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Matched betting is great and personally it has made a huge difference in my life. I used profits from matched betting to pay for the deposit on my first house. Learn better in video format? Here is a video that discusses two of the main methods I use to profit from the betting markets. The easiest way to explain this is with an example. Lets take an offer I received from Betstars as an example.
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. 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. Lay bets are options only available with a betting exchange. My recommendation is Matchbook. Lets look at the three possible outcomes of the game. The Wolves vs Norwich match ended up being a draw. Now we go through the same process as before and 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 close odds match between Betstars and Matchbook at high odds. FC Copenhagen were priced Lets look at the three possible outcomes for this game. 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 Oddsmonkey. Th ey 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. Oddsmonkey read the review is a company that has long been providing matched betting and arbitrage software for other companies.
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. It is possible to make a lot of money matched betting. 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.
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. An arbitrage bet is when you can cover all outcomes of an event and guarantee yourself a profit. They will scan all of the bookmakers daily and keep an updated list of current promotions. They also have odds matching software, which scans the odds for thousands of sports matches across tens of bookmakers to find the optimal bets and odds for you to use your promotions on.
They alert you to the latest promotions, you select the ones you like, and they find the optimal bet and calculate the perfect stakes for you. This allows you to place many, many bets in a short space of time. In exchange, they charge a modest, monthly fee. You can read more about assisted matched betting including which software packages I recommend via the button below. Almost all services offer a free trial, so I recommend that you take advantage of this. Access my matched betting resource page that has everything you need to get started!
Initial Bankroll. Bookmaker Accounts. You will need soft bookmaker accounts to be able to place bets. You can start with and then open more once you are feeling confident. Betfair Account. Critical to profiting from matched betting is your Betfair account. You will need this to lay the bets that you are backing at the bookmakers.
Your Betfair account will never be limited and they welcome matched bettors, so a free Betfair account is a very valuable asset. Matched Betting Service Account. Did you look at the matched betting example earlier and find it confusing? The bookmaker promotions often come with lengthy terms and conditions that can be difficult to interpret, even for experienced bettors. Many matched betting services offer free trials. Find out which ones I recommend in my article on assisted matched betting.
Want to read more about how to get started with matched betting? Check out these detailed articles:. Once the bookmakers stop offering you promotions they will usually send you an email when this happens , it is time to move onto either arbitrage or value betting. Arbitrage is a lower risk, lower reward strategy, whereas value betting is a higher risk, higher reward strategy.
I will explain both of these strategies in detail now, so that you can figure out which one is right for you. Arbitrage betting , much like value betting is a strategy that involves taking advantage of opportunities that arise when the bookmakers make mistakes with their odds. To understand how this works, you need to be aware that there are two types of bookmakers: soft bookmakers and sharp bookmakers. Most of the bookmakers that you can think of off the top of your head are soft bookmakers.
Their business model consists of attracting casual punters, offering them poor odds with large profit margins factored in and making money from the relatively low volume of bets but high profit margins. Sharp bookmakers, on the other hand, have very accurate odds with low profit margins. They accept very high stakes from customers. They change their odds very quickly when news breaks that could impact the outcome of a match.
You can learn more in my article about the difference between soft and sharp bookmakers. Help: I can't access sharp bookmakers! Unfortunately, not all sharp bookmakers operate in all countries. Pinnacle , being the best and most well known sharp bookmaker, no longer operates in the UK, Australia and a number of other countries. However, you can still access these sharp bookmakers through the use of an intermediary service, known as a betting broker.
They can open a number of sharp bookmaker accounts on your behalf, even if those companies don't operate in your country. Find out which are the best betting brokers! Arbitrage betting involves taking advantage of opportunities that arise when the soft bookmaker and sharp bookmaker odds are so different that you can bet on both outcomes of a match and profit regardless.
In any case, the odds are far enough apart that we can bet on both outcomes and profit regardless of which one occurs! You can use an arbitrage betting calculator to help you work out the stakes. An arbitrage bet like this typically takes less than 5 minutes to complete. An alternative strategy is to lay the bet at a betting exchange rather than use a sharp bookmaker.
This is a little more complicated but has the same end result: locked in profits! Great question. In this situation, you would need to place a third bet with another bookmaker to cover the draw as well. Please check out my detailed article on how to find arbitrage bets. Essentially, it is possible to find these opportunities manually, but by using a software package that scans tens of sports and over bookmakers, you can speed up the process dramatically, resulting in greater profits!
Check out my article below for some recommendations of free arbitrage betting software! Decent initial bankroll. Use your winnings from matched betting to kick start your arbitrage betting. Soft bookmaker accounts. The best soft bookmakers for you depends on which country you live in.
