Skip to main content

How much money can you make in sports betting?


  Everyone who is into sports betting, is aiming to make money in the end. The amount of money they are going to make depends on the number of bets, the money they are risking per bet and their edge. Edge is hard to be found in the beginning and can be more accurately calculated later on while betting. Yet, the gambler shouldn’t risk real money right from the start, since edge can be calculated by paper-betting; that is tracking their betting results on paper or in a spreadsheet. Finally, these 3 factors will determine just how much money they are going to make in sports betting.
Sports bettors often discuss about the possible long term profitability in sports betting and the prospect of living off sports betting. If you yourself are wondering of the profit you can achieve in sports betting, all you have to do is a couple of simple calculations.



The first and most difficult calculation is finding your edge against the market

That market is either the online bookmaker or other bettors like in a betting exchange. You should aim at seeking for value betting opportunities, which guarantee long term success. Value betting is betting on odds that are higher than the true probability of the event’s outcome. For instance, if you are betting on a game’s result at 2.00 (decimal odds), you need to be correct more often than 55%. Therefore the team’s probability to win should be at least 55%. If you have the ability to discover those opportunities, it’s only a matter of time until you can figure out just how much value you can extract from the market.
Practice is important at this point. The sports bettor has to bet with virtual money, so that they can confirm their win rate after an adequate sample of sports bets (say 200 bets) and eventually find out their edge. Thus, I would recommend writing down your bets and keeping track of your performance, by betting the same exact amount at each selection. That is known as flat betting.
Assumingly a sports bettor submitted 100 bets of 10 euros each during last month and ended up with 50 euros profit. They can easily now calculate their edge at 5%, by dividing their profit (50 euros) by the total betting stake (1,000 euros).

Calculating average stake size per bet

So, the sports bettor applies the same betting system on every bet they are placing, giving them an edge of 5%. Determining how much money they are going to make in sports betting depends now only on the amount of money they are going to risk per bet. Whether they bet the same amount or not, there will be an average stake size in the end.
By betting 10 euros per bet on average, the expected profit is 50 euros as I described. Obviously no one can live off that kind of profit. Yet, that profit is a huge step in sports betting, given only a few gamblers are able to make money in sports betting in the long run.
In order to make a living from sports betting, such as winning at least 1,000 euros per month, sports bettors must either:
  • increase their total betting stake or,
  • increase their edge.
5% is a respectable figure for the edge and they should be satisfied if they can achieve that kind of an edge long term. Thus, they have to increase their betting volume, either by increasing their number of bets or their stake size.

Increasing the number of bets

To win a thousand euros per month from betting on sports with 5% edge, gamblers have to place bets valued at 20,000 euros total. That is 100 bets of 200 euros each or 1,000 bets of 20 euros each.
Depending on the time you have at your disposal for sports betting, money management will dictate if you should increase the number of bets or the stake size. Nevertheless, making money in sports betting is by no means easy money...to get our ebook the 10 commandment of sport betting mail gisttablet01@gmail.com

Comments

Post a Comment

Popular posts from this blog

Hottest Women Footballers 2015 FIFA World Cup

Women FIFA World Cup 2015 edition will be taking place in Canada in the summer this year and with just month and half to go the build is taking off slowly but surely. This will be one of the biggest women competition in sports with FIFA Promising a full fledged broadcasting programe enabling all the countries to show matches from the world cup live on free to air channels. Women football would do alot more with extended exposure promised in Canada this summer. Female footballers are already headlining the news ahead of 2015 world cup with constant appearances in world renowned sports magazines. covers and what not. Today we take a look at some of the hottest female footballers heading to world cup. We will try to at-least mention one from each country participating in this years mega event. Jonelle Filigno (Canada) One of the hottest women footballer which caught my eye during 2015 women world cup was Canadian Jonelle Filigno, she is a pretty good player and got a h...
Post a Comment
Read more

Ronaldo vs Messi All Time Records Compared & (2015-16 Statistics)

Messi vs Ronaldo 2015-16 – Statistics and Records: The 2015-16 season is into its full flow with La Liga season started today while Messi has already played three competitive games this season in European Super Cup and Spanish Sup Cup.
Post a Comment
Read more

These Two Lads Made £400,000 In 18 Months Purely Betting On Football

Betting On Football      Together, they spend every single day watching football, placing bets and making thousands and thousands of pounds from betting. In the past 18 months, Gavin and Alex Walker have made nearly £400,000 in the space of a year. In fact, they once made £17,000 (one years salary) in a week. So why work? The brothers live in a massive penthouse flat in London, with huge 50inch plasma TVs, enormous double beds and an incredible view of the city. It really is the good life. They spend all of there time betting on football and that's how they earn the big bucks.
Post a Comment
Read more