If you’re looking to earn money from sports betting online, the explosion in online bookmakers available in the UK, and also the popularity of betting exchanges, in particular Betfair, has meant that there has never been a better period to make regular, sustainable profits. If you are well prepared and disciplined, the next tips might help you make your sports betting pay:

1. Always obtain the most effective value

In exactly the same way while you would look for the very best deal when buying goods, make certain you always look for the top available odds on any event you are betting on. Even a small overall percentage rise in the normal odds you are able to bet at may be sufficient to make the main difference between long term losses or profits. Wherever possible, always make use of the “best odds guaranteed” offers which are now commonplace on horse racing betting at many UK online sports books. To put it simply, should the odds on the horse you have chosen increase before the race is run, the bookmaker shall pay out any winning bets at the higher price.

2. Less might be more

One of the most usual mistakes which will cause you to lose money when you are betting on sport, is placing too many bets. The serious sports gambler understands that there are various bets that are more favourable to the bookmaker, and avoids these, betting only once they feel the opportunity represents value. A classic example will be the “each way steal”, a bet that puts the odds firmly within your favour, only occurs very oftentimes, and is a bet that the bookmakers despise. There are plenty of successful gamblers who base their betting portfolio around this one method that will statistically always produce a profit over the long-term.

3. Take a long term View

In the same way that a days fluctuation in currency markets prices is irrelevant in determining the overall profitability of a financial investment, a losing bet, day or week should always be kept in perspective. Should you have done your homework, can prove the long-term profitability of a system, and excellent soccer stick to the guidelines, any losses should be viewed simply being an essential expense incurred in producing the eventual profits. This really is especially crucial that you avoid the mistake of chasing losses through the inevitable losing runs that occur in even the most successful systems.

The successful professional gambler will approach their betting as a business, keep meticulous records and always take a long-term view of the accumulation of profits. The key will be in identifying the methods that will provide the profits, being disciplined in your approach, always obtaining the most effective value and sticking to the rules that will be statistically proven to produce betting profits.