Gambling is one of the most popular hobbies in the UK and Europe. However, most part-time gamblers would say that making a profit is next to impossible and that the bookmakers are the only ones who make any money in the betting industry.
Granted, you might win the occasional bet and land a decent profit on an outsider but that’s not going to be on a regular basis.
So can gambling be profitable in any way? Read on to find out…
Can gambling be profitable?
If anyone mentions the word gambling you immediately think of the bookmakers that make millions from customers’ losing bets. Thanks to the house advantage, there’s no way you could ever make a profit gambling.
And if I claimed that you could make a steady profit using gambling you’d probably think I was on something!
I’m not, but hear me out.
In 2019, there are certain ways to make a profit from betting. Whilst not all of these methods are guaranteed, they will certainly increase your chances of success.
Let’s check them out.
Make money with matched betting
Matched betting is arguably the number one method to make a reliable profit from gambling and thousands of bettors already use this technique. The popular student site Save the Student even list it as the number one way to make money online.
That takes something!
So what exactly is matched betting?
Matched betting is a way of making a guaranteed profit from bookmakers’ free bets, promotions and other bonuses.
Bettors take advantage of the huge range of promotions offered daily. At the time of writing, there’s a whopping £1200 in free bets waiting for you to profit from.
You’re probably wondering how this method can be risk-free. Here’s the thing, matched bettors use a technique called back and lay betting. I won’t go into the details in this article, but it involves placing two opposite bets at different betting companies.
All in all, matched betting is certainly a profitable way to make money online.
Use betconnect to place your bets
If you’re not sure about methods such as matched betting and you’d rather try your luck with gambling, there are other methods out there such as using betconnect.
Betconnect is a new social betting platform that allows amateur punters to copy the exact bets of professionals. Founded in just 2018, betconnect are set to have a large impact on the betting industry as a whole.
Their main aim is to level the playing field between bookmakers, punters and professionals. Check out this article for a more in-depth look at betconnect and what they offer.
The professional gamblers at betconnect have generally been banned by the bookmakers as they were deemed too successful. Whilst you could argue that it’s not just professional gamblers that get banned by the bookies, you know what I mean.
If you’re copying the exact bets these pros place, it bodes well. They must be doing something right.
Whilst betconnect is an awesome platform, you do need to keep your eye on average punters claiming they’re professionals.
Anyone can sign up for a professional account at betconnect meaning there could well be quite a number of average traders. However, betconnect has made this process easier by allowing punters to view previous stats and betting history of the pros.
If you don’t like a pros stats or they’re too high risk for you, you don’t have to follow their bets. It’s that easy.
Overall, by having the ability to copy trades from professional gamblers this means you can increase the profitability of your betting in 2019.
That’s not to say that every bet will go your way. Betting involves chance and is inherently risky. If you’re using this method you certainly shouldn’t bet with more than you can afford to lose.
Tips to increase your betting profitability
Whilst these betting tips are not guaranteed, they have been proven to increase the profitability of your betting. I and many other bettors use these exact tips to increase our profit.
Here are three of my favourite and most profitable betting tips.
- Bet on short odds
- Keep a betting record
- Know your markets
Let’s look at each of these in more detail.
Bet on short odds
Betting on short odds is a common technique that can be very profitable in the long run.
Short odds are outcomes that are more likely to happen. In the example below, Man City have very short odds to beat Watford in the FA Cup final.
The back odds are 1.24 meaning a Man City win is very likely.
Whilst not every bettor will agree with this method, it’s one of the most common methods to increase your betting profitability. Betting on short odds are more likely to return winners on a more regular basis.
Betting on longer odds is great, however, the odds are high for a reason. The outcome is far less likely to happen.
Whilst the winnings will generally be very low with this technique, it’s the consistency that matters. Keep at it and the profits will soon add up.
Keep a betting record
Staying organised in betting is one of the most important parts of a successful strategy in 2019. If you want to make any kind of money, you’ll likely be placing a large number of bets each day.
Keeping up with your bets is therefore vital if you want to succeed. Here are some things you should keep an eye on:
- What events you place your bets on
- The amount of money you stake
- Your overall profit or loss
However, it’s not only your bets that you need to stay on top of. You’ll also have many different bookmaker accounts all with different usernames and passwords.
Whilst having different passwords and account safety is important, you won’t be able to remember all the required information. Having this stored in an easy to find file will help your betting no end by saving you huge amounts of time.
Know your markets
Markets are another important part of betting that can significantly impact the amount of profit you make. Whilst most bettors are aware of common markets like Win/Draw/Win, it’s the less popular markets that usually offer better odds and ultimately more value.
Finding these ‘hidden gems’ is what separates the sheep from the goats in the betting industry.
Can you make gambling profitable?
So can you make gambling profitable in 2019?
In short, yes you can. If you employ methods such as matched betting you can make a guaranteed profit very easily. There are thousands of bettors out there that already use this method to great success.
If you use betting platforms such as betconnect, you significantly increase your chances of making money through gambling. However, you are still gambling so nothing is guaranteed with this method.