Online Gambling: Making money from sports betting

Tennis Ball on a laptop

For most people, sports betting is pure luck. This is similar to playing the lottery or playing on casinos online like play88 casino. You bet on a team or a person and you hope that they will win. While others look at it as a game based on just luck, betting on sports actually involves some set skills that just a few people. But the question is can one really rely on pure sports betting and live month after month just by making money from sports betting?

What are sports betting?

Meanwhile, sports betting has become much more complex and complicated than it might have been a few years ago. It is no longer just a matter of betting on victory or defeat. There are still so-called winning bets, but other types have been added, such as over- and under-bets. Basically, you can bet on any major sporting event. The most popular sports here are football, tennis or boxing. But also football, baseball or basketball are becoming more and more popular here.

What types of sports betting are there?

The “classic” sports bet is probably a household name for most people. In the Bundesliga, Team A competes against Team B. The tips can be set for a home win, draw, or away win. In addition to this type of bet, there are other betting options that are also very popular: the base bets and the special bets.

THE BASIC BETS

Base bets are usually the most commonly played and are divided into three types:

Single bets: The single bet is the simplest form of sports bet. It bets on the arrival of a single result, such as the outcome of a football match.
Combined bets: In a combination bet, several different games or betting results are combined into one bet. The chances of a return are much higher, but the risk is also greater, as all games in the typing series have to be typed correctly.
System bets: System bets are an extension of combined bets. In this form of betting, in contrast to the combined bet, one or two tips may be wrong. Despite a few mistakes, profits can still be made.

THE SPECIAL BETS

In addition to the basic bets, special bets offer other ways to use sports make money can. There are a lot of different bets here, depending on the sport. Here are some of the most common bets:

Live Bets: For live bets, you have the option to bet live on the result or interim results while the game is still running.
Handicap bets: As with normal bets, the handicap bet bets on the outcome of a game. The difference is that in this type of bet, a team or player gets a virtual lead. This is added to the regular result at the end.
Long-term bets: Long-term bets are bets that are designed for a longer period of time. So this is a tip that will only be determined in several weeks or months, such as the cup victory.
Under Betting: This bet comes from the field of football betting. Here you can bet on how many goals fall in a game. The bookmaker sets a value and the betting candidate bets on whether more or less goals will fall.

Can you live on sports betting?

In fact, there are some people who have made sports betting their profession and can thus make a living from it. These are people who have turned their passion and hobby into a profession and are intensively involved in this topic. But if you look at how many millions of people are really on the road in sports betting, you can count the circle of those who can live from it in one hand. At the end of the day, sports betting also remains gambling, where things can go really well, but there are also times when you can lose a lot of money.