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Check out my detailed beginners guide to Matched Betting to learn more. I highly recommend OddsMonkey. If armed with the right tools, arbitrage betting is simple and highly profitable. You can learn more about the technique from my Arbitrage Betting Guide.
This means backing value odds at the Bookmaker and then Laying against it with an opposing exchange bet at lower odds in order to lock-in risk free profits. Arbing opportunities extend to many different sports and markets. I rate RebelBetting as the top service on the market. Profitable value bettors operate using bookmaker accounts and, in some cases, betting exchanges like Betfair. Whatever platform they use, pros treat their sports value bets as if they were investments in the financial markets.
The easiest way to find value is to subscribe to a Value Bet Finder. My favourite software is Trademate Sports. An alternative to subscribing to value bet feed is following a tipster service. I should firstly warn you that finding a legitimate tipster can be tough. Take the time to educate yourself on the risks involved in following tipsters by reading my post: Can Tipsters Be Trusted?
No more fake records, and false accounting. This puts a ceiling on profitability. Finding value using your own betting system or model is the way to go. Nobody is going to just hand you a winning formula. And if they did, then those opportunities would be competitive and very short-lived.
Professionals are highly secretive about their methods. Take a look at the following:. Remember that for any winning strategy, there needs to be consistent value in your bets. I recommend the Orio Sports course to those looking to learn the technical skills required to devise their own betting strategy.
While all of the same principles of value betting apply to sports trading, it involves an even greater element of skill and discipline. Becoming a successful sports trader is incredibly difficult. And this is partly because the markets are so quick to correct. The efficiency of the betting exchange is often debated. But I have absolutely no doubt in my standpoint.
This takes a highly methodical approach. Throughout this website I offer advice on many ways you can separate yourself from the average trader. As pessimistic as it sounds, your view is unlikely to outsmart the opinions of thousands of others combined on the betting exchange. There are however plenty of Tipsters that make a successful living by selling their selections to a gambling audience.
To prove your worth and demonstrate transparency to potential subscribers, I recommend signing up to Tipstrr where you can create a Tipster profile to publish your selections. The following posts are a good starting point. But does it all have to be so… mathsy? The selections were based solely on my opinion. At the end of my experiment, I broke even with a 0.
I accept that some people are wiser at betting than others. But to bet without mathematical justification goes against everything I believe in, and write about on this site. Successful sports betting is a long-term game, backed up by a large sample of data. Hitting hot streaks from a few winners over the weekend is fun, but ultimately proves nothing. They can deal with those pressures without it adversely affecting their emotions.
After two years of making money in the full-time betting environment, my temperament was then tested to the limits. I hit a very difficult time. I had a sequence where I only backed one winner in 23 bets. This bad run was closely followed by another one on a similar scale. The impact was that it made me question whether I really did know what I was doing. Had I been lucky in the previous years? Was I really skilful or had I been kidding myself? These are the thoughts that go through your mind.
At that time, it took a lot of courage and a lot of self-belief to continue. Being properly bankrolled is critical. The bankroll has to take the strain when the bad times come along or else the pressures that you will feel will be magnified ten times over. I have never put myself in a position where my livelihood would be adversely affected by any losses I incurred from betting.
When I say that, I mean affected in a way that my home life would become uncomfortable. Before online betting, it was much more difficult for them to keep tabs on successful bettors. Betting with racecourse bookmakers was very different from betting in betting shops. I very rarely had any bets refused or knocked back by the bookies. This allowed me to trade with almost all of the bookmakers in the betting ring. Never once did I have any disputes with them.
I had a respect for them as they were doing their job, and they seemed to have a respect for me as I was doing my job. I recall a funny incident from a race meeting at Market Rasen from around After the last race at Market Rasen had been run, I went to check the result from the other track there were no mobile phones in those days!
The horse was running in the very last race at the other meeting. I asked the bookmaker in the adjacent pitch where my bookmaker had gone. My wife at the time was livid. I got some serious grief over it! I eventually caught up with him at a meeting in Nottingham.
When he saw me, he had a big smile on his face, and gave me the money he owed me without me having to ask for it! There was also another occasion I remember well. This was at Pontefract races. When collecting a winning bet, I would go up to the bookmaker and tell them how much I wanted. In this particular race, the result was a dead-heat. I miscalculated the amount I was due to collect but the bookie gave me what I asked for without question.
I caught up with that bookmaker three days later at Ripon races and gave him the money back. The fact that he might not have known was irrelevant. It was his money, not mine, and I had to give it back to him. I never viewed the on-course bookmakers as the enemy.
We were both in the same business of making money from the losing wagers of other bettors. I had a really good working relationship with the bookmakers during the 12 years I was betting full-time at the tracks. I switched from betting on horses in the late s to spending my time researching football betting.
Once a hobby becomes your full-time job, it takes on a completely different dimension. It most certainly does not. I have no doubt whatsoever that I have worked considerably harder over the last 30 years than I would have done had I been doing a proper job. The bookmakers are constantly striving to become better at what they do, and bettors have to do the same, or else you will get left behind.
If you get left behind your profitable edge will be lost. Ultimately, the main question any potential full-time bettor needs to ask themselves, even if you tick the other boxes, is whether you can afford to do it? How much do you presently earn? How much would you be able to earn in a full-time betting environment? What size of bankroll would you need to safely operate at those staking levels?
The simple answer is a very big one! As much as the attraction of being a full-time gambler may seem appealing, I would strongly recommend that most successful bettors will be much better off if they continue with the day job, supplementing their income through betting winnings.
When I decided to take the plunge all those years ago, I was in a fortunate position. My wife was earning a reasonable wage and we could manage on her income alone. That made the risks considerably lower than they would otherwise have been. It makes perfect sense to try to top up your income from betting but, in my view, making it your full-time job would almost certainly be the wrong option in the vast majority of cases.
In case you feel that Mike Lindley may be the right person to follow do not hesitate to go ahead and check his website www. His service is indeed among the best once in UK and it focuses not only on providing tips but educating and supplying you with the right information and tools to make informed betting decisions. Hopefully you enjoyed what you read, it takes quite some time to write such an article. There are all in total three people working on this reading piece.
We will appreciate if you share this reading material with your friends, certainly that will help many people to the much important reality check and decide whether full time betting carrier is for them. To read more articles like this and stay on the top of the betting industry feel invited to sign up with Betting.
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