VA
  • TGT on YouTube
  • About TGT
  • The TGT Team
  • How TGT rates
  • Responsible Gambling Advice
  • Contact Our Team
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content

How to Make Money Sports Betting

Sign Up To PromoGuy & Discover The Most Successful Sports Bettors

When it comes to successful sports betting, it’s more about the skill involved than it is about the luck. Not sure what we mean? It might be time to get signed up to PromoGuy.

When we talk about skill, it all revolves around whether it’s worthwhile going for a wager or not. That sounds easier than it is and the PromoGuys are sharing their completely, 100% free picks to you right now when you sign up, so you can start getting those successful bets in. Get ready, the time to boost your bankroll is now.

Read More
mb-test-image
Subscribe to PromoGuy - 100% for free!
Get Started Today
or follow us on these channels:

So, what's PromoGuy all about?

Meet the PromoGuys!

Video: Meet the PromoGuys!

Meet the PromoGuys!

Subscribe to our picks
100% FOR FREE | Choose your preferred channel:
Get Started Today

Monthly Performance

December 2021 175 Picks 66 Wins 37.70 Win % 428.36 Monthly Net 17380.32 YTD Net
January 2022 195 Picks 83 Wins 42.56 Win % 2,716.10 Monthly Net 2716.10 YTD Net
February 2022 162 Picks 68 Wins 41.98 Win % 840.35 Monthly Net 3556.46 YTD Net
See full betting history in the tracker sheet

How to make money sports betting – betting types

Moneyline

A Moneyline bet is the most common bet type, and you’ll find it offered at every gambling operator. The reason why a money line is so simple is that it simply means that, if you bet on a team’s money line, you’re betting for that team to with the game.

Totals (Over/Under)

Totals are called over/under because it focuses on the points total. So, with over/under bets, bettors either bet for the points to go over a specific total or remain under a specific total. This bet type is just as simple and popular among bettors.

Point spread

Another popular type of bet is a point spread bet. When you’re betting on a spread, you are, instead of betting on the final result of the game, betting on a team’s margin of victory.

A favorite is indicated by a minus symbol, while a plus symbol indicates an underdog. For example, if a specific team is priced at -8.5, they must win by more than 8.5 points.

Parlays

A parlay bet is a combination of multiple bets, and is defined by its number of “legs.”. In the case of parlay bets, every “leg” or bet in the parlay needs to win for you to get any profit from that bet. For example, if you decide to bet on a four-leg parlay bet and only three of the bets are successful, your bet loses because of the other leg.

Bettors still like parlays because they don’t have to wager a large amount of cash but can get a high return as profits get multiplied after each win.

Teasers

A teaser bet is, to some extent, a lot like a parlay bet because it is also linked to multiple bets. However, what makes teasers different is that this bet is only for point spreads and does not have the large payout potential of a parlay.

Prop bets

A proposition or a prop bet is a bet that is not directly linked to the result or final score of a game. The most prevalent types of prop bets are game props and player props.

A player prop will be, for example, a bet on a player’s performance, such as how many passing yards the quarterback in the game will have.

A game prop is a bet on something to happen in a game, such as the first team to score 25 points or a game prop can also be which team will score first.

Promo

Can you make money betting on sports?

It is definitely possible to make a consistent profit from betting if you know how to approach betting. We’re here to find out if sports betting is profitable, so let’s look at it from a few angles.  For example, you need some insight on how to use methods that can provide a more concrete calculation to steer you in the right direction.

Most people see betting as a fun, recreational activity, which is fair, but this approach does not go hand-in-hand with earning a consistent profit from your betting activities. If you want to focus on making money, it’s not so much about supporting your team and going with the popular bet, but more about having a betting strategy that involves some solid math as a foundation to show you whether a bet is really worth it or not.

One of your best friends for profit-based betting is EV or expected value. If you’re able to calculate whether a bet has a positive or negative expected value, you can make an informed choice about whether the bet is worth pursuing in terms of profit. A positive EV indicates that the bet is worth pursuing while a negative EV, no matter how favorable the outcome may seem, are ones you should refrain from betting on.

EV is an empowering strategy that, with other tips and tricks can reveal some profitable football betting opportunities and also help you see consistent profits if you keep your mind open and away from emotional betting.

Important things to keep in mind

Of course, along with math-based strategies like EV, there are also other great tips you can benefit from when you’re doing your calculations. Consider the following practical guidelines:

Do your research

If you’re focused on a specific league, sport, or even match, there are many components you can look into that will help you solidify your betting strategy. For one, you can look at both teams’ past performances and the teams they played against.

