Can you really make money from Sports Betting?

Can you really make money online? Sports betting isn’t a new phenomenon, but it’s now big business and it’s growing more popular every year. Betting shops became legal in the UK in 1961 since then the industry hasn’t looked back, with the move online only serving to fuel the betting boom. Most of us love a flutter, but the £64,000 question is “Can you make a long-term profit through sports betting?” Let’s find out.

Successful betting is all about knowledge, which is why the rapid growth of the internet and digital media channels has affected more than just the sector itself. It’s now possible to access complex information, such as the form of a particular horse racing or the previous results of a football team, in just seconds. This is an invaluable resource for committed betting fans, which makes it much easier to from an educated judgement on a potential bet.
The fact remains, however, that no matter how knowledgeable you may be, all bets are down to luck. A horse may be a runaway favourite and fall at the first fence or a team with a 12 point lead in the Premier League might finish second, as Newcastle famously did in 1996, so no matter how savvy you are, you need a strategy in order to ensure long-term success.
The only people ever guaranteed to make money from sports betting are the bookies and the pundits – the house always wins after all – but if you delve a little deeper into the betting world you will see that there are some people who do make quite a lot of money from placing bets. Let’s take a look at how:

• Know Your Sport: The odd bet here and there will never be enough. You need to place multiple bets in a structured way and that means knowing your sport. By all means read what the pundits and analysis have to say, but make your own judgement call and don’t be too timid. The overall aim is to win more than you lose. 
• Stay Within Your Limits: Money management is a key aspect of sports betting and probably the one that is least understood by gamblers. Placing more money on a single proposition could ultimately lead to youlosing more money, so ensure you stay ahead of the game. 
• Use a Betting Bank: Establish a fund strictly for your sports betting and only include money that you can afford to lose. Once you have that ready to go, set yourself out some rules, for example that never bet more than 2-5% of it. Betting conservatively will help you in the long run, not only to make a profit but also if you hit a rough patch. 
• Picking the Right Bet: This is where the research will pay off. On some sports, bookmakers can offer up to 200 different markets, so if you’re unsure of handicap betting it could serve you best to stick simply to win, lose or draw. Once you become more experienced in betting,you’ll know which markets to pick and which to leave alone, but expect some loss along the way. It’s all part of the learning curve. 

Can you really make money online?

So yes, you can make money from sports betting, but it’s never an exact science. Knowledge is power and the best thing you can do is to learn, from your losses as well as your wins. Can you really make money online?
Start today, get betting tips on Horse Racing on Betadvisor.com