Are you already a sports bettor or are you interested in becoming one soon? You can make money with sports betting. Depending on your goals, you can use it to make money to make ends meet, to realize your projects or, for the fittest and most experienced, to earn a living! Be careful, it is still a game of money with the associated risks. Discover our tips for making money with sports betting. Do not hesitate to download the betM – Gestion Paris Sportifs application to manage your sports betting on iOS and Android. Master your bets at a glance and become an expert in managing your sports betting.
1. Define the capital to bet
Knowing how much you can spend on this hobby per month is important to avoid getting overwhelmed by the game. Be careful and set your limits based on your financial reality.
Consider your experience and level of support (advice from professional bettors, tipsters, experienced friends, etc.) to determine the size of your bankroll. Never bet your entire bankroll or more than 20% on one bet at a time! See the article: Manage your sports betting bankroll
2. Build a Sports Betting Bankroll
Your sports betting balance is the amount of money you have available for betting. It is your betting base and you should base your bets on your bankroll. It is definitely the key to winning in the long run. It is best to have some capital on hand and not make too many deposits/withdrawals or you will lose track! Because with bookmakers there is no summary of your balance! Unless you use betM – Gestion Paris Sportifs!
3. Take advantage of welcome offers on sports betting sites
This is a good way to start betting while minimizing risks. A cash refund or a free bet gives you the security of your first bet. Depending on the bookmaker and the refund offer, cash or not, you need to adjust the risk level of your first bet. With bookmakers like Winamax, Parions Sport or PMU, the refund is often made in cash. This means that if you lose your bet, you can withdraw it to your bank account after your account has finally been validated (average delay of 2 weeks). So no risk! This is a parameter to consider before choosing your bet to use your bookmaker bonus!
4. Analyze game statistics
Analyze your games regardless of the sport. It is important to check sports media sources and draw inspiration from forecasters to stay abreast of current betting. This allows us to confirm our original decisions or be challenged. See article: 5 tips for analyzing a soccer game
5. Manage your sports betting
Most bettors do not calculate their betting odds based on their equity. On average, they bet between 5% and 30% of their bankroll per bet. However, it is risky not to calculate your stake reliably if you want to make money in the long run. This is the interest of betting management. There are different techniques depending on how you bet. With the “flat bet” you always bet the same amount, with development bets this corresponds to a stake of a percentage of the current balance depending on the reliability of the bets. See the article: Manage your bankroll for sports betting
6. Manage your bankroll to win at sports betting
If you want to win money with sports betting, managing your bankroll is essential. In fact, good management of your capital allows you to earn money even with a low percentage of success or a series of consecutive losses. It is closely related to betting management.
7. Winning at sports betting by defining a long-term strategy
In sports betting, you bet by choosing the level of risk you are willing to take, but remember that there is always an element of luck in sports. You must consider and accept that you will lose.
There are different betting profiles with different strategies. Fun-based by trying big combinations at high odds, based on poker moves and surprises (Lyon beats Manchester City in the Champions League group stage @16) or cautiously based by being more confident in your decisions and playing at lower overall odds 2 .
If you want to win in the long term, it is important to have a predominantly conservative profile and use a small part of the capital for occasional fun. So you want to win in the long term and are patient? Favor “double chance” bets for greater profitability in the medium and long term! In any case, bet management is essential.
8. Optimize your bankroll management
Management is an essential step to winning in the world of sports betting. Fortunately, we have invented the tool that bettors prefer.
Management: Key indicators and automatic categorization to track your sports betting performance.
● Analysis: Detailed statistics and interactive charts for a targeted analysis of your strengths and weaknesses.
● Strategy: Customized activity reporting to better understand your business and refine your decision making.
Register for free on our betM – Gestion Paris Sportifs application, essential for optimizing your bankroll management and becoming an expert in sports betting management! Available for iOS and Android.
9. Learn from your mistakes
We all make mistakes, no matter what our level in sports betting. Very regularly we see bettors fall into traps that can sometimes have disastrous consequences. We give you our advice and the 5 biggest mistakes to avoid to win at sports betting.
10. Use betM to know your performance in sports betting
betM gives you access to a complete solution to manage your sports betting by providing you with unparalleled statistics to be an expert in managing your sports betting. Master your bets and your key indicators to know where you win the most and to identify your weak points. In addition, you can classify your bets by sport, stakes, wins and customizable tags, which is very useful to have a global view of your performance.