In the sports betting world, most people’s primary objective is deciphering how to win continuously and earn some extra money for the month. While this may sound impossible for many, the reality is that there are several methods to increase your chances of success that have been proven to work over the years.
In this article, we’ll dive into different strategies to improve your odds of winning in 2024. From following tipsters to using advanced algorithms like WinnerOdds, we’ll cover all the bases and determine which option is the most complete and effective one.
1. How to win at sports betting by following tipsters
One of the first options to win at sports betting is following renowned tipsters. Tipsters are sports betting experts who, based on extensive analysis and experience, provide betting recommendations—tips—to their followers.
How does it work?
It’s a simple model: tipsters analyze match data to find worthwhile winning bets, and their audience generally pays a fee to receive the tips.
Here’s an article we wrote some time ago to help you choose a good tipster:
How to choose the best professional tipsters
Pros and Cons
Pros:
- Simplicity: You just need bet based on their tips
- Community: Many tipsters have an established and active community where you can share experiences
Cons:
- Variable quality: Not every tipster has a reliable and trustworthy track record
- Complete dependence: You’re entirely reliant on the skill of the tipster (who is only human), which can be risky
- Cost: Top tipsters can be rather expensive
- Account limitations and closures: As with all strategies to win at sports betting, bookmakers may promptly limit or close your account
2. How to win at sports betting with your own bets
The second popular option is placing your own bets. Many people believe they have valuable insight on their sport of choice and that devising their own strategy is a valid way forward. This relies on self-analysis of teams, players, and external factors to make informed decisions.
What do you need?
Other than a thorough understanding of the sport you’re betting on, you need unwavering discipline, free time, bankroll management skills, and a sharp ability to analyze data and stats.
Pros and Cons
Pros:
- Complete control: You are fully responsible for your actions
- Flexibility: You can tweak your strategy at all times
Cons:
- Required experience: Without expert knowledge, you’re unlikely to make consistent profits
- Emotional biases: Impulsive decisions may bring your results down
- Time: It takes many hours to analyze matches and recurrently find value bets
- Account limitations and closures: As with all strategies to win at sports betting, bookmakers may promptly limit or close your account
3. How to win at sports betting with Arbitrage Betting
Arbitrage betting, arbing, or sure betting, is a strategy that takes advantage of discrepancies in match odds offered by different bookmakers. The goal is to bet on all possible outcomes of an event so that, regardless of the result, you guarantee a profit.
How does it work?
Arbitrage betting entails spotting situations where different bookmakers display significantly different odds for the same event, allowing you to place bets on all outcomes and secure a profit.
Pros and Cons
Pros:
- Guaranteed earnings: If done correctly, you will always make money
- Low risk: Arbing removes the uncertainty usually tied to sports betting
Cons:
- Time and effort: Spotting arbitrage opportunities is complex and takes a long time
- Limitations and account closures: The bookies don’t fancy this strategy, so expect to get your accounts restricted
- Fleeting chance: Arbitrage opportunities are often only available for a few seconds or minutes
4. How to win at sports betting with Matched Betting
Matched betting is a staple strategy that leverages promotions and bonuses offered by bookmakers to generate risk-free profits. This technique is especially popular in certain regions like the UK, but it’s been gaining traction all over.
How does it work?
Matched betting involves using free bonuses or promotions, and covering all possible outcomes of an event with “matched” or “lay” bets.
Pros and Cons
Pros:
- Low risk: If you follow the steps correctly, losses may be minimal or nonexistent
- Simple: There are plenty of guides and resources available
- Low barrier to entry: With a small bankroll and some free time, you can make money consistently
Cons:
- Limitations and account closures: As with all strategies to win at sports betting, the bookmakers can limit or close your account
- Diminishing returns: After you’ve used up the bonuses initially available to you, the opportunities to keep matched betting decrease
- Slow process: The earnings are small (€1-3 per promo), so you’ll have to complete many promotions to earn significant money
5. How to win at sports betting with traditional Value Betting
Value betting is all about identifying bets in which the implied probability in the odds is lower than the actual probability of that outcome happening. In layman terms, you bet when the bookmaker’s odds are “wrong” and provide a mathematical advantage.
How does it work?
To find value bets, the general strategy involves comparing bookmaker odds with your own probability estimates, or using bookmakers that set their lines tightly (like Pinnacle). If you spot a favorable mismatch, you place the bet.
What’s most common in the market are the well-known steamers or dropping odds services from Pinnacle.
