Betting online might seem like a bit of a risky hobby, but if you do it right, you can turn it into a profession almost overnight. Thanks to the internet, betting is now as easy as sending an email, through the dozens of online betting websites and bookmakers. You simply log on, view the odds, choose your team and place your bet.
But betting is gambling right? Even online betting? Not any more.
You can make money by betting online as long as you have the right information about the teams and the players. It helps to know about the league, the season, the referee, the fans, and pretty much everything else, but it’s not vital. As long as you know plenty about the game in hand, you can make a well informed decision about who is most likely to win before you place your bet online.
Why do you need to know all this? For two reasons:
1) To help you predict the outcome, whether that be a win lose or draw. Knowing the outcome of the game means you can pick and choose bets to give you the best odds and biggest returns. Generally, always try to bet on a team being the winner, even if they’re not your favourite team. Although, as we’ll see later on, betting on the winner may not always be the best thing, so that’s not a hard and fast rule.
2) Helping you understand the online bookmakers process of generating odds. They have access to the same information you do, so you can start to see where they’ve shaving the percentages off to make their profit, and so avoid greedy bookies who are giving poor odds for their online bettors.
And that’s vitally important. When you’re betting online or offline, knowing everything about the game isn’t the whole story. You’ve got to find the best bets available to you to maximize your win-rate. That means the dead certainties, the easy money. The odds will likely be lower on these bets, but that’s OK. They keep your win-rate high, and stabilize your betting career.
Once you’ve got betting online down to an art, and a system of websites and bet choices that you’re happy with, you can start scaling the whole process. Place larger bets online for the better bets so your winnings increase, and maybe even branch out to other online betting websites so you can place the same bet on several sites and get around any “maximum bet amount” limits.
The great thing about betting online is that it’s easy and scalable. If you were doing this offline in the real world, you’d be running around dozens of betting shops all over town, managing dozens of betting slips, trying to remember where you placed which bet to collect the winnings… betting online is so much easier – you sit in front of your computer, and the websites track everything for you. All you’ve got to do is keep checking your bank account, and watch the wins pile up.
Success in betting relies on having a good system. If you can find (or develop your own) a good system for picking your bets, you can be successful and profitable from day 1.