When it comes to betting on sport, it might be a hobby that you enjoy doing at Euro casino and thus, you are just considering it as friendly and fun for pastime. But did you know that you can still make some money on sports betting? All you need to understand the strategy in betting and the various types of bets which you can be able to make understand the odds, make smart bets, and walk away from bets which are bad. 

It will also be very important if you remember that, to make money on sports betting is something which needs dedication and time. It is not about one single bet which is huge and ending up winning a lump sum of money in a go. It is all about some small series of bets which are smart which add up over the season to give you a great gain on the overall.

  • Open a bank account:For you to be able to make money on sports betting, you need to be dedicated, and thus, it is a good idea for you to have an account which is special that you use for placing bets. 
  • When you open this particular account, you have to invest in it enough money which will be able to cover your bankroll for the whole season or year and not just one single bet
  • For you to be able to know that you have enough money,  you will need to multiply the base with 100 and that should be the minimum amount which you will need to keep in your account at any given time. 
  • If you happen to be new in sport betting and you don’t know what base bet means, then you will have to place in whatever money that you think will be enough for the venture and then determine your base bet on what your bankroll will be. 
  • The account should have a few sportsbooks: In order to place bets, you will need to have an account which have at least a sportsbook though 3 will be ideal because that is the way you will be able to compare offerings and decide where to place a smart bet. There are some sportsbooks which come with sign up bonuses and thus, you will have to shop around before you settle for the best offer. 

  • Learn to make bets which are smart: There are various rules which tend to apply to this and while some are all about numbers, others are all about which team you shouldn’t or should bet on. 

  • While each of the bet you place should be able to represent 1% or 2% of your bankroll, it is possible to reduce it to 0.5% if you think you are not confident enough to place the bet. You also have an option of increasing the percentage if you are very confident about the bet. But you should never place a bet which is more than 4% of your bankroll.

By Lucy

Lucy Thompson: Lucy, a sports betting enthusiast, provides tips, strategies, and analysis on sports betting markets across a variety of sports.