In this post, we want to highlight a number of ways people can consistently make profits from this huge industry. It is not a hidden fact that more people lose than win in football betting. In fact over 90% of people who bet end up losing. This guide aims to help punters be among the winning 10%. How To Make Money From Football Betting.
If you are looking to make money with football betting, there are several approaches and strategies you can employ. Here we look at some of the most popular and give you a little more detail on them, along with their pros and cons.
Accumulator bets have become very popular in the football world because they give bettors a chance to combine two or more bets to maximize their winnings. You can place an accumulator bet, which is also referred to as an acca bet, by picking two or more teams to win fixtures. Capital: According to a popular saying, 'to make money, you need money.' This is the first step towards making a profit in football betting. You don't just need money; you need a good amount of money to start betting, especially if you want to start as a punter. Punters are those that put a huge amount of money on low odds to make money.
Almost all of the strategies will require a great deal of skill, effort and dedication, but if that all sounds like too much hard work, we will begin by taking a look at the easiest ways to profit from betting on football.
Matched Betting in Football
Matched betting has been around a long time and is a proven, guaranteed method of making cash punting on sports, with football one of the best options. We personally know lots of people who have made substantial sums of money from this technique, and whilst it is underpinned by some relatively complex maths, basically, anyone can do it.
It is beyond the scope of this article to deliver a full guide to matched betting, but there is a wealth of information out there (and available for free, so ignore anyone trying to sell it!). As well as “how to” guides, there are calculators and other tools that do much of the hard work and all of the tricky maths for you.
In short, matched betting involves betting on an outcome whilst simultaneously betting against that same outcome with a different betting site in a way that guarantees a profit. The most common way to do this is to bet on a football team, score, player, or anything else with one bookie and then use a betting exchange to lay the same team, player, or other selection.
When this technique is used alongside the many free bets, sign up offers and welcome bonuses that bookmakers offer both new and existing customers, there is the potential for great profit. Matched betting is easy and is as risk-free as crossing the road, which is to say there is no real risk if you do it correctly, but a human error (your own) can lead to mistakes.
Football Arbing or Arbitrage Betting
Arbing, or arbitrage betting, is a natural progression from matched betting and is a great way to make money once you have exhausted all the available betting site freebies. Arbing entails backing and laying a selection at such odds that it is profitable even without the use of a free bet or promotion. This is possible because most online bookmakers may view a market differently, change their odds at different times or just have differing liabilities on a particular game or outcome.
Dutching is a similar process whereby rather than backing and laying a selection, you bet on all options. So whilst arbing might entail betting on Man City at odds of 1.4 and laying them at odds of 1.32, dutching would involve betting on Man City to win, as well as the draw and Man City to lose (i.e. backing their opponent to win) at odds that meant that no matter what the result, you would make a profit.
Both dutching and arbing can guarantee a profit on your football wagers, but both can be time-consuming. You need to scour the odds at various sites by comparing the bookmakers and their odds before calculating how much to stake (or lay) on each selection.
In addition, sooner, or if you are lucky or prudent, later, betting sites will tend to limit or ban those customers who are arbing. Lastly, because profit margins are small and speed is of the essence, there is a danger that one small error, for example backing the wrong team while rushing, can wipe out many weeks of profit.
Free Bets for Football
We would argue that matched betting is the best way of making money with football betting and it is simple and easy. However, if it sounds like too much effort, there are even easier options.
One is to look for bookmakers that offer free bets as part of their welcome bonus for sports, as is the example with UK finest Ladbrokes welcome offer, or as a part of regular promo offers, targeting loyal customers. Check out which bookie have free bets from the info in the table below.
How To Make Money From Football Gambling Losses
How To Make Money From Football Gambling Cards
We feature loads and loads of free bets here from some great bookies. Simply by joining lots of different betting sites and using their free bets you shift the odds of making a profit in your favour.
To explain this simply, if we assume a bookie gives you a 100% free bet worth £25, the value of the free bet is bigger than the overround (which is in effect the bookmaker’s profit margin, created by offering lower odds than the true probability implies).
If the overround is, as an example, 20%, by using a 100% free bet you will, in the long term, make a profit. You are getting £50 worth of bets for just £25 and with so many free bets and offers available, even a very unskilled punter could expect to make money overall.
Football Tips
Yet another option, if you want to land some winners, is to follow a tipster. There are plenty of free tips available online with many more paid tipping services also on the market. Some of the paid options may offer free trials so giving them a go and using small stakes is well worth considering to see what success you have.
Tipsters tend to make many claims about their past successes, but the veracity of these claims is questionable. Some tipping sites have been shown to have doctored or manipulated “proof” to back up their claims of winning bets, so we would recommend exercising caution if this is the route you opt for.
That said, our feeling with regards to following tipsters, particularly paid ones, tends to revolve around one obvious question: if their tips are so good, why are they selling them or giving them away? There are some valid reasons why a tipster might prefer to sell tips rather than back them… but not many.
Football Trading
Trading is another option for profiting from football and has become increasingly popular over the last 10 years as more and more people have become familiar with betting exchanges such as Betfair.
Trading involves making money by predicting odds movements, rather than the actual outcome of a game. Trading can be done pre-game or in-play and there are lots and lots of different strategies, but in many ways the same skills that are needed for value betting (see below) are also required for trading. A good idea is to check out which bookies offer better live betting platforms, as is the case with the unparalleled 1xBet in-play section that comes with lots of useful features that may benefit punters who want to try trading.
How To Make Money On Football Bet
Those trading pre-game may believe that the initial odds on, for instance, Man United to beat Everton, are too high. Quite simply, they believe the odds are wrong and will drop once the market naturally corrects itself.
In this instance, you could profit by betting on the Red Devils, let’s say at decimal odds of 2.4. When the odds move the way you have predicted, you can then lay them – i.e. back against Man United winning – at the shorter odds of 2.1 and in so doing guarantee a profit no matter what.
This is similar to arbing and matched betting in that you will make the same amount of money whoever wins the game. However, the difference with trading is that the advantageous position isn’t guaranteed when you make the bet and it relies on your judgment being correct.
How To Make Money From Football Gambling Money
If you call things wrong and United drift to longer odds of 2.6 you would be forced to accept a loss. However, you go about trading ultimately it requires a lot of knowledge, skill and dedication, so clearly isn’t an option for everyone.
Value Betting
Value betting, as we discuss at greater length in our Key to successful sports betting feature is how professional gamblers usually try to cash in betting on football and other sports. This requires dedication, a huge amount of effort and research and a lot of skill.
How To Make Money From Football Gambling Winnings
Most people will not be able to beat the bookies consistently. If it was easy and everyone did it, the bookies would soon go out of business and as we know, that isn’t the reality.
Value betting entails studying all the available form, stats, news and other information to make an assessment of a team’s chances of winning a given game, the likelihood of a player of scoring first, the probability of match having over 2.5 goal or whatever other football market is being considered.
This probability is compared to the odds and when the odds are right, which is to say higher than they should be given the calculated chance of success, you have a value bet. Keep finding value bets and, over time, you will profit; but sadly this is far easier to say or to write than it is to do.