How to Make a Living Betting on the WNBA

The WNBA is currently in its 29th season and once again it’s time for the girls to shine. As the summer season is drawing closer people are looking for ways to make a living betting on the WNBA. Truth to be said the season is almost over, but that doesn’t mean you can’t make some money from it. In this article, we will tell you some practical ways to earn money from betting on the WNBA.

Join a Bookmakers Group

One of the simplest ways to make a living betting on the WNBA is to join a bookmakers group. These groups will connect you with licensed bookmakers who are willing to take your bets. All you need to do is to find a reputable group and open an account. You can use this account to place your bets and once the game has ended the bookmakers will payout your winnings. Obviously, this won’t provide you with a steady income, but it’s definitely a possibility to make some money from betting. It’s important to remember that some bookmakers might ask you to pay a certain amount of deposit upfront, so it’s a good idea to have sufficient funds in your account.

Start a Sportsbook Account

One of the simplest ways to make money from betting is through a sportsbook account. These accounts offer various types of sports betting including wagers on the WNBA. To start a sportsbook account all you need is an internet connection and a computer. You can use your computer to log onto the site and make a deposit. You will also need to create a user name and passwords to access your account. Once you made the deposit you can use the platform to place your wagers. Remember that the majority of sportsbooks require you to place your bets with them directly. So, if you’re planning to engage in this type of activity make sure you open an account with a reputable company. Also, make sure to check out the daily betting odds as they can be helpful for placing winning bets. Furthermore, it would be wise to stick with sportsbooks which are based in your country of residence as the laws governing sportsbooks can be a little different there. For example, the Unlawful Internet Gambling Act of UK is becoming more strict as of late.

Start a Blog

If you’re looking to make money through affiliate marketing then you can start a blog. When someone clicks on an affiliate link and makes a purchase after doing so, the company who’s product that they purchased will pay you a commission. You can choose the type of blog that you want to write: whether it’s sports related or not, health-related or fashion-related. The key is to find a niche and build a blog around it. The more traffic that you can get to your blog, the more opportunities you will have to make money off of it. Once you started making money off of your blog you can then use the funds to finance your other ventures.

Buy and Sell Futures

If you’re looking for an easy way to make some quick money then you can invest in futures. A futures contract is a legally binding agreement to purchase a defined amount of an asset, such as a stock, at a predetermined price on a certain date in the future. To put it simply, if you’re planning to make money from the WNBA then you can go long (buy) on the popular team names or players and then, at a later date, you can go short (sell) on the same. For example, if you think that the Minnesota Lynx will perform well in the upcoming season then you can go short on the name Minnesota and Lynx combination. Creating a trend watch list on the subject can also be a way to make quick cash. Buying and selling futures contracts is pretty simple; all you need is an internet connection, a computer and a brokerage account. You can use your computer to open a brokerage account and then to log onto the internet to place your bets. It’s important to remember that the majority of the brokers tend to require you to put down a small deposit to open an account and then they will charge you a small amount per trade. So, if you’re looking for an easy way to make some extra cash then buying and selling futures might be a good option for you.

Start a YouTube Channel

YouTube creators can make a lot of money through affiliate marketing, sponsorships and the livestreaming feature. If you’re planning to make a living off of YouTube then you can create content regarding the WNBA. Some creators will even give you an affiliate kickback when someone clicks on a product or service that you recommend. You can use this channel to publish videos covering the WNBA and then to promote various products and services which are tied to a commission.

Start a Podcast

Podcasts are all the rage these days and they can make a lot of money. If you’ve got a lot to say then you can create a podcast around your experiences relating to the WNBA. For example, you can interview subject matter experts or famous people who have something interesting to say about the league. Also, you can interview the players or coaches from the WNBA teams. The great thing about podcasts is that they’re relatively easy to create and even the smallest producers can get started providing they have a decent microphone and a decent studio.

Join a Sports Betting Exchange

There are many reputable sports betting exchanges where you can place your wagers. These platforms allow you to join in on the excitement of sports by taking a side (either directly or indirectly) on various sporting events. For example, if you think that the Minnesota Lynx will do well this coming season then you can go short on the name Minnesota and Lynx combination. You can also create watch lists of various players and teams and then follow the fortunes of those that you are interested in. Joining a sports betting exchange is pretty simple; all you need is an internet connection, a computer and a license from the respective sports league. Remember, for the most part, these platforms are regulated by the government and as such you should obey the law. Betting exchanges can also be a great place for people who want to engage in high-risk betting. The upside is that if you’re careful then there’s a lot of opportunity to make money out there.

Become a Trader

There are many ways that you can make money as a trader. You can work for a large company or organization which has an in-house or externally-regulated forex or CFD (contract-for-difference) trading department. Companies like Plus500 allow you to open a trade account with them and then use your computer to log onto the internet and place your bets. You can start small and work your way up, or you can join a group of traders and then participate in pools where you can win substantial sums of money. Most importantly, make sure to keep a close eye on your financials because this is where all your hard-earned money is going to eventually.

Start a Fund

An investment fund is a collection of money (typically from a number of different sources) which is then used to make financial investments in various companies and projects. Those who administer the fund (often known as the investment manager) will decide which companies and projects the fund should invest in and how much money should be put into each one. For example, the Golden Globe winner Deepak Chopra, an accredited professional counselor, has launched the Chopra Golden Globe Fund, Inc. The great thing about this type of investment vehicle is that it gives you the opportunity to potentially make money from both sides of the market: buying low and selling high.

Create an Online Store

If you’re looking to create an extra source of income then you can start an online store. You can choose the type of product that you want to sell: whether it’s clothing, accessories, gifts or something else. For the most part, online stores are fairly easy to create and administer. Essentially, you will just need a storefront, an inventory and a way to track sales. You can use this store to promote various products and services (including your own) which are linked to a commission.

The Bottom Line

In this article we discussed various ways that you can make a living betting on the WNBA. Not all of these will suit you, but hopefully one or two will inspire you to consider a new career. With the upcoming draft and several free agents set to hit the market in the next few months, there will be plenty of opportunities for those who are looking for a change. The WNBA is one of the greatest sporting events that you can possibly witness live. It’s a shame that some people can’t enjoy this amazing game because they’re too busy trying to make money from betting. Hopefully, this article will help them see the beauty of the game and the passion that the players and coaches have for it.