You have just learned that you can bet on various sports. However, there are further subdivisions into betting markets for each sport. In football, for example, there is the Bundesliga, Serie A, Premier League, etc. You can bet on the participating teams, i.e. Bayern, Real, Juve, etc., but also on smaller teams – the main thing is that there are betting markets offered in the teams.
These betting markets offer various options. So, theoretically, you can make money by betting on the win, but also on a draw or how many goals there will be in the end.
You can place these tips before the game or you can place live bets. Some advanced bettors have specialized in live betting and are quite good at it. But you have to find out for yourself whether this is an option for you.
When placing a bet, we recommend playing single bets. Single bets are less risky than combination bets. Long-term bets allow you to make less money on sports betting in the long run.
Which betting provider can I earn money with from sports betting?
There is no betting provider with whom you can be sure of winning. It always depends on your own tips whether you make money with sports betting or not. However, by choosing the betting provider you can influence what you can bet on and how high the potential winnings are.
If you want to make money betting on many different sports, you need a bookmaker with a large betting program like Unibet or Betway. If the top leagues in football (Bundesliga, Champions League, Premier League, …) and a few lower leagues are enough for you, then you are better off with a betting provider with a good overview like Interwetten or Bet3000.
The last bookmaker has another important criterion: high betting odds. As you know, the higher the odds, the higher the potential profit. In our experience, Bet3000 has one of the highest betting odds on average, so a betting account with the bookmaker is always worthwhile when comparing odds.
Anyone who wants to earn money with combination bets should also take a closer look at Betano, where we often had high overall odds in the test compared to other bookmakers. Tip: At Betano you can also find many betting odds for tennis bets. Earn money with sports bets on US sports (basketball, ice hockey, football) – Unibet, Betway and bwin in particular offer good conditions for this.
How can I make regular money with sports betting?
If you want to make money with sports betting, regularity plays a big role. It is closely related to discipline. So you should regularly analyze the leagues you want to bet on and always be up to date. The smallest advantage in knowledge over the bookmakers can be decisive.
Then it is important that you regularly bet on the games that take place in the sport or league that you specialize in. For example, Bundesliga games usually take place on the weekend. If you bet on the Bundesliga every weekend and have a system that helps you win sports bets, you can win regularly.
Don’t be tempted to bet on games from unknown leagues during the week just because the odds look good or you just feel like betting. Wait for the games from “your” leagues and you’ll have a better chance of making regular money with sports betting.
What is often crucial when it comes to regularity: check your success at regular intervals. The bookmaker often has a tab called “My Bets”. Here you can see your balance, i.e. stakes, profits and losses. Always keep an eye on your bankroll. If the losses limit the return too much, you need to take countermeasures and possibly do something differently with future bets.
Even if you are already successful with your betting, you should still analyze your bankroll. There may be one type of bet that you are more successful with on average than another. You can use this knowledge to make your future predictions.
How do profits from sports betting develop in the long term?
Earning money with sports betting is possible in the short and long term. A bet can be made in the short term, but if there is no system or special expertise behind it, a large portion of luck is also required.
You can only make money with sports betting in the long term if you have a strategy (see “Tips” above), specialize in one or more specific leagues, have good sports betting money management and have the discipline and perseverance to follow through with this strategy.
Of course, you will also lose bets in the long run. That’s not a bad thing, it happens to betting professionals too. The important thing is that your winnings exceed your stake. It is very important to us that you stay with us in the long term. An important aspect: play single bets instead of combination bets or system bets.
Example:
You want to bet on five games. You have €20 available to bet. The odds:
● 2.00
● 1.50
● 3.20
● 1.80
● 2.25
With a 4 out of 5 system bet, the maximum win is €385. If one game is wrong, the minimum win is €48.60.
But now it’s like this: you got three games right. With a system bet you wouldn’t get anything and would have lost your 20 euro stake.
However, if you were to split the 20 euros into individual bets, i.e. place 4 euros per bet, you would win at least 21.20 euros with three correct tips. So your stake would be back and you would have made a minimal profit.
As you can see, if you want to make money with sports betting, you can’t make big profits per bet. However, if you stick with it for the long term, the small winnings could add up.
Making a living from sports betting: How much can I earn from betting per month?
Ultimately, it depends on your effort how much you can win from sports betting per month. But never plan with possible winnings! Winnings from sports betting should then be a supplementary income for the job, but never the basis when it comes to earning money for rent, electricity, clothing or other basic needs.
First, it is important that you have a working system in place. Then you can start developing a money management strategy.
It is also important that you only bet money that you have and can live without. We do it this way, every advanced bettor does it this way and you should do it this way too. Some punters may only have €20 left to bet with, others €100.
Even if you start small, stick with it. If your winnings are small at first, that’s not a problem. To try out your own sports betting strategy, it’s advisable to start with even smaller stakes and check whether the strategy actually works.
In our experience, this is also a good thing: the betting bonus for new customers that many betting providers offer. Your first deposit is increased by the bookie, a kind of welcome gift at the beginning. In order to be able to test your strategy well, you should take advantage of a betting bonus whose turnover period exceeds the average time of 30 days.
Conclusion: Can you make money with sports betting?
Earning money with sports betting doesn’t have to remain a dream – the reality is intensive research and cold-blooded calculations. In addition, you should never forget that real sports betting professionals already had the necessary capital before they started their careers. No one should get into debt because of sports betting.
If you want to approach the matter systematically, then follow our tips on how to make money with sports betting and, above all, try to avoid the classic betting mistakes.