There are a lot of different ways to make money gambling. Anyone that is not gambling full time does have a serious disadvantage compared to professionals. There are so many systems out there, that it can be confusing where to start or how to go about it.
Sports Arbitrage Betting
Sports arbitrage betting is when you place two or more bets with different book makers at the right odds to insure a profit no matter the outcome of the event. This might be a little hard to understand at first, here is an example of an arbitrage.
You place a bet for $100 with Bookmaker #1 for Team 1 to win @ 2.1 odds
You place a bet for $100 with Bookmaker #2 for Team 2 to win @ 2.1 odds
You have invested $200, no matter which outcome, if team 1 wins you get back $210, and likewise with team 2. So you have made a $10 profit from a $200 investment. This means that you got a 5% return on your investment.
Seems easy right, well its not. To find these arbitrages requires a lot of time and effort. There are services that do help with searching for arbitrages.
Free Bets Arbitrage
If you would like to make money gambling, free bets arbitrage is probably the best place to start. It works on the same principal as sports arbitrage betting, except you don’t need to find great odds from bookmakers. You can incur a small loss on your arbitrage but still make money because the bookmaker is giving you the money to bet.
Casino Bonus Hunting
Casino bonus hunting was great a few years ago when casinos where fighting for clients. These days its harder but it is still profitable. The casino will give you a bonus when you first deposit. Then they require you to wager a certain amount in the casino software. By using the proper strategy in certain games, you can statistically give your self an edge on some casinos.
You can also make money gambling by buying picks from good handicappers. These guys are full time studying the sports, so they have an edge. The good handicappers will charge more than amateurs trying there luck, so unless you have got a decent amount of money to gamble, it is usually not worth it.
If I were starting out again, I would start with free bets arbitraging. Its a simple easy system to make a decent amount of money in a short amount of time with no risk. Casino bonus hunting is also a good idea when you are starting out but you can have quite a few losses thrown in with your wins. Its better to do this after you have done the free bets arbitrage.
There are a lot of other systems as well, enough to fill a book. A lot of them are losers, so be vigilant when you read about a system that is a “sure thing”.