If you’ve been searching for the best way to make money from home, you’ve probably tried numerous ways of generating cash flow with little or no effort. You’ve probably looked at the major sports leagues like the NFL, NBA, and MLB and thought to yourself, “Gee, I could make some serious cash if I could just bet on those games.” Let’s be honest—the chances of you hitting a home run or laying down some crazy dribbling slam dunk are pretty slim. You’d be better off plopping down some cash on the roulette table at the nearest casino and hoping for the best.
The problem is that taking a profit of 170 on sports betting is more often than not a losing proposition. The fact is that you’re better off just putting your money in a savings account and enjoying the tax-free return of your investment. Believe it or not, there is a method to the madness and a way to make money from sports that actually is legal and has a better-than-average chance of turning a profit. Let’s examine how you can bet on sports and make money—legally—in just a few minutes. We’ll go over the best sportsbooks, how to place winning wagers, and the perfect formula for a money-making strategy.
The Best Sportsbooks To Bet On Sports
One of the best sportsbooks for betting on sports is bet365.com. We can’t say it enough times—bet365 is the original online sportsbook, and they continue to provide a wonderful user experience for sports betting investors. In addition to having a fantastic selection of sports and betting options, they offer a safe and secure environment for betting. Most importantly, they give you plenty of opportunities to win big. Check out their latest promotions and take advantage of their special offers. By doing so, you’ll soon find that betting on sports through bet365 is a profitable endeavor.
Another great option for betting on sports is 5Dimes.com. They’re consistently one of the top online sportsbooks because they offer special promotions, superior odds, and an easy-to-use website. You’ll find all the usual sports like football, basketball, and baseball as well as a robust selection of racing options. When you’re looking to stake your cash on sports, these are the two sites that you need to check out.
How To Place Winning Wagers At The Favorite Bookmakers
The key to making money from sports is to find the best odds available on the favorite team. To that end, you’ll want to check out the betting exchanges. These are online venues where people from all around the world come together to create a true global betting marketplace. People from Australia to Europe, Asia, and North America place bets on games using online money. The odds are then made available for everyone to see. The best part is that the majority of sportsbooks allow you to make money when your team wins but will refund your losing wagers. Sometimes this can even be done up to three times in a single game. The key to making money from sports through the betting exchanges is to bet on the favorites. The big-name teams like the New England Patriots are still available at great betting exchanges like yBet, where you’ll see a good mix of European and English options. If you’re a fan of the St. Louis Cardinals, check out the options at CSN Sportsbook. They’ve got the Blues’ tough rival covered too.
Profit Formula For Sports Bettors
Now that you’ve got the best sportsbooks and methods for placing winning wagers in mind, it’s time to put them into practice. The first step is to pick your favorite sport and team. Next, you’ll want to consider how much you’re willing to risk on one bet. You have three options here: lose all of it, win or split it 50/50, or win it all. Once you’ve set your risk level, it’s time to calculate your profits. You need to make sure that you’ve got the correct odds for your chosen sport. Do some research and find the best odds available for the game. Keep in mind that many books will give you a price break for multiple wagers. Here’s an example using the 2017 World Series between the Chicago Cubs and the Boston Red Sox:
- If you risk $100 on each bet and the Yankees win by three runs, your profit after taking your $100 wager would be $300 (3 x $100 = $300)
- If you risk $100 on each bet and the Cubs win by one run, your profit after taking your $100 wager would be $50 (1 x $100 = $50)
- If you risk $50 on each bet and win by two runs, your profit after taking your $50 wager would be $150 (2 x $50 = $150)
Once you’ve got your profit target in mind, it’s time to find the right place to put your betting cash. Many people mistakenly think that you need to be in a bookmaker office to place winning wagers. In reality, you can place bets 24/7 through most sportsbooks. All you need is a computer or smartphone with an Internet connection and a bank account. If you want to play on a mobile device, download a sportsbook app from the app store.
One of the most important things to consider when building a betting strategy is how to handle your money. You don’t want to get greedy and throw away money you don’t need. Instead, you need to use proper money management and try to minimize your losses. This will help you build a good bank account and increase your odds of winning. One of the best methods for doing this is through risk management. You can use a tool like OddsClear to keep track of your wins and losses and put yourself in the right position for the next game. Alternatively, you can download a sportsbook app and use its tools to keep track of your bets and analyze your performance.
More Than Meets The Eye
You’ll notice that there’s more than meets the eye to this strategy. First off, you need to have a good bank account. Second, you need to have a place to keep your wagers. Third, you need a system for analyzing your results and deciding when to keep playing or taking a break. Fourth, you need to be able to risk how you want and on what games you want. With proper strategy, there’s no reason why anyone shouldn’t be able to make money from sports.