Most people that want to make money with online betting do it because they HOPE to win more than they lose. However, this rarely happens. I don’t mean that they are not getting a win or two, but they are losing more money in the long run than they make. That’s the truth. That’s what the statistics say, even if you like it or not.
This article will show you five proven methods to make money with online betting without risk. These are foolproof methods that will generate profits without matter if you’re a lucky guy or gal or not. And the best thing is that they will work month after month, year after year if you’re doing it on legit betting websites and have strong money management skills.
1. Matched Betting
Matched betting is a betting technique where you can profit from bookmakers’ free bets and incentives. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount and 70%+ where the stake is not returned. Most free bets are ‘stake not returned.
Many online gambling websites offer promotions like free wagering to try to get you to sign up with them rather than their competitors. You cannot withdraw the free bet, but you can keep the winnings from it. If you are clever, you can hedge your bets, and whatever the outcome will take away most of the free bet.
If you do this through all of the different online bookmakers available today, you can make a good amount of money.
The first step is to sign up for one of the matched betting services like Oddsmonkey. Later on, I’m going to show you a list with more services so you can signup for the one that fits your needs best.
On OddsMonkey, It is free to sign up and work you through your first few matched betting offers. From there, it is £19.99 a month or $180 if you pay an annual subscription. After you get a premium subscription will get access to a constantly updating list of what free bets are currently available.
With OddsMonkey Premium you get all this and more:
- Over £700 profit in bookmaker sign up offers
- Over £300 expected value in casino sign up offers
- Ongoing profits in bookmaker and casino reload offers
- Access to the new Casino Hub
- Over 100+ tutorials
- Fantastic matched betting tools include the OddsMatcher, the Acca Finder, the Racing Matcher, the Daily Offer Calendar
- Access to our active online Community
- Full online customer support
OddsMonkey comes with a 30 days money-back guarantee. So If you decide matched betting is not for you, notify them, and they will refund your first payment, no questions asked.
Matched betting is probably the easiest way to become a professional gambler but does have an earnings cap. Once you have made £8,000-£15,000, you will need to move on to another way to make money gambling.
2. Betting Arbitrage
Arbitrage betting involves covering all results of a sporting event to make a profit regardless of its outcome. This is possible because bookmakers have different odds on the probability of an event. Using Betting exchange websites, we can bet against outcomes, as well as for them, making arbitrage easy for the masses.
Very simply, imagine there is a tennis match going on. If one bookmaker believes player A will win and the other bookmaker believes player B will win, they will price their odds differently. If the difference is big enough, you can bet at both bookmakers on opposite players, so whoever wins the match, you will make money.
- Player 1 Wins odds – 2.3
- Player 2 Wins Ods – 1.5
- Player 1 Wins odds – 1.7
- Player 2 Wins Ods – 2.6
Now you place a $100 bet on Player 1 at Bookmaker 1 and $100 bet on Player 2 on Bookmaker 2.Total of investment is $100 + $100 = $200. If player 1 wins the match, you will cash out from Bookmaker 1, $100 x 2.3 = $230. If player 2 wins, then you will cash out $260 from Bookmaker 2. We deduct the initial investment on both bookmakers of $200 and remain with a profit of $30 or $60, depending on who wins. You can play with the amount invested in equalizing the profits.
The easiest and most common way to do arbitrage betting is to bet on a bookmaker and then lay the same outcome on a betting exchange like Betfair or Smarkets.
One of the main issues people foresee with arbitrage betting is that it would be time-consuming to find the right opportunities every day. But here, OddsMoney can help us again.
Keep in mind that bookmakers don’t like it when you take advantage of them. The irony of this is quite astounding, considering their whole model is based on them taking advantage of you.
If you do betting arbitrage too often, your account will likely see promotional restrictions, stake restrictions, or account closures. You will be able to withdraw all your money, but they will not allow you to place future bets. So try to make it less suspicious.
3. Become a tipster
Betting tipsters are often world-leading experts in one particular team or sport. They know everything about it, more even than the oddsmakers at the bookies. They take all that information and make their odds. If their odds are drastically different from what the bookmakers come up with, they will bet the difference.
The betting tipster is probably the purest type of professional gambler. They are not using loopholes or bonuses. Instead, they make money gambling by beating the bookies at their own game.
Online bookmakers don’t really like tipsters because, well, they are making money. And when someone makes money, then the house loses. That’s why most professional gamblers will instead use marketplace-based sports betting exchanges such as Betfair. On betting exchange websites, you are betting against other players, and Betfair takes a commission of the winnings.
You can place bets with your funds and cash in the profits, or you can sell your tips on websites like Tipsterjob.com, Puntly.com, or Betting.com, and many other websites.
4. Become a sport trader
To put it simply, sports trading is just like stock trading. Instead of buying and selling shares of a company, or cryptocurrencies or commodities, we buy and sell bets on sporting events.
On betting exchange websites like Betfair, you can trade in and out of a single bet multiple times and lock in a profit before the event happens.
A stock trader’s primary goal is to buy low and sell high. The principles are the same in sports, but we lay low and back high. We are making a profit, regardless of the result.
Check this guide and the attached resources to learn how to start with sports trading and make your first profits.
5. Do Online Betting CPA marketing
Our latest method to make money with online betting without any risk involves affiliate marketing.
Suppose you are into digital marketing or at least have a blog or a Facebook group, one of the most lucrative ways to monetize your betting knowledge is through CPA marketing. When you become a highly skilled and experienced CPA marketer, you can make five figures and even six figures income from CPA networks every month.
The main idea behind CPA affiliate marketing is getting particular action from your betting-related traffic. As I’ve mentioned before, the online gambling industry is huge and very competitive. This means that bookmakers are spending a lot of money to acquire new customers.
For instance, check below some of the amounts you can be paid if you are bringing members to these online betting websites. You see, they are ranging from 28 euros per new signup up to $133. And this is only on one CPA marketing network. But there are dozens so that you can find even better ones.
All you have to do is to create a blog, a podcast, or even a telegram group where you review online betting sites, offer betting tips or show the latest promotions from online booking companies. Add affiliate links with the help of an affiliate marketing plugin, promote the website and start making money.
Check smartbettingguide.com to see how you should build your online betting blog and promote it through CPA marketing. They are doing an excellent job, keeping it updated with news and latest ods, recommending good online bookmakers, and monetize the website.
So CPA marketing is a very lucrative way to monetize your betting experience without risking too much money on it. You can accelerate your income by purchasing traffic and driving it to the offer pages, but this will be discussed in some other guide.
Here are several guides we’ve written over time to help you with affiliate marketing.
So you made it till the end. Now you know five proven methods to make money with online betting websites. And the best part is that these methods do not involve cheating, risking a lot of money, or basing your earnings on luck.
Before closing..a warning for you, discipline is mandatory if you want to make money months after months using these methods. If you go on a winning run, don’t start upping the stakes. Likewise, if you lose a few bets, don’t go chasing that money by placing silly wagers. Follow the proven system, and you will make money with online betting websites.
What about you? What have you learned new today and are going to put into action?
Do you have any advice for the community?
Let me know in the comments form below.