How to make money from Sports Betting
The petrol prices are going up, another round price hikes for the electric/gas companies, interest rates going up SO “why not earn an extra income from sports betting”.
There are lots of ways to earn money from sports, whether you started exploring this or dabbed a bit or current know nothing about sport betting, I will explain all the choice available for all levels.
If you are serious about making money from sports betting as a second income or you want to replace your 9-5 job I will discuss all options. You can
Bonus Bagging
You’re all seen emails and adverts from Bookies offering £200 free bets for customers or £50 Free bets etc and thought what’s the catch, well read on and learn how to pocket that money in your bank account instead of the bookies.
This is the simple way of earning 1-2K in about 1 month.
The principle of bonus bagging is to
- Sign up to one of the hundreds of bookmarker offering Free £50 for new customers
- Wager the required amount usually the same as the bonus so £50 in bets
- You then receive the £50 free bets to bets.
Now what a normal punter does is to place the bets on high odds for the Free bets with the hope of winning as free money right? No as a clever punter you will Matched Bets on both the wager and free bets and end up with the £50 in your pocket
Bonus Bagging
Give me an example?
If a bookie is offering a £100 in free bets to turn this to cash you must back at the Bookmaker site and lay the bet off at an betting exchange. This will create a no loss bet as you either win at the Bookie or the Betting Exchange.
- Signup to a Bookies for the Free Bet
- £100 Free Bet placed on Liverpool to Win at 2/1 at the bookie – if it wins you get £200, Losses you get £0
- Then you place £100 on Liverpool to Lose at the exchange- if it losses you get £0, if it wins you get £200
- Withdraw your £100 as cash
- Find another bookie with offers and repeat
There are sites that offer Bonus Bagging such as
- Bonus Bagging
- Profit Accumulator
- matched betting Blog – This is Free
The advantages of joining a site for getting the most out of bonus is that they have all the bookies terms on site, updated bookies sites when they come out, support with helping you place your first bet
Matched Betting
You can learn matched betting yourself it is easy but you need to learn the basic of betting and laying (which is the opposite of betting)
- Place a £10 Bet example- Put £10 Liverpool to Win at 2/1 at the bookie – if Liverpool wins you get £20
- Lay a £10 Bet example – At Betfair exchange Lay Liverpool to lose at 2/1 – if Liverpool lose you get £10
Matched Betting is just the way you bet to earn that Free Money.
On a weekend or festival event they are lots of ways to earn money betting this way
Free Bets for winners
The popular sites I use for free bets for winners is VirginBets and Unibet, there are lots more.
You normally have 6-8 horse races that you can bet on each day and if land a winner you will get £20 Free Bet.
For VirginBet it need to be a horse of odds of a least 3/1 in order to land a Free Bets, I normally land a few a day, but don’t expect to win every race or unless your a professional sport tipsters
You can end up making a few hundred at these races.
Free Bets for 2nd place or 3rd, 4th place
It is easier to pick a runner-up than a winner, so offers like these are worth doing.
Again you place a bet on any horse and you are not limited by any odds, so can back the favourite for this, its amazing how many favourites lose.
You them end up with the free bets if you get placed 2nd, 3rd or 4th, if you win you do not get the free bet
Extra way Places
This is a new way of earning money and is my biggest earner for Cheltenham 2022 festival.
Bookies offer 8 places instead of 4 places (for the national), on the weekend you can get 6 places instead of 4 places with a lot of bookies.
Extra Places involve placing a bet at the bookies that offers 8 places on a race instead of 4 places like Betfair or Smarkets, so an real example is
- I placed a horse Freewheelin Dylan on a bookies site offering 8 places for the Grand National, I put £15 E/W at 51 odds
- I lay the win part on Betfair, then lay the place (4 places) part on Betfair
- Freewheelin Dylan came in 7 place, so the bookie paid out as a placed horse winning £165
The earnings from extra places can run into the hundreds, the one above was a £15 E/W stake for a £165 free winnings, so if you backed using £25 or £50 stakes you can make a lot of money
Casinos
Casinos are opening up everywhere and all offer joining offers, reload offers and ongoing free games.
