Best Way To Make Money Gambling
If you are looking to bet on the NFL to make money you have found the right website. Sure, betting adds a lot of excitement to watching the NFL games, but here at TheSportsGeek.com we are in it to make money over the course of each NFL season.
I found a way to make money gambling online using a method called “casino whoring” (read about how I made money gambling online with casino whoring). Although, I did not myself become a professional gambler after that, It helped me tremendously at that time. I could pay my way through college without piling up mountains of debt. When you are betting on the NFL season you will want to set aside a certain amount of money to bet with that you can afford to lose, known as your “bankroll”. I suggest you either make a weekly bankroll, monthly bankroll, or full season bankroll (I do full season). This technique works best in land-based casinos, especially when you can put your money into tickets that are easy to carry around. A split point is a multiple of your bankroll. Say you begin gambling with $200 and you roll that up to $400 at the craps table. Now take half your money and put $200 of it into a ticket.
Making a profit of the course of the NFL season is tough, and the average bettor will not do it, but I am here to give you a few NFL betting tips and strategies (most that follow the normal sports betting strategies) that will help you have a better shot at making money this NFL season.
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Basic NFL Betting Strategies and Tips
Did you know that you need to hit above 52.4% of your NFL bets (assuming you are betting -110 odds) in order to profit? Doesn’t sound too hard does it? It is actually extremely tough to do, and only the best of the best can consistently hit 53%+ winners year in and year out in the NFL.
Use the basic NFL betting strategies below to help you on your way to a profiting NFL season.
#1 NFL Betting Strategy – Money/Bankroll Management
When you are betting on the NFL season you will want to set aside a certain amount of money to bet with that you can afford to lose, known as your “bankroll”. I suggest you either make a weekly bankroll, monthly bankroll, or full season bankroll (I do full season).
For example, you may set aside a $3000 bankroll for the full NFL season that you can use to bet with. A general rule of thumb for NFL betting I go by is to only use 2-5% of my bankroll for each bet. In this example, it would allow us to make $60-$150 wagers on each game we bet. You can use 2% for your smaller plays and 5% for plays you really like.
One common mistake is to increase the size of your bets as you start winning or to chase losses with biggers bets – remember the NFL is a long season and to profit over the course of the season you need to manage your money smartly.
#2 NFL Betting Strategy – Look For Weekly Edges
I can’t believe how many times I will see bettors who play every game (or close to) in the NFL each week. This is a recipe for disaster in the long run – to be a winning NFL bettor you need to find edges and capitalize on them.
Find what you think may be an edge in the NFL lines and make your bets based on that. Some weeks you may be making 4 bets, some weeks 6 NFL bets, and hell some weeks even just 1 or 2 NFL bets on the whole weekend. Don’t force bets because you want action and want to make the NFL games more exciting. If you want to make a profit this NFL season find a few good plays each weekend and bet them with 2-5% of your bankroll like we mentioned above.
#3 NFL Betting Strategy – Line Shopping
In order to have the best opportunity of making money this NFL season, you will need to make sure you do a little bit of “line shopping”. Line shopping is simply checking a few different sportsbooks and comparing the lines on the plays you like. For example, you may like the Bears to cover the 5 point spread on Monday night. Before you place your wager you should check other sportsbooks, as one of them might have the Bears listed as 4.5 point favorites instead of 5 point favorites.
I suggest you sign up at 3-4 of the best NFL sportsbooks listed in our Online Sportsbook section and compare the lines on each before you make any bets this NFL season. This NFL betting strategy can help you win a few extra wagers this NFL season and help you on your way to a winning season!
#4 NFL Betting Strategy – Bet Sober and Don’t Tilt
Bet Sober – This may seem pretty obvious, but there are hundreds of thousands of bettors who don’t follow this week in and week out during the NFL season. Do you think it’s a coincidence that Vegas casinos offer gamblers free alcoholic drinks? Drinking will impair your judgment while betting – save the beers for when the games start and you are done making bets.
Don’t Tilt – Everyone losses. Even the best NFL handicappers lose bets 40% of the time. Don’t let your emotions get the best of you. Some bettors may take a few bad losses and start to make very poor decisions as their emotions have taken over. Make sure you have a clear mind when making your NFL bets. If you feel like you are on tilt go for a walk or do something to calm down and don’t bet until you are back to your normal state of mind.
You are now ready to become a winning NFL bettor – Follow our Sports Picks for weekly NFL prediction articles and sign up at Bovada.lv for a $250 Free Money bonus for this NFL season!
Online gambling has had a hard time in the British media as many people who partake in the past-time don’t have the skill, patience, discipline and understanding to give themselves the best chance of success.
