15 Nov 2014

5 Ways of Making Money In The Betting Industry (II)


In the last post, I shared with you the first two ways of making money in the sports betting industry. Today I will share two more ways, and end this part of the 40 different ways to make money online series with a final post outlining the strategies used by Pros to make money regularly in this industry.

Please read along.

You can also make money as:

3. Tipster. Become a Tipster and make money by giving betting tips on popular betting websites, or simply running your own betting advisory company, e.g Segun Agbede’s betting tips for Nairabet. Tips are also called Picks.

If you continually emerge a top ten tipster at a website like soccerpunter.com tipster competition in their monthly tipster competition, they will offer you a part-time job as a freelance writer and will pay you a monthly salary, click the link for more info.

You can also find popular competitions here: 

Some of the competitions/websites are affiliated to popular betting companies and will require you to open an account with the company first as your winnings will be paid into your account there. Overall, read their terms and conditions very well to understand how the competition operates. Your sports knowledge shouldn't just lie fallow.

4. An amateur Gambler. Gamble large sums severally and hope to be lucky. Of course LUCK is the reason all 5 groups are in this business, but while the other four are using their heads, this group rely more on gut feeling and their heart to bet. They are the Chelsea fans who will bet on Chelsea to win, or the patriotic Nigerian who bets on Nigeria simply because he loves Nigeria. They handle sports betting emotionally instead of logically/professionally.

The chances of losing all their money eventually are very high for everyone in this group. I DO NOT RECOMMEND THIS IN ANY WAY unless you do it for fun (gaming) with STRICTLY very small amounts of money you can afford to spend, NOT LOSE OH (Never bet with the mindset that you will lose...even though we all know some of your bets will be lost)!

[I like the phrase “with amount of money they can afford to spend”, I got it from the sciencedaily.com website which has a lot of research on gamblers/stock markets and the relativity between the two.
Check out this research on the site on how people who gamble for fun do so with money they can afford to ‘spend' and don't become problem gamblers (-the difference is that it is EXPENDITURE for them, going into their budget. Billionaires often bet like this for fun with a very minute fraction of their income. But it is a LOSS for problem gamblers/poor people who want to get-rich-quick from gambling. lol] 

Also check out this ten tips for beating casino tactics if you visit the casino to catch fun.

Now let's get down to serious business. How can you make money as a professional bettor, handicapper or gambler in the betting industry and never lose money like Billy Walters (-who has never had a losing year,) and others. 

Please join me tomorrow. 


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