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How do I make Money Betting on sports?

By: Margot Oliver

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Make Money on Betting
If you have never bet on sports before, it's never too late to get started. People bet on sports all over the world for many reasons. Some bet on sports just for fun, some bet on their favorite teams to add to their excitement, then there are others, who bet on sports solely for one simple reason: to make money.

Betting Tips
If you are a complete beginner to betting, take some time to learn about the specifics of betting. The two most popular ways to bet are on the money line and the point spread.
To put it simply: if you are betting on the money line, then you are betting for the team to outright win. If the team wins, then you win the bet. If the team loses, you also lose. The money line has different odd values for all the games. This means you'll win more money when betting on an underdog team to win, and less when betting on the favorite.

The other popular type of bet is the point spread. The point spread is a form of handicapping in which odds makers predict how many points a stronger team can be expected to defeat a weaker team. So if you bet on a team that has a +3 in the point spread, this means that even if this team loses the game by 2 points, you will still win the bet. Similarly, if the team you're betting on has a -4 point spread, then in order for you to win your bet, this team has to defeat the other team by more than 4 points in their game.
Here are some free tips I can give you when betting:

Tip #1 - Money Management
Money management is a very important aspect of betting. You must keep in mind that you should never bet more than you can afford to lose. Once you lose money, it's easy to fall into the trap of chasing your losses, which can severely affect your betting performance negatively in a short period.

Never bet your entire bankroll in any one bet. To be successful as a sport bettor, you should spread out your bets and work your way through a multitude of games, rather than pressing your luck on just one specific bet that can wipe out your bankroll. If you have $5000 in your account, betting $700 each on 7 games is a much better idea than betting $5000 on any one game. Know how to manage your money and you will thank yourself later on.

Tip #2 - Never Gamble While Under the Influence

In the Las Vegas casinos, you'll receive an endless supply of free drinks while you gamble. Why would the casinos squander away free drinks for you at their expense? That's because the casino knows that alcohol will cloud your judgment, and often pushes you to make impulsive decisions that you normally wouldn't think about. To be successful at sport betting, you need to function with a sober mind. It's a good idea to stay away from betting when you've had too much to drink.

Tip #3 - When in Doubt, Play the Home Dogs

Betting on the underdog playing at home has consistently proved to be a quite successful basic betting strategy. When a team is playing at home, they are pushed by the crowd to perform much better than their normal capabilities. You'll find that more often than not, underdogs will find a way to cover the spread and win you the bet.

Tip #4 - Time Your Bets
The point spread does change throughout the course of the day/week. If you are going to bet on an underdog, the best time to bet would be as late as possible. If you are going to bet on the favorite, the best time to place your bet would be as early as you can. Of course, this strategy doesn't work 100% of the time, however it's a good rule of thumb that you can apply toward most instances.

NFL Betting System
Here's an NFL Football betting system that I've developed and tested over the last 10 years for consistency. You can expect to win at least 60% of the time using my betting method:

1. Take a look at the NFL schedule for the week and see who the underdogs are playing at home.

2. For the underdog team playing at home, take note of the team they are playing against. What you want to do now is compare the stadium surface of the team playing at home against the stadium surface that the away team is used to be playing on.

3. If the underdog team playing at home is playing on a different type of surface than the away team's home stadium, then bet for the home underdog team in the line spread to win.

Basically, the betting strategy here is to bet on the underdog team playing at home versus a team that is not used to be playing on that stadium's surface type. Always bet on the point spread, not the money line.

For example, if the Cleveland Browns are playing at home versus the New England Patriots, and the Browns is the underdog in the game, then you will place a straight wager bet on the Cleveland Browns in this game because the Browns's stadium has a grass surface, while the Patriots' home stadium has a turf surface. The Patriots are more used to the turf surface that they play on at home, therefore their chances of winning notably lessens when they are playing on a stadium that has a grass surface.

Check out the NFL betting system is a very basic system that I've developed to consistently win on football betting over the long run. If you follow the betting guidelines above, you can expect to win more than 60% of the time you place your NFL bets!

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