However, online gambling isn’t just a story of bankruptcy; there are many people out there who know what they are doing and know how to make a profit when gambling. If you are interested in taking it up as a means of getting more income, you need to do your research. There are places to go to find the very best sports betting odds, betting tips and betting strategies. Check out online comparisons such as WinningSportsBets, to help you on your way to a successful sports betting career. Here are some of the ways you can avoid the pitfalls of gambling and start making money…
Online Sportsbetting
Know Your Sport
You have more chance of making a regular profit from online sports betting than online casinos. This is because sports betting is much more focussed on skills and knowledge rather than luck. Trying to make a living as an online casino player would be very tricky; it’s much more likely that you’ll be able to make a living through online sports betting. This isn’t easy however (or everyone would be doing it). If you have good skills and a decent eye for a good bet, then you can do it. Sure, it’s tough, but people do it.
Making Money At The Casino
If you go to the basics, it’s as simple as joining one (or more) online sportsbook and start making correct betting predictions. That needs work though. First things first – you need to start off with a sport that you know the best; preferably a sport that you really enjoy, so you can start doing lots of research. Then, either come up with a betting strategy, or find one that works for you, so you can start accurately predicting outcomes and bet productively on games.
If you don’t choose a sports you know well, then you’ll be basing a lot of your bets on luck, rather than skill, which can spell disaster for a person who wishes to make a living from it. Sports betting is much more diverse than simply betting on who will win and who will lose. There are many other aspects of the sport you can bet on: the number of points / goals scored; number of fouls; number of aces; who scores first etc. The amount of possible betting options and possibilities are endless. The more in depth you go into the betting, the more research is required – but the higher the rewards.
If you were to bet on the possibility of Isner getting more than 3 aces in one tennis match, it wold require a lot more knowledge than if you were to bet on whether the total number of games played in the match would be odd or even. The first bet is to do with skill and research, the second is more about luck. The first bet would mean you would need to know about the strength of Isner’s serve, his ace history and also the strength of his opponent’s return. The more you know, the riskier bets you can make and the more money you can make. Whether there are an odd number of games or even, is simply luck. You may try and make an educated guess, but that’s all it is – a guess. That’s not to say you can’t make any money off of these bets, but they are unpredictable and unreliable.
Set Realistic Expectation
If you want to earn lots of money with no work – or very little effort, then you need to re-evaluate your ideas a little. You need to treat it as you would do a new start out business. Maybe have it as a side line at first and build up your bankroll – and your experience. This takes off any pressure from trying to make a living off it first of all. You can then decide when the time is right to start to try and earn enough to cut down on your regular job. Keep doing it this way until it makes sense practically and financially.
Find the Value
The only way to really be able to make money out of betting is by finding value bets. Value betting is the way to get the highest possible return from your wagering. The idea of value betting is as follows:
If you take a bet with odds of evens (1/1), then realistically you might expect to win half of the time. However, really, anything could happen – you could lose 5 tosses of a coin in a row. Having said that, over a larger number (i.e. 100,000 coin tosses), it’s much more likely to be an even split of head and tails – and it will be very close to, if not exactly 50% heads, 50% tails.
This means, that if you want to break even and get a return, you would need to make hundreds – or even thousands of bets. With this type of betting, you may go through a bad point, but in order for it to even out, you would need to carry on betting, as it is highly likely to turn around You will need to have patience and discipline in order to see it through from the bad times to the good.
A real value bet is when the odds don’t reflect the chances you feel your team / player / choice has. For example, if you believe that your football team has a 75% chance of beating its opponents, then its odds should reflect that and the odds should be around 3/1. However, if the books offer odds of 6/4, they are saying that they think the chances are 60%… so this is a value bet. The chances of the team winning are higher than the odds suggest.
You should only ever really make a bet if the bet is a value bet if you want to make a profit. However, to work this out you really do need to know your sport.
Take a Chance on the Underdog
This needs to be done carefully and with a lot of thought. This can be quite a risky strategy as an underdog is usually an underdog for a reason. Don’t simply go ahead and keep putting your money on every underdog in the hope that it comes though. Eventually it probably will, but you might have lost a lot of money in the process.
This is another reason you need to know your sport carefully. An example of this is in tennis. Rafael Nadal, the Grand Slam master and King of Clay, took on the lesser known and lesser titled Fabio Fognini. They were playing a head to head on clay, in the final of the Barcelona Open.
On paper, just looking at the overall facts, Nadal should be the winner. He has already won this tournament 8 times. Because of this, he was a huge favourite with the bookies. In fact, some backed him to win so much that he was given odds of 1/10. This made Fognini very much the underdog in the eyes of the bookmakers.
