Uncovering the Surprising Truth About Making Easy Money in Sports Betting

The burning question on everyone’s mind is, “Can you make money betting on sports?” The straightforward answer is yes. Yet, this is far from the common reality.

I have been involved in the gambling world for 30 years. I’m not a degenerate, thank God, but I’ve had some dark moments earlier in my life.

Gambling is not something I encourage, even though it’s always been a part of my life to some degree.

Nowadays, I’m pretty much a non-gambler.

However, I take part in a few Discord groups about gambling. I’m using my time to educate younger people on the dangers of sports betting. I’m also teaching them how to navigate the waters.

Money Management

The rule of thumb is to only bet 1% to 5% on a wager. You should be closer to the 1% mark if I’m being honest.

Most people don’t follow this. It’s mathematically impossible to not eventually bust out if you’re betting 25% of your bankroll.

Heck, most people don’t have a bankroll. 

A bankroll is a sum of money you set aside for sports betting. 

The sad part is people get paid, make some random bets hoping to win big, and almost always lose. Rinse and repeat.

Types of Bets

I will not go through them all, as there are way too many. The most popular ones are parlays or same-game parlays (SGPs). Your odds of winning go down for every bet or leg you add to a ticket.

As a result, the sportsbooks make more money. You’ll never win long-term betting parlays or anything else for that matter.

Luck may stop by from time to time and drop a nice win in your lap in the short term. 

Don’t forget, this is only temporary.

That’s the dangerous side of sports betting. The only way to win is to take only straight bets or singles. That’s betting on the outcome of only 1 selection.

For example, you might bet on an NFL receiver to go over 73.5 yards for the game, and that’s all.

You should use parlays only for recreational purposes to add a bit more excitement to the games, not for attempting to make money.

I could go through all the math, but it’s kind of boring and long.

Juice or Vig

These refer to the commission the sportsbooks add onto the lines. Sometimes you see them, and other times you don’t.

On a straight bet, a -110 would be a ten-cent commission. 

You won’t see these in a futures bet, but trust me… they are built in there.

Futures could be the worst type of bet, as they are heavily juiced by the sportsbook. To overcome the juice is very difficult, so you need to hit 53% or better in most cases.

Emotions

This will be the most common reason you lose. You can’t have any emotions if you are to beat the sportsbooks. The chase is real, and every serious sports bettor knows about the infamous Hawaii game.

The reason is that Hawaii teams are often the last game of the night, so people who won or lost are chasing more money. 

Been there, done that.

Acting like a robot is the way to succeed. 

Once your emotions get involved, forget it. The same as with poker or any other game for that matter.

Emotions have to be in check; otherwise, you’ll fall victim to Caro’s point of no return. It states that we should always play to the best of our ability, no matter the outcome.

As we lose money, we will regret losing more than we should have in the days ahead. At that time, it was already too late.

What I Recommend

If you want to give sports betting a shot, then go for it. 

I would strongly advise doing it for free for three months to see if you come out ahead. Head over to a site or app called Action Network and try your luck.

You can make any type of pick pretty much, and if after three months you’re up money, then fantastic. Pick a sportsbook you like and deposit some money. If you lose in those first three months, it wasn’t your hard-earned cash.

I would suggest giving this a try in three-month blocks, so you don’t get lucky for one week and think you’re a hero.

Don’t forget this simple thought: if you think you can beat the sportsbook, compare your house to theirs. Then see who has the nicer and bigger one.

Pretty sure any casino on the strip is nicer than what you’re currently living in.

Thanks for reading :)