Have a look online for which bookmakers are offering the best bonuses in your country. Check out my list of recommended sharp bookmakers. Having a Betfair account is also useful. Arbitrage betting software. There are a lot of options out there for arbitrage betting software. You can check out my recommended arbitrage software. Essentially, I think RebelBetting is the best arbitrage software out there. Value betting is quite similar to arbitrage betting in a number of ways.
It also involves exploiting opportunities that arise when a soft bookmaker makes a mistake with their odds. In arbitrage betting we place a bet with the soft bookmaker that has made a mistake with their odds. Value betting is simpler to execute than arbitrage betting only 1 bet vs. Interested in value betting? Much like with arbitrage betting, it is entirely possible to find value bets with manual searching and by comparing odds on my value betting calculator.
However, this is very tedious and time consuming. I highly recommend that you get some value betting software to speed up the process enormously. Value betting software will compare the odds across thousands of matches and hundreds of bookmakers and alert you when it finds value bets.
Once you place your bets, it will log them and automatically categorise the bet as a win or a loss at the conclusion of the match. This allows you to see the performance of your bets over time. Wondering how to find value bets? This list is pretty similar to arbitrage betting, but you don't need any sharp bookmaker or betting exchange websites of course.
Use your winnings from matched betting to kick start your value betting. The more accounts you have the better. Value betting software. You can check out my recommended arbitrage betting software here. Essentially, I think that again RebelBetting is the best value software out there. The problem with matched , arbitrage and value betting is that they involve taking value from soft bookmakers, which means that sooner or later, your accounts are going to be restricted.
There are basically three options from here on. The first option is to give up on profitable sports betting and enjoy the profits you managed to make. With a fresh set of accounts, you can start the process over again from scratch. However, there is nothing illegal about introducing your friends and relatives to the concepts of profitable sports betting and letting them place bets on their own. The third option is to continue profitable sports betting by taking value from either other punters on a betting exchange, or by taking value from the sharp bookmakers.
This is known as sports trading. I do not recommend sports trading as I think that is very difficult for most people to profit consistently this way. Let me introduce you to such a product. Mercurius Trader is a unique product with an ambitious goal - to turn sports betting into an asset class that anyone can invest in. Released in January but in development for 4 years prior to this, Mercurius Trader uses a quantitative model that is designed to spot value in the Betfair football market, and execute bets accordingly.
It is based upon scientific literature on the topic of football match prediction and is supplemented with their own research and development. It uses millions of pieces of data from historical football matches as an input. Please note that unlike arbitrage and matched betting, your profits are not guaranteed and your capital is at risk. Profitability depends on the veracity of the Trader model. Read my full Mercurius Trader review here! An alternative or perhaps a complementary strategy to investing in Mercurius Trader is to do value betting on the sharp bookmakers and betting exchanges, rather than on the soft bookmakers.
This is much more difficult, as the sharp bookmakers and exchanges rarely make mistakes. However, when they do, you can capitalise on these mistakes in a big way, as they have huge maximum stake limits. As this strategy requires huge bets on relatively small deviations in odds, you need a large bankroll to get started.
It is a unique product that targets the sharp bookmakers and betting exchanges, identifying when they make mistakes. They recommend that you spend at least 20 hours per week placing bets. Generally speaking, I don't recommend tipsters, as they often don't have a sound basis for making their tips. However, Bill over billgkrtips. Feel free to check it out if you are interested in learning more about tipsters and what you should consider when choosing a tipster.
Despite what most people think, profitable sports betting is entirely possible and not actually that difficult at all! Matched betting is perfect for beginners as it allows you to build your bankroll relatively easily with a modest investment of time. Arbitrage or value betting is an excellent stepping stone from matched betting as they require a reasonable bankroll to get started which you will have accumulated from matched betting , and allow you to continue earning decent profits.
Once your soft bookmaker accounts have been gubbed from all of these methods, you can either try to make money using sharp value betting needs a large bankroll and significant time investment , or invest some of your money in a sports betting fund lower bankroll and entirely passive, but lower returns. I hope you have enjoyed this guide on how to make money from sports betting! If you have any questions, please leave them in the comments below!
The most comprehensive, in-depth training on profitable sports betting available. Start earning an income online using the unique techniques in this free course. Any particular interests? Check the boxes below before signing up! Disclaimer: This post may contain affiliate links. I will earn a commission if you choose to purchase a product or service after clicking on my link. This helps pay for the cost of running the website. You will not be disadvantaged in any way by using my links. I'm an Australian guy who has used profitable sports betting to provide a decent side income over a thousand dollars per month!
I've set up the The Arb Academy to teach others how to do the same and achieve financial security through a second income stream! Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.
Below, I will outline the only real ways to make money from sports betting. Quick Navigation. But the bookmakers make huge profits every year? Is Profitable Sports Betting Legal? How to Make Money from Sports Betting? Matched Betting. Arbitrage Betting. Value Betting.