourself how much money you would need to live on it for the next six months.
Sports betting professionals have great discipline, completely eliminate emotions. They also do not sit in front of the TV and enjoy a football match in peace. Those who can earn money with sports betting to live on it constantly compare odds, calculate their stakes and only look at numbers.
Dealing with capital and discipline in successful sports betting
How can I make money with sports betting?
If you want to earn money systematically with sports betting, you should not rely on high odds in the hope of quickly making a big profit. So also avoid large Multiples. In the case of station wagons, not only do the odds multiply, which is of course an advantage, but also the probabilities of what is a disadvantage.
So here’s the case: The more games you include in your bet slip, the lower the percentage probability that your combo will go through. So you would expose yourself to unnecessary risk and make your bet dependent on pure luck – this contradicts the sports betting rules for professional or advanced sports betting friends. Better take a maximum of three tips with favorite odds in combination, because the odds are still worthwhile:
For individual tips, it is also advisable to rely on favorites with still worthwhile odds. You should also always keep an eye on the “double chance”, which protects you against draws.
The quota does not always say everything. There are often games in which a favorite has worse conditions than expected. Is the top scorer injured? Is the game possibly unimportant because the progress or the place on the table is already fixed? Is the other team a real fear opponent?
These and other questions are important if you want to earn money with sports betting. You don’t have to become a statistician in this area, but working with statistics will help you analyze and make predictions. Gaining experience with the leagues and competitions you bet on is therefore the order of the day so that your bet does not become a gamble.
Find suitable bookmakers
In order to be able to earn money with bets, not every betting provider is equally well suited. On the one hand, quotas are important. Some bookmakers make significantly worse offers here than others.
One reason may be that the betting provider does not pass on the 5% betting tax to its customers. In return, he uses slightly worse odds to compensate for this loss. Just compare a few bookmakers briefly in terms of odds, betting programs, and ease of use.
In your analysis, a favorite bookmaker will most likely emerge. Tip: We have already introduced you to the best bookies in this regard in the table on this page.
Payment methods also play a role
If you want to earn money systematically with sports betting, you have to be able to deposit and withdraw funds quickly in order to be able to react to good opportunities. So make sure that fast and safe methods such as PayPal Sports Betting or Trustly. There are several good bookmakers that meet such requirements. Sports betting professionals use several betting accounts at different online betting offices anyway.
Professionals who make money with bets have multiple betting accounts to quickly compare odds and choose stakes accordingly. There are a few good sites on the net that show you such an odds comparison at a glance
With which sports can I earn money in sports betting?
You can use almost every betting provider on the most popular sports and therefore theoretically earn money for every sport with sports betting.
In addition to football bets and Co., there are often otherwise rather little noticed sports in the betting program, such as darts or table tennis, but also those that you may have seen on TV or stream, but on which you have not yet bet such as darts, Formula 1 or winter sports. A betting provider that offers one of the largest ranges of sports is Unibet.
However, we advise you to only bet on the sports with which you are actually familiar. If you play football, then football bets are probably for you. If you regularly watch basketball or the NFL, you could bet on these sports instead of football bets. In our experience, the success rates are higher if you already have experience with the respective sport. Which sport you can earn money in in sports betting, can not be answered in general, but depends on your preferences and your expertise.
What types of bets can I make money with?
You’ve just learned that you can bet on different sports. For each sport, however, there are further subdivisions into betting markets. For example, in football, there is the Bundesliga, Serie A, Premier League, etc. You can bet on the teams that participate, i.e. Bayern, Real, and Juve. but also smaller teams – the main thing is that betting markets are offered on the teams.
These betting markets include various choices. So you can theoretically earn money with tips on victory, but also on draws or how many goals there are at the end.
You can give these tips before the game, or you can play a live bet. Many advanced betting friends specialize in live betting and is not bad with it. Whether this is also suitable for you, you have to find out for yourself.
In the form of placing bets, we recommend playing single bets. Single bets are less risky than combination bets. What you can earn less long-term money with sports betting are long-term bets.
With which bookmaker can I earn money with sports betting?
There is no bookmaker where you go out safely with profits. It always depends on your own tips whether you make money with sports betting or not. But you can influence by choosing the betting provider, what you can bet on or how high potential winnings are.