If it’s an outdoor sport, looking at weather forecasts can also help you get some perspective. You can look at player injuries, as long as the elements you decide to base your analysis on are directly relevant to your betting strategy.

Bet with your head and not with your heart

As we’ve previously touched on, profit-based outcome betting is not good friends with emotional betting. Thus, there is a lot of things to keep in mind here.

  • First, don’t go for the favorite because everyone seems to be thinking it’s a good choice. Rather do your calculations and get a concrete perspective.
  • Don’t drink while you’re betting or planning a bet. This can cloud your judgment and cause you to make emotional decisions. Rather have a celebratory drink when you get some back from your bet.
  • Sometimes, no bet is the best bet. If you’re not satisfied with your options, don’t feel like you have to place a bet.

Effective bankroll management

One essential skill to help you make long-term profits is to learn how to budget and use your money when it comes to betting. For example, even if your calculations show a +EV, should you place that bet with money that you don’t have? Not a good idea.

Do your budgeting before you do anything else. Never use money that you don’t have in your bank account or money that you need to settle other financial issues that are more important. Only use money that you set aside specifically for betting after establishing that you have enough cash for everything else.

These types of responsible betting habits will bring you long-term success and the profits you’re looking for.

Get the best lines

A great gambling approach that many bettors overlook is to shop around at different sportsbooks. Instead, bettors tend to stick to one sportsbook they think offers the best lines, and while there are sportsbooks that are better than others overall, this doesn’t mean that their lines are always better than other bookies’.

You may have your favorite sportsbook that you’re loyal to, but take a look at other sportsbooks’ lines and choose the best lines. The best lines are most likely to bring you the best results, and, if you want to know how to win while sports betting, now you know what’s what a pro bettor is looking for.

Utilize live betting

Sportsbooks still use algorithms to calculate the spreads of live streams, which means that you actually have an advantage with live betting because the game’s flow is not as much considered in the sportsbook’s overall calculations.

Many bettors prefer pre-game bets, but once you get the hang of live betting, you can also make some real money if you take advantage of the nature of live betting.

Conclusion

When it comes to betting and making money from betting, there are two important things to know. The first one is that it is possible to make a consistent profit from betting. The second is that the strategies and techniques you’re using at the moment probably need to change as betting for profit has a much more analytical approach.

Now that you know how to make money sports betting, you can decide if it’s something you want to do. You’ll find lots more about betting techniques right here on TheGruelingTruth.com, so stay tuned!

Pick
1.877
Pick
Wins
898
Wins
ROI
21.5%
ROI

How to make money sports betting FAQ

❔How to make money sports betting in the US?

There are several valuable strategies and some great tips that can help you understand how it’s possible to make a profit from betting. We provide an in-depth discussion about these strategies and also about your betting mindset, so take a look at our betting guides if you want to know more about how to make money sports betting.

🔍What is Expected Value?

Expected value is a crucial tool you’d want to use if you’re aiming for a profit-based betting outcome. It is based on a mathematical structure and contributes to your understanding of whether a bet is worth making or not. You can read more about the function and value of EV right here at TheGruelingTruth.com.

🎲What are the different types of bets?

There are quite a few different betting types, and some of them are widely popular while others are more popular among experienced bettors. We provide a layout of all the most common betting types so you can tell them apart and understand how they work. Take a look!

Top Betting Sites
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM
BetMGM
BetMGM Review
94/100
DraftKings
DraftKings
DraftKings Review
92/100
FanDuel
FanDuel
FanDuel Review
90/100
Let us boost your bank roll!
Sign up for free! | We'll show you how it's done
Our Team
Mike GoodpasterAuthor IconJosh SchwartzSamuel TeetsMark Lewis
+6
Mike Goodpaster
Mike Goodpaster
Chief Editor
Author Icon
Christopher Carlson
Content Writer
Josh Schwartz
Josh Schwartz
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Mark Lewis
Mark Lewis
Editor
Simon Briffa
Simon Briffa
Sports Editor
Chris Benedict
Chris Benedict
Editor
Author Icon
Malik Zorrok
Author
John Raspanti
John Raspanti
Author
Brian Coburn
Brian Coburn
Author
Peter Bonahoom
Peter Bonahoom
Author
Find out what the legends have to say about sports this week....

If you enjoy hearing from the legends of pro sports, then be sure to tune into “The Grueling Truth” sports shows, “Where the legends speak”

Contact us: [email protected]

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccww
Move to Top
Close
Boost Your Bankroll
Get Started
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site