How to Create Your Own Sports Betting System?

The legalization of sports betting means that more and more people are looking for ways to wager on sporting events. Although there are plenty of reputable and established companies that offer services to match bettors with betting opportunities, you may decide that you want to create your own sports betting system. The main purpose of creating your own betting system is to allow you to bet on events and leagues that interest you, rather than relying on someone else to make the selections for you.

To help you along the way, we’ve compiled a list of tips that will assist you in creating your own sports betting system, or at least give you some helpful pointers to point you in the right direction.

Tip #1: Look At Other Sports Betting Systems

One great way to learn more about creating your own sports betting system is to take a quick look at how other sports betting systems operate. You can do this by simply logging onto the Internet and looking at the betting sites for professional sports teams. Simply find a team that you follow and look at how they do in games versus the spread. This will give you a good idea of how most sports books work and you can learn a lot from it.

You don’t necessarily have to start from scratch and build your entire system from the ground up. You can use the information you’ve gathered as a foundation and build upon it. For example, if you’ve identified that the New England Patriots are a team that you follow and they usually cover the spread almost every time they play, you can use this as a guideline to build your system around.

Tip #2: Choose A Sports Book That Suits Your Needs

One of the first things you’re going to want to do is to choose a sports book that suits your needs. There are several things to keep in mind when deciding which sports book to go with. First, make sure that the book is reputable and has good reviews. You can also look at the betting lines for the different sports books to get an idea of what kind of odds are available on events that interest you. Keep in mind though that the odds will never be in your favor if you don’t know how to place a bet correctly, so make sure you read the instructions thoroughly before placing any bets.

Tip #3: Learn How To Place Bets Correctly

One great way to make more money from sports betting is to learn how to place bets correctly. Although there are several different ways to place bets, which one you use depends on whether you’re betting on football, basketball, or baseball. In general, you’ll want to use the lowest amount of money possible on each bet you make and make multiple small bets rather than a single large one. Large bets on the other hand, can sometimes be a good idea if you’ve got the money to back them up, but usually it’s better to spread the money around and bet on several different games or sports activities.

The important thing to keep in mind is that you shouldn’t ever bet more than you can afford to lose. There are a number of different ways that your wagering could go bad, and if you’ve never done it before you may not know how devastating it can be. If you feel like you’re losing more than you’re making, it’s usually a good idea to cut your losses and try a different sports book or place you bets on less desirable games or leagues. When you start getting profitable, you can always raise your stakes a bit and try again.

Tip #4: Consider The Legal And Financial Aspects Of Sports Betting

One of the main reasons that you might want to create your own sports betting system is to bypass the legal and financial aspects of placing wagers. The good news is that as long as you stay within the law you don’t need to worry about losing your money because of legal problems. The bad news is that there are still plenty of obstacles in your path to profitability. One of the biggest problems is the financial aspect of betting. If you don’t have a lot of money to invest in your system you may not be able to make it profitable, even though you follow the correct formula.

To give you an idea of how much you may need to invest, let’s say that you discover that the New England Patriots are one of your favorite teams and you want to bet on them regularly. To make things easy you decide to use an automated betting system that takes care of all the financial aspects of betting for you. You input your wagers and the system does the rest. Unfortunately, after a few months of hard work you discover that betting on the Patriots is not as profitable as you’d hoped, and you’re forced to take a hit on your investment. This could mean losing a lot of money and it’s something you might not be willing to do.

For those of you who are looking for a way to make extra money, the legal status of sports betting in your country might be something to consider. In some countries, if you want to place bets on sporting events you may have to find a way to hide your tracks. This could mean using VPNs or offshore bank accounts to keep your money safe and out of reach of tax authorities. In some countries, the legal status of betting is still somewhat of a gray area. If you’re looking to take the financial risk of betting, maybe consider looking into places where it’s legal to do so.

Tip #5: Consider What Are Your Goals For This Venture?

Another important thing to consider when you’re creating your own sports betting system is what are your goals for this venture? Are you looking for a way to simply make extra money or do you want to use this as a stepping stone towards some other venture? The fact is that not all risky endeavors are created equal, and although there’s nothing wrong with wanting to make extra cash, you should consider the risks beforehand. Are you aware of what kinds of risks you’re running by engaging in this kind of activity?

If you’re looking to take the chance of investing in a sports betting system, perhaps consider looking into other options that may be safer or more practical.

Tip #6: Don’t Forget The Necessary Software Tools

One more thing to keep in mind when you’re creating your own sports betting system is that you’re going to need some software tools to make it all happen. The good news is that there are a number of free or low-cost tools available online that can help you build your system correctly. Simply search for the term “sport betting software” and you’ll find a variety of tools that can help you get started.

To name just a few, Statman Sports provides a free tool that can be used to build a sports betting system. This tool allows you to enter in the scores, date, and number of teams participating in a game, and it will give you the total number of points you may need to wager on the game. To get started simply visit or click on the button below.

The Bottom Line

If you’re looking for a way to make extra cash, there are certainly legal and reputable ways to do so. One way is to start a sports betting business with an established company or individual. Another way is to develop a sports betting website or app and charge people for using it. Still, another way is to create your own sports betting system and begin placing wagers on sporting events. The great thing about this option is that you get to choose the games and events that you want to bet on and you don’t have to rely on anyone else to make the selections for you.

Although it’s not for everyone, if you’re interested in trying out sports betting as a way to make extra cash, you should certainly give it a thought. Just remember that it’s not an easy path to riches and you’re going to have to put in the effort to learn how to place bets correctly and build up a bankroll before you can begin making any serious money.