As known from:
VA
  • About Captaingambling.com
  • Our US Squad
  • Our Review Process
  • Gamble Responsibly
  • Get In Touch
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content

How to Make Money Sports Betting in 2022 With PromoGuy

Can You Make Money Betting on Sports?

Ever wondered how to make money sports betting online? Our latest guide is here to put your queries to rest! There’s no sure way of making money all the time. However, you can always improve your chances, especially with the help of PromoGuy.

By joining the PromoGuys, you can easily find profitable bets for you by using their vetted odds boosts and promos so that you can have the time of your life - making money by betting on your favorite sports.

Read More
mb-test-image
Subscribe to PromoGuy for free and boost your bankroll!
Get started now!
or follow us here on these channels:

What's PromoGuy all about?

Meet the PromoGuys!

Video: Meet the PromoGuys!

Meet the PromoGuys!

Subscribe to our picks
100% FOR FREE
Get started now!

Monthly Performance

December 2021 175 Picks 66 Wins 37.70 Win % 428.36 Monthly Net 17380.32 YTD Net
January 2022 195 Picks 83 Wins 42.56 Win % 2,716.10 Monthly Net 2716.10 YTD Net
February 2022 162 Picks 68 Wins 41.98 Win % 840.35 Monthly Net 3556.46 YTD Net
See full betting history in the tracker sheet

So, can you make money betting on sports?

It’s understandable that you are most likely eager to find out how to win while sports betting more often than not. After all, it’s the main objective of any bettor’s strategy. People win small and win big all the time while betting on sports. It’s possible to get lucky or simply follow a logical betting strategy which mitigates certain factors. However, it is vital to understand from the get-go that you cannot make money betting on sports all of the time. You need to factor in that you will incur losses at times as well as potentially make money at other times.

It’s very important that you understand the nuances of sports betting before you attempt to make money doing so. In doing so, you’ll be able to tailor your strategy so that you are able to be more consistent in your approach.

Promo

Don’t take betting resources at face value

Before we find out if sports betting is profitable in the long run, we must bring your attention to one important point. There are a wide number of online betting guides and sites that promise to help you make money betting on sports all of the time. We urge you to ignore these calls as this is simply not true. Added to this, various betting guides have been created without the necessary research required and knowledge of the topic at hand.

Although there is no guaranteed way on how to make money sports betting, there are several ways whereby you can enhance your betting insights and skills. These methods and strategies will enable you to become a more dynamic online bettor with better know-how of which betting lines and markets might pay off. Before you start doing this, it’s vital that you get to know the different betting strategies at hand.

Understanding different betting strategies

There are a vast number of strategies that have been touted over the years. Some have been more successful than others in enabling bettors to make money online. It’s important to separate fact from fiction and apply a practical strategy that works to mitigate risk and improve your chances of success.

Expected value betting

One betting strategy that has been adopted en masse is expected value (EV) betting. EV betting requires you to assess where odds have been overvalued. It’s all about identifying your predictions and the predictions of sportsbooks. In order to do so, you need to work out the implied probability of outcomes occurring. You can then assess whether your predictions of an event outweigh the implied probability of sportsbook odds. In doing so, you will manage to find value bets which provide you with better returns than usual.

Let’s assume you come across the LA Lakers with odds of +220. If you feel that the Lakers stand a better chance of winning, albeit still being underdogs, then the expected value of your bet is positive. This, in short, is a strategy which you can use to make money betting on sport.

Matched betting is a no-no in the US

If you have read a number of betting guides, you might well have heard of matched betting. It’s the process of capitalizing on free bet bonuses on betting exchanges. The strategy entails backing and laying an outcome so that you cover both bases. Whatever the result, you end with zero profit. However, you receive a free bet bonus equal to your wager. You can then use the free bet to secure a profit.

This might sound tempting. However, matched betting is not possible in the US. Betting exchanges are not in existence. As such, you won’t be able to utilize the required process in order to use this strategy to your benefit.

