How to Make Money in Online Sports Betting
Online sports betting is a lot different from web slots and table games. Sports betting is a skill-based bet (depending on which bet you select). While you may believe you’re betting against the house, lines are simply being bent so that you’re essentially betting against other players and they’re taking a small fee to encourage the bets. You can make a living as a sports bettor, with good ability and a sharp eye. Is that tricky? You bet your ass it’s hard but it’s entirely possible and a lot of people are doing it every day.
It’s just easy. Join a sportsbook and start making choices right. Start with a well-known sport, and do extensive research. If you can come up with a system for forecasting games and scores correctly, you can be a successful sports bettor.
Another factor that is particularly important to point out is that you have to choose the right type of sports bets or instead of skill-based bets you are going to place chance based bets. You can gamble on a lot more than just who the winner of a game will be, as you may or may not be conscious. You can bet how many points are scored, how many times are they going to do something, who is going to score first etc. Some of these bets will require research and skill to make the right pick and some will just be stupid luck.
Here’s an example of two different sports bets. One is an aptitude dependent gamble and one is a bet based on chance.
- Can John Smith score in a game by more or less than 1.5 touchdowns?
- Will the Chiefs’ final score be odd, or even?
As you can hopefully see, the first bet would require you to have a solid understanding of how John Smith will perform in a game. You would have to look at the defense against which he stands and predict the Chiefs employ game plan of attack. There’s a lot of skill going into picking up this bet and the more experienced and professional you are, the more you are going to do. This is an example of a skill-based gamble that, if you were smart enough, you might reap from the long term.
The second bet is whether their final point number is odd or not, or is simply just bad luck. You might make some wild statement projecting the exact flow of the game and how many points they get, but in fact, you’re only guessing. This is an example of a luck-based gamble that you can still make money off but it is not long-term sustainable. Have at it as long as you are aware of this!
It is important to point out that when you go to the online sportsbooks, those bets are not divided or isolated at all. The chance based bets and the talent based bets will all be listed side by side, and it is up to you to discern the difference. Honestly, telling the difference should be easy, by just taking a few minutes to pay attention to what you’re betting on. If you are struggling to find data and information to support your pick, this is likely a luck-based bet.
Line Shopping Online
One of the easiest ways to make more money online is through line shopping with correct sports betting picks. Line shopping is a tactic that is not possible due to the management of brick and mortar casinos and has become very popular just thanks to online sportsbooks. Line shopping is the practice of trying out several separate sportsbooks to obtain the best available odds and payouts for your bets.
In real life you just can’t do this unless you live like Vegas where you have a ton of different sportsbooks right next to each other. Even then, most of the books that are there are intertwined, so the odds will all be the same. Online, however, you continue to see many lines for the same bet that vary greatly.
Let’s say you plan to bet LA Lakers to beat the Cleveland Cavaliers at + 150 on the moneyline. Let’s say you’re totally confident in that bet and you think it’s the world’s best bet. Is that a safe bet to make for you?
A better question would be, is this your best bet? If you were to take a few seconds and shop some online sportsbook on amazon, you would see one of them promising the same + 170 bet. This is exactly the same bet except if you place it on the second online sportsbook you’ll get more money paid out. When you bet $100 and win the Game, you’ll be paying $150 in profit by the first sportsbook and $170 in income by the second.
Through actually using the technology that comes with online betting, you can make more money on the right choice just by taking a few seconds to try out some different sportsbooks. We should guarantee that seeing different lines isn’t a rare occurrence. Following different lines is indeed a fairly common occurrence, and it can significantly affect the amount of money you make online gaming.