Can Sports Betting Be Profitable? Here Is The Truth!

Sports betting is part of following sports events for millions of people around the planet. No matter where you are, a few quid on a match makes the experience more exciting. But the main question is - can sports betting be profitable?

In short, the answer is yes, but it depends on several factors. We will discuss those factors in this blog post.

Sports betting provides an opportunity to back your knowledge about a particular sport. Take football, for example, a global sports phenomenon and the number one sport.

There are few people you'll talk to who don't have an opinion about their favourite club, tactical ideas or players that should be used one way or another. Likewise, if you ask someone to predict a match, you will likely get an answer, possibly the correct result prediction.

Whether backed or not, that knowledge can be transferred to sports betting and ultimately generate income.

Although turning this expert status into a full-time job is very challenging, some principles can be used to ensure success.

Read more about it in our special blog - Proven Best Football Betting Strategies.

Why is Bankroll Important?

Before committing to sports betting, it is essential to determine your budget. While casual bettors see sports betting as a form of entertainment and an opportunity to earn money, understanding sports betting as a serious business requires detailed and precise planning, which always starts from the Bankroll.

Why is Bankroll important? Crucially, it ensures the stability of your day-to-day finances. If you want to get more serious about sports betting, set aside some amount that does not threaten your existence.

"Eat your betting money, but don't bet your eating money." - Anonymous

Do not go all-in by any means, but go slowly.

With a responsible bankroll, you will ensure:

• The safety of your existence - an absolute priority

• Making better and more calculated decisions regarding gains and losses

• You will chase your losses less

• Reduce the number of emotional decisions that are by no means a good thing

• You won't play too much in one match

Bankroll management is, therefore, financial management. If, for example, you set aside 1,000 USDT for betting, then you should also determine the percentage of the total budget that you want to play and your maximum.

If you bet 3%, for example, a 30 USDT bet is an excellent bankroll method that should bring steady growth.

Most Profitable Sports Betting Strategies

When you set up your bankroll management, it's time to choose a strategy with which you will bet.

You must understand the basic sports betting terms as well as the odds.

If you need more clarification about how sports betting odds work, check out our blog, which discusses moneyline, decimal, and fractional odds in detail.

Basic Betting Terms

These are some of the primary sports betting terms.

Odds - odds represent a chance for a specific outcome in sports. They also show how much you will get from the invested money. For example, if the odds are 1.50, for every 100 USDT, you get 50 USDT, so your balance is 150.

Stake: Your stake represents your profit, which depends on it. The bigger the bet, the bigger the profit.

Accumulator or Parlay: Accumulator bet combines several selections in one bet. All selections must be hit for the accumulator to be paid.

Handicap: A handicap is often used when a big favourite meets a team that is in bad form or of lower quality. It is used to even out the odds.

Each Way Bet: This game is most popular with horse racing, and you can play on Tetherbet. It contains two parts - one bet on the win and one five on the selection to place.

In-play betting: In-play or Live betting is a game for big wins, especially when the team or player you favour starts badly. Markets change in real time depending on the match's development.

Cash-out: Cash-out allows you to withdraw money before the end of the match or market you have selected. This may be an excellent opportunity to withdraw money, depending on the situation.

Popular Sports Betting Strategies

A successful betting strategy combines the player's style, specialization, and choosing the game that suits you best.

Create your sports betting system by combining the factors mentioned above to ensure planned play, supported by detailed monitoring of the sport or club and adequate strategy.

These are some of the most popular sports betting strategies highlighted by experts.

Value betting

Value Betting occurs when bookmakers underestimate the possibility of a specific outcome, such as Aston Villa winning away against Manchester United for example. By betting on a more realistic outcome than the odds show, bettors can gain an advantage in the long run.

This requires careful analysis and discipline.

Example: Looking for bets where the bookmaker underestimates the team's chances. If Manchester City have odds of 2.0 to beat Arsenal and you estimate their chances to be 60%, that is a value bet. Always look for opportunities with a higher return than the risk!

Bankroll Management

It is crucial and one of the more popular strategies in the long run. In this betting tactic, bettors invest only a tiny percentage of their funds, usually from 1 to 5%, on each bet.

This reduces the risk of losing significantly and helps you overcome losing streaks.

“The only way to beat the odds is to be smart and disciplined.”

Example: Your betting budget is the key to success. If you have 100 USDT, don't risk more than 5% per bet. Example: Bet 5 USDT on Manchester City to win against Chelsea. Staying disciplined protects your Bankroll in the long run.

