There are a lot of different ways of making money on the internet. Most people’s first instinct is to turn to types of freelance work like writing and editing but did you know there is a much easier and more profitable way of generating income online? Sports betting is something that has been undertaken for thousands of years. Now the internet has come along it’s easier than ever for people to place bets. If you are interested in sports and want to use your knowledge of them to make money then this post will tell you about some of the different types, styles and methods of betting you can try out:
Finding Bookmaking Sites
If you are interested in sports betting then you’ll need to find a reliable site to use. An online sports book can be usefull too. Unfortunately, all over the internet, there are bookmakers with rigged games. In order to comfortably play or place bets you need to find one that can be trusted, ideally with good reviews. An example of a review that can be trusted is this Betpop review or others on the same site. A bookmaker’s reviews can tell you everything you need to know about them and make finding trustworthy sites much easier.
It also needs to be noted that in addition to reading reviews, it is also sensible to find sites that are hosted in a safe country, i.e., the United States or the United Kingdom. Unfortunately, some casinos and bookmakers host their sites in countries without strict gambling regulations. Such sites are able to steal people’s money without consequence. If the host country of the casino you are playing in does not have strict and enforceable gaming regulations then in theory the casino can do anything they want, including theft.
Money Line Bets
Moving away from how to find a casino to different types of sports bets, the first that you need to know about is the money line bet. The money line bet is the simplest and most common online bet you can make. When you bet on a team’s money line you are, in more simpler terms, betting on that team to win.
Over/Under
Another popular type of sports bet is the point total or the over/under bet. The reason they’re called over/under bets is that bettors are betting on a game’s total to go over or under. Total bets are when you combine the number of points between both teams playing. You then bet under this.
Point Spread
The point spread bet is another very common bet. When betting on a spread you are actually betting on a team’s margin of victory instead of the game’s final result. Point spread bets can be very profitable and tend more often than not to have very attractive odds.
Parlay Bets
Parlay bets aren’t as common but are still a favourite among many gamblers. Parlay bets are bets on multiple bet winnings. One of the reasons these bets are popular is because they allow bettors to bet small amounts of money but win large ones back.
Live Betting
Live bets are ones placed on games that are currently still going on. Live betting can be a fantastic way of turning a profit if you are able to predict a game’s outcome. A lot of people fail at live betting because they are not successful in their predictions. Live betting is fun because the odds change all the time, based on what’s happening in the game.
Matched Betting
Matched betting is not a type of sports betting but rather just a general betting strategy used for sports and casino betting. Matched betting is something that’s worth looking into as it can give individuals who’re not especially experienced or very good at betting a chance to make money without losing their own.
It is essentially just when players of casinos and bettors use bonuses to play rather than their own money. Casino bonuses are monetary gifts given to the players of casinos and users of bookmaking sites to encourage them to start playing (with an aim of them losing the bonus money and then using their own to play, so casino bonuses are essentially just a way of getting people hooked).
It is worth noting that some casinos have started cracking down on matched betting, labelling it bonus abuse. If you are caught matched betting by the casinos and bookmaking sites that you are using then you can expect to get your accounts blocked and all of your winnings in them blocked.
A good way to avoid getting caught is by moving money around and withdrawing it as soon as you’ve made it. Instead of keeping money in one place, move it to different casino and bookmaker accounts. Doing this will make you look like you are depositing your own money even though it’s just bonus money.
Betting Responsibly
If betting is an activity you are interested in taking up to make money from then you need to be very careful. Inherently, gambling is a risky activity. People regularly bankrupt themselves and there is of course no guarantee that you are going to win, even if you are a good bettor.
A good way to protect yourself is to set your own limits. Most casinos and bookmaking sites allow you to do this. Setting your own limits involves restricting the amount of money that you are able to play with. If you exceed the limit that you have set then your account will be temporarily frozen.
Of course, after your account has been frozen you can always go on play on another casino or bookmaking site which is why you need to control yourself. If you are not in control then you will end up signing up for and using another site when your main account is blocked.
If you believe your gambling is getting out of control then you can sign up for services like GAMSTOP which completely restrict your ability to play on any of the internet’s gaming sites.
Making money from betting is possible but not easy. You need to find the style of betting that’s right for you if you want to make a profit. Make sure you keep in control of yourself and limit yourself if you are not.