This article covers three ways of making money from sports betting that work in both theory and practice.
They are all based on sound statistical principles and if you do some research around the web you'll find that they have been around for almost a decade.
Bookmakers profile and limit winning players, however, this does not mean that you cannot extract some good profits before that happens.
Some of them are also more difficult for the bookmakers to spot than others. This article explains the difference between them and argues some of the pros and cons of the different methods.
The idea behind it is to make arbitrage bets using bonuses and promotions from the bookmakers on one side, and creating an arbitrage bet on a sharp bookie or exchange on the other side.
There are many website and bloggers offering matched betting strategies.
Matched betting is the least risky, but at the same time, it offers the lowest potential reward.
Matched Betting Pros
Matched Betting Cons
Overall, it can be a good way to win money on sports betting if you are starting out with a very small bankroll. We have actually created another software for Matched Betting, which helps you find and place matched bets. It’s called Oddshero, check it out here!
Arbing is bascially the exact same thing is Matched Betting, except in Arbitrage Betting, one is using their money only, rather than promotions to bet on all outcomes of a game.
An arbitrage bet occurs when the overall odds on a game is high enough to guarantee a profit independent of the outcome.
Typically an arb is placed on the soft bookmakers on one side, and the sharps or exchanges on the other to complete the arbitrage.
The potential ROI one can make per arbitrage bet is typically around 1%.
Arbitrage Betting Pros
Arbitrage Betting Cons
To explain it simply, a value bet takes only one side of an arbitrage bet.
Instead of betting on all outcomes, one only places a bet on e.g. the home team to win.
More generally speaking a value bet can be described as placing a bet at higher odds than its underlying probability.
So one can use the soft side of an arbitrage bet to place a value bet, but that is not the only way of identifying them.
Pros of Value Betting:
Cons of Value Betting:
They are higher risk than arbitrage bets, which in theory are risk-free.
Let’s use an example: If one takes a bet with 2.0 in odds, you can only expect to win 50% of the time. In the short run, anything can happen, e.g. losing 10 coin tosses in a row.
But over a large sample size, let’s say 10,000 tosses, the distribution of the number of heads and tails will be pretty much spot on 50/50.
So in the short run, variance and swings will have a large impact on your results.
The good thing is that this risk can be managed by:
Does all of this sound too good to be true?
Well, a con of all three approaches is that just like any other winning strategy, the soft bookmakers will limit you if you win over time putting a cap on how much money a person can make.
However, we would like to remind you that this does not mean that you can't extract solid profits from the bookmakers before this happens.
Also, when you reach this stage, if you have a large enough bankroll to do so, you can continue with value betting on the Asian bookmakers.
These bookies take higher stake sizes and don't limit winning players.
It all depends on your risk-reward profile.
But at Trademate, we are all about value betting as this gives the highest potential for reward of the 3 ways to find value while still controlling for risk.
This is what we do ourselves and why we made the ultimate tool to help you identify value bets.
Trademate users have earned over 5.000.000 EUR in profit, and you can join them. Start earning real money beating the bookmakers with the proven methods of value betting now!Get started Now - For Free
Our partners at Oddshero applies the proven method of Matched Betting to help you profit from bookmaker bonus offers. You can earn your first 1.000 EUR in less than a month!Find out more
We recommend Sportmarket as your Broker/Account to the Asian Bookmakers and Exchanges.Visit Sportmarket
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