How to Make Money Betting on Sports

How to Make Money Betting on Sports

Whether you’re new to sports betting or a seasoned pro, our How To Bet and Sports Betting Strategy and Advice pages are here to help you improve your chances of winning. In this article, we'll explore various strategies that can optimize your odds of making money when betting on sports.

There are millions of sports fans around the world who watch games and likely think to themselves “betting on sports must be easy.” I have news for all who think like that: it is not. After accounting for the “vig” or “juice”, one must hit 52.4% of their bets in order to break even. The most successful “experts” generally get less than 60% of their bets correct. Everyone, no matter who they are will endure a cold spell mixed in as well.

There is no way to 100% guarantee success when betting on sports. However, there are certainly ways you can optimize your chances of success.

In this article, we explain a number of different strategies to increase your odds of making money betting on sports.

1.Quality Over Quantity

In a typical week in the NFL there are 16 games to bet on. Many bettors will place some sort of bet, whether it be against the spread or on the total of every game every week. Some bettors may identify a busy MLB weekend or night of NBA or NHL action and do the same thing.

While one may have success doing this some weeks, over time it is a losing proposition. Remember, the more bets one makes, the sportsbooks are taking more of your money in juice.

No reasonable bettor would argue they are extremely confident in every single game on a particular league’s slate. Some would admit they are doing it just to have action and be invested in every game.

Examine the games you are interested in betting on, and prioritize the ones you feel most confident in. As a rule of thumb, I would not place a wager on more than five games in a given day.

2.Avoid Big Parlays

Parlays are tempting to bettors because of the potentially big payouts if their bet cashes. A typical two-team parlay will pay out roughly 2.6:1 odds. If one were lucky enough to hit an eight-team parlay, they could stand to win 150 times their original wager.

Every once in awhile bettors will read a story about someone who turned a $10 bet into a five or six-figure payout. Those kinds of stories are nothing more than lottery tickets. Last time I checked, people were not so confident that they were going to win the lottery.

There is nothing wrong with making a parlay bet as opposed to individual bets on the same games. However, do not be tempted by the allure of a big payout while having to hit six or more legs of a parlay.

If you are going to bet parlays, stick to two or three team plays. You will not win 150 times your money, but you will have a much better chance of returning a decent payout than losing your original wager altogether.

3.Fade the Public

Experienced bettors have all heard some variation of the phrase “The house always wins.” What quotes like these imply is that gambling of any sort, including sports betting, often results in the bettor losing their money. Thus, casinos and sportsbooks are successful because they rarely lose.

In order for a sportsbook to take a big hit, they would need a large percentage of money to be bet on one side of a game and have that side end up being the correct side. If that happened, the sportsbooks would pay out more money than they collected from losing bets.

Since these types of occurrences rarely happen, it is often advisable to “fade the public” on many commonly bet games. This is especially true if the oddsmakers do not adjust the line out of fear of vulnerability.

Take this situation for example. Suppose the Dallas Cowboys were favored over the New York Giants by 7.5 points. There are many resources available to track the percentage of bets and the amount of money being bet on each side. What if 80% of the money was being bet on the Cowboys? Often times, oddsmakers would adjust the line and increase the spread, possibly making the Cowboys as big as nine-point favorites. If the oddsmakers do not move the line it would suggest they are comfortable with their position and don’t mind the financial vulnerability if the Cowboys were to cover.

In a situation like this, it is always advisable to fade the public and bet on the Giants. This strategy is not foolproof, but as long as sportsbooks are profitable, so will you be by employing this strategy.

4.Shop for the Best Lines

Many bettors have one “go-to” sportsbook that they are comfortable using. These same people may not realize that other sportsbooks may have better lines on games they are betting.

In many sports, even a half-point difference in a line can be significant. If one bet a team to cover an 8.5 point spread, that team would have to win by nine points or more. However, if one got the same team with an eight-point spread, they are less vulnerable since winning by eight is no longer a loss. Instead, that bettor would “push” their bet and get their money back.

With how secure sportsbooks are, there is no harm in opening accounts at multiple places. If you do, you will have the luxury of comparing lines at multiple sites and putting yourself in a position to take advantage of the best line each time.