Arbitrage Betting

Arbitrage betting strategy means you bet on all possible outcomes through different bookmakers to ensure a profit regardless of the results.

While this is one of the safe strategies, the potential for winnings could be better because you will be chasing the odds at different bookmakers to ensure the best odds for a specific result.

Example: Use odds differences between bookmakers. If one bookmaker offers 2.2 on Manchester City and another 2.1 on their opponent, you can cover both sides and make a risk-free profit! This requires quick reaction and accurate calculations.

In play (live) betting

Live betting means following the event and backing up your feelings.

Here is an opportunity for significant gains, especially when the underdog starts well, for example, a tennis match or a basketball game.

At that moment, the markets on the favourite grow, and your eye test will tell you who to put money on.

In-play betting means tracking and a good feeling that can turn into a big win.

Example: Follow the match live and take advantage of the odds changes. If Manchester City concede an early goal, the odds for their comeback could rise. Find the moment when the odds offer the best risk-reward ratio.

Sharpening your handicapping

In a betting context, a handicap is a way to even the odds between two teams, especially when one team is considered better than the other. It's how bookmakers "balance" the disparity between teams and create fair betting odds.

In football, handicap betting can mean that the favourite "handicaps" (gets a negative value), while the weaker team gets a positive handicap (bonus). This type of betting aims to increase excitement and interest in betting on the weaker team, as it gains some advantage.

Example: Let's say that Manchester City is the favourite in a match against, for example, a team like Southampton. A bookmaker can offer handicap betting, where Manchester City is "handicapped" and has some negative value, while Southampton gets an advantage.

Manchester City -1.5 Handicap

This means that Manchester City must win by at least two goals for you to win a bet. If Manchester City win 1-0, the bet on Manchester City -1.5 would be a losing bet, as they did not win by two goals.

The odds for Manchester City with a -1.5 handicap can be 2.00.

Why?: The bookmaker estimates that the odds of Manchester City winning by two or more goals are high enough to offer odds of 2.00.

Following the tipsters

This strategy involves following professionals who invest large sums of money and influence odds changes.

Odds changes also mean investment trends, so you can follow what experienced players bet on.

Experienced players + big stakes equal a more significant following, so you practically get insider information.

Example: Choose tipsters with proven results. If a tipster suggests a Manchester City win with a handicap (-1), check their logic and statistics. Always combine their advice with your analysis.

You might like this: Beginners Guide to Sports Betting Basics

Mistakes to Avoid

How can sports betting be profitable? By avoiding mistakes to start with. All betting strategies for big wins fall into the water if you make one of these mistakes.

First of all, don't bet on emotions.

Although we stated above that you should follow your feelings, this is not the same as betting on emotions. Betting on your favourite team is the most common mistake.

Pay attention to your Bankroll. Bet as much money as you can.

Don't chase losses. Quick attempts without analysis to recover lost money will usually not end well.

This also means that you have to do analyses. Before betting, see if your pick, be it a team or an individual, has problems, injuries, or any other crises because this can affect performance.

Good form usually means a greater chance for a good result, even for the underdogs.

You want to support the team so that it has a greater chance of achieving the outcome you plan to bet on.

Can you be profitable in sports betting?

Short answer - YES! Sports betting can be profitable if you have realistic expectations and an adequate strategy.

Today, you will see many professional tipsters living a comfortable life out of betting, which they have made real careers and businesses out of.

Many celebrities are more or less successfully engaged in sports betting and cannot resist the excitement it offers.

"Gambling is not a vice, it is an expression of our humanness. We gamble. Some do it at the gaming table, some do not. You play, you win, you play, you lose. You play." - Jeanette Winterson

Final thoughts

Why should I bet with crypto? Advantages of Crypto Betting: Make Smart Move With tether.bet

However, to make it all successful and provide more enjoyment, following the steps mentioned above is advised.

A tip for a more realistic profit that would amount to a few thousand per month is to start with a fixed budget of 1000 USDT and to play with a few percentages; according to experts advice, a maximum of 5% of your budget per parlay.

Stay updated with all the information for the teams or players you are betting on. Pay attention to the head-to-head, form, possible injuries and absences. Constantly learn, improve, and specialize in one area, sport, league, or club.

You won't get rich overnight with small stakes, but success will come with adequate strategy, hard work, and smart play.

Embark on your betting journey with up to 200 USDT in bonus funds, courtesy of tether.bet Sportsbook! Make your first deposit and revel in a splendid 100% deposit bonus.

If you liked our guide Can sports betting be profitable, you may also like How To Bet On Horse Racing

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