Gambling can be fun, but do you think you can go next level and become professional gambler who makes his profits from gambling? Yes – it is absolutely possible for gambling to become your main income and in this article we are going to outline some of the most important factors that you need to have in mind if you want to go pro.
Arbitrage Betting
Arbitrage betting is a strategy, where bettor takes advantage of odds, and by placing bets on all outcomes available, he will win no matter how the game ends.
Every bookmaker has their own odds. By finding differences, in the odds, you can profit from movement of the odds, by using certain software for arbitrage betting. A popular out ream recommends is Rebel Betting
Let’s make an example of how arbitrage betting works. Chelsea faces Manchester City. There are 3 outcomes, Chelsea to win, the game to end in a draw and Manchester City to win. You have 3 bookmakers where you find best odds possible and change arise.
Let’s consider you find odds like these:
- Chelsea to win: 2.00
- Draw: 4.2
- Manchester City to win: 4.70
Let’s do the math. If you place €100 on Chelsea to win and and place €47.62 on a draw than €42.55 on Manchester City to win, this guarantees you a profit of €9.83 or 5.17% return, no matter the outcome of the game. However keep in mind that this is just an example and not something that might pop off on every occasion . You need to take into consideration, what bookmakers you have available, how much money you can stake when you find the opportunity and most importantly timing when you find the best odds available as odds will eventually change. We will talk about arbitrage betting services later, this is just an example of how arbitrage betting works.
Value Betting
Value betting is quite similar to arbitrage betting, but you don’t need to bet on several outcomes. You only bet the odds that have value. Simply put this is when the odds you are seeing from the bookmaker are much higher than they should be. By placing bets on such events you will be always profitable in the long run
Examples when value bet can happen are:
- Bookmaker’s Mistake – this can happen when a bookmaker forgets to change a line on certain market
- Market movement
Bonus Hunting
Bonus hunting is a method where bettor earn money by claiming bonuses at bookmakers. By constantly doing this and using matched betting you eventually turn the bonuses in real money
So when you combine arbitrage betting with bonuses you can easily convert the bonus balance to real balance and you can withdraw the winnings. Bonus hunting can be lucrative, but it requires careful planning and understanding of terms and conditions. Bookmakers may also have policies to detect and prevent bonus abuse, such as limiting bonus eligibility or closing accounts of bonus hunters. You always have to read the terms and conditions in order to maximize your winnings.
What Are The Cons When Using Arbitrage And Value Betting?
In theory it sounds easy, you can do this every day, find the best markets possible, use promotions to maximize your profits.. Sound good isn’t it? When you start doing this and see profits you will be happy, however when you see some good profits in the beginning you will find the ugly truth as we call it 🙂
Bookmakers do not like professional bettors and winners. If you continually win and find the best odds at certain bookmaker you will have your account limited and restricted of promotions. This is a business after all and if the bookie flags you as a winning player sooner or later your account will have no use and you will me limited to pennies. So what you need to is having more accounts at new bookmakers as possible. Every new bookie is welcome, where you can practice the same strategy and maximize your winnings.
Have Accounts at More Bookmakers As Possible
When you have successfully mastered the art of winnings in bookmakers, the key factor is new sites. New promotions, new limits, new place to explore and win some money. Always keep an eye on the newest bookmakers to play, check their reputation and if the bookie is reliable you have another option to practice the methods we explained. Take a look at our current favorites and check our review section for more available options
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