5.Take Advantage of Live Betting

While placing pre-game wagers are the more common approach, in-game betting can often be more lucrative. Live spreads are more commonly calculated by sportsbooks using algorithms. Thus, the “flow of the game” is not factored in as much as one would think.

For example, let’s say one football team is favored over another by seven points to start the game. If the team that is favored scores a quick early touchdown, the live spread will likely be double digits. Thus, many bettors find success in live betting taking the underdog in a situation like this as oddsmakers’ original lines are often pretty accurate. One can take advantage of thinking there will be some “regression to the mean” and that the game will end closer to what the original line was posted at.

6.Do Your Research

It goes without saying, the more time one devotes to doing the research before betting the more likely they will be successful. Doing adequate research can be done in many different ways. One can research weather forecasts or stay current with injury updates. Also, things like how a team is currently playing or past performances against their opponent should also be weighed.

All of these examples can be classified as research that does not require one to dig too deep. If you have to do extensive research into players or teams and feel like you are starting from scratch, you probably should not be betting on those games. Stick to what you know instead of tricking yourself into believing you can be successful at betting on sports you are not knowledgeable about.

Can you win real money at WPT Global?

Yes, you can win real money at WPT Global. WPT Global also offer the chance to win seats in any number of exciting live tournaments.

How many decks are used in poker?

In most popular poker variants, such as Texas Hold'em and Omaha, a standard deck of 52 playing cards is used. Each deck contains four suits (hearts, diamonds, clubs, and spades) and consists of 13 ranks (Ace, 2 through 10, and the face cards: Jack, Queen, and King).

What is the bonus code for WPT Global Poker 2023?

The best bonus code for WPT Global is WPT777. By entering the bonus code, players will get a welcome bonus 100% up to $1,200 on the first deposit. The minimum deposit is $20.

Join the World’s Largest Recreational Pool of Cash Game Players

Join the World’s Largest Recreational Pool of Cash Game Players
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Fair and Secure Platform

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Make WPT Global Your New Online Poker Home

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WPT Global Download Setup

WPT Global Download Setup
WPT Global Install Setup

WPT Global Install Setup

Set Up Your WPT Global Account

Set Up Your WPT Global Account
Ready to Play WPT Global?

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Deposit now and receive your WPT® Global Ticket Package

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My WPT Global Account

1. How do I start playing?

To play on WPT Global, please download and install the app on your device. Then, register a player account, agree to the terms of use and privacy policy, and deposit funds to start playing.

2. How can I change my personal information?

If you made a mistake during registration or your personal information has changed, please contact [email protected]. Customer support will assist you.

3. What if I forget my password?

If you forget your password, open the app and click the 'Forgot Password' button to reset it.

4. How do I close my account?

If you wish to close your account, please contact customer support at [email protected]. Note: Once you close your existing account, you cannot register a new one (only one account per person is allowed).

5. I'm leaving this country for a while. Can I play poker from other regions?

WPT Global is available in over 100 countries and regions where it is licensed to operate. If your destination is not legal, you will not be able to access the app.

6. Can I use poker trackers or HUDs with my account?

No, WPT Global does not allow the use of third-party tools.

What is WPT Global

1. What is WPT Global?

WPT Global is an online gaming platform offering real-money poker to players in over 100 countries.

2. What is the World Poker Tour (WPT)?

The World Poker Tour (WPT) is an international gaming entertainment brand that operates live tournaments, television, online, and mobile events.

3. Where is WPT Global licensed?

WPT Global is licensed by Gaming Services Provider N.V. in Curacao, with license #GLH-OCCHKTW0701202022, to provide online gambling.

4. How can I participate in WPT live tournaments?

WPT hosts famous live events at top venues worldwide, and anyone of legal age can participate. Please check the official website for the latest schedule. WPT Global also offers exclusive satellites where you can win seats to WPT live tournaments for a small buy-in.

5. What is a WPT satellite?

A satellite is a special tournament where you can win entry to online or offline events instead of cash prizes. WPT satellites offer unique opportunities to qualify for WPT tournaments worldwide.

Bonus Terms

1. What bonuses are available on WPT Global?

WPT Global offers all new players a 100% deposit match bonus (from $20 to $1,200). Get your bonus with WPT777.

