Start earning money from Sports betting


- Fact Checked by: PokerListings
- Last updated on: September 6, 2024 · 4 minutes to read
Start Earning Money from Sports Betting
Interested in learning more about the world of Sports betting including Value bets and Sure bets? We have the basic facts for you right here!
Sports betting is normally seen as a high risk-reward kind of thing, something we all do every now and then and i think many of you will recognize this scenario:
You are going to watch a game with some friends tonight, you login to your account at one of all the sportsbook providers out there and make a bet on either team for fun and some extra excitement?
You don’t bother to look around for the best odds on the market or put any special effort into it, and surely that’s the most common way of betting for most of us but it’s not the most profitable….
But what if I told you there are ways to minimize your risks to almost zero, or make a safe profit every time?
In this article we will tell you more about the terms of Value bets and Sure bets. As with all strategies there are pros and cons, and we will explain why and how important it is to follow these strategies.
What is a Value bet?
As the name will tell you, this is a way to bet on odds that are higher than the probable outcome of your betting object and finding the very best odds on the market to ensure this.
An example: We have a tennis game where the players are totally equal and the chances are 50-50. The odds then would be exactly the same for both players, lets say 1,90, and if we then can find a bookmaker offering 2,20 on any of the players, it would be a value bet, since the odds is higher than the estimated probability.
But how do we calculate this?
We can use the odds provided by one bookmaker on a certain event to see their estimate of the outcome, then we make our own calculation based on any statistics, knowledge and information we can find about the game and set your own probability of outcomes. Already here maybe you can see a Value bet at the bookmaker you are currently looking at, or you can shop around all of the bookmakers available to find even better odds and more value.
Also you can use your own skills in a certain market, if you have a lot of experience and information about a special football game or players in a tennis tournament etc, you can trust your own estimates and find odds at the bookmakers that are higher than yours. In the long run, always betting on value bets will ensure profit, but it’s a marathon, not a sprint.
There are also a lot of tools out there to help you both with the estimations and calculations and also to find the very best odds on the market, because the most important thing after setting your own odds based on your estimate is to find the highest odds offered on the market.
What is a Sure bet?
A sure bet, or also often referred to as a Safe bet, is taking advantage of the different calculations from different bookmakers to place bets meaning you simply cannot lose. Sounds pretty good huh?
It might sound easy and it is, but it’s also very important that you do everything correct by the book.
By betting on all different outcomes of a game, for example a football game has three outcomes; Home, draw or away team, and placing the correct amount on all three outcomes, you will often find a profit no matter the actual result.
But it is of course very important to both find the highest odds on all outcomes and also calculate the exact amounts to bet on each outcome.
This requires a lot of skill, time and maths if you want to do it all by yourself, but today there are a lot of tools offered on the market to help you find the best odds and tell you exactly how much to bet on each outcome to ensure that profit of maybe 5% or more.
A sure bet will not be available on all games of course but you will be surprised how many sure bets that are out there.
These tools and websites that offer this normally charge you a fee, is it worth it?
The profits from a sure bet normally might be between 2-6% and sometimes even higher, so you will not make a huge profit by only placing a few, but if you put some time and effort in you will find a lot of sure bets that will ensure a good profit in the long run, also after paying for these services.
Which one is better and what do I choose?
This is more a matter of your own skills in predicting a game or having the time to put in to gaining all the information needed to ensure it is a Value bet you are actually placing, or if you want to be more statistic and simply bet to ensure a small but safe profit every time, as long as you do everything by the book. An important factor to mention is also that in order to catch the bets in time before the bookmakers lower them, you will have to have an account at many of the bookmakers on the market and be quick in placing your bets!
This was a brief summary about the two different types of betting often used by serious sports bettors and if you are new to this but would like to try it out, we would highly recommend that you use one of all the providers out there that for a small fee will help you find the best odds and save you a lot of time