Our latest tips on how to make money sports betting

  • Bankroll management is vital: This is a tip that you will come across time and time again. It’s something that can’t be stressed enough. You need to have complete oversight and control of your betting funds. Going all in – so to speak – will most likely leave you high and dry. You need to set yourself targets and ensure that you stick to your budgetary limitations. Putting all of your eggs in one basket is not a good idea. Diversify your betting approach by placing smaller stakes on a number of different betting lines.
  • Stick to a measured approach: There’s no point sugarcoating things. In order for you to actually make a go of realizing winnings from sports bets, you need to use a measured approach. We are all for following your gut in certain situations. However, you need to combine this with the actual research on the respective markets that you wish to bet on. If you don’t do this, you’ll be betting blindly – which simply leads to losses in the short, and long, run. Take the time to do your homework as this gives you a better perspective on how to make money sports betting.
  • Don’t take on unnecessary risk: Online betting comes with a number of risks. Of course, the biggest risk is losing your stake if your bet is unsuccessful. As such, you always need to find somewhat of an equilibrium. Your eyes might light up at the fact that you can realize a massive return. However, these opportunities are far more risky than if you simply bet on a clear favorite with a much smaller return on offer. It’s all about how you manage the probability of outcomes occurring with the perceived or actual monetary rewards.

Conclusion - make money betting on sports

You now have a better idea as to how to make money sports betting online. There are several techniques or strategies that you can adopt in order to improve your chances. However, much of the focus should be on improving your betting knowledge and skills. At the end of the day, online betting is a fun activity that you can enjoy. If you don’t put making money at the center of your approach, you might just have a far better experience overall.

You can also check out some other guides which outline a number of enticing ways in which you can enhance your online sports betting experience. Get out more about profitable football betting opportunities or simply check out our latest reviews. Find the sportsbook that appeals to you so that you can start enjoying online sports betting opportunities today!

Pick
1.877
Pick
Wins
898
Wins
ROI
21.5%
ROI

How to make money sports betting FAQ

❓Can you make money betting on sports?

One of the main objectives of online betting is to make money. It should also be about having fun and following your favorite sports. However, if you aren’t looking to make money, then you might well find yourself losing out in the long run. We recommend that you read our latest guide to find out how you can do this and give yourself the best possible opportunity!

🔎How do I make money betting on sports?

There are a number of different ways that you can make money betting on sports. However, you must take note that these methods don’t always work. Even our latest guidance doesn’t work 100% of the time. But, it will improve your ability to make wise betting decisions. Take the time to read our latest guide!

🔮What tips are best to make money sports betting online?

There are plenty of online tips that you will come across on the internet. This isn’t to say that all of these tips will actually help you make money betting on sports. It’s important to find a reliable source whereby you can actually implement strategic and accurate pointers. Make use of our latest guide to find out more.

🔖What are the best strategies to make money betting on sports?

There are a number of different betting strategies. It’s important that you assess which strategies work for you. This will enable you to find the right approach – all of which will help you make the most of your betting online and improve your chances of making money. Check in with our experts and the latest guide on how to make money sports betting!

💯Can I always make money on sports betting?

It is important to realize that you can’t necessarily always make money betting on sports. Betting on sports consists of skill, luck, and probability. There are always a number of moving parts to take into account. We hope to help you make the most of your online betting experience. As such, we recommend that you read our latest review to find out more!

Top Betting Sites
Top Betting Promos
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
94/100
DraftKings Sport
DraftKings Sport
DraftKings Sport Review
92/100
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
90/100
SI Sportsbook
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.7/10
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
BetRivers.com
BetRivers.com Promo
100% up to $500
T&Cs apply
9.5/10
BetMGM Sportsbook
BetMGM Sportsbook Promo
100% up to $1000
T&Cs apply
9.4/10
DraftKings Sport
DraftKings Sport Promo
20% up to $1000
T&Cs apply
9.2/10
WynnBET
WynnBET Promo
Bet $100 Get $100
T&Cs apply
9/10
Let us boost your bank roll!
Sign up for free! | We'll show you how it's done   Get started now!
Our Team
Mark LewisJosh SchwartzDrew the DFS Guy
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Get the latest updates in Sports and Casino via our Newsletter

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccwww
Move to Top
Close
Subscribe to PromoGuy for free and boost your bankroll!
Get started now!
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site