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How to Make Money Betting on Sports

make money betting on sports

Sports betting has been making a lot of headlines recently as an easing of restrictions and new laws have meant many more people are now legally allowed to give it a go. You may even be a big sports fan yourself but have never known where to start when it comes to online gambling.

Well, never fear. Read our online sports betting guide to find out what you need to do to get started and how to give yourself a good chance of making some money. The truth is, there is no guarantee of winning, so having fun is the main priority. But there are a few things you need to remember when you sign up for a sportsbook like BetOnline. Take a look if you want to give betting a try.

Register for an Account

Let’s start with the basics, shall we? Before you can even start placing bets online you will need to sign up with a sportsbook. There are plenty to choose from and you can even register with more than one (more about that in a moment). But, as long as online betting is legal where you live, you just need to sign up to get started.

There are a number of factors to take into consideration when you are first joining up with an online sports betting site. But if you are a beginner you should know there is little difference between many of them. So, find one that suits your needs, register for an account and get ready to bet.

Take Advantage of Offers

This should really be part of the process when deciding which online sportsbook to go with. But, even if you have signed up already, do make sure that you are checking the promotions on a regular basis. Sportsbooks love offering bonuses and free bets to customers, so you should definitely take them up on the offers!

You will usually be able to claim a welcome bonus when you first register. It is usually a deposit match or some free bets, so it’s a good way to start. But there are always new promotions being launched too. Just make sure you take notice of the terms and conditions attached to any bonus.

Compare Odds

This next tip to help you with your betting may not seem that important if you are a complete newcomer. But you will soon realize that there are a lot of small things you can do to maximize the chances of winning more money. If you have signed up with a few different sportsbooks you will be able to compare the odds for your potential bets.

The prices may not seem to be that different between the sites, but it is the smallest odds changes that can increase – or decrease – your winning returns. Look for the odds that give you the biggest potential payouts and then bet with that sportsbook. You may find that certain sites offer better odds for particular sports.

Keep it Simple

You may well be overwhelmed with the betting options when you first get into gambling on sports events. But the best advice here is to keep things simple. Parlay bets, where you include a number of selections in a single bet, may promise the potential to win big, but they are notoriously difficult to get right.

Large odds also look very attractive when you work out what the winnings will be. But those prices are that size for a reason. Look instead to place simple bets when you are starting out – and ones that come with smaller odds. You should be thinking of overall profit, not individual big wins.

Have Fun!

For any betting beginner, this is the most important piece of advice. Don’t get carried away and think that you will be able to give up your day job – and be prepared to lose much more than you win. Sports betting should be a fun pastime, not a change of career.

You should always try to gamble responsibly and only bet an amount that you are prepared to lose. That way, any winnings can be seen as a bonus. You will also find that if you are enjoying your betting, there is no pressure to win, as you are not worrying about your losses.

Rosella Kemper
A self-confessed soccer mom, Rosella is a keen observer with an unmatched zest for life that she expresses through her writing. She loves writing and enjoys spending her free time journaling various events from the day.

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