What are the best ways of making money with football betting?
Football has become one of the most popular sports on which to wager. Records reveal that over £/€/$500 million is spent on football betting throughout the world every year. However, it’s challenging to secure wins due to factors such as player performance and team errors.
This article looks at the best ways to make money with football betting. It includes wagering strategies as well as tactics that you can use for specific football markets. Additionally, we’ll investigate the different types of stake betting in this world-renowned sport.
Strategies for making money with football betting
While there are punters who win simply by placing bets on any football markets, veteran gamblers rely on trusted strategies. It provides a reliable method of making money with football betting while reducing the risks. We’re going to discuss some of these strategies below.
⟶ Predictions models
Statistical information is arguably the best system available for football betting. While many gamblers collect stats and develop models, there are those bookmakers and betting corporations that offer prediction models. These systems make it easier for registered members to decide how to place their bets.
Of course, you need to find a trustworthy prediction model. It requires trial and error while comparing your data to ensure that you’re getting the most from the strategy. As well as helping to predict match outcomes, it can also assist in finding value bets where bookies odds are slightly off.
⟶ Football betting tips
If you’re not in the mood to do all of the work, or if you don’t have the energy, then you can turn to football betting tips. Some blogs and bookmakers provide these tips, hinting at gambling opportunities for making money in upcoming matches. There’s no shame in relying on this information for football betting.
You must find accurate football tips. Some gambling sources base their predictions on what they ‘feel’ will occur. While they hinge the information on experience, it’s better to locate tips established by statistics and mathematical calculations.
⟶ Tracking records
Have you ever made a record of your football betting? It may sound absurd, but keeping track of your wagers will assist you in the long run. You can effortlessly spot trends where you’re making money on the same types of bets, as well as identify the markets in which you often lose.
Most bookmakers provide a betting history in your account profile. In effect, this online records system does all of the hard work for you.
Nonetheless, you should arrange the data in such a way that you can easily recognise winning patterns in your punts.
⟶ Odds comparisons
Many gamblers make the mistake of sticking to one bookmaker with which they’re satisfied. There’s nothing wrong with loyalty. However, you may be missing out on better odds with a different bookie, which means missing out on increased profits.
We recommend shopping around and comparing your sportsbook’s odds with a few others online. As with predictions models and football tips, you can also source gambling associations that calculate these comparisons for you. You must ensure that the odds comparison tools are accurate, though.
If your bookie provides loyalty points or bonuses for betting with them, then we understand entirely why you would stick with them. Yet, the free bets or rewards need to cover the profits that you could have made with better odds somewhere else. All we’re saying is that you should do your homework.
⟶ Trends and patterns
Prediction models are notorious for recognising trends within a football season or league matches. While the model systems rely on statistics, identifying patterns relies on conducting proper research. You may be able to predict the outcome of a game by recognising when a team is starting to underperform.
You can generally identify it when teams have heavy schedules. Moreover, specific teams tend to perform worse at single matches that don’t form part of league competitions. If you have a knack for recognising the conditions under which players excel or flounder, then you’ll be making money more often than not.
⟶ Kicking against the wind
One football betting strategy that may alarm you is wagering against public opinion. While there’s a high degree of risk involved, you’ll undoubtedly receive more profit off higher odds if you win. Yet, you’ll need the utmost confidence that you’ve identified the perfect opportunity.
Bidding against the grain includes wagering on teams that are losing with some indication that the game might change. You can bet on the underdog to strike back, or that the losing home team might draw the game with a final goal. Whichever way you decide to play it, remember that you need absolute certainty that the results will turn in your favour.
⟶ Determine your niche
You can identify in which football leagues you’re better at making money with the help of your bet tracker. If you find that you’re better at winning in a specific football league, then make that your niche. You have a passion for particular teams or competitions and should take financial advantage of it.
⟶ Consistent strategies
We recommend sticking to one or two strategies that work for you, rather than being all over the place with hundreds of methods. No one’s ever become bored with winning the same way over and over. Even if your plan loses a few times, adjust it slightly until you’re back to making money again.
Useful football betting tactics
The previous section dealt with methods and strategies for making money at football betting. In this section, we want to run through popular wagering tactics for different football markets quickly. These tactics are used by experts all over the world to increase their chances of profits.
Back and lay wagering
Arbitrage and matched betting rely on the back and lay wagering system. The process generally works by you placing a back bet at your bookie and then laying a bet at a betting exchange. The back wager is for a market to win, while the lay wager bids for the opposite result.
Arb betting uses real money for the lay bet, and matched betting uses free bets or bonuses. Gamblers use this method to ensure a profit no matter what the outcome is.
Football betting is the perfect platform for making money on halftime/fulltime markets. It allows you to place a single wager on two separate outcomes. While you’ll have to win both score predictions to make a profit, the increased odds ensure more substantial gains.