2. How much is the first deposit bonus?

On your first deposit, you receive a 100% match bonus (minimum $20, maximum $1,200). Participate in tournaments or cash games, and $5 of your bonus is unlocked for every $20 played and credited directly to your cashier. You can check your available bonuses in the 'Bonus Center' in your profile.

Deposits in WPT Global

1. How do I make a deposit?

To deposit, log in to your player account and access the cashier page. Click the 'Deposit' button to see all available payment methods.

2. My deposit hasn't been reflected in my account

Please wait a few minutes for your deposit to be reflected in your account. Occasionally, there may be delays due to your bank or provider. Please check if the funds have been deducted from your bank account, credit card, or wallet. Proof of payment may be required for investigation.

3. Are there any fees for deposits?

There are no deposit fees.

4. What deposit methods are currently available?

Available methods vary by region, but you can deposit via Visa, Mastercard, JCB, instant bank transfer, prepaid vouchers, cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and major e-wallets (Neteller, Skrill, Muchbetter, Luxonpay, except Ontario).

5. How do I deposit with cryptocurrency?

To deposit with cryptocurrency, you need a crypto wallet with coins. Log in to your WPT Global account, access the cashier, select 'Deposit' and then 'Crypto Payment', enter the currency and amount, and send the funds from your wallet to the displayed address. Wait for the deposit to complete.

6. How do I deposit with Skrill?

To deposit with Skrill, create and verify your account. After adding funds to your Skrill wallet, log in to your WPT Global account, go to the cashier, select 'Deposit' then 'Skrill', and follow the on-screen instructions.

7. How do I deposit with Neteller?

To deposit with Neteller, create and verify your account. After adding funds to your Neteller eWallet, log in to your WPT Global account, go to the cashier, select 'Deposit' then 'Neteller', and follow the on-screen instructions.

Withdrawals in WPT Global

1. How do I withdraw from my player account?

To request a withdrawal, log in to your account and access the cashier page. Select your preferred payment method and amount from the 'Withdraw' button.

2. Why hasn't my withdrawal arrived yet?

You can check your withdrawal status at any time in the 'Transaction History' section. Usually, your funds will arrive within 1 to 5 business days.

3. Are there any fees for withdrawals?

There are no withdrawal fees.

4. Why was my withdrawal rejected?

Withdrawals may be rejected if you select a payment method different from the one used for deposit.

5. Why can't I withdraw my original deposit amount?

According to the terms and conditions, you must wager at least the amount of your deposit before requesting a withdrawal. Once completed, you can request a withdrawal using the same method as your deposit.

WPT Global Account Verification

1. Why is account verification necessary?

To comply with laws and regulations, we require player identity verification. Please submit the necessary documents for account verification.

2. What documents are required for verification?

Verification requires a valid ID, passport, driver's license, utility bill, deposit proof, etc. Documents must be clear photos showing all corners, and utility bills must be within the last three months. Black-and-white or partial documents are not accepted. Payment cards require clear images of both sides. For details, contact customer support ([email protected]).

3. How long does account verification take?

After submitting the required documents in the correct format, we aim to complete verification within 72 hours.

WPT Global Technical Issues

1. How do I download and install the WPT Global app?

**Windows** - Minimum requirements: Windows 10, 500MB+ free disk space, 3GB RAM (4GB recommended) - Start download from [here](/download) - After downloading, open the file (in the 'Downloads' folder) and run the installer - Follow the installer instructions **Mac** - Minimum requirements: macOS 10.14, 500MB+ free disk space, 3GB RAM (4GB recommended) - Start download from [here](/download) - After downloading, open the file (in the 'Downloads' folder) - Drag the WPT Global icon to the Applications folder - Start WPT Global from the Applications folder **Android** - Minimum requirements: Android 8.0, 500MB+ free disk space, 3GB RAM (4GB recommended) - Start download from [here](/download) - When prompted 'Download file?', select 'Download' - Open the .apk file - When prompted 'Install this app?', select 'Install' - After installation, select 'Open' to launch WPT Global - When prompted for location access, select 'Allow only while using the app' **iPhone** - Minimum requirements: iOS 10, 500MB+ free disk space, 3GB RAM (4GB recommended) Search for 'WPT Global' in the App Store and download the app.

