How To Make A Living Off Sports Betting

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Turn Sports Betting into your Career

Is It Possible To Make A Living Off Sports Betting
How To Do Sports Betting
How To Make A Living Off Sports Betting Odds

If you look at the money that sports bettors commit to wagers each year, it’s hard not to wonder, “Can you make a living off of sports betting?” In 2019, in the United States alone, sports bettors spent $13 billion on legal wagers. That does not include, of course, money spent under the table in such casual events as the “March Madness” men’s college basketball tournament (an estimated $8.5 billion in 2019) or in Super Bowl pools.

Treat sports betting like how you would treat any other investment vehicle, such as investing on stocks and shares, crypto or forex. However, just like these investments, you need a.
Most recreational sports bettors place bets of $100 or less per game. But it's almost impossible to make a living with small bets, even if you can evaluate games and find value. I don't recommend trying to make a living as a sports bettor until you can afford to make $500 or $1,000 bets per game.

If you have a run going, you might ask yourself if sports betting can end up paying the bills for you and free you from that 9-to-5 job. Let’s take a closer look at why, thanks to such websites as www.AcePerHead.com, the answer is “Yes.”

Take advantage of matched betting

What is matched betting? It is a way for you to earn profits relatively risk-free from free bets and sports betting bonuses. If you want to find out, Can you make a living off of sports betting? without undertaking much risk, this is the place to begin.

Matched betting involves the use of decimal odds format (as opposed to fractional or American odds). Depending on which sportsbook you follow in the Ace Per Head platform, or elsewhere on the Internet, you can get a curated list of profitable promotions for sports betting enthusiasts, for a monthly fee that is much smaller than the winnings you will get as a result.

Utilize arbitrage betting

Also known as “arbing” or “sure betting,” this type of wager involves covering all of the outcomes that can result from a particular event. The profits come from the variance between the odds. In other words, you back the value odds with your bookie and then lay against that bet with an opposing wager at lower odds. The aim is to guarantee that you will profit no matter which way the outcome goes. This often involves placing wagers with different bookmakers in order to get the profits as high as possible. Given the number of sportsbooks that are available on AcePerHead.com’s betting software, odds are (no pun intended) that you can find favorable pairings to bring in profits.

With arbitrage betting, you’re not limited to NFL games or the Bundesliga. Even such e-Sports events like League of Legends matches appear on enough books to make arbitrage opportunities available. Arbitrage opportunities can swiftly go away, though, as bookmakers adjust their odds constantly as action comes in. There are several arbitrage finder services that you can use, with the investment well worth it in terms of profits.

The key to long term profit in Sports Betting is through Arbitrage. Your goal is to invest as much money as you can with guaranteed profit and 0% risk. Here's an example of how it works. The reason you want to make a living with matched betting is simple: It’s incredibly easy and can be done by anyone. The income can be SO great. In this post, we’re going to tell you everything you need to know about making a living with matched betting – just like we do.

Take some calculated risks with value betting

Now that you’ve learned about two virtually risk-free sports betting strategies, it is time to add value betting to your arsenal. Value odds appear when you see some odds that do not square with the actual likelihood of an event.

There are two different types of value bets. The first involves initial odds that end up dropping later on. This can include movement on a point spread, or decreases in moneylines. If you locked in at the higher number and end up winning, then you’ve nailed a value bet.

The other type of value bet happens when you understand that an event is more likely than the odds indicate. If a book indicates that the odds are +900, but you have done your own calculations and believe that the odds should be about +650, for example, then you have found your own value bet. There are value bet locator services that can help you, but basic research into the sports on which you wager can help you find examples of these each week.

For example, in Week 13 of the 2020 college football season, SMU was favored to win by 11 points at East Carolina. However, if you look at SMU’s record in November the past two seasons, you see that their play diminishes and their coverage rate drops significantly. So East Carolina’s 52-38 win is not that big of a surprise, but even if SMU had been able to come back and win a game that they trailed by 38, the odds of covering are much smaller than the point spread indicates based on historical performance.

Turn your expertise into a job as a sports betting tipster

If you’re winning, month in and month out, why not offer your advice to others – and make money in the process? There are many tipsters that have turned their selections into a living by selling those choices to a sports betting audience. So if you’re still curious as to, Can you make a living off of sports betting? Here is yet another revenue stream.

This is where people who understand how to leverage Twitter can make some money – or people who understand how to build an email following. Applications such as Tipstrr also allow you to build a profile and publish selections. As your accuracy builds over time, you can leverage that into a paying list of subscribers.

If you decide to turn your betting into your own sportsbook, AcePerHead.com is the platform you should consider using. We offer sportsbook owners of all sizes access to a web experience that allows them to focus on what they love about the sports betting industry, instead of having to turn into web developers themselves.

Sportsbook owners pay a weekly fee for each active bettor on their membership list as part of what is known as a “pay per head” arrangement. If you have an account with a book that is on AcePerHead.com, then you already know how terrific the sportsbook websites look and how easy they are for betting clients to use. Just as easy as it is for you to navigate the sportsbook, whether, from a computer or a smartphone, it’s also that easy for book owners to manage their site. So you see that there are many ways to turn sports betting into a living for those willing to put in the work.

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.

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.

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#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

Is It Possible To Make A Living Off Sports Betting

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”.

How To Do Sports Betting

Advanced Sports Betting Strategy Articles