Similarly, accumulator bets allow you to place several wagers into one single punt. Your odds will multiply, but there are higher risks. Losing one of the wagers in the multi-bet could result in the loss of your entire stake. However, some bookies have promotions in place that refund your stake if you only lose one wager in the accumulator.
As the name implies, you can bet on two different outcomes of a football match. The 1X2 betting system is perfect for this tactic, as it provides three possible results. You can increase your chances of winning while covering any losses by combining two wagers over the winning team, losing team or a draw.
This tactic requires in-play betting during the last 15 minutes of a game. There are higher odds with greater potential profits during the final phase of a match. You can wager either for or against a team scoring another goal in that time.
Rivalry betting tactics provide the ultimate thrilling experience in entertainment. There are some legendary matches between football teams that have the highest betting rates. If you’ve discovered a trend of one side beating another, you can use this edge when placing your punts. However, watch out for the underdog if the opposing team shows improvement over the course of the season.
Some bookmakers offer handicaps for certain football games. This provides an advantage for one team over another before a match begins. For instance, the score where an away team has a handicap of two will be ‘0:2’ at the start of the game. Should the home team score two goals, the score will be ‘2:2’ instead of ‘2:0’.
There are only a few bookmakers that offer the Lucky 15 football betting system. Unlike accumulators, where one loss results in losing your entire stake, the bookie pays you out based on the number of wagers that won. However, you’ll need to create 15 bets with one stake over four football games that consist of the following:
- Four single bets
- Six double bets
- Four treble bets
- One quadruple bet
System bets are similar to accumulators, except that losing one wager in the system doesn’t mean that you’ll lose your entire stake. You can wager on two out of three, four out of five, and so forth. The system offers bigger chances of making money with less risk.
Once you’ve selected the teams that you want to wager on, the system will choose matches where they face each other in league competitions. The best tactic is creating a ‘bank’ with a sure bet that will cover the potential losses in the other bets.
Scorecasts and Wincast
Both the Scorecast and Wincast systems are double bet systems. Like the halftime/fulltime betting tactic, you’ll wager on two different outcomes. However, you’ll need both results to win, or you’ll lose your entire stake.
With the Wincast tactic, you’ll bet on a specific player scoring goals and your team winning. Similarly, the Scorecast system requires that you wager on a player scoring and an accurate final result, such as ‘2:1’.
Football staking systems
Types of staking systems
Football strategies and tactics are only two types of ways of making money. Using staking systems is a third. These systems revolve around determining what type of stake you’ll make over a series of games. While there are numerous staking methods used all over the world, the list below provides the most popular ones.
- All in: when you place all you have left in your bankroll on a bet.
- Fibonacci: increasing your stake exponentially until you win, with your new bet amount being the sum of the previous two wagers (£/€/$10, £/€/$20, £/€/$40, £/€/$60).
- Martingale: increasing your stake exponentially by doubling your previous wager (£/€/$20, £/€/$40, £/€/$80, £/€/$160).
- Fixed: always betting the same stake regardless of the outcome (£/€/$20, £/€/$20, £/€/$20).
- Adjusted fixed: always betting the same percentage of your bankroll (4%, 4%, 4%)
- Kelly staking: consists of a formula which calculates the optimum stake over a series of wagers.
- Labouchere: a progressive staking system towards a primary profit goal.
While football betting strategies determine the ‘how’ and ‘when’ of gambling, staking systems identify the ‘how much’. Going all in is irresponsible and, therefore, not recommended. Moreover, progressive staking systems may make you bankrupt given enough time.
Both the Fibonacci and Martingale systems rely on you increasing your stake with every loss. This factor implies that you expect to win at some point. Fixed betting also means that you’ll keep betting the same amount, no matter how much funds you have left. Your bankroll may run empty before you ever realise that win.
For this reason, we recommend the adjusted fixed method. It takes into consideration the amount left in your bankroll, and you’ll only stake a percentage of what you have left. If you lose, then your next stake will be lower and vice versa.
The Kelly staking system is similar to the adjusted fixed method. However, it’s an improved system that takes both your bankroll size and the best odds over a series of bets into consideration.
Pros and cons of football betting
Before we finish up, let’s take a quick look at the pros and cons of football betting.
- Multi-million gambling industry
- Hundreds of markets and matches throughout the year
- Small stakes have the potential for high profits
- Strategies, tactics and staking systems can assist in making money
- Numerous bookies publish football betting tips
- Strategies require energy, time and commitment
- Not all bets are guaranteed to win
- Obsessive gambling may lead to addiction
Our detailed article reveals exactly how much effort goes into football betting when done right. There are many ways of making money, but not all of them are guaranteed to win. Experts spend days calculating statistics and predictions for an upcoming football match, hoping for profits on a few markets.
Even if you’re simply gambling on football for entertainment, you can employ any of the tactics to secure improved results. Just remember to bet responsibly and to manage your bankroll correctly.