Here’s an article from Pinnacle’s blog if you want to dive deeper into this topic: How to calculate EV
Pros and Cons
Pros:
- Mathematically proven: It lets you take advantage of poorly estimated odds
- High volume: Unlike other methods, the volume of bets you can place tends to be very high
- Profitability: You can achieve good returns in a short time
Cons:
- Requires continuous dedication: You need to constantly seek new opportunities
- Short-term fluctuations: You might experience losses in the short term despite the long-term mathematical advantage
- Limitations and account closures: As with all strategies to win at sports betting, the bookmakers can limit or close your account
- Initial costs and subscription fees: It requires an investment in analyzing tools and a sufficiently high starting bankroll
- Dependence: The model often relies on monitoring Pinnacle’s odds and trusting their accuracy
6. How to win at sports betting with WinnerOdds’ Value Betting
The final approach, and perhaps the most advanced one, is value betting using proprietary minimum odds calculations, like those offered by WinnerOdds. What sets us apart is that we are an automated system that combines artificial intelligence and mathematical analysis to precisely and efficiently identify value betting opportunities.
We don’t need to wait for anyone to find the bets. We calculate our own minimum odds and are ready to place the bet thanks to monitoring over 50 available bookmakers.
You can read more about how our minimum profitable odds are estimated in this article: Dynamic Minimum Profitable Odds
How does it work?
WinnerOdds employs its own algorithm to calculate minimum profitable odds before the bookmakers publish their own. This allows the algorithm to detect value bets instantly and notify users on their mobile device so they can place the bet.
To better understand how the tool works from the inside, here’s a tutorial video
Pros and Cons
Pros:
- Algorithmic accuracy: The system is founded on continuous data and analysis, reducing the margin for error
- Automation: The process is much more efficient than manual analysis
- Independence: Using your own odds calculations grants independence from other systems
- Minimum Profitable Odds: You have a reference from which a bet turns profitable, allowing you to find plenty of opportunities at local bookmakers
Cons:
- Initial costs and subscription fees: It requires an investment in analyzing tools and a sufficiently high starting bankroll
- Technological skepticism: Some users may distrust automated systems and prefer human decision-making
- Short-term fluctuations: You might experience losses in the short term despite the long-term mathematical advantage
- Limitations and account closures: As with all strategies to win at sports betting, the bookmakers can limit or close your account
Conclusion: The Best Strategy to Make Money from Sports Betting in 2024
As we’ve seen, there are many ways to make money with sports betting, from following tipsters to applying advanced strategies like arbitrage and value betting. However, not all options yield the same profitability, require the same effort, or are equally effective for the time invested.
In the end, everything hinges on your personal situation: how much time you have, your bankroll, and your specific skills. There’s no right answer. But we can offer a summary to help you figure out which strategy is best suited for you.
Arbitrage and matched betting are fitting for those with lots of free time, patience, methodical habits, and a bankroll below €3000.
These methods offer risk-free profits but are difficult to scale and face significant limitations, especially with arbitrage. The picture looks very similar for those who choose to devise their own bets. You’ll need time to follow the chosen competition, stay updated on the latest news, and monitor market movements. A deep knowledge of the sport and above-average betting skills are essential to manage risk and money.
Traditional value betting using Pinnacle’s odds as a base is a profitable technique for those with medium to high knowledge of sports betting looking for better returns. You’ll need a bankroll above €3,000 and the ability to place bets at any given time.
The downside is that to take full advantage of the strategy, you’ll need to be very adept at navigating various bookmakers to find the best odds and set account limitations back. It’s a purely manual and cumbersome process.
Moreover, the market is very saturated, and users of these services are often the ones most affected by odds dropping, as it’s easy for bookmakers to detect this strategy. Ultimately, it requires a significant time investment, particularly on weekends.
Lastly, value betting with proprietary minimum odds calculations, like the services offered by WinnerOdds, is the most comprehensive option for winning at sports betting in 2024. It’s designed for people who have never bet before or have little experience. Its interface is perfectly user-friendly, and it provides the odds, bookmaker, match, and amount of money to bet all at once. Your only task is to follow the betting notifications.
To get the most out of it, you’ll need a €5000 and up bankroll, and while it requires decent availability to place multiple daily bets, it’s much more versatile than traditional value betting.
Additionally, since we calculate our own minimum profitable odds, the bets are unique and exclusive to WinnerOdds users. No one else has them, which reduces the risk of being swiftly detected by bookmakers compared to traditional value betting methods.
As you can see, the best strategy depends on your situation, but if you’re looking for the most effective way to make money from sports betting in 2024, WinnerOdds offers the most complete solution in terms of profit/time ratio.
To conclude, let me show you the results that the average user achieved in tennis over the past year, just in case you know of any other service that achieves these results with less than 10 bets a day.
And here are the football results, which performed similarly:
You can check all the historical data and the details of each algorithm yourself, always up-to-date in these links: WinnerOdds Tennis and WinnerOdds Football.
