July 23, 2019

3 Legitimate Ways to Make Money from Betting

From the CBJ Newswire.

The best betting websites have a whole slew of potential for making.

That said, they also have a lot of potentials for you to lose your money. So, how can you get a piece of one of the worlds largest industries? Sports betting alone is a 150 billion dollar market. Online gambling such as poker and casinos is projected to hit 94 billion dollars by 2024 … there has got to be a way to get a steaming hot slice of that pie.

Here are a few ways to make money from betting.

Become a Professional Sports Bettor

OK, this is almost like cheating because it is the most obvious answer. But how? Well, the first thing you are going to want to do is to forget about making your living playing online slots. Sorry, but there is no way to mitigate your risk, and you will lose your shirt. Stick to sports, you know well and follow regularly.

You’ll need to open an account at several different sportsbooks so that you can cross-reference betting lines at different shops and make sure that you make your wagers with the most beneficial lines for the side or play that you like.

Next, it’s all about the timing. Action can move betting lines around quite drastically. Take the NFL for example, at the beginning of the week the lines may favor betting on one team, but by Thursday or Friday, they may favor the other side because of all of the artificial movement created by heavy public action. Once, the lines are lopsided, we may see action come back again on the other side to even things up again. So, you’ll have to pay attention to the timing … in other words, when you place your wager. Two people may place a bet on the same team, but one of those people may lose because there was a half point difference depending on when they bought in. Obviously, this is all on top of picking you plays very carefully and setting rules for yourself.

Start an Affiliate Marketing Webpage

If you’re dead-set on getting into the online casino thing and actually want to make a bit of cash at it, you could start a webpage with a list of all the best online casino games. But first, you must develop a relationship with the different online casinos so that when people click on your links and go play, you get a kickback from the online casino.

The content on the site is up to you, but keep in mind, this is a highly competitive market. So be ready to shell out some serious duckets on Google Ad Campaigns and spend a lot of time blogging and updating your pages for search engine rankings.

Start a Betting Stream

Live streaming or just uploading videos to YouTube and other video content platforms have become a popular way for people to make a few extra bucks. You could create content based around free advice and take SuperChat donations on your YouTube LIVE streams. If your content is good, and you start getting a hefty subscribership, you will make a few bucks from YouTube ads. Or, because you have a lot of subscribers, you can work a deal out with a major online sportsbetting site to sponsor your content. Pretty cool, huh?

There are many more ways to make money from the betting industry like actually getting a job with an online betting outlet, whether it be helping them with their content or social media campaigns, there are a lot of things you can do to make money in this industry, these are just a few.

Do you have any ideas on how to make money with gambling? If so, please comment. We’d love to hear them.

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