There are plenty of opportunities available to make money online through Sports betting which is a huge market right now where newbies are also trying their luck. People love entertainment and they are always searching for easy ways to make money. Sports betting can be fun and profitable if you understand the betting strategy and few simple tricks mentioned below. You should understand the odds and know when to walk away from bad bets and when to place smart bets.

Matched Betting

Matched betting is a technique used to generate profit from free bets and promotions offered by online bookies. Since it is based on the mathematical equation and not pure luck, it is considered one of the risk-free ways to make money through online betting. It’s based on a simple strategy where you take advantage of the incentives or bonuses offered by bookmakers. A matched bet is where you place a stake without taking a risk. It usually involves two simple steps where you first Back at the bookmaker (by betting on a sports outcome) and simultaneously Lay a bet against a sports outcome with similar odds at any betting exchange like Betfair or Smarkets. By doing so, you will break-even without any loss or win as your two bets will get cancelled against one another.

Participate in Sports Betting Contests

If you don’t have money to start with sports betting, but you have enough knowledge to beat the bookmakers then you can participate in sports betting contests. Some people are not interested in risking their real money and hence they take part in such contests where betting is done with imaginary money or net units. All the popular sports betting forums and portals will conduct these betting contests. First, you should find such contests and compete with other people using the imaginary money. If you are successful in all your bets, then you will be awarded real money at the end of the contest. Such contests will be sponsored by online bookmakers and they will usually transfer money to your e-wallet after the contest if you are really good in your bets. You can watch the live streaming of your favourite sports events from your smartphone using the bet365 sport app and enjoy in-play betting.

Arbitrage Betting

This is another betting technique where you place multiple bets on a sports event using various betting companies and can make profits irrespective of the event’s outcome. Also called Surebets or Arbing, this technique takes advantage of the variations in odds offered by different online bookies to make money. This method is quite similar to matched betting, but it does not involve bonuses. Also, the profits margins are usually small similar to matched betting and even if you get 1% ROI for arb betting, it’s considered a good margin. If you use the proper Arbing software, this technique is very straightforward and profitable in the long run. Though you don’t have any losing streaks to worry about in this method, many sports betting companies will use risk management tools to flag such Arbing accounts and start restricting your stakes.

Tipster Betting

This is another sports betting technique in which you follow a tipster’s advice instead of making decisions yourself. People who don’t have the skills or time to find an edge over online bookmakers can follow a tipster service to obtain betting suggestions. There are many free as well as paid tipster services available in social media and the internet for you to choose from. The paid tipsters charge anywhere from hundreds to thousands of euros per month and you should do some thorough research to find a genuine Tipster service which can guarantee long term profits. Some tipsters will have an excellent track record of winning bets against multiple bookmakers and they will be able to provide independently verified results depending on a level staking plan. You should do a proper research and find such genuine tipsters who have a track record of more than a year rather than looking for short term success.

Betting Affiliate Services

Another easy way to make money through sports betting is through affiliate services. If you have a website, then you can post advertisements and recommend your visitors to sign-up with online bookmakers from your outbound links for which they will pay you a commission. This is used by many tipster services and review sites who recommend online bookies to their users and get commissions in return for every successful sign-up. If you are a tipster with a huge fan following on your social media page and you have good online marketing skills, then you can make decent profits through your affiliate service.

You can also become a sports trader by joining a betting exchange where you can back and lay bets directly with other members. There are various ways to make money with sports betting and if you have the right skills and knowledge, you can make consistent profits.