Online Betting Basics: A Guide to Making More Money

Betting in the online world is now one of the best ways to make money in the gaming industry. Thanks to the growth of in-play betting, mobile platforms and betting exchanges, it’s now possible to place a plethora of bets with just a few clicks of your mouse.

This ability to speculate on sports from around the world or ante-up on a roulette table all within a single platform has made becoming a professional gambler a stay at home profession. However, before you try to make online betting your forte, it’s important to learn some of the basics tenets of the industry.

While it’s certainly possible to ante-up and make money through betting bonuses or blind luck, the key to long-term success is knowledge. Although guaranteeing a profit isn’t easy, there are steps you can take in order to increase your EV and boost your bankroll when you’re betting online:

Acquire Betting Knowledge: Learn as much as you can about your craft and its various betting options. There is a large body of sports betting and casino literature available to anyone who is dedicated enough to learn the craft. As a reference point, two of the industry’s most respected authors are Stanford Wong and David Sklansky.

Exotic Betting Strategies: A fantastic way to gain an edge over a well-educated bookie is to bet on obscure sports. When it comes to setting football or horse racing odds, the bookies are often well informed and deadly accurate. However, when it comes to sports such as lower league rugby or amateur boxing, bookies often don’t have as much information available and, thus, have to produce odds that aren’t as close to true. Therefore, if you can become an expert in these areas you stand a good chance of capitalising on any value bets you see.

Betting Control: Never bet more than you can afford. In sports betting and casino gaming, as with all forms of gambling, you should have a predefined bankroll and stick to it. In general, you should never wager more than 10% of your bankroll in a single session. Doing this will reduce your risk of ruin and give you the best chance of survival in the hostile world of sports betting.

Betting Bonuses: One of the simplest ways to improve your EV in the betting world is through bonuses. These cash handouts can take various forms, but the main premise behind each one is that you get something extra based on betting activities. This function of the online betting world is one of the reasons it’s become so popular with punters across the world.

If you’re a fan of betting and want to make the most money possible, then look towards the online world. Through a combination of educated play and special betting bonuses, you’ll be able to make more money with a few clicks of your mouse than if you were to ante-up in a brick and mortar venue.

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