However, if you knew your sport and had done your research, you would know that Just a few months earlier, Fognini had beaten Nadal on a clay court when the faced off in Rio De Janiero. Also, Fognini had a pretty impressive record of beating top seeds. If you had known that, then odds of 8/1 seem worth a shot after all. In actual fact, he ended up beating Nadal in straight sets. Knowing your stuff and betting on an underdog would have made you some pretty decent profit here.
There are other times when this strategy works as well. If a top football team are playing in cup matches and they have a non-important game against an easy team, it may rest its top players. Here you have another chance to bet on an underdog as the top team won’t be playing its best, giving the underdogs a fair shot.
This is a strategy that needs to be looked at carefully. You need to know your sports, know the situation and know your chances.
Shop Around the Bookmakers
There are heaps of different bookmakers out there. Many offer different odds and promotions. You don’t gain anything by just sticking to the one religiously. Obviously bookmakers will reward loyalty, but don’t be fooled into thinking that’s the best way to get the best deals. You still need to shop around.
Using comparison websites, such as WinningSportsBets, you can check all the offers and odds available for certain bets. For example, if you pick a market such as ‘first goal scorer’ in football, lots of different bookmakers will have lots of different odds and offers. It’s definitely worth looking out to see where you can get more for your money. You need to look at all the different offers to see which one suits you best.
Don’t Go OTT
It may sound obvious, but don’t go OTT with your selections. The fewer you have, the more likely you are to be successful. Obviously, sometimes you read stories about someone who places a small bet on a 20-fold accumulator and a miracle happens. However, that’s exactly what it is… a miracle. This is unlikely to really end up as anything but a waste of time and money.
Quick Ways To Make Cash Online
Gambling to make a long term profit is a bit like losing weight – you don’t go out to do it all at once, you have to work on it bit by bit. You need to go for plenty of small wins as opposed to one huge one.
However, if you do fancy putting your money on a long shot, for whatever reason, do not try and give yourself a bigger accumulator by picking lots of odds on choices. If you do this, not only are you decreasing your chance of actually winning your accumulator, but you’re not even increasing your win my much.
Imagine you are betting on Wimbledon. In the early rounds, there are many top seeds against unknown players. It might seem like a great idea to bet on all of them together in a multiple bet and win some easy money, but that would be a bad idea. In the world of online sports betting, tennis is famous for giving bad prices on match betting. Therefore, if you put a ten-fold bet on these ‘obvious’ bets, you may still only get odds of 3/1. Then, there’s the chance that one will fall through. It would be much more sensible to find a player with potential and favourable odds and put one bet on them.
Maybe Try a Less Popular Sport
Bookmakers offer far more sports these days than just football, tennis and horse racing. Many offer odds on over thirty different sports, many not very popular in the UK market. Because of this, there may well be sports that they don’t know that much about. Consequently, their odds may be off – meaning you can take advantage.
An example of a sport that is currently good to start betting on is Mixed Martial Arts (MMA).It’s becoming more and more popular on television and is becoming easier to research as a result. Bookmakers don’t have the time to research everything in depth and as such can make big mistakes.
An example of this is when Ronda Rousey, the world Bantamweight champion, fought at UFC193. She was declared to be the strong favourite against Holly Holm, who was getting odds as high as 9/1 for a win. However, if you took time to look at both fighters, you’d see that these short prices weren’t reflective of her skills. Holm was actually a boxing world champion and Rousey had quite weak striking skills. Also, despite Rousey’s strength being judo, Holm had managed to defend all of her take downs.
Looking at the actual facts, this was never going to be a one sided fight as the odds suggested, so even if you got last minute odds of 6/1 as the fight started, that would have still have been a bargain. You’d not only have got a value bet, but a winning one at that as Holm knocked out Rousey in two rounds.
Money
Ultimately, it’s all about money management. You need to be completely disciplined. You should only ever bet what you have put aside for your wagers. You need to set yourself limits and stick to it. If you say £50 a week, stick to it at all costs. This means you should never fall into the common trap of chasing your losses. Everyone goes through bad streaks; you just have to ride it out. If you plan your money carefully, you’ll never lose anything you can’t afford to.
Ultimately, betting for profit is a game of skill and patience. It’s tough and it can be complicated, but it is possible. You need to invest time and money if you want to succeed. You need to be totally disciplined, do your research, do your maths and check all around all of the best bookmakers.
Just remember, if it was easy, everyone would be doing it. It’s all about research, tactics, strategies, tips, value betting, time and patience. Get all that and you can gamble your way to a living.