How to Make Money Gambling on Football

Article: How to Make Money Gambling on Football

My Football Facts ⇒ Articles

By Jonathan Lewis | 28th SEP 2021

Football ranks as one of the most-watched sports in the world. This sport is an all-time favorite for betting since it is simple by nature, and there is always a match going on somewhere in the world.

A Simple Guide to Making Money From Football Betting

If you enjoy watching football, why not make some income by betting on this sport? This guide will offer you five simple strategies to increase your chances of success in football betting.

1. Learn the Concept of Value Betting

Value betting is a situation where the odds offered by a bookmaker are higher than they should be. For example, say you are betting on a match between Arsenal and Manchester City. Assume that the odds for Arsenal are 2.2, while those for Manchester City are 3.0. Moments before the game begins, you learn that two crucial Manchester City players will not be in the match. This information will improve the chances of Arsenal getting a win. Hence, the odds of Arsenal should reduce to, say, 1.7. You can bet on Arsenal to win before your bookmaker updates the odds. To detect value bets, pay attention to all news about the match and check the odds offered by different bookmakers.

2. Keep Records of Your Betting

If you want to make money in betting over the long term, you need to keep track of your past bets. Tracking your progress will enable you to analyze how much you are winning or losing. It will also allow you to find strengths and weaknesses in your betting strategy. For example, say your strategy is to place two Asian handicap bets, one first-goal scorer, and four full-time wins. Keeping records will enable you to assess which bets you are good at and which ones you can improve.

Tracking your betting activity can also help you properly report your gambling winnings tax as you file returns. Records are particularly crucial if your bookmaker is registered in a country that taxes gambling income.

3. Work With a Budget

Successful football gamblers understand that discipline with money is necessary if you want to win in football betting. Before placing your wagers, set a budget for how much you are willing to spend, then stick to it. Working with a budget is a great way to manage your gambling finances while ensuring you don’t spend more than you can afford. Your first task should be to separate your personal account from your gambling account. Deposit money on a weekly or monthly basis to your gambling account, then use it for betting. Try to avoid the temptation of dipping into your personal account if your gambling account gets depleted.

4.Do Your Research Beforehand

The key to success in football gambling is to conduct research beforehand at all times. Study the form and lineup of the players that will be in the match. Analyze the previous performance of the teams, both when playing together and with other clubs. Gauge how important the game is for both teams. This data will help you predict the best outcome of the match.

5. Learn the Different Types of Football Bets

There are more than ten types of football bets out there. The ones that most people prefer are win bets, under/over bets, and Asian handicaps. It’s always advisable to go for the ones you are familiar with but try to learn the different types available to increase your betting options.

Closing Remarks

To make money in football betting, always conduct your research before you wager and learn how to value bet. Try to grasp the different types of football bets available. Lastly, don’t forget to set a budget and always keep a record of your betting activity.

Jonathan Lewis is an MFF sports writer

How to Make Money Gambling on Football

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