Pro bettors make their money on bets that sportsbooks offer that give them even the slightest betting advantage. The key to becoming a profitable sports bettor is being able to find advantages, opportunities where the line a book is offering is vulnerable
This infographic shares all you need to know about how to make money in sport betting.
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What is Sports Betting?
Sports betting is a form of gambling that entails placing a wager, also known as a bet, on the outcome of a sporting event.
Types of sports betting?
Straight Bets: A betting line is set, which is often referred to as a point spread, and you can either bet on the favorite and give-up the points or place a bet on the underdog and get the points
Total Line bets: In this type of sports bet, a number is set for the combined final score of both teams and you then bet on the actual score staying “under” that total or going “over” the set number.
Money line bets: When you make a money line bet, you are picking a team to win straight-up without any point spread.
Parlay Bets: The act of grouping together two or more picks into one single bet is known as a parlay.
Teaser bets: A teaser bet is a twist on a parlay in that you are still grouping two or more picks together in a single bet, but you can now tweak the point spreads in your favor in return for a lower overall payout.
Head-to-Head bets: For sports such as NASCAR and professional golf, a common way to bet these events is to bet on the head-to-head results between just two competitors. Whichever one finishes the race or the tournament in the higher position wins. Many times a money line will be attached to each competitor as a way to handicap the match. This type of bet is very popular for sports such as these considering just how hard it is to pick an outright winner among a very large field.
Sports Betting Statistics
1: Global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024
2: 450bn USD is the total global marketing gross gaming yield
3: Estimated global gambling gross win in the us is estimated at $74.39bn
The Biggest Sports Leagues in the World
- National Football League (NFL)
- Major Leagues Baseball (MLB)
- National Basketball Association NBA
- English Premier League (EPL) or use this link to get some betting tips for the EPL.
- National Hockey League (NHL)
- Campeonato Nacional de Liga de Primera División (LaLiga)
- Fußball-Bundesliga (Bundesliga)
Reasons Why People Lose Money When Betting on Sports
- Lack of a Bankroll.
- You Chase Losses.
- You Bet Without a Reason.
- You Always Choose Favorites.
- You Bet to Win the Game and Forget Value.
- You Only Use One Sportsbook.
How to make money on Pro Sports Betting
- Quality Over Quantity
- Avoid Big Parlays:
- Fade the Public
- Shop for the Best Lines
- Take Advantage of Live Betting
- Do Your Research:
Get more tips on how to start betting on football here