Ways of making money in betting.

I have always been fascinated by beating the casino at their own game and in 2009 with the financial crisis in full swing that fascination became an obsession. But after lots of trial and error, experimenting, and false starts I finally was able to turn that obsession into a career and make money gambling. I was a professional gambler. Over many years it was my full-time job, making over a million pounds along the way. I started with matched betting and then moved to arbitrage while dipping my toes into every other form of professional gambling.

In this post, I take you through seven different ways to make money gambling and talk about their pros and cons.

But before we start, if this is all new to you I recommend starting with Matched Betting as it is the easiest and least risky. Here is my detailed how-to guide on Matched Betting.

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Start with Smart Betting Bankroll If you want to make money, you should start with betting funds that can absorb losses. A minimum of 50 units of funds is recommended if you wish to bet in units with an average beat of 1 unit. minimum.

Good. So you can only afford 1000 euros of funds. That is, the average unit would be 20. It may sound a little bit, but we know you want to be a big player. Well, a €1,000 fund can quickly turn into a sizable sum with continued value recognition and a reasonable betting plan.

Let’s say you make 200 bets per year. And for the sake of argument, let’s say they all have odds of 1.90 and you hit 54% of strikes. Well, with Kelly’s partial betting plan, your funds will be around €1100.00 as your 200 bets will be equal in the long run depending on the winning stability at the end of the bet. Yeah, I hear what you`re saying – that`s only 100.00 profit over the year. Well, that`s just betting 200 bets a year, with a 2.6% average return per bet.

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