Online sports betting, for no doubt, is the most rewarding activity for aspiring sports punters. In the current days, most of people gamble online on their favorite sports not just for having an enjoyable time, but earning a huge amount of money with their sports knowledge and gambling skills. Legalized Internet gambling has taken the world by a storm. Over the last few years, bettors are earning millions of dollars in sports betting.
Biggest Sports Betting Wins In The History!
Top Indian sports betting sites such as Bet365, Betway, LeoVegas Sport, etc are producing greatest sports betting wins of all the times. Sharpest bettors with good bankroll management and proven strategies are getting the unbelievable wins and making a new record. One of the tennis fans has won a huge amount beyond the grave. After securing the 7th position, the winner passed away without collecting his winnings. He donated all his belongings to an anti-poverty charity. A well-recognized worldwide punter gambled on his own horse, won the race and awarded with the amount of more than 300,000 British pounds. Like these bettors, numbers of gamblers are achieving the wins of more than millions of dollars in the sports betting industry.
Best Tips To Earn $100,000 Or More A Year
There is no magical formula to become multi-millionaire in a day or a week. But, you could attempt to generate $100,000 a year by betting on sports. It is not a joke, but you can make it real with proper bankroll management, calculations, and mindset.
1- Learn What Winning And Losing In Sports Betting Mean
In the ladder of successful sports betting, the first step is of understanding how often you have to win. Wagers break-even point with 10% vigorish is 52.4%. The profitable journey starts when you win something higher than 52.4%. Bookmakers, on the other hand, takes about 10% vigorish from losses. Hence, to break even you have to win 11 out of all 21 wagers. However, in reality, most of the bettors win between 53.5% and 55% of their bets. It is quite challenging to win at the rate of 60% of bets because bookmakers set lines for equal action on both directions to assure a profit with 10% juice.
Punters winning 50% of their wagers often lose money over the long term because they have to pay a 10% vigorish per every losing bet. That’s a reason why it is recommended to win around 55% of bets. But, make efforts to improve the winning percentage and try to win at the rate of at least 53% of wagers.
2- Define Your Goal
Once you understand what comprises winning and losing the wagers in sports gambling, the next step is to set your betting goals and break it into smaller goals. To earn the profit of $100,000 within a year, you have to grow your winnings significantly over the duration. You may win 3-4 figures dollars in the early stages and then grow over time to multiply your bankroll using received winnings. Defining a clear profit goal helps in getting an idea of bankroll and average wagers types you require for the achievement of a goal.
A goal of winning $100,000 a year can mean generating $274 per day, $1924 per week, or $8333 per month. But, make sure that you keep some patience and a consistent pace to remain strict to your goal. Don’t forget to track your progress most often to identify where you stand in achieving the goal of winning $100,000.
Choose only the interested sports ensuring you have a detailed and updated knowledge of all associated terminologies. For example, you select baseball games at 53.5% rate, basketball sport at a 53% rate, and football at 54% winning rate. All wagers are made at 10% juice (vigorish). Break your goal into the aim of achieving $10,000 per month. To accomplish this goal from basketball betting with a 53% winning rate, you need to bet $8,000 each game out of 100 games to wager.
3- A Large Bankroll
Bankroll management is one of the best tips for successful and profitable sports betting on the internet. To win the large amount of $100,000, you have to bet a big amount. Thus, find out how much you stand to win for your bet size and winning percentage. Get well-versed about terms – “Annual Percentage Rate” and “Return On Investment”. 10% is considered as the strong return of investment in the financial market. Determine the appropriate bankroll size based on your consistency at selecting winners, numbers of games you bet on, and the total amount you place a bet on each game.
4- How To Beat The Sportsbook?
You cannot beat the sportsbook in the long run and would not earn $100,000 a year if you cannot win a minimum of 53% of the time. Thus, it is essential to work harder by doing detailed research and gathering & analyzing updated statistics than a bookmaker. Create your personal system to figure out rewarding betting opportunities. Make sure whether you have set your mind and are interested to do everything it takes to find a better edge with profitable betting.
5- Unique Approach
Spread your risk over multiple games by making wagers on different types of games. It helps in getting regular money betting on all selected sports and diversifying your bankroll. But, make sure that you bet only on those games that have the potential to give you the best edge.
6- Value Betting
It simply refers to finding the best value in lines regularly to determine which one give you higher deals. There are numbers of free apps available online such as Valuebet that helps to figure out the good lines and also alert punters to line movements at the various sportsbook. But, remember that these apps would not guarantee 100% accuracy. So, make the correct analysis by considering all vital factors such as Injury Reports, ATS (Against The Spread) Records, Player Matchups, Weather, ATS Records At Home and Away, Team & Player Stats, and Recent Trends For Both Teams.
7- High Betting Limits
Almost every sportsbook has certain betting limits with minimum and maximum amount punters are allowed to bet. Before placing a large amount of stake, it is highly recommended punters to determine the betting limits at a selected sportsbook. Limit your profit possibility with an inability to place the large bets you require. Thoroughly read the terms & conditions at a web-based bookmaker before you make the first deposit to claim the bonus. Keep in mind that betting and deposit limits are greatly influenced by increased bankroll.
Generally, large Asian bookmaker allows maximum deposit and withdrawal up to $100,000 and $1 million respectively. Big bookmakers allow deposit and withdrawal up to $10,000 and $100,000 respectively for a single transaction.
8- Secrets To Improve The Winning Percentage
Increase your winning percentage for earning more profits. To determine how much you can expect to improve, first find out your average bet size, winning rate, and losing bets. Then, multiply your losing bets with 1.1 to get total losses. Reduce the total losses from winning rate to get total wins. Now, multiply your total wins with average bet size to figure out overall profit.
For example, you have an average bet size of $500 and a winning rate of 57%. It means you’ll have 57 wins and 43 losses out of 100 bets.
Total losses = losing bets x 1.1,
43 x 1.1 = 47.3 total losses.
Now, find total wins using formula: total wins = wins – total losses,
57 – 47.3 = 9.7 total wins
Overall profit will be 9.7 x 500 = $4850
9- Matched Betting
This is a unique form of gambling that describes a strategy where a punter can receive free bets across various web-based bookmakers. By hedging wagers on 2 different sides of a line, gamblers can reduce the possibilities for risk and accumulate the free bets. Most reputable sportsbooks give free bets to their new users. For example, 888Sport offers a sports bonus of $30 in free bets on placing a bet of $10 with bonus code 30fb.
Betting on both opposing sides of a line not only provides free bet, but a good profit as well. Before depositing the amount, make sure that you properly and carefully read the associated terms and conditions as most of the bookmakers require certain wagering or playthrough requirement before withdrawing the winnings.
10- Frequent Underdogs Betting
Bet underdogs more often on the point spread to get more value. According to the study, bookmakers put point spreads somewhat against favorites.
Please note that making millions of dollars in online sports betting requires constant efforts over the long term. It is just like a kid who has to learn to crawl before he or she starts walking. So, dedicate enough time and efforts using these 10 tips to win $100,000 or more through online sports betting.
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