It’s a common query; How do you win at sports betting in the modern world?!
Fortunately, thanks to advances in technology – it’s no longer that hard…
I’m not claiming it’s easy to accumulate monstrous wealth though, that’s a bit trickier. However, this post will take you through 4 different ways people are consistently winning in sports betting. We’ll even take a look at how some of them are done!
Broken down, let’s take a look at the 4 most popular (and proven) methods:
Starting with the easiest way to pick up a few quid…
How to Win: Bonus Bagging!
If you’re not familiar with the term bonus bagging, it’s quite simple. The clue is in the name.
It could be described as:
a methodical process exploiting bookmakers’ free bet or increased odds offers in order to lock in a consistent profit.
Simple. Although, the downside to this sports betting method is the limited upside.
Initially, you can probably make around about £1,000 from bookmakers signup offers. However, once the signups are gone, you’re on to bonus bagging the reloads.
Unfortunately, the reload offers aren’t so large in monetary value. Either way, you should still be able to make around about a few hundred pounds a month, providing you dedicate a little bit of time and effort.
Bonus Bagging in Five Steps:
To get started…
1) open an account with a free bet offer.
2) place a first-back bet with a bookmaker.
3) place lay bet on the exchange on the same selection for a similar price. (You may lose a couple of pounds during this.)
4) wait for the event to finish and claim the free bonus bet.
5) repeat the entire process with the free bonus whilst balancing the potential returns evenly.
That’s it. You’ve just completed your first bonus bagging signup offer.
Is Bonus Bagging a Scam?
We can confidently confirm that bonus bagging is not a scam! It’s completely legitimate.
However, there’s a fair amount of negativity towards this method of sports betting online.
Usually, for two reasons:
- First of all, the potential downside with this approach to sports betting is that bookmakers change their terms and conditions. If you employ this method, ensure that you check the terms and conditions first. People have lost money over time when the bookmaker has changed their terms after somebody has started to bonus bag the offer. Nobody wants that to happen.
- The second source of negativity around Bonus Bagging comes from previous users who have exhausted all the free bet offers.
In summary, bonus bagging is a great way to pick up a few quid quickly. It’s relatively easy and it doesn’t take a huge amount of time. The upside is limited though, and so it’s not going to make you a millionaire anytime soon.
The next logical step (if you’re interested in making larger money) would be…
As regular readers will know, Exchange trading is a highly profitable approach to sports betting on the betting exchanges. With no bookmaker limitations, terms and conditions, maximum bets, or restrictions on the amount of bets you can place, the potential upside is massive.
In fact, this is why Betfair contacted me to feature in their marketing campaigns as a profitable customer. If you’re interested in trading, you should see a further more in depth explanation on this link here.
The barrier to entry in sports trading successfully is significantly higher. Mainly because it requires a certain element of knowledge, skill, information, and correct timing.
However, the process is quite simple. You simply need to back a selection at a larger price than you then lay it off. This can be done in either direction.
As you can see in the image below:
Now just think, with 16 to 30 horse races taking place each and every day, this type of sports betting could be extremely lucrative. It’s why the popularity continually grows. But as we said earlier, it’s not the easiest thing in the world to learn.
So if you want something slightly easier that can be more lucrative than bonus bagging, but less challenging than sports trading we would suggest…
Exploiting Price Mistakes:
Nobody’s perfect, especially the bookmakers (they’re horrible in truth).
Fortunately, with the changes in technology, it makes it even easier to exploit the bookmaker’s prices. Simply, put you can win on a consistent basis by highlighting the price differences between bookmaker and the exchange, explained fully here.
But for now I’ll give you a quick overview as to how you can win with this particular sports betting method.
To start take a peak at this image…
Notice how William Hill were offering 7/4 (2.75). Whereas the betting exchange price (for the same selection) was trading at 2.10 and below.
I think you’ll agree, that’s a pretty big difference.
In this instance all I had to do was back with a bookmaker and then lay with the exchange, picking up a healthy margin in the process! Much like the previous example, except you’re using the bookies mistake to create that profitable margin.
Of course, you’re not likely to get away with this forever. Bookmakers routinely close and restrict winning accounts that consistently take value, which is of course exactly what we’re doing. Because we want the value, rather than giving it to that greedy bookmaker.
To prolong your account’s life it’s worth seeing this article about IESnare, a sneaky program that bookmakers use and install on your machine in order to monitor your sports betting activity.
How Much Can You Make?
To consistently win a lot of money using this strategy, you need multiple bookmakers accounts. You’ll also need a sharp eye for price differences.
However, that’s not to say it cannot be done. As you’ve seen in the image, it certainly can. Once you know which areas to exploit and how, you can make considerably more.
Although I would say it’s quite reasonable to say how much you win sports betting in this manner is mainly down to the time invested and how big your float is. It’s not unreasonable to expect around about £1,000 per month (tax-free). And if you’re a die hard, it wouldn’t be unreasonable to make double or triple that figure.
Just as long as you have enough betting accounts.
Note: You may quite possibly experience delays in withdrawing money from bookmaker accounts when using this method. Understandably they don’t like it.
You can see here via this YouTube video when Stan James closed my account in one day (eight back bets). However, I had made a significant sum that day, £770. And so this leads us on to our last and final sports betting method…
Sports Betting (Value):
With straight betting there’s always one problem.
Are you taking value? Because to make money you need to. And if you are taking value, what is it in relation to?
Similarly to the previous point, it’s quite possible to make money through sports betting, allowing variance to do the hedging for you.
It makes sense, right?
Of course, value betting is not always as easy as it may first sound.
A lot of the time sports betting information is created and presented by sources such as the Racing Post, Racing UK, and At the Races. You should bear one thing in mind though; it’s purely done to drive affiliate revenue (from bookmakers).
If you are to win in sports betting, I would advise you begin by ignoring what those information sources tell you (most of it anyway). Sure, they present up-to-date live information. This is useful, but if you’re seriously looking for ways to win when sports betting – their tips and advice isn’t going to help.
Sorry, but it’s true.
You need to find your own sports betting approach. The most lucrative options are often the least discussed such as exchange trading mentioned earlier in this article. That’s not to say that you shouldn’t explore the other three sports betting methods scattered throughout. Bonus bagging and finding incorrect prices is certainly the quickest ways to generate a return. If you were to combine the two (methods one and three) you can allow yourself plenty of time to learn more whilst winning.
Overall, I’m aware that regular blog readers and sports traders will be fully aware of these methods. If you wasn’t, I hope this post will assist your winning. It’ll certainly give you the breathing space to fuel further learning…