How To Make Money & Earn A Living From Sports Betting
Here’s a question that’s regularly asked: “can you make a living from sports betting?” The answer you’ll usually find to that question is a confident, flat-out “no”. It’s often followed …
Recommended
Essential Reading
Can Sports Tipsters Be Trusted? – Dangers In Following Tips
Professional Tipsters earn a living by recommending selections to their clients (sports bettors). Some punters are satisfied with the intel they receive, whilst others feel cheated. Relying on Tipster recommendations can be a naïve and …
How To Avoid Bad Tipsters & Other Sports Betting Scams
Finding profitable sports betting strategies isn’t as straightforward as it first seems. Simply choosing a product or tipster based on its impressive ROI, without delving any deeper, is a recipe …
Gambler’s Fallacy Explained | An Error You Need To Avoid
Gambler’s fallacy refers to the mistaken belief that a series of results will alter the chance of it happening over the future. It’s a common error made by casino and …
Recency Bias | How Sports Bettors Favour The Here & Now
Recency bias is when individuals value recent events over historical ones, believing they provide more insight into how things will play out in the future. This irrational tendency can have …
Favourite-Longshot Bias | Why Underdogs Are Overrated
The favourite-longshot bias refers to the tendency for longshots to be overrated, in terms of their chance of winning, compared to favourites. In other words, the odds for longshots are …
Survivorship Bias In Betting | Why Bad Tipsters Thrive
In general terms, survivorship bias means concentrating on successful entities (the “survivors”), thereby overlooking unsuccessful “non-survivors”. Sports bettors will often only consider ‘winning’ tipsters, without giving a second thought to …
Betting Strike Rate Explained | The Importance Of Win/Hit Rates
The Strike Rate is a term used to quantify, in terms of frequency, the amount a system, tipster or bettor wins. Here’s everything you need to know what the Strike …
Traits Of Professional Gamblers | Characteristics & Skills
What makes a professional gambler successful? What separates a pro gambler from the vast majority who lose? Of course, strategy and methodology plays a huge part. Intelligence and analytical skills …
10 Biggest Challenges For Betfair Traders | Problems To Overcome
Thinking of becoming a professional Betfair trader? There’s a lot of challenges that you’ll inevitably face along the way. It’s tough to consistently earn from Betfair, so it’s best to …
How Much Do Pro Gamblers Earn From Sports Betting?
It’s estimated that professional sports bettors typically earn upwards of $25,000 per year. But it’s incredibly hard to verify that figure, because most sources of data are non-existent, inaccurate, and …
Beating The Closing Line (CLV) | The Key To Profitable Sports Betting
Beating the Closing Line refers to obtaining better odds than the final pre-event odds. This is also known as ‘beating the Start Price’, or ‘beating the Closing Line Value’ (CLV) …
Avoid Bookmaker Account Restrictions & Closures
There are several reasons why Bookmakers restrict, limit or close betting accounts. Usually it’s because you’re betting smarter, or making more money, than they want you to be. If you’re …
The Paramount Importance Of Sample Size In Betting Analysis
Sample size, in a sports betting context, refers to the amount of data items you base your analyses around. Short-term results from a small (and insignificant) sample do not say …
How Efficient Are Sports Betting Markets? Can I Beat Them?
With any market, the more participants, the more efficient it becomes. The same applies to sports betting markets. In order to become a profitable bettor, it’s important to be aware …
How Do I Know If My Betting Results Were Luck Or Skill?
I recently contributed an answer to the Trademate Sports ‘Industry Experts’ blog series for the question: how can I determine whether my betting results were based on luck or skill? …
10 Things Every Sports Bettor Needs To Know About Odds
If you’re new to the world of sports betting then the first thing you need to get your head around are the odds — also referred to as the “prices”. …
How Do Bookmakers Earn? How Big Is Their Edge?
Bookmakers accept bets on all outcomes of an event in order to generate a profit regardless of which outcome prevails. If the odds offered by the Bookmaker are “fair” then …