You can get life changing wins in the millions for these offers if you land the jackpot, My biggest win was £1200 basis on 20p stake on a scatter round so happy with that.
I will normally do daily offers on 10 or so offers a day and can make some extra money.
Value Betting
In 4 week I went from an initial £5,000 bank to £16,170 bank making a total profit of £11,170, you can read my full review here TrademateSports
Trademate Sports is a clever browser based value software app that searches for Value Bets and provides you with the edge over the bookmakers. The basics of Value Betting is to get an advantage over the bookies and give you a high degree of accuracy of bets.
Double your money in 3 months
Rebel Betting
Sound too good to be true? That’s actually the average result of our members.
But no need to take our word for it — just sign up for the free trial and see for yourself. We also have a profit guarantee so you can subscribe risk-free.
What is Value Betting?
I’ve heard about value betting many times before so I decided to delved into what is a value bet, in order to do that you need to understand the 2 different bookmakers
Their are Sharp bookmaker and Soft bookmaker
- Sharp Bookmaker
- Work on low margins
- They are quick to react to changes in the market, so their odds tend to be accurate
- Built for professional bettors
- Soft Bookmaker
- Margins much higher
- Slow to react to changes, like injured players
- Offer bonuses to attractive bettors
There are a 2 main players in the game Rebel Software and Trademate Sports value software, both are excellent and easy to use.
Sport Trading
Trading sports involve a lot of time, patience but if you do it the profits are only limited by you betting bank, usually you would trade on these sports events
- Match Win/Lose/Draw
- Shots on target
- Shots off target
- Corners
- Red/Yellow cards
- Dangerous Attackes
- Possession
- Time since last goal
Trading football made for the professional bettor, and would involve trading multiple games consists of 20 open browser tabs. Now there are tools that help with this providing Betfair, live scores, Flash scores, etc all focusing on different markets, they solves that problem and all games are displayed on a single screen with visible coloured alerts, sound alerts, option for email alerts and telegram alerts.
Read my review on Inplay Trading system
Tipsters
If you love sports then you probably like the idea of being a sports best tipsters. Conducting research and giving tips on sports events sounds like an exciting job. It also offers a lot of freedom for tipsters. They is a high profit for tipsters when they go public and share their tips and a Kudos associated with it.
What to expect from Tipsters
- Knowledge – you want a writeup of why they think the tips are good and the research to back it up, then you can check it out and she why they are betting on it.
- Profitability – the bets need to provide you with some value if you are going to put you bankroll down on it. Some bettors like long shots, high odds and some happy with a modest return in order to grow the bank
- Long Term – this is the tipsters ability to return a profit and have a proven track record.
What to watch out for
Does the website have lots of reviews from other websites, you need to take these at face value and ask.
- Are these fake, can you find a link to the website reviewing them?
- Are they all from customer with no backup, just a picture of the customer and review…really who sends a pic of themselves with a review?
- Are these old now irrelevant links, it could be the tipster sites has been taken over and their have inherited all these reviews based on the last owner.
Best Tipsters
Who is the best Sport Betting Tipster is made easier when you filter out the rubbish, the exaggerated results from tipsters and the made up results from the emailed tipsters with no website site apart from a sales page. You need to start with Verified Tipsters and independent tipsters that get their tips proofed before they send them out and that what we do, leaving you with the real tipsters.
You can then see quality tipsters and compare them for yourself knowing that every tipster is 100% verified and honest or they don’t make it on the list.
Every Tipsters on theDailyTipster is researched and verified each month with their full history of results updated every month. I don’t care if there are paid or free tipsters, yes I have 49 Free Tipsters so no outlay needed to make money.
Anyway take a look at Compare Tipsters – theDailyTipster and do your research before you place any money and start with small stake and maintain a betting bank.
To see how much I make from just 4 tipsters read my review here, tipsters portfolio