If you plan to make money with tips on many different sports, then you need a bookmaker with a large betting program, such as Unibet or Betway. If the top leagues in football (Bundesliga, Champions League, Premier League, …) and a few lower-class leagues are enough for you, then you are better off with a betting provider with a good overview such as Interwetten or Bet3000.
The last bookmaker brings another important criterion: high betting odds. As you know, the higher the odds, the higher the potential profit. In our experience, Bet3000 has on average one of the highest betting odds, a betting account at the bookie is worthwhile if you compare odds, always.
If you want to earn money with combination bets, you should also take a closer look at Betano, where we often had high overall odds in the test compared to other bookmakers.
ALSO READ: Avoiding Mistakes When Betting on Sports
How can I regularly earn money with sports betting?
Regularity plays an important role if you want to earn money with sports betting. It is closely related to the point of discipline. So you should regularly analyze the leagues you want to tap on and always be up-to-date. The smallest knowledge advantage over the bookmakers can be decisive.
It is then important that you regularly bet on the games taking place in the sport or league in which you specialize. For example, Bundesliga matches usually take place on weekends. If you bet on the Bundesliga every weekend and have a system with which you win sports betting, you can win regularly.
Don’t be tempted to bet on games from leagues you don’t know during the week just because the odds look good or you feel like betting. Wait for the games from “your” leagues and you have a greater chance of earning money regularly with sports betting.
What is often crucial in terms of regularity: Check your success at intervals. Directly at the bookmaker, there is often a tab called “My bets”. Here you have your bankroll at a glance, i.e. bets, returns, and losses. Always keep an eye on the bankroll. If the losses limit the return too much, it is important to counteract and possibly do something different in future bets.
If you are already successful with your bets: Then you should still make an analysis of the bankroll. There may be one or the other type of bet with which you have more success on average than with another. You can use this knowledge for your future predictions.
How do long-term sports betting profits go?
Earning money with sports betting – that’s possible in the short and long term. In the short term, a bet may go through, but if there is no system or special expertise behind it, it is also associated with a large portion of luck.
You can only earn money with sports betting in the long term if you have a strategy, specialize in one or more specific leagues, a good sports betting Money Management Sports Betting and have the discipline and perseverance to follow through with your strategy.
Of course, you will also lose bets in the long run. That’s not bad, it also happens to bet professionals. The important thing is that your winnings exceed your stake. For this, it is very important that you stay with it in the long term. An important aspect: Play single bets rather than combination bets or system bets.
With a system bet of 4 out of 5, the maximum win is €385. If a game is wrong, the minimum win would be €48.60.
But now it’s like this: You have three games right? In a system bet you would now come away empty-handed and would have lost your €20 stake.
But if you have divided the 20 € on single bets, ie 4 € per bet, then you would win a minimum of 21.20 € with three correct tips. So your bet would be back in it and you would have made a minimal plus.
As you can see, if you want to make money with sports betting, you may not make the big wins per bet. If you stick with it in the long term, however, the small profits could add up well.
Living from sports betting: How much can I earn per month with bets?
It ultimately depends on your stake, and how much sports betting profit per month is possible with sports betting. But never plan with any winnings! Sports betting winnings should be a supplement to your job, but never the basis when it comes to getting money for rent, electricity, clothing, or other basic needs.
First of all, it is important that you have a functioning system. Then you can start working out a money management strategy.
It is also important that you only bet money that you have and can do without. That’s what we do, that’s what every advanced weather does and you should do the same. Some tipsters may only have €20 left to bet, others €100.
Even if you start small with the stakes – stick to it. If the profits are small at the beginning, that’s no problem. In order to try out your own sports betting strategy, even smaller bets are recommended at the beginning to check whether the strategy works at all.
Our experience is also well suited for this: The betting bonus for new customers, which many betting providers offer. Your first deposit will be topped up by the bookie, a kind of welcome gift at the beginning, so to speak. In order to test your strategy well, you should take a betting bonus where the turnover period exceeds the average time of 30 days.
Conclusion: Can you earn money with sports betting?
Earning money with sports betting does not have to remain a dream – but the reality is intensive research and ice-cold calculations. In addition, one should never forget that real sports betting professionals already had a corresponding capital before the beginning of their careers. No one should get into debt because of sports betting.
If you want to approach the matter systematically, then heed our tips for earning money with sports betting and try to avoid the classic mistakes when betting.