2. What should I do if my antivirus blocks pop-ups?

For Safari, go to 'Settings' > 'Security' and turn off 'Block Pop-ups'. For Chrome, go to 'Settings' > 'Privacy and Security' > 'Site Settings' > 'Pop-ups and Redirects'. For Android, select 'Always show' at the bottom of the page. For Firefox, allow via 'Options' when prompted, or add the site to the 'Exceptions List' under 'Settings' > 'Privacy & Security' > 'Permissions'. For Internet Explorer, go to 'Tools' > 'Internet Options' > 'Privacy' > 'Pop-up Blocker'. For Microsoft Edge, go to 'Settings' > 'Site Permissions'.

3. What if I get a driver error when downloading WPT Global?

If you get a driver error when downloading the WPT Global app, please refer to the graphics driver update instructions.

4. Is this download safe?

Yes, it is safe. Only WPT Global will be installed.

5. The app is not responding.

If you experience issues with the app, first clear your cache and cookies. If the problem persists, uninstall and reinstall the app. If you need support, send a screenshot of the error message and details to [email protected].

6. Mobile app updates

To avoid issues, always approve app update notifications. New updates are frequently released, so always use the latest version.

7. What should I do if I see 'Cannot run files in temporary directory' on Windows?

You need administrator rights to download WPT Global. In the Downloads folder, right-click WPT Global and select 'Run as administrator'.

WPT Global Poker Games

1. What is a flight tournament?

A flight tournament has multiple qualifiers (or Day 1s), and the top X% (usually 10-20%) of each flight advance to the final day. When a flight reaches that percentage, it ends automatically, and the remaining players move to the final day (chips are carried over). Flights may also end based on level, time, or remaining players. Some flights may not award prizes, while others do. After all flights end, the final day starts as scheduled. You must buy in for each flight; direct entry to the final day is not allowed. You can enter multiple flights in the same tournament, but only your largest chip stack carries over if you qualify more than once.

2. What is a satellite tournament?

A satellite tournament is a tournament where you can win entry to a major tournament for a small buy-in. The entry fee is usually 10-20% of the major tournament. Multiple entries may be awarded depending on the number of participants. Example: In an $11 ($10+$1) satellite, one ticket to a $110 ($100+$10) tournament is awarded for every 11 players. Some satellites award generic tickets that can be used for any tournament with the same buy-in, not just a specific tournament.

3. What is a guaranteed tournament?

A guaranteed tournament is a tournament where a certain prize pool is guaranteed regardless of the number of players. If there are more players, the prize pool increases, but it will not fall below the guaranteed minimum. Example: In a $55 ($50+$5) tournament with a $2,000 guarantee, even with 22 players, $2,000 is paid out. With 63 players, $3,150 (63×$50) is paid out.

4. How do I use tournament tickets in my backpack?

To use a ticket, select a tournament with the same value as your ticket from the 'Tournaments' tab in the lobby and register.

5. Which hands are eligible for the cash game jackpot?

Each jackpot table displays the prize for each qualifying hand. Players must use both hole cards and have a winning hand to qualify for the cumulative jackpot.

Fairness and Security

1. What is WPT Global's fairness algorithm?

Our fairness algorithm is designed to ensure that all players have an equal chance of winning and to enhance the player experience. By limiting the number of skilled players at each table, we provide new players with a fair chance of winning. You will never be seated with eight pros at the same table and will mainly play against others of similar skill. Even for pros, limiting the number of other pros provides a better experience. Whether you are a new, recreational, or professional player, you will find your preferred game in one of the largest cash game player pools.

2. How does WPT Global ensure safety and reliability?

Our team consists of over 50 industry experts and former professional poker players. We use AI detection tools to monitor for bots, RTAs, collusion, and multi-accounting 24/7/365. Every security case is reviewed independently by at least two team members to ensure accurate and objective conclusions.

WPT Global Game Rules

1. Where can I check the rules for each game?

You can check the rules for each game on the help page found in the game's menu or info button.

2. What is the maximum bet for casino games?

The maximum bet varies by game. Please check the help page for each game for details.

3. What is player return (RTP)?

RTP indicates the expected return rate for players in slot games and varies by game.