“Soccer is the most important of all the unimportant things” – the famous quote by Pope John Paul II shows just how much fun this game brings to fans all over the world. But fun doesn’t have to be the only thing you get from your favorite sport. Money can come your way as well!
Sports betting has a huge money-making potential, but only if you do it the right way. “House always wins” – you might hear people saying. True, but the reason for that is that most bettors let their heart lead them in picking bets. If you want to make money on soccer betting, you need to let your brain stay in charge.
By doing these things methodically, you increase your chances of becoming one of the few who can make a very comfortable living off sports betting. And the most important part of this journey is learning. You need to do your homework in order to be able to pick winning bets.
Do Your Research
In the words of Gordon Gekko from the movie Wall Street “information is the most valuable commodity”. And it really is; knowing what’s happening in the squad can tell you a lot about their chances of winning the game.
If you’re a soccer fan, you won’t find it difficult to spend hours reading the latest news about the clubs you want to bet on. Apart from the fun things, you will also have to do some slightly boring stuff. You will have to take a look at the teams’ stats, their forms, their head-to-head duels, and so on.
Another thing you will have to pay attention to are the odds. The thing about sportsbooks is that they really don’t like giving away their money. So, if the odds look too good to be true, it’s because they probably aren’t. If a team is a huge underdog in bookies’ eyes, there is a reason for that. And that reason is that the favorite is probably going to win that match.
Checking the odds is important for another thing. Odds suddenly dropping/rising should sound an alarm in your head. Such things happen only when someone puts a lot of money on one outcome.
If it’s a minor league event, even a single person can upset the odds. But, if it’s a big game in question, only really huge sums can change the odds. And that means that a lot of people are placing their money on a certain bet, suggesting that they might know something you don’t.
Find the Right Sportsbook
Even if you’ve found your ideal bet, you won’t make too much money if the odds aren’t great. A scenario that’s likely to happen is usually accompanied by not-too-attractive odds. Unless you’re ready to wager a seriously big sum, you won’t make a lot of money. As you probably aren’t too eager to put all you got on a single soccer game, you need better odds.
It’s all about profits when it comes to betting, both from your side and the point of view of the sportsbook. The sportsbook profit margin is a term you need to get familiar with. It refers to the percentage the sportsbook earns from an event, regardless of its outcome.
To ensure that the house always wins, the sportsbook will set the odds in a way that no matter what happens in the game, they’re gonna get their profit. That’s the reason why you will always lose money even if you cover all potential outcomes in one match.
Finding a sportsbook with a decent margin means getting better odds on your bets. But that’s easier said than done. The thing is that sportsbooks have a big margin percentage in order to cover their expenses, among which is the gambling license, which can be pretty pricey. We’re talking six figures here! Annually!
So, maybe the solution is to take a look at what offshore bookies have to offer? As tax is much smaller in island nations like Curacao than in countries like the UK, offshore sportsbooks have the luxury to offer their players more competitive odds. OffshoreSportsbooks.com is the place where you can get all the info you need about these kinds of books, as well as read reviews and tips on how to pick the right one.
Decide on Your Betting Strategy
Betting a lot of money on a single event won’t bring you a lot of money, especially when you take into account the risk you’re taking. Instead, you need an elaborate betting plan which will ensure sustainable income for you for a long time.
There are literally hundreds of betting strategies out there from which you can choose from. Still, almost all of them have one thing in common – they’re designed to bring you profits in the long run. What we’re saying is that you need to be prepared to lose money in order to make money.
An average bettor has a win rate of about 50%, even when betting on lower odds. The trouble is that the odds they’re hitting usually aren’t that awesome. If you’re going to win every other game, your winning bets need to be over 2.00 just for you to break even at the end of the month.
And even if you manage to improve your winning rate above average, while betting on more lucrative odds, you still won’t make yourself a millionaire. The good news is that there’s might be a solution.
Ask Experts for Help
There are some people who bet on sports professionally. For them, it’s their main source of income. These guys have impressive winning rates, putting their money on pretty profitable odds. And the best thing is that some of them are ready to share their knowledge with you!
There are many sites out there where you can get tips from professional handicappers. FootieHound.com is one of them. This is the place where you can get soccer betting tips from professional football bettors who pick winners almost all the time. You can get some tips for free from them or join the VIP club for an unlimited